Here is Why Growth Investors Should Buy Ameriprise (AMP) Now

Core Viewpoint - Growth investors are attracted to stocks with above-average financial growth, but identifying such stocks can be challenging due to their inherent risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score helps identify promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - Ameriprise Financial Services (AMP) is currently recommended due to its favorable Growth Score and top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is crucial for attracting investor attention, with double-digit growth being particularly desirable [3] - Ameriprise has a historical EPS growth rate of 18.1%, with a projected EPS growth of 11.3% this year, surpassing the industry average of 8.7% [4] Group 3: Cash Flow Growth - Higher-than-average cash flow growth is essential for growth-oriented companies, allowing them to expand without relying on external funding [5] - Ameriprise's year-over-year cash flow growth is 7.9%, exceeding the industry average of 5% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 7.3%, compared to the industry average of 5.4% [6] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements [7] - There have been upward revisions in Ameriprise's current-year earnings estimates, with a 0.5% increase in the Zacks Consensus Estimate over the past month [8] Group 5: Overall Assessment - Ameriprise holds a Zacks Rank of 2 and a Growth Score of B, indicating its potential as an outperformer and a solid choice for growth investors [10]