10 Best High Return Stocks of September 2024

Investors are always on the lookout for stocks that promise high returns, especially in the context of growth investing. Identifying the best growth stocks is crucial for those seeking to maximize their wealth over time. Growth stocks are companies that show higher-than-average growth in profits, revenue, or cash flow compared to their industry peers. These companies often lead their sectors by offering innovative products, services, or technologies that disrupt traditional markets. This article provides a detailed analysis of the best high return stocks of September 2024, focusing on those that are expected to deliver substantial growth in the coming years.

Why Growth Stocks?

Growth stocks are attractive because they represent companies with the potential for significant price appreciation. Typically, these companies reinvest their earnings into the business to fuel expansion, often leading to rapid increases in revenue and market share. Investors choose growth stocks to capitalize on these trends, with the expectation that as the company grows, so will its stock price.

In this article, we’ll explore ten high-return stocks that are poised for growth, discuss the best large-cap stocks to buy now, and look ahead to stocks that may boom in 2025. We’ll also examine the best-performing large-cap ETFs to provide a well-rounded investment strategy.

The Best High Return Growth Stocks of September 2024

1. The Vita Coco Company, Inc. (COCO)

5-Year Avg. Yearly EPS Forecast: 104.1%
Current 1-Year EPS: 313.6%
Sector: Consumer Staples
Summary: Vita Coco has established itself as a leader in the healthy beverage market, particularly with its popular coconut water products. The company’s strong earnings growth makes it one of the best growth stocks of 2024 and a top pick for investors seeking high returns.

2. Live Nation Entertainment, Inc. (LYV)

5-Year Avg. Yearly EPS Forecast: 80.3%
Current 1-Year EPS: 39.7%
Sector: Entertainment
Summary: Live Nation has seen a resurgence in demand for live events, concerts, and festivals post-pandemic. With a robust pipeline of events and strong earnings growth, LYV is well-positioned to continue its upward trajectory.

3. Nvidia Corporation (NVDA)

5-Year Avg. Yearly EPS Forecast: 46.5%
Current 1-Year EPS: 521.4%
Sector: Technology
Summary: Nvidia remains a dominant player in the semiconductor industry, particularly in AI and gaming. Its impressive earnings growth and innovative technology make it a top growth stock for 2024 and beyond.

4. Meta Platforms, Inc. (META)

5-Year Avg. Yearly EPS Forecast: 30.0%
Current 1-Year EPS: 115.4%
Sector: Communication Services
Summary: Meta, formerly known as Facebook, continues to lead in social media and digital advertising. The company’s investment in the metaverse and AI technologies is expected to drive future growth, making it a strong contender among growth stocks.

5. Full Truck Alliance Co. Ltd (YMM)

5-Year Avg. Yearly EPS Forecast: 29.0%
Current 1-Year EPS: 125.2%
Sector: Transportation
Summary: Full Truck Alliance is a leading digital freight platform in China, capitalizing on the growing demand for efficient logistics solutions. With strong earnings growth, YMM is a compelling investment in the transportation sector.

6. T-Mobile US, Inc. (TMUS)

5-Year Avg. Yearly EPS Forecast: 25.8%
Current 1-Year EPS: 139.4%
Sector: Telecommunications
Summary: T-Mobile has disrupted the telecommunications industry with its aggressive 5G rollout and expansion. The company’s growing subscriber base and earnings make it one of the best large-cap stocks to buy in 2024.

7. WillScot Mobile Mini Holdings Corp. (WSC)

5-Year Avg. Yearly EPS Forecast: 18.6%
Current 1-Year EPS: 12.5%
Sector: Real Estate
Summary: WillScot Mobile Mini offers modular space and portable storage solutions, catering to a wide range of industries. The company’s steady growth and expanding market presence position it well for long-term success.

