TDR Capital International - Should You Keep an Eye on These 3 Growth Stocks?

KOWLOON, Hong Kong - Sept. 14, 2023 - PRLog -- When word broke that political leaders on both sides of the U.S. House of Representatives had struck an agreement to increase the debt ceiling? No matter what stage of the market cycle we're in, some people never get tired of looking for inexpensive stocks to purchase.

And who doesn't like a good deal? After all, the prospect of discovering a stock that triples from $1 to $3 per share or quintuples from 50 cents to $2.50 per share is alluring.

But are you aware of the particular obstacles and subtle hurdles that come with looking for inexpensive stocks to purchase for significant gains? Consider a few examples.

Zoom Video Communications

Consider Zoom Video (ZM) in 2020, one of the breakout stars of the 2020 coronavirus bear market.

When Zoom and many other institutional-quality companies broke out to new 52-week highs and launched beautiful rallies, they were trading at a "expensive" price. However, the quality of their companies, accelerated sales and profits growth, and strong purchasing by top-tier mutual funds all confirmed a premium in their share prices.

Kinross Gold Corporation

Kinross Gold (KGC) has been added to the IBD Stock Screener with a Composite Rating of 94 on a scale of 1 to 99. Meanwhile, the Relative Strength Rating of 89 has dropped three points but still rather high.

KGC shares are creating a new base after peaking at 5.57 in early May. Kinross has been on a steady slide since then. KGC corrected 18% from its previous low of 4.54.

Broadwind

Broadwind (BWEN) has not yet broken out, but a new base is growing. For the time being, keep an eye on BWEN to see if it can move close to an early entrance at 5.64.

The stock's Relative Strength Rating of 94 has dipped somewhat, but it remains strong. The Composite Rating should be monitored. It had risen to 85 from 81, but has now dropped to a disappointing 78. BWEN's Composite Rating might be improved.

The investment and asset management services of TDR Capital International Limited may be accessed at https://tdrcapital-intl.com. You and TDR Capital International work together to create a strategy for building and protecting your wealth.