3 Hot Stocks Skyrocketing in Revenue & Profit!

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Introduction

If you have extra money to allocate to stocks, these 3 growth stocks should end up on your buy watchlist.

Growth stocks offer one of the most powerful avenues for wealth building, especially when preparing for retirement.

Fortunately, the US market is brimming with growth opportunities ripe for your portfolio. To identify the best picks, investors should focus on companies with a strong brand, reputable management, and long-term growth drivers.

In this article, we spotlight 3 standout US growth stocks that have recently reported impressive increases in revenue and profits—making them prime candidates for your buy watchlist.🚀🔥.

1. S&P Global (SPGI): Empowering Decision-Makers Worldwide 

1. Unlocking Opportunities, Accelerating Progress

   S&P Global, a trusted data provider, empowers governments, businesses, and individuals with essential intelligence. Their mission is to enable confident decisions by delivering the right data, expertise, and connected technology.

2. Strong Financial Performance in 1H 2024

   - Revenue Surge: In the first half of 2024, S&P Global's revenue soared by an impressive 12% year-on-year, reaching a substantial US$7 billion. This growth reflects our unwavering commitment to excellence.

   - Profitability Surge: Operating profit surged by 38% year-on-year, hitting US$2.8 billion, while net profit jumped an astounding 53% to US$2 billion. These robust figures underscore our financial strength and resilience.

   - Cash Flow Dynamo: S&P Global consistently generates free cash flow. In 1H 2024, our free cash flow skyrocketed by 87.7% year-on-year, reaching US$2.4 billion. Investors seeking stability will find us a reliable choice.

3. Dividends: A Legacy of Consistency

   - Dividend Pioneers: Since 1937, S&P Global has paid dividends without interruption. Their commitment to shareholders remains unwavering.

   - 50-Year Streak: For five decades, they've increased dividends without fail. Income investors can rely on our track record.

   - Recent Payout: Their most recent quarterly dividend stood at US$0.91, a slight bump from the US$0.90 paid out a year ago. Steady income for your portfolio.

4. Future Outlook

   - Guided Growth: Their project revenue growth of 8% to 10% for 2024. Their strategic vision drives sustainable expansion.

   - Strategic Acquisition: Recently, they completed the acquisition of Visible Alpha, a financial technology provider specializing in deep industry and segment consensus data. This move enhances their capabilities and positions us for continued success.

Investors take note: S&P Global is more than data—it's a catalyst for informed decisions. Join us on this journey toward progress and prosperity! 💡🌐

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2. Palantir: Power of Big Data Analytics for Tomorrow’s Innovations 

Palantir Technologies Inc. is a publicly traded American company specializing in software platforms for big data analytics. Founded in 2003, it has its headquarters in Denver, Colorado. The company was established by a group of visionaries, including Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Karp.

The Name “Palantir”: The company’s name draws inspiration from J.R.R. Tolkien’s epic fantasy novel, The Lord of the Rings. In Tolkien’s universe, a “palantír” (plural: “palantíri”) refers to an indestructible crystal ball used for communication and to observe events in distant parts of the world. The term combines Quenya words: “palan” (meaning “far”) and “tir” (meaning “watch over”).

1. Revenue Surge

Palantir's revenue skyrocketed, reaching a remarkable $634 million in the first quarter of 2024 alone. This represents a staggering 21% increase over the prior year and significantly surpasses their guidance.

Investors take note: the company's growth trajectory is nothing short of remarkable.

2. Record-Breaking Profit

In the three months ending March 31, 2024, Palantir achieved a historic milestone. Their quarterly profit hit $106 million—the largest in the company's twenty-year history. To put this into perspective, they now earn more profit in a single quarter than their annual revenue from just over a decade ago.

3. Operating Profit Surge

Operating profit surged from a mere $14.2 million a year ago to an impressive $186.2 million in the first half of 2024. This substantial increase demonstrates the company's ability to capitalize on its software platforms and AI-driven analytics.

