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Best Growth Stocks For 2021? 4 Names To Know

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Apr 08, 2021 (StockMarket.com via COMTEX) -- Looking For The Best Growth Stocks To Watch Today?

Growth stocks continue to retain investor interest in the stock market today . Despite their recent pullback in March, they have been picking up momentum again. By definition, growth stocks are stocks whose revenue and earnings are expected to increase at a faster rate than the average company. Investors who are looking to diversify their portfolios could consider adding these stocks given their long-term growth potential. Given how growth stocks can fall into any industry, tech stocks are prime examples. These stocks can range from software to semiconductors and artificial intelligence (AI). The sector also includes some of the largest market capitalizations in the world like Microsoft ( NASDAQ: MSFT ) and Amazon ( NASDAQ: AMZN ).

Even with the gains that the sector has enjoyed last year, these companies are certainly not resting on their laurels. Tech companies are continuously finding ways to innovate and refine their products. For instance, Nvidia ( NASDAQ: NVDA ) and AMD ( NASDAQ: AMD ) have released their next-generation GPUs and have received rave reviews for the leap in performance and value. The impact was so profound that the GPUs may have contributed to cryptocurrencies like Bitcoin reaching an all-time high recently. When investors invest in growth stocks, they would anticipate that they will earn money through capital gains when they eventually sell their shares in the future. With that in mind, here is a list of top growth stocks to consider adding to your portfolio.

Best Growth Stocks To Watch In Week

Walt Disney Company

Disney is a diversified multinational mass media and entertainment conglomerate. The company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise that includes Disney Parks, Experiences, and Products and also Disney Media & Entertainment Distribution (DMED).

Recently, the company has witnessed an incredible boom in its media and entertainment business. DMED in particular aligns technology, media distribution, and advertising sales into a single business segment that creates and delivers personalized entertainment experiences to consumers around the world. Its flagship service is dubbed Disney+. DIS stock currently trades at $188.00 a share as of Thursday's premarket trading session.

The company has been investing heavily into Disney+ and could certainly be one of the best growth stocks to come out from 2021. Capitalizing on its Marvel and Star Wars titles, the company certainly has a lot to build upon. Given the legion of fans and consumers that are eager to consume media that is related to its titles, Disney certainly has been firing on all cylinders. With that in mind, will you consider DIS stock as a top growth stock to watch?

[Read More] Looking For Hot Stocks To Buy? 4 IPO Stocks To Watch In 2021

Apple Inc.

Apple is a multinational technology company that is headquartered in California. The company develops and sells consumer electronics, software and has a plethora of online services. It has become a household name over the years for its flagship products like the iPhone and Apple Watch. The company has also reportedly been working on an electric car project codenamed Titan. The company's stock currently trades at $128.88 during Thursday's premarket trading session and has been up by over 80% in the last year.

In the company's most recent quarterly financials that were posted in January, Apple reported a record revenue and earnings per share. In detail, it posted all-time high revenue of $111.4 billion for the quarter, up by 21% year-over-year. The company also posted a quarterly earnings per diluted share of $1.68, up by 35% compared to a year earlier. International sales accounted for 64% of the quarter's revenue. Given the company's impressive financials, do you think AAPL stock is well-positioned for further growth?

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