Best Shares To Invest In Right Now – The summer months are typically a quiet time for Wall Street, but strong investment opportunities never cease. Anyone who is bullish over the next few weeks may be missing out on some of the best stocks to invest in right now.
Apple stock is trading at an all-time high, but may be one of the top 5 stocks to invest in right now. The iPhone maker’s holdings were confirmed when the company held its annual Worldwide Developers Conference (WWDC) on June 22.
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Apple has confirmed what many have been waiting for: the switch to powering its products with Intel chips. Apple CEO Tim Cook said during the presentation that it was a “huge step forward” and was specifically designed to provide high performance and low power consumption.
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But the best is yet to come for Apple. A 5G-compatible iPhone 12 could be enough for 350 million iPhone users to upgrade their phones. That’s important for Apple’s stock because previous iPhone releases have fallen short of expectations, perhaps because many consumers feel the incremental upgrades aren’t worth the price of a new phone.
In addition to launching new products, Apple’s strengthened balance sheet is unmatched by most other companies. With organic growth at zero, analysts at RBC Markets believe Apple can continue its share buyback pace until mid-2023. The math behind this is an annual compounded income growth rate of 3.5% over the coming years.
Apple ( AAPL ) closed the last trading session at $364.84, just 2% above its 52-week high of $372.38 and 89% below its 52-week high of $192.58. Although AAPL stock may be headed for a near-term comeback, long-term investors may want to consider buying shares of the tech giant.
No list of the best stocks to invest in right now would be complete without mentioning electric car maker Tesla. After hitting a 2020 low of $350 at the height of the market crash, the stock resumed its meteoric rise and reached $1,000 per share in early June.
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Many believe that the momentum is not due to any underlying cause. Why is Tesla one of the top five stocks to invest in right now? In fact, one could argue that Tesla was more than just hype a few years ago, but not now.
More importantly, Tesla’s futuristic-style pickup truck, the Cybertruck, is in endless demand while it’s still in production. Analysts at Wedbush estimate the number of pre-orders at 650,000, and the truck won’t join Tesla’s lineup until late 2021.
Meanwhile, Tesla is looking for a new location to build a larger factory than its main facility in Fremont, California.
Big things are expected from Tesla CEO Elon Musk. If he can prove one thing, he can accomplish the task – prove the doubters wrong.
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Tesla ( TSLA ) stock is up 350 percent in the past 12 months and 30 percent year-to-date. It closed the last trading session at $985.98, which is 4% above the 52-week high of $1,027.48 and 367% below the 52-week low of $211.00. According to the latest Zacks Rank, TSLA stock is a Buy.
Of course, any list of stocks to invest in now should include the drama of COVID-19. Gilead Sciences is one that fits the bill. Remdesivir, the pharmaceutical giant behind the potentially life-saving treatment for COVID-19, is developing an inhaled version of the treatment.
The company said in August that it was ready to test its product in patients diagnosed with COVID-19.
Some Wall Street pundits and pundits argue that a cure for COVID-19 won’t be a huge financial windfall for Gilead or its peers. While that’s true, short-term traders and algo machines could jump into Gilead shares if its treatment gets the final green light from government agencies around the world.
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Near-term catalysts, including continued media headlines of Gilead significantly mitigating or resolving the COVID-19 pandemic, certainly make Gilead one of the top 5 stocks to invest in right now.
Gilead Sciences (GILD) closed the last trading session at $75.05, which is 12% above the 52-week high of $85.97 and 23% below the 52-week low of $60.89. According to the latest Zacks Rank, GILD stock is a Buy.
Pot stock Canopy Growth released a new strategic plan in early June and followed it up with a virtual investor conference day a few weeks later. It seems like it took months for the company to tell investors how it changed its approach. Investors should now be more confident in the company’s ability to dominate a market valued at $70 billion in three years.
A particular area of focus is in the mature beverage segment. Canopy’s current CEO, David Klein, came to Canopy from the alcoholic beverage industry and is targeting a 5 percent market share in Canada. If successful, the company may replicate its success in new markets where it is legitimate.
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Ultimately, Canopy deserves a lot of credit for making the decision to exit promising markets that did not perform as expected. Klein said during the day’s investor conference that developing pharmaceuticals is not the company’s “sweet spot.” It is “extremely expensive and time-consuming,” with “usually low” chances of success.
Canopy Growth ( WEED ) closed the last trading session at $22.62, which is 58% above its 52-week high of $54.25 and $12.96, 74% below $52.96.
Tech guru Gene Munster makes a compelling case that online real estate platform Zillow is one of the stocks to invest in right now. The former research analyst told CNBC he likes Zillow because there are more people looking to sell their homes in dense cities and move to less dense suburbs.
This real estate “shock wave” has driven nearly 200 million monthly active users to use the Zillow platform to estimate their home’s value for free. At Zillow’s end, the company benefits from sales and advertising revenue.
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But in the long term, Zillow wants to “disassemble and reassemble” the entire real estate process of buying and selling homes.
According to Zillow Group’s Q1 earnings report, total revenue rose 148 percent year-over-year to $1.126 billion and beat the Zacks Consensus Estimate by 6.5 percent. Shares of Zillow (ZG) closed the previous trading session at $58.86, a 52-week high of $66.96 and 215% below the 52-week low of $18.65.
The stock market has shown signs of irrational behavior in 2020 – and for good reason. The Covid-19 pandemic is far from over, and the unemployment and jobs picture is bleak at best.
But what are the best stocks to invest in right now? Apple, Tesla, Gilead, Canopy and Zillow all give investors a great opportunity to hedge against the storm. That’s why these five stocks are great buys right now.
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Functional service providers only. The content provided on this website is for informational purposes only and should not be construed as investment advice. Any opinions that may be presented on this page are not those of its agents or their recommendations. We make no representations or warranties as to the accuracy or completeness of the information provided on this page. If you rely on the information on this page, you do so at your own risk. Not surprisingly, FAANG stocks have beaten the stock market so far this year. Between rising inflation and higher interest rates, FAANG stocks have had a rough start to the year, to say the least. For the uninitiated, FAANG stocks are an acronym for five of the most popular tech stocks on the market, including Meta Platforms (NASDAQ: META ), Amazon, Apple, Netflix (NASDAQ: NFLX ) and Alphabet Inc. (NASDAQ: GOOG). . Additionally, FAANG stocks have significantly outperformed the overall stock market over the years.
As a result, many investors believe that FAANG stocks will perform well
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