The IBD Stock Screener is a great tool for picking growth stocks. Global chip leaders that are near buy points appear on the Global Leaders list, which can be found under the IBD Stock Lists tab of Stock Screener.
Here are some of the growth stocks you'll find on the list:
STMicroelectronics is near a 50.30 entry in a cup with handle, according to IBD MarketSmith. The base-on-base structure, which includes another cup with handle that goes back to November 2021, formed with support at the 200-day moving average.
STM boasts strong technical ratings and fundamental performance. Its Composite Rating of 97 matches its EPS Rating, while the RS Rating of 87 is adequate.
The company designs and makes integrated chips used in automobiles, sensors and power electronics. Strong sales and earnings growth over the past seven quarters is yet another point in favor of this growth stock. In the first quarter ended March 2023, sales of $4.2 billion showed 20% growth while earnings per share of $1.10 were up 39%. The company gave a midpoint guidance of $4.28 billion revenue for Q2.
ASML is another global leader that is just beyond the upper reaches of a buy zone from a 683.18 buy point. The buy zone goes up to 717.34. Shares broke out on May 15 from a cup with handle. The Dutch lithographer has a perfect Composite Rating of 99, while the EPS Rating of 95 and RS Rating of 91 are also impressive.
A strong March quarter saw sales grow 87% to $7.3 billion, while earnings per share of $5.37 were up a whopping 180%. The Dutch company makes lithography, metrology and inspection equipment used by the chip industry. ASML is on the IBD Leaderboard.
Growth Stock In Industrials Nears Buy Points
Some industrial names also appear in the Global Leaders list. Johnson Controls is in a long cup base with a 69.60 entry. Steady sales and earnings growth over the past seven quarters makes this stock a leader. The company makes electronic security and fire protection systems.
Pentair is in a buy zone from a cup with handle's 60.05 entry. The stock rose after a test of the 50-day line to break out on June 7.
Sales and earnings growth have tapered off in recent quarters for the pool and spa equipment maker. In the quarter ended March 2023, sales of $1 billion showed a 3% increase from the previous year, while EPS of 91 cents was up 7%. The growth stock also has solid technical ratings, with the Composite and RS Ratings at 91.
Tecnoglass is peeking above the buy zone from a cup's 49.06 entry. The buy zone goes up to 51.51. The growth stock is also an IBD 50 component. A perfect Composite Rating and EPS Rating of 99 are shows of strength, while the RS Rating is near-perfect at 98.
Strong sales and earnings growth over the past seven quarters make this stock a leader. Sales of $202.6 million grew 51%, while EPS of $1.08 was up 104%. The maker of architectural glass and aluminum accessories raised its full-year outlook with sales views of $810 million-$850 million. That represents 16% growth at the midpoint.
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