The IBD Screen of the Day is a quick way to screen for a good growth stock. Several of these are market leaders that sometimes don't appear in other IBD screens.
The Global Leaders screen includes three stocks that are near buy points. These growth stocks are also backed by strong fundamental and technical ratings.
Vipshop Holdings is in consolidation with a buy point of 16.28, according to IBD MarketSmith. Shares have been trading along the 10-week moving average.
The tight action is yet another indication of a potential big move higher. The Chinese online discount retailer boasts near-perfect EPS and Relative Strength Ratings of 97. Its Composite Rating is 91. Earnings have grown 12% to 55% over the three most recent quarters, though sales have declined.
In the fourth quarter, sales of $4.6 billion fell 14% from the year-ago period, while earnings per share of 53 cents grew 27%. VIPS ranks third in the online retail group.
Vipshop offers discounts on branded apparel, home goods, footwear and accessories for online purchase. Fund ownership of the growth stock stands at 49% of shares outstanding.
Miniso Group is yet another China stock to watch. These ADRs are also in a consolidation and offer an entry at 19.59.
A perfect Relative Strength Rating of 99 underscore the stock's strength. The tight pattern is notable for this stock as well.
Sales declined while earnings grew over three quarters. In the fourth quarter, sales of $361.6 million showed a 17% decline, while earnings per share of 17 cents grew 57%.
Miniso offers design-led lifestyle products through a large network of stores. The stock leads the retail discount and variety group. Mutual funds own 42% of shares.
Specialty Insurer Shows Growth Stock Traits
Bermuda-based Arch Capital Group is attempting a break out at 72.38 in a flat base.
Near-perfect Composite and Relative Strength Ratings of 95 are points in its favor, while the EPS Rating of 85 is also strong. Fourth-quarter sales grew 33% to $3.07 billion, while earnings per share of $2.14 rose 69%.
Arch Capital offers property and casualty insurance, reinsurance and mortgage products. ACGL ranks first in the property casualty and title insurance group. Mutual funds own 63% of the growth stock. Institutional ownership has been growing over the past eight quarters, according to IBD MarketSmith.
