The 10 Best Stocks To Invest in Right Now
It can be incredibly daunting and challenging choosing which stocks to add to your trading and investing portfolio. This is especially true in 2021, as the Covid-19 pandemic still heavily influences the markets and the way people choose to invest. However, investing in stocks is still one of the best ways to make money, as can be proven by the S&P 500 gaining 20.4% during the first eight months of 2021.
In September of 2021, the stock market’s trajectory changed, and it experienced its worst month in history, with the index nearly losing 5%. It’s believed that the reasoning behind this loss was stricter monetary policy, increased likelihood of higher interest rates, and Chinese valuation concerns. In addition to this, the GDP growth is expected to be less than economists predicted.
That’s why it’s more important than ever to invest in stocks that have been proven to be stable with positive trajectory ratings. Fortunately, at present, there are a few stocks that fall into this category. Continue reading if you would like to learn about the 10 best stocks you should consider investing in right now.
1. Netflix Inc (NASDAQ: NFLX)
It’s incredibly likely that you have heard about or are subscribed to the famed Netflix streaming company. This streaming platform offers consumers subscription-based entertainment services such as movies, documentaries, and television series.
The company offers different subscription plans according to how many devices you want to use for your Netflix account. They offer these entertainment services in various languages and genres while having a user base that spans 190 countries.
Over the last decade, Netflix has grown rapidly in part because of its scalable business model. It is believed that Netflix has managed to reach an annual compound growth rate of 27.7%. Additionally, their profit market had increased from 4.3% in 2016 to 18.3% in 2020.
These are all pointers that the company is stable and continuing to grow, which is why it’s one of the very best stocks you can invest in right now. At the time of writing, one Netflix stock could be purchased for $642.58.
2. The Walt Disney Company (NYSE: DIS)
Since the advent of Disney+ and with Walt Disney theme parks reopening since the pandemic, Disney stock saw an impressive 140% high in 2021 after the lows it experienced in 2020. Even though stock prices have pulled back, Walt Disney stocks are still doing impressively well.
Interestingly, The Walt Disney Company is often commonly referred to as simply Disney. This company is a multinational mass media and entertainment conglomerate that has recently branched out into more media and entertainment orientated platforms.
According to the latest third quarterly data, Walt Disney stocks earned $0.80 on a whopping $17,02 billion revenue. Additionally, Disney+ is one of the most popular entertainment platforms, beating both Hulu and ESPN+ in subscriptions. ESPN+ received 14.9 million subscriptions, and Hulu received 42.8 million subscriptions. In contrast, Disney+ managed to earn 116 million subscriptions.
Moreover, Disney’s media and entertainment revenue increased by 18%, with a 57% increase in direct-to-consumer revenue. It is predicted that Disney stocks will experience a 101% jump in fiscal 2022. At the time of writing, Disney stocks could be bought for $175.05.
3. Amazon (NASDAQ: AMZN)
We have all heard of the multinational technology company Amazon which is considered to be one of the “Big Five” information technology companies. Yet, should you consider buying stock in this recognizable company? In short, according to current projections buying stock in Amazon could be a lucrative investment.
Data that was released for the third quarter of 2021 showed that Amazon revenue grew by 15%. Amazon expects its revenue to grow between 4% and 12% year over year in the fourth quarter, while analysts have predicted a growth rate of 13% in the fourth quarter.
In addition to this, Amazon’s growth rate overall was 25%, better than its growth rate before the pandemic, which was 20%. This means that Amazon is still expanding. A few statistics that prove this are the 3% growth rating in online store revenue, a 19% growth rating in third-party seller services, a 39% increase in AWS, and a 24% increase in subscription services. At the time of writing, the Amazon stock price was $3,465,86, so don’t expect to be buying too many shares in Jeff Bezos’ money maker.
4. Alibaba Group Holding Limited (NYSE: BABA)
If you have never heard of Alibaba, you might want to consider learning more about this multinational technology company specializing in internet, retail, commerce, and technology. Interestingly, Alibaba is considered one of the world’s largest online commerce companies since they have more than one billion users while hosting millions of businesses and merchants. It is estimated that transactions on its online sites boasted a total amount of $248 billion.
So, should you consider investing in Alibaba stock? Well, if you look at the analytics, right now, it is one of the best times to buy Alibaba stock. On its third quarterly profit, Alibaba reported an impressive 22% rise in profit, and its revenue increased by 46%, with its cloud revenue increasing by 29%.
Additionally, Alibaba is known for its incredibly impressive growth track record, which puts many companies to shame. Alibaba has a five-year annualized earnings growth rate of approximately 29% with an annual return on equity of 21%. Curiously, it’s also one of the cheapest stocks to invest in, even though it is one of the best. At the time of writing, Alibaba’s stock cost $20.69.
5. Zoom (NASDAQ: ZM)
It’s unlikely you haven’t heard of the software program Zoom since it has become a staple meeting in many people’s lives since the pandemic hit in 2020. If you don’t know what Zoom is, we will explain it briefly. Essentially Zoom is a cloud-based video communications application that allows users to participate in audio conferencing, virtual video, webinars, and live chats.
