Taiwan Semiconductor Manufacturer Co (TSM - Free Report) , is the world's largest dedicated integrated circuit foundry. This stock is a Zacks #1 Rank, Strong Buy with a Momentum score of ‘A’. It’s in the top 1% of its industry. The long-term earnings growth rate for this top ranked, technology sector stock is pegged at just over 10%. The company reported robust Q3 earnings. This firm recently became the most valuable semiconductor company in the world, replacing the long-standing industry leader Intel. TSM is a foundry, which manufactures semiconductors for some of the biggest names in the industry.
Yeti Holdings, Inc. (YETI - Free Report) , designs, markets and distributes products for the outdoor and recreation market under YETI brand primarily in the United States. Another of Zacks #1, Strong Buy, stocks. Both YETI’s top and bottom line beat the Zacks Consensus Estimate recently. Net sales and adjusted EPS both jumped by double digits year-over-year. The company raised its fiscal 2019 guidance, and now expects EPS to reflect double digit growth going forward. Earnings estimates have been rising too.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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