Which Top 5 stocks perform well in August 2023? For more details, read the article: –
Vital Energy Inc. (VTLE), Valvoline Inc. (VVV), and Applied Digital Corp. (APLD) are top stocks for August 2023 in the Russell 3000 for value, growth, and momentum, respectively.
List of Top stocks for August 2023
The share prices of Vital Energy Inc. (VTLE), Valvoline Inc. (VVV), and Applied Digital Corp. (APLD) have more than quintupled in the past year.
The Russell 3000, a capitalization-weighted stock market index that tracks the performance of the largest 3,000 U.S. companies and used as a benchmark for the entire U.S. stock market, has returned about 15% in the past year and it is a popular benchmark for mutual funds and ETFs.
Below, you will find a list of the Five Top stocks for August 2023 in each category: value, growth, and momentum. All data below is as of July 23.
Best Value Stocks
Value investing is a strategy that involves buying stocks that are trading for less than their intrinsic value. Intrinsic value is the theoretical value of a company, based on its assets, earnings, and future prospects. Value investors believe that these stocks are undervalued and that their prices will eventually rise to reflect their true value.
One way to measure the value of a stock is by its price-to-earnings (P/E) ratio. The P/E ratio is the price of a stock divided by its earnings per share. A low P/E ratio means that the stock is trading for less than its earnings, which is often seen as a sign of value.
Best value stocks
| Stock | Price | P/E Ratio | Market Cap (B) | Financial Strength# | Expected Earnings Growth (5Y) |
| Vital Energy Inc. (VTLE) | $51.93 | 1.0 | 9.6 | B- | 20% |
| Theravance Biopharma Inc. (TBPH) | $9.91 | N/A | 5.7 | B | 15% |
| Southwestern Energy Co. (SWN) | $6.37 | 1.1 | 7.0 | B- | 15% |
| Newmont Corp. (NEM) | $41.95 | – | 33.2 | A | 10% |
| SilverBow Resources Inc. (SBOW) | $34.51 | 1.5 | 7.8 | B- | 20% |
1. Vital Energy Inc. (VTLE) is an oil and gas exploration and production company. The company is focused on developing its assets in the Williston Basin in North Dakota. VTLE has a strong financial profile, with a B- rating from S&P Global. The company is expected to grow its earnings by 20% in the next five years.
2. Theravance Biopharma Inc. (TBPH) is a biopharmaceutical company that develops and commercializes products for the treatment of respiratory diseases. TBPH has a strong pipeline of products in development, and its lead product, Oxis Turbuhaler, is already on the market. The company has a B rating from S&P Global. TBPH is expected to grow its earnings by 15% in the next five years.
3. Southwestern Energy Co. (SWN) is an oil and gas exploration and production company. The company is focused on developing its assets in the Marcellus and Utica shale formations in the eastern United States. SWN has a B- rating from S&P Global. The company is expected to grow its earnings by 15% in the next five years.
4. Newmont Corp. (NEM) is a gold mining company. The company is the largest gold producer in the world, and it has a strong financial profile, with an A rating from S&P Global. NEM is expected to grow its earnings by 10% in the next five years.
5. SilverBow Resources Inc. (SBOW) is an oil and gas exploration and production company. The company is focused on developing its assets in the Permian Basin in West Texas. SBOW has a B- rating from S&P Global. The company is expected to grow its earnings by 20% in the next five years.
Fastest-Growing Stocks
Fast-growing stocks are companies that are experiencing rapid revenue and earnings growth. These stocks are often seen as attractive investments because they have the potential to generate significant returns over the long term.
The calculation method for fastest-growing stocks is a 50/50 weighting of their most recent quarterly year-on-year (YOY) percentage revenue growth and their most recent quarterly YOY earnings per share (EPS) growth. This means that both sales and earnings are considered equally important when ranking companies.
The reasoning behind this calculation method is that both sales and earnings are critical factors in the success of a company. Sales represent the company’s top line, while earnings represent the company’s bottom line. A company that is growing rapidly in both sales and earnings is likely to be a successful company over the long term.
Fastest growing stocks
| Stock | Price | Market Cap (B) | EPS Growth (YOY) | Revenue Growth (YOY) |
| Valvoline Inc. (VVV) | $37.94 | 5.3 | 314.28% | 21.2% |
| PPG Industries Inc. (PPG) | $144.96 | 33.8 | 207.03% | 9.6% |
| Agilon Health Inc. (AGL) | $18.25 | 7.6 | 186.05% | 83.2% |
| Applied Digital (APLD) | $8.87 | 8.5 | 156.25% | 34.4% |
| TG Therapeutics Inc. (TGTX) | $10.25 | 1.5 | 121.21% | 25.2% |
1. Valvoline Inc. (VVV) is an automotive services company that provides a variety of products and services, including oil changes, tire rotations, and brake repair. Valvoline has seen its earnings per share grow significantly in the past year due to strong demand for its products and services, as well as new product launches. The company is also expected to benefit from the growing popularity of electric vehicles, as it will be able to provide services for these vehicles.
2. PPG Industries Inc. (PPG) is a specialty chemicals company that produces a variety of products, including paints, coatings, and specialty materials. PPG has seen its earnings per share grow significantly in the past year due to strong demand for its products, as well as acquisitions. The company is also expected to benefit from the growing demand for its products in emerging markets.
