3 Top Ranked Stock to Buy on this Pullback (FLUT, GRMN, PLMR)

Market Overview - Market volatility has increased recently, leading to significant declines in many high-growth stocks, including Palantir, Applovin, Amazon, and Alphabet [1] - The current correction is likely a temporary pullback rather than the beginning of a prolonged downturn, based on the broader fundamental backdrop [1] Investment Opportunities - Identifying stocks that are outperforming the market during this volatility can help investors find potential future leaders [2] - Stocks demonstrating relative strength in turbulent times often become top performers once the market stabilizes [2] Company Highlights Flutter Entertainment - Flutter Entertainment, the largest online betting company globally, operates the popular sports betting platform FanDuel and has a diverse portfolio of online gambling brands [4] - The company holds a Zacks Rank 1 (Strong Buy), with sales expected to rise by 18.6% this year and 18.4% next year, while earnings are projected to increase by 43% in 2024 and 82.4% in 2025 [5] - Flutter's stock is reasonably valued at a forward earnings multiple of 29.8x, with a PEG ratio of 0.57, indicating attractive valuation relative to its growth potential [6] - The global sports betting market's rapid expansion and Flutter's dominance in key regions suggest substantial upside for long-term investors [7] Palomar Holdings - Palomar Holdings operates in the insurance sector, providing a steady business model with consistent cash flows and essential services [8] - The company also holds a Zacks Rank 1 (Strong Buy), with revenue growth projected at 36.2% this year and 24% next year, while earnings are expected to rise by 28.5% and 19.5%, respectively [9] - Palomar trades at a forward earnings multiple of 18.6x, making it attractively valued compared to its growth potential and the broader industry [9] - The combination of strong price momentum, reasonable valuation, and rising earnings estimates makes Palomar a compelling investment option [10] Garmin - Garmin is a leading provider of GPS navigation and wearable technology, with a diverse portfolio across various markets [11] - The company holds a Zacks Rank 1 (Strong Buy), with earnings per share projected to grow by 21.6% annually over the next three to five years [12] - Garmin has a strong track record, having missed earnings estimates only once in the past five years, and is expected to deliver another earnings beat based on its Zacks Earnings ESP of 6.15% [15] - With solid fundamentals and a history of exceeding expectations, Garmin presents a compelling stock for investors seeking stability and growth [15] Conclusion - In the current volatile market, Garmin, Palomar Holdings, and Flutter Entertainment have shown resilience, supported by strong fundamentals and favorable analyst sentiment, making them attractive investment options for those seeking a mix of stability and growth [16]