2023-05-02 05:16:00 ET
Successful investing in growth stocks doesn't have to be mystifying. It boils down to finding multiple (a few dozen would be ideal) great and growing businesses operating in numerous economic sectors and investing in them all. Investors can sometimes accelerate their gains by including a few under-the-radar growth stocks in their lists.
Molina Healthcare (NYSE: MOH) isn't yet a household name among growth investors. But it is gaining a reputation for strong growth, and it's reaching a point where more and more investors are taking notice. Let's dig into Molina Healthcare's fundamentals and valuation to see whether this under-the-radar stock should make the cut.
With the rise of chronic medical conditions, like diabetes and cancer, more individuals see a need for health insurance to help manage the ongoing cost. It's also part of why market research company Facts and Factors expects the global health insurance industry to see compound annual growth of 9.5%, from $2.1 trillion in 2021 to $3.6 trillion by 2028.
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Is This Under-the-Radar Stock a Buy for Growth Investors?