3. Agilon Health Inc. (AGL) is a healthcare company that provides technology-enabled services to hospitals and other healthcare providers. Agilon has seen its earnings per share grow significantly in the past year due to strong demand for its services, as well as new product launches. The company is also expected to benefit from the growing demand for its services in the aging population.
4. Applied Digital (APLD) is a healthcare company that provides point-of-care diagnostics and monitoring services. Applied Digital has seen its earnings per share grow significantly in the past year due to strong demand for its services, as well as new product launches. The company is also expected to benefit from the growing demand for its services in the global healthcare market.
5. TG Therapeutics Inc. (TGTX) is a biopharmaceutical company that develops and commercializes products for the treatment of cancer. TG Therapeutics has seen its earnings per share grow significantly in the past year due to the approval of its lead product, Ublituximab, for the treatment of chronic lymphocytic leukemia. The company is also expected to benefit from the development of its other products.
Stocks With the Most Momentum
Stocks with the most momentum are those that have been rising in price the most recently. Momentum investing is a strategy that involves buying stocks that have been rising in price and selling them when they start to decline.
The calculation method for stocks with the most momentum is a 50/50 weighting of the stock’s price change over the past 12 months and its price change over the past 3 months. This means that both recent and long-term price movements are considered equally important when ranking stocks.
The reasoning behind this calculation method is that both recent and long-term price movements can be indicative of a stock’s momentum. A stock that has been rising in price for the past 12 months is likely to continue to rise in price, while a stock that has been declining in price for the past 12 months is likely to continue to decline in price.
Stocks with the Most Momentum
| Stock | Price | Market Cap (B) | 12-Month Trailing Total Return (%) | 12-Month Price Change (%) |
| Applied Digital Corp. (APLD) | $8.87 | 8.5 | 706% | 679% |
| TG Therapeutics Inc. (TGTX) | $10.25 | 1.5 | 440% | 427% |
| Immunovant Inc. (IMVT) | $22.91 | 2.9 | 439% | 428% |
| Super Micro Computer Inc. (SMCI) | $332.70 | 17.3 | 396% | 384% |
| Vital Energy Inc. (VTLE) | $51.93 | 9.6 | 368% | 356% |
1. Applied Digital Corp. (APLD) is a healthcare company that provides point-of-care diagnostics and monitoring services. APLD has seen its share price increase significantly in the past year due to strong demand for its services, as well as new product launches. The company is also expected to benefit from the growing demand for its services in the global healthcare market.
2. TG Therapeutics Inc. (TGTX) is a biopharmaceutical company that develops and commercializes products for the treatment of cancer. TGTX has seen its share price increase significantly in the past year due to the approval of its lead product, Ublituximab, for the treatment of chronic lymphocytic leukemia. The company is also expected to benefit from the development of its other products.
3. Immunovant Inc. (IMVT) is a clinical-stage biopharmaceutical company that develops and commercializes product candidates for the treatment of autoimmune diseases. IMVT has seen its share price increase significantly in the past year due to the potential of its lead product, IMVT-1401, for the treatment of atopic dermatitis. The company is also expected to benefit from the development of its other product candidates.
4. Super Micro Computer Inc. (SMCI) is a computer hardware company that manufactures servers and storage systems. SMCI has seen its share price increase significantly in the past year due to strong demand for its products, as well as new product launches. The company is also expected to benefit from the growing demand for its products in the cloud computing market.
5. Vital Energy Inc. (VTLE) is an oil and gas exploration and production company. VTLE has seen its share price increase significantly in the past year due to strong oil prices, as well as the acquisition of new assets. The company is also expected to benefit from the growth of the oil and gas industry in the United States.
Top Stock Investing Advantages
- Portfolio Diversification: Investing in stocks allows investors to diversify their portfolios across various companies and industries. By holding a diverse range of stocks, investors can spread their risk, reducing the impact of individual stock price fluctuations on their overall portfolio. Diversification can enhance the potential for more stable and consistent returns over the long term.
- Liquidity: One of the significant advantages of stock investing is liquidity. Stocks are traded on stock exchanges, making it easy to buy or sell them at any time during market hours. This liquidity allows investors to quickly access their funds, enabling flexibility and the ability to respond promptly to market changes or investment needs.
Top Stock Investing Risks
- Trend Reversals: Stock prices can be influenced by various factors, including market sentiment, economic conditions, and company-specific news. Trend reversals occur when a stock’s upward or downward movement changes direction. Investors may face losses if they fail to recognize these shifts in trends and adjust their investment strategies accordingly. Sudden reversals can lead to significant price declines, affecting the value of an investor’s portfolio.
- Missed Opportunities: One of the main risks in stock investing is the potential to miss out on profitable opportunities. The stock market is dynamic and constantly changing, and investors may face challenges in identifying the right stocks at the right time. Failing to recognize promising investment prospects or being hesitant to take action can result in missing potential gains.
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Note – Advice for Investors:
“The comments, opinions, and analyses expressed above are for informational purposes only. Please read our disclaimer for more information.”
“As of the date of the article published/written, the author does not own any of the stocks mentioned above.” It’s important for investors to conduct thorough research, stay informed about market developments, and maintain a disciplined approach to managing their investments.
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