by The financial district concluded a very prosperous June following a strong performance in May. The three main stock indices — the Dow, the S&P 500, and the Nasdaq Composite — increased by 4%, 5%, and 6% respectively. Optimism regarding significant trade agreements, the truce in the Middle East, and predictions of additional interest rate reductions in the latter part of 2025 boosted investor confidence.
The trend is expected to remain strong in July, backed by positive economic indicators. The ISM (Institute of Supply Management) manufacturing and services purchasing managers’ index (PMI) for June exceeded expectations. Factory orders, which include both durable and non-durable goods, increased in May following a decline in April.
Ultimately, job growth in June remained strong, significantly exceeding the consensus forecast, which reduced the likelihood of an imminent recession. Additionally, the combined total for May and April rose by 11,000. The unemployment rate fell to 4.1% in June, compared to 4.2% in May.
Currently, we suggest five growth stocks to consider in July. Growth investors typically concentrate on companies showing strong earnings or revenue expansion, which is expected to drive their stock values upward in the future.
These stocks are: AppLovin Corp. APP, Intuit Inc. INTU, monday.com Ltd. MNDY, Credo Technology Group LimitedCRDO and Gold Fields Ltd.GFI. Every one of our selections has a Zacks Rank #1 (Strong Buy) and an A-rated Growth Score. You can viewthe full list of today's Zacks #1 ranked stocks here.
The graph below illustrates how the prices of our five selected items have changed over the last month.
Image Credit: Zacks Investment Research
AppLovin Corp.
AppLovin is focused on creating a software-driven platform for mobile application developers to improve the promotion and revenue generation of their apps both in the United States and around the world. APP offers a technological platform that allows developers to market, generate income from, analyze, and distribute their applications.
AppLovin's most recent financial reports highlight its solid foundation and future growth prospects. The launch of APP's AI-driven AXON 2.0 technology, along with strategic growth in gaming studios, has greatly enhanced revenue expansion. Additionally, APP's AI-powered Audience+ marketing platform is broadening its presence in the direct-to-consumer and e-commerce sectors.
AppLovin is projected to see a 16% increase in revenue and an 85.2% rise in earnings this year. The Zacks Consensus Estimate for this year's profits has gone up by 0.4% over the past 30 days.
Intuit Inc.
Intuit has been experiencing consistent income from the Online Ecosystem and Desktop divisions. The company's positive growth in Online Services revenue is supported by the strong results of Mailchimp, payroll, and Money, which encompasses payments, capital, and bill payment services.
Intuit's AI-driven "Intuit Assist" offers a financial assistant that delivers tailored insights and suggestions, embedded within platforms such as TurboTax, Credit Karma, QuickBooks, and Mailchimp, with the goal of supporting the financial achievements of small businesses and individuals.
The Credit Karma division of INTU is seeing positive results from strong performance in Credit Karma Money, credit cards, auto insurance, and personal loans. INTU's approach of transitioning its operations to a cloud-based subscription model is expected to lead to consistent revenue over time. The cloud sector is a thriving area within the technology industry and has been experiencing growth in recent years.
Intuit is projected to see a revenue growth of 11.7% and an earnings growth of 13.7% in the upcoming year, which concludes in July 2026. The Zacks Consensus Estimate for next year's earnings has increased by 4.6% over the past 60 days.
monday.com Ltd.
Monday.com creates software applications in the United States, Europe, the Middle East, Africa, and around the globe. MNDY offers Work OS, a cloud-based visual work operating system made up of modular components that are utilized and combined to build software applications and work management tools.
MNDY provides product solutions for work management, sales CRM, software development, business development, pre-sales, and customer success. MNDY works with organizations, educational or government institutions, and specific business units within a company.
Monday.com is projected to have a revenue growth rate of 25.6% and an earnings growth rate of 8.3% for the current year. The Zacks Consensus Estimate for this year's earnings has increased by 1.9% over the past 30 days.
Credo Technology Group Limited
Credo Technology offers advanced serial connectivity options for hyperscale data centers, 5G networks, enterprise IT infrastructure, artificial intelligence, and high-performance computing sectors.
CRDO's offerings consist of HiWire active electrical cables, optical digital signal processors, low-power line card PHY components, serializer/deserializer (SerDes) chiplets, and SerDes IP, along with integrated circuits and active electrical cables. CRDO also provides intellectual property solutions through SerDes IP licensing.
CRDO distributes its offerings to large-scale data centers, original equipment manufacturers, original design manufacturers, and optical module producers, along with the enterprise and high-performance computing sectors.
Credo Technology is projected to experience a revenue and earnings growth rate of 85.8% and over 100%, respectively, this year. The Zacks Consensus Estimate for this year's earnings has increased by 37% over the past 60 days.
Gold Fields Ltd.
Gold Fields functions as a gold mining company, possessing reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. GFI also conducts exploration for copper and silver deposits.
Gold Fields is projected to see a 71% increase in revenue and a 93.9% rise in earnings this year. The Zacks Consensus Estimate for this year's profits has risen by 9.4% over the past 30 days.
This piece was first released on Zacks Investment Research (Tech Bytes Lab).
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