4. Net Profit Growth:

Net profit soared more than 5 fold year on year, reaching an impressive $239.7 million. Palantir's commitment to innovation and data-driven solutions is paying off handsomely.

5. Strong Customer Base:

Palantir's customer base expanded significantly. The total customer count jumped 41% year on year, reaching 593 by the end of June 2024. Moreover, their commercial customer count surged by 55%, hitting 467. These numbers underscore the trust and demand for Palantir's cutting-edge analytics tools.

6. Lucrative Deals:

During the second quarter of 2024, Palantir closed a whopping 96 deals worth at least $1 million each. Among these, 27 deals were valued at a minimum of $10 million. These substantial contracts highlight the company's ability to secure high-value partnerships and drive growth.

In summary, Palantir's robust financials, expanding customer base, and strategic deals make it an enticing prospect for investors seeking exposure to the intersection of big data analytics and artificial intelligence. 📈💡

3. Domino’s Pizza (DPZ): A Slice of Success in the Global Market

When it comes to pizza, Domino’s is the undisputed heavyweight champion. With a staggering 20,900 stores spread across more than 90 markets worldwide, this pizza giant dominates the industry. But what makes Domino's truly remarkable? Let's dive into the numbers and see why investors should keep their eyes on this sizzling-hot stock.

1. Franchise Powerhouse

   - Domino's operates on a franchise model, where independent franchise owners account for a whopping 99% of its total stores. This decentralized approach ensures agility, adaptability, and rapid expansion.

   - Imagine being part of a global network of pizza entrepreneurs, all fueled by the same passion for delivering cheesy goodness to doorsteps. That's the Domino's magic.

2. Financial Fireworks

   In the first half of 2024 (1H 2024), Domino's reported impressive financials:

    - Revenue: A mouthwatering 6.5% year-on-year increase, reaching a delectable US$2.2 billion.

     - Operating Profit: A savoury 9% year-on-year climb, hitting a satisfying US$406.5 million.

     - Net Profit: A whopping 25.1% surge year-on-year, serving up a delightful US$267.8 million.

    - Free Cash Flow: A generous US$230.5 million, 12.8% higher than the previous year's dough.

     - Dividends: Investors, rejoice! A quarterly dividend of US$1.51, up nearly 25% from last year's slice.

3. Global Appetite:

   - Domino's isn't just about pepperoni and pineapple. Their US same-store sales grew by 5.2% in 1H 2024, while international stores saw a tasty 1.5% uptick.

   - And guess what? Over the past year, they've opened a net total of 868 stores (excluding Russia). That's like adding extra cheese to an already-loaded pizza!

4. Market Potential:

   - The quick-service restaurant (QSR) pizza industry is no small fry. It's a whopping US$94 billion market, and Domino's has a big slice of it.

   - As the world's appetite for pizza grows, Domino's is perfectly positioned to capitalize on this cheesy trend.

5. Guidance for the Future:

   Management isn't playing it safe. They've set ambitious targets:

   - Sales Growth: A mouthwatering 7% annually from 2024 to 2028.

   - Operating Profit: An 8%+ annual boost. That's like adding extra toppings to your investment returns!

Investors, grab a slice of the action! Domino's Pizza isn't just about dough; it's about delivering value, one cheesy slice at a time. 🚀🍕💰

Conclusion

In the dynamic realm of investing, identifying 3 standout US growth stocks that have recently reported impressive increases in revenue and profits becomes a strategic advantage. These upward price movements often serve as beacons, illuminating positive developments within companies and piquing investor curiosity. Whether you seek growth prospects or aim to curate a watchlist of promising stocks, paying heed to these milestones positions you at the forefront of market trends. By honing in on thriving businesses that command attention, you empower yourself to make well-informed investment choices.

In summary, these celestial alignments offer tantalizing investment opportunities. Investors must carefully weigh the potential rewards against associated risks and align their portfolios accordingly. 🌟📈🚀"

Happy Investing!