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So far in April, the SPDR S&P 500 Growth ETF (SPYG) has gained 7.7%, compared to a 4.2% gain for the SPDR S&P 500 Value ETF (SPYV). With many parts of the country already opened up, much of the pent-up demand is likely priced into the market. On the other hand, growth stocks appear to be gaining momentum, as evidenced by SPYG’s ETF Trade Grade of A in our POWR Ratings system.
While a diversified growth ETF may have played well last year, we need to be more selective this year as not all growth stocks will see their shares increase. That’s why I ran a screen for the top growth stocks in our POWR Rating system, with a Growth Grade of A and a Momentum Grade of A. This gives us the best of both worlds: top-ranked growth stocks exhibiting price strength. Here are my top three: Corning Incorporated (NYSE:GLW), Whirlpool Corporation (NYSE:WHR), and Louisiana-Pacific Corporation (LPX).
