The best source to find out which stocks are leading the market these days is Investors Business Daily (IBD). We favor the approach behind William O'Neil's CANSLIM formula, and fortunately IBD updates and publishes a list of these best growth stocks every day. It's called their Sector Leader list. In today's paper (April 27 edition), this list is on page B6. There are 14 stocks on it. They are:
Akorn Inc (AKRX)
Autohome Inc (ATHM)
Envestnet Inc (ENV)
Fleetcor Technologies (FLT)
Fleetmatics Group (FLTX)
Jazz Pharmaceuticals (JAZZ)
Lannett Company (LCI)
Linked In (LNKD)
Luxoft Holding (LXFT)
Palo Alto Networks (PANW)
Paycom Software (PAYC)
Synaptics Inc (SYNA)
Synchronoss Technologies (SNCR)
Ulta Salon (ULTA)
Collectively, these 14 stocks have returned 9.2% year to date, vs the S&P 500 which has returned 2.6% YTD (through Friday's close of April 24). How did these stocks make the IBD Sector Leader list? By a screening process which takes into account all of the CANSLIM criteria. All of these stocks have already performed spectacularly in the recent past. That's why they are on this list.
But how do we find these type of stocks BEFORE they make the IBD Sector Leader list? That is our goal here at Growth Stock Leaders.
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