Looking for a Growth Stock? Why It is Time to Focus on Facebook (FB)

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, they can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is

Facebook, Inc

.

FB

. This firm, which is in the Internet – Services industry, saw EPS growth of 56.92% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 29.38%. Furthermore, the long-term growth rate is currently an impressive 20.13%, suggesting pretty good prospects for the long haul.


Facebook, Inc. Price and Consensus

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 15.29%. Thanks to this rise in earnings estimates, FB has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company. You can see


the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here


.

So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider FB. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for FB as well.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.



See 3 crypto-related stocks now >>

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