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What exactlyisa growth stock? Though it's arbitrary, I'll define a growth stock as any company forecast to grow profits by 10% or more annually during the next five years. To decide what's "cheap," I'll use the PEG ratio, which compares a company's price-to-earnings ratio to its future growth rate. Any figure around or below one could signal a cheap stock. Here are three companies that fit the bill. Fiat Chrysler Automobiles NV Generally, automakers aren't viewed as "growth stocks," but most investors probably haven't taken a good look at Fiat Chrysler Automobiles (NYSE: FCAU), which offers incredible growth potential in 2017 and beyond. Like most automakers, Fiat Chrysler has been plagued by industry analyst predictions that U.S. auto sales are peaking. With China's recent slowdown in GDP growth and Europe's ongoing growth concerns, the U.S.

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U.S. President-elect Donald Trump speaks during a news conference in the lobby of Trump Tower in Manhattan, New York City, U.S., January 11, 2017. REUTERS/Lucas Jackson President-elect Donald Trump aims to replace Obamacare with a plan that would envisage "insurance for everybody," he said in an interview with the Washington Post published on Sunday night. Trump did not give the newspaper specifics about his proposals to replace Democratic President Barack Obama's signature health insurance law, but said the plan was nearly finished and he was ready to unveil it alongside the leaders of the Republican-controlled Congress. The Republican president-elect takes office on Friday. "Its very much formulated down to the final strokes. We havent put it in quite yet but were going to be doing it soon," Trump told the Post, adding he was waiting for his nominee for health and human services secretary, Tom Price, to be confirmed. The plan, he said, would include "lower numbers, much lower deductibles," without elaborating. Were going to have insurance for everybody, Trump said. There was a philosophy in some circles that if you cant pay for it, you dont get it. Thats not going to happen with us. Trump was also quoted as saying in the interview that he would target pharmaceutical companies over drug pricing and insist they negotiate directly with the Medicare and Medicaid government health plans for the elderly and poor. U.S. House Republicans won passage on Friday of a measure starting the process of dismantling the Affordable Care Act, popularly known as Obamacare, despite concerns about not having a ready replacement and the potential financial cost of repealing the law.

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