Undiscovered Gems in United States Stocks To Watch This August 2024

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The market has been flat over the last week but has risen 22% in the past 12 months, with earnings forecast to grow by 15% annually. In this dynamic environment, identifying undiscovered gems can offer substantial growth potential for investors looking to capitalize on emerging opportunities.

Top 10 Undiscovered Gems With Strong Fundamentals In The United States

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Morris State Bancshares

10.20%

-0.32%

6.73%

★★★★★★

River Financial

122.41%

16.43%

18.50%

★★★★★★

Teekay

NA

-6.48%

55.79%

★★★★★★

Mission Bancorp

25.37%

16.23%

20.16%

★★★★★★

Omega Flex

NA

1.31%

3.88%

★★★★★★

First Northern Community Bancorp

NA

7.12%

10.04%

★★★★★★

United Bancorporation of Alabama

13.34%

18.86%

25.45%

★★★★★☆

Planet Image International

119.30%

2.39%

0.80%

★★★★★☆

Valhi

38.71%

2.57%

-19.76%

★★★★★☆

FRMO

0.17%

12.99%

23.62%

★★★★☆☆

Click here to see the full list of 221 stocks from our US Undiscovered Gems With Strong Fundamentals screener.

We're going to check out a few of the best picks from our screener tool.

Republic Bancorp

Simply Wall St Value Rating: ★★★★★★

Overview: Republic Bancorp, Inc. is a bank holding company for Republic Bank & Trust Company, offering a range of banking products and services in the United States with a market cap of approximately $1.24 billion.

Operations: Republic Bancorp generates revenue primarily from Core Banking - Traditional Banking ($223.15 million), Republic Credit Solutions ($39.93 million), and Tax Refund Solutions ($22.68 million). The company also earns from Warehouse Lending ($9.91 million) and Republic Payment Solutions ($17.85 million).

Republic Bancorp, with total assets of US$6.6 billion and equity of US$955.4 million, has demonstrated robust performance metrics. Total deposits stand at US$5.1 billion while loans are at US$5.2 billion, earning a net interest margin of 4.9%. The company has a sufficient allowance for bad loans at 0.4% and repurchased 3,115,362 shares worth US$111.92 million this year alone. Earnings grew by 10.8% over the past year and are forecasted to grow revenue by 11% annually moving forward.

NasdaqGS:RBCA.A Debt to Equity as at Aug 2024
NasdaqGS:RBCA.A Debt to Equity as at Aug 2024

Tennant

Simply Wall St Value Rating: ★★★★★★

Overview: Tennant Company, along with its subsidiaries, designs, manufactures, and markets floor cleaning equipment globally and has a market cap of approximately $1.81 billion.

Operations: Tennant generates $1.26 billion from the design, manufacture, and sale of products used in the maintenance of nonresidential surfaces.