Growth Stocks to Watch - March 22nd

March is here, and investors are keeping an eye on some key growth stocks that could be promising opportunities. Notably, BlackRock, Welltower, and Blackstone are currently highlighted as three growth stocks to consider. Growth stocks are typically shares in companies expected to expand at rates significantly higher than the market average, often stemming from innovation or an expanding market presence.

These companies usually reinvest their earnings back into the business for further growth rather than paying out dividends. Because of this, investors often look for potential capital appreciation with these stocks. Recently, these companies have shown the highest dollar trading volume among growth stocks.

BlackRock (BLK)

BlackRock, Inc. is a leading investment management firm that offers services to a range of institutional, intermediary, and individual investors. Its clientele includes pension plans, insurance companies, mutual funds, endowments, and government entities. As of mid-day trading on Friday, BlackRock's stock dipped by $3.74, settling at $950.43, with over 5 million shares exchanged compared to the usual average of 628,344. The stock's one-year range is from a low of $745.55 to a peak of $1,084.22, indicating significant past volatility. With a market cap of $147.56 billion, the stock operates with a price-to-earnings (P/E) ratio of 22.63 and has shown resilience with a beta of 1.28.

Welltower (WELL)

Welltower Inc., classified as a real estate investment trust (REIT) and part of the S&P 500 companies, is transforming health care infrastructure. Headquartered in Toledo, Ohio, Welltower collaborates with top operators in senior living and health care systems to enhance facilities that improve health care delivery and wellness experiences. As of the same trading day, Welltower’s stock fell by $1.05, landing at $146.84, surpassing its average trading volume significantly with nearly 12.8 million shares exchanging hands. The stock has fluctuated between $87.87 and $158.55 in the past year, boasting a market cap of $94.17 billion.

Blackstone (BX)

Blackstone Inc. stands out in alternative asset management, focusing on areas like real estate, private equity, and credit. The firm often supports early-stage businesses and provides a variety of capital markets services. On Friday, Blackstone's stock saw a minor decline of $0.10, settling at $148.65. The trading volume was over 8.3 million shares, compared to an average of 3.27 million. The stock is priced with a market cap of $108.43 billion and has a P/E ratio of 40.95, with volatility reflected in a beta of 1.55. Over the past year, Blackstone's stock has ranged between $115.82 and $200.96.

Investors should keep these growth stocks on their radar as they navigate the stock market. With innovative strategies and a focus on capital appreciation, BlackRock, Welltower, and Blackstone may present appealing investment opportunities.

Growth, Stocks, Investment