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However, investors need to be mindful of heightened valuations which is why they should consider a GARP strategy. GARP stands for growth at a reasonable price. This strategy entails investing in stocks that have the potential for growth and trading at discount prices. These stocks can offer quick profits over the near term.
To find GARP stocks with near-term potential, I ran a screen using our POWR Ratings system to find stocks with an overall rating of Buy or Strong Buy, a Growth Grade of A or B, a Value Grade of A or B, and a five year expected EPS growth rate of 20% or higher. I narrowed down that list to three stocks I feel have the best prospects, which include Westlake Chemical Corporation (WLK), ManpowerGroup (MAN), AutoNation, Inc. (AN).