Since the stock went public in 2019, it has continued to show favorable profit margins and outcome predictions by market analysts. In 2019 the opening price of one stock was $65, and in 2020 it was almost $100.
Additionally, between March and October of 2020, Zoom stock soared by around 490%. With the company expected to continue growing, analysts are expecting Zoom stock to continue doing well. At the time of writing, Zoom stock was trading at $251.26, with the stock trading around 52 times forward earnings and 22 times trailing sales.
6. Shopify (NYSE: SHOP)
Did you know that Shopify powers more than 1.75 million businesses globally? Shopify provides an extensive range of software and services that help merchants operate digital and physical channels. That’s why it’s unsurprising that the stock is up approximately 980% over the last three years.
Even though Shopify is considered a company in its infancy, it has continued to show growth and profit. In the third quarter, Shopify’s revenue was $1.12 billion, which is impressively up 46% year over year. Interestingly, many market experts are claiming that Shopify is showing strong signs of challenging stock market veterans Amazon and eBay.
If you think that Shopify’s growth opportunities are slowing down, you would be incorrect. Many people don’t realize that Shopify has $7.7 billion in equivalents and cash on its balance sheets compared to its approximate $910 million in short and long-term debt.
This means that the company has a strong net cash position which allows it to have incredible flexibility when it comes to investments and growth opportunities. At the time of writing, Shopify stock was trading at $1474.
7. Facebook (NASDAQ: FB)
Can you guess which company’s stock we are talking about next if we tell you the company has 1.93 billion daily active users according to the third quarter report? What about if we told you that it has 2.91 billion monthly active users? If you guessed Facebook, you would be correct.
Arguably one of the best-established stocks to invest in is Facebook, even though the company has experienced some turbulence in 2021 with its name change and company direction. In fact, according to third quarterly data, Facebook managed to top analysts’ estimates.
Interestingly, Facebook released a statement that it is adding $50 billion to its stock buyback program, which means shares will be lifted by 2% in extended trading. Additionally, Facebook made $29.01 billion in revenue and $3.22 in earnings per share.
Yet, what makes Facebook a good stock to invest in is its long-term stability from its many pipeline projects and platform expansion plans. These all prove that the company is set to continue growing and attaining profits. At the time of writing, Facebook stock was trading at $327.64.
8. NVIDIA Corporation (NASDAQ: NVDA)
One of the stocks with the best comeback story of the last decade is Nvidia. Ever since Nvidia branched out into virtual reality, the internet of things technology, artificial intelligence, and data centers, it has experienced massive revenue and profit increases which have boosted its stock pricing.
Since its 2012 lows, Nvidia’s stock price has increased about 80 fold, with its long-term position as a leader in graphics processing units continuing to strengthen. With the company’s many growth avenues, revenue was boosted by approximately 75% over the last 12 months.
Additionally, it has a higher P/E ratio than its biggest competitor AMD with a score of 75, which is in stark contrast to AMD’s score of 36. Moreover, another testament to the stability of Nvidia stock is that it is expected to potentially be worth more than Apple stocks by 2026. At the time of writing, the estimated stock price for Nvidia was sitting at $294.59.
9. Adobe Inc (NASDAQ: ADBE)
Another stock you need to consider investing in if you want stability and almost guaranteed returns right now is Adobe Inc. This software giant has impressively surpassed a $300 billion valuation recently.
Yet, did you know that Adobe is the software of choice for amateur and professional creatives? That’s why most of Adobe’s offerings are centered on the digital media segment.
Analyst expectations were exceeded when the second-quarter earnings were released. Non-GAAP earnings and revenue earnings per share collectively rose by about 23% year over year, with the third quarterly report showing that Adobe stocks beat Wall Street targets for its fiscal third quarter.
Additionally, experts have predicted that Adobe has a long runway of growth ahead of it, with an addressable market of an estimated $147 billion. Many analysts expect Adobe shares to have increased earnings of around 17.8% per year. At the time of writing, Adobe stock was trading at $647.50.
10. Tesla Inc (NASDAQ: TSLA)
Recently, Tesla has been in the news, with founder Elon Musk proposing a Tesla stock sale of 10%. So the question is, should you still invest in Tesla stock? The answer is yes based on the company’s third-quarter data.
At present, Tesla stock is experiencing an eight-week hold, but that doesn’t mean you can’t buy stock in the company. It just means it will be difficult to do so when not many investors are trading their Tesla stock because of its immense potential. Many analysts have predicted that Tesla stocks will continue being a sound investment option into the 2023 fiscal year.
According to the third-quarter data, Tesla’s share prices are up by an incredible 145%, with sales totaling a whopping $13.76 billion, which is 57% above the year-ago period. Another positive aspect that makes this stock worth investing in is its IBD composite rating.
At present, Tesla has an IBD composite rating of 99 out of 99 which means it’s considered to be one of the year’s very best growth stocks with the biggest potential gains. Additionally, Tesla stocks also have a Relative Strength Rating of 97 out of 99. This means that Tesla stock has managed to outperform 97% of all stocks listed in the IBD database. At the time of writing, the Tesla company stock was trading at a price of $1067.95.
See more about - How To Buy Stocks: A Beginner’s Guide