2018’s mid-year malaise has been made even sleepier by the fact that investors are not entirely sure how the Fed’s going to manage persistent inflation. Never even mind the lingering concerns of a potential trade war.
There are a few stocks that might just shrug off the summertime blues though. Granted, they are few and far between, but if a firm is able to prove it can grow rapidly even if the economy bumps into a headwind, traders just might gravitate to these names and push them higher.
1. Autodesk, Inc. (ADSK)
Year-to-date gain: +21.1%
Autodesk, Inc. (NASDAQ: ADSK) is not exactly a household name. But, to users of engineering and architectural software though, Autodesk isn't new. The company is responsible for a huge collection of computer-aided drafting and 3D modeling platforms — most of which are sold on a subscription basis.
Sales are predicted to improve by over 21% this year, and then rise to the tune of almost 28% in 2019. 2017’s loss of 48 cents per share should convert to a profit of 88 cents per share in 2018, and explode to $3.19 per share next year.