Growth Stocks Like Tesla, Snap, Etsy Boost This ETF Nearly 100%

Led by a broad range of sectors, the Innovator IBD 50 Fund (FFTY) nearly doubled off its March 2020 lows through the end of last month.


Based on the IBD 50 list of top growth stocks, the ETF includes tech names like Tesla (TSLA), Snap (SNAP) and Square (SQ), as well as building sector stock Atkore (ATKR), steel producer Cleveland-Cliffs (CLF) and power generator leader Generac (GNRC).

Retailers and home furnishings plays like Etsy (ETSY) Floor & Decor (FND), At Home (HOME) and Lovesac (LOVE) are also among the top growth stocks.

Allowing investors to own a basket of leaders — rebalanced and updated weekly — the FFTY ETF also covers medical stocks like InMode (INMD) and Inari Medical (NARI).

Growth Stock Near Buys Before And After Earnings

With earnings season in full swing, there’s no shortage of IBD 50 stocks to buy and watch near buy zones that have either already released their latest quarterly number or are on deck to report.

Top stocks near a buy zone that have already reported include Tesla stock, Snap stock, GNRC, MarineMax (HZO), Jefferies Financial (JEF) and Evercore (EVR).

With earnings due this week, Floor & Decor, HubSpot (HUBS) and Cloudflare (NET) are also setting up new chart patterns and are near potential breakouts.

Etsy stock also falls into this camp, although it has fallen below its 10-week moving average as it bases ahead of earnings on Wednesday. Analysts expect Etsy to deliver a 740% EPS spike in its next report.

Top Mutual Funds Buy Into IBD 50 Growth Stocks Like TSLA, SNAP

Strong institutional sponsorship is one of seven common traits of winning growth stocks. So it’s no surprise that many of the leaders on the FFTY ETF and IBD Stock Lists share many of those same characteristics.

Many of the best mutual funds on the IBD Mutual Fund Index own Tesla stock, Snap stock, Square stock, Etsy, HubSpot and Generac — just to name a few of the top growth stocks in the IBD 50.

Earnings growth and strong support among top money managers are two of the key factors in identifying the best stock picks. But to help ensure success, also be sure to track general stock market trends, learn how to read stock charts and follow the fundamental rules for how to invest in stocks.

Innovator IBD 50 ETF

The Innovator IBD 50 ETF from Innovator Capital Management tracks stocks on the IBD 50 list of leading growth stocks. As with other index ETFs, this allows you to essentially invest in the entire index in addition to or rather than buying individual stocks. Learn more about the Innovator IBD 50 ETF and Innovator funds.

Follow Matthew Galgani on Twitter at @IBD_MGalgani.


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