3 Cheap Mid-Cap Stocks That Will Make Early Investors Filthy Rich

Core Insights - Mid-cap stocks, valued between $2 billion and $10 billion, present significant growth potential and affordability for investors seeking long-term wealth [1] Group 1: Sterling Infrastructure (STRL) - Sterling Infrastructure specializes in transportation, civil construction, and e-infrastructure solutions, with a robust backlog and diversified project portfolio [2] - The company reported a 9% year-over-year increase in revenue to $440 million in Q1 FY24, with EPS rising by 56% to $1.00 per share and cash flow from operations at $50 million [3] - Their backlog reached a record $2.35 billion, driven by strong demand in data center and aviation markets, positioning STRL for continued growth in 2024 [3] Group 2: Science Applications International (SAIC) - SAIC has shown considerable growth, with a 334% return to shareholders over the last decade, outperforming the S&P 500 [5] - In FY24, revenue decreased by 3% year-over-year to $7.4 billion, but EPS increased by 65% to $8.88 per share, with a backlog of $22.8 billion [5] - The updated FY25 guidance reflects higher revenue and free cash flow generation, indicating strong future growth potential [4] Group 3: ACM Research (ACMR) - ACM Research is a leading provider of semiconductor cleaning equipment, benefiting from the rapid growth of the global semiconductor industry [6] - The company reported a more than doubled revenue year-over-year to $152 million in Q1 FY24, with EPS increasing by 136% to 26 cents per share [7] - Total shipments in Q1 FY24 were up 175%, driven by an expansion in product offerings, indicating a strong outlook for 2024 [7]