8. Yelp Inc. (YELP)

5-Year Avg. Yearly EPS Forecast: 18.2%
Current 1-Year EPS: 220.4%
Sector: Internet Content & Information
Summary: Yelp continues to be a trusted resource for local business reviews and recommendations. With strong earnings growth, Yelp is a solid growth stock in the digital space, making it a top pick for 2024.

9. Skechers U.S.A., Inc. (SKX)

5-Year Avg. Yearly EPS Forecast: 15.1%
Current 1-Year EPS: 44.5%
Sector: Consumer Discretionary
Summary: Skechers continues to expand its global footprint with innovative product designs and strategic marketing. The company’s consistent earnings growth makes it a top pick in the consumer discretionary sector.

10. Insulet Corporation (PODD)

5-Year Avg. Yearly EPS Forecast: 14.9%
Current 1-Year EPS: 33,200.0%
Sector: Health Care
Summary: Insulet, known for its Omnipod insulin management system, has seen explosive growth. The company’s innovative medical devices and strong earnings trajectory make it a standout in the healthcare sector.

Methodology

This list of the best growth stocks of September 2024 was curated based on rigorous analysis of financial data, growth trends, and expert forecasts. The selection criteria included:

Strong forward growth expectations: Analysts expect at least 20% yearly EPS growth over the next five years, with growth next year exceeding 5%.
Historical growth trends: The company must have grown earnings by at least 20% over the last year, with current-year earnings expected to exceed 5%.
Financial health: Each company has a Morningstar financial health rating of A or B.
No share dilution: Companies must have a buyback yield of 0% or greater over the last year, indicating they are not issuing shares to finance growth.

What Are Large-Cap Stocks?

Large-cap stocks refer to companies with a market capitalization of over $10 billion. These companies are typically well-established with a solid track record of performance. Large-cap stocks are often considered safer investments compared to smaller companies due to their stability and consistent returns. For investors wondering, “What are the best large-cap stocks to buy?” large-cap stocks often offer a balanced mix of growth and income, making them suitable for a wide range of investment strategies.

Which Large-Cap Stocks Will Boom in 2024?

While the future is never certain, some large-cap stocks are well-positioned for growth in 2024. Companies in the technology, healthcare, and consumer discretionary sectors are expected to lead the charge, thanks to ongoing innovation and strong consumer demand. Stocks like Nvidia (NVDA), Meta Platforms (META), and T-Mobile (TMUS) are likely to see continued growth due to their market leadership and growth potential.

What Are the Best Performing Large-Cap ETFs?

Exchange-traded funds (ETFs) that focus on large-cap stocks offer a way to invest in a broad range of companies with a single purchase. Some of the best-performing large-cap ETFs in recent years include:

SPDR S&P 500 ETF Trust (SPY): Tracks the S&P 500 Index, offering exposure to 500 of the largest U.S. companies.
Vanguard Growth ETF (VUG): Focuses on large-cap growth stocks, including many of the top tech companies.
Invesco QQQ Trust (QQQ): Tracks the Nasdaq-100 Index, which includes 100 of the largest non-financial companies listed on the Nasdaq stock exchange.

These ETFs have consistently outperformed the broader market, making them attractive options for investors seeking exposure to large-cap growth stocks.

Which Stocks Will Boom in 2025?

Looking ahead to 2025, companies that continue to innovate and adapt to changing market conditions are likely to see substantial growth. Technology companies, particularly those involved in AI, cloud computing, and 5G, are expected to lead the way. Nvidia (NVDA), Tesla (TSLA), and Apple (AAPL) are among the stocks that are predicted to perform well due to their leadership in these cutting-edge industries.

Conclusion

Investing in high-return growth stocks can be a powerful strategy for building wealth over time. The ten stocks listed above are well-positioned for growth in 2024 and beyond, offering investors a mix of innovation, financial strength, and market leadership. Whether you’re looking for the best large-cap stocks to buy now or wondering which stocks will boom in 2025, this guide provides valuable insights to help you make informed investment decisions.