top of page

Group

Public·273 members

Number 1 Stock To Buy Right Now


Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist? MercadoLibre (MELI), Meta Platforms (META), HubSpot (HUBS), PagerDuty (PD) and Palo Alto Networks (PANW) are prime candidates.




number 1 stock to buy right now


DOWNLOAD: https://www.google.com/url?q=https%3A%2F%2Ftweeat.com%2F2uihKL&sa=D&sntz=1&usg=AOvVaw0PPw10VU_HMSB1nVrBwset



The CAN SLIM system offers clear guidelines on what you should be looking for. Invest in stocks with recent quarterly and annual earnings growth of at least 25%. Look for companies that have new, game-changing products and services. Also consider not-yet-profitable companies, often recent IPOs, that are generating tremendous revenue growth.


Once you have found a stock that fits the criteria, it is then time to turn to stock charts to plot a good entry point. You should wait for a stock to form a base, and then buy once it reaches a buy point, ideally in heavy volume. In many cases, a stock reaches a proper buy point when it breaks above the original high on the left side of the base. More information on what a base is, and how charts can be used to win big on the stock market, can be found here.


A key part of the CAN SLIM formula is the M, which stands for market. Most stocks, even the very best, follow the market direction. Invest when the stock market is in a confirmed uptrend and move to cash when the stock market goes into a correction.


A stock market rally that kicked off 2022 soon fell on its face. The market overall has been choppy since then, with bear market rallies often being undercut by painful drawdowns. While the Nasdaq looks healthy, the S&P 500 has fallen under the 50-day moving average amid challenging action sparked by negative action among bank stocks.


Now is a time to prepare for the next stock market uptrend by creating a robust watchlist. Focus on fundamentally strong stocks coming out of sound chart patterns, such as those in the IBD 50. These names will tend to have rising relative strength lines. The stocks below are good candidates.


Now let's look at MercadoLibre stock, Meta stock, HubSpot stock, PagerDuty stock and Palo Alto Networks stock in more detail. An important consideration is that these stocks all boast impressive relative strength.


MELI stock has surged into first place in IBD's competitive Retail-Internet industry group. Other high fliers include China e-commerce giant Pinduoduo (PDD) and Etsy (ETSY).


Lackluster earnings are reflected in an EPS Rating of 48 out of 99. Despite this, growing bullish sentiment is reflected in the fact it is in the top 4% of stocks in terms of price performance over the past 12 months.


Encouragingly, the stock has been getting support at its 21-day exponential moving average and recently found support at the 50-day/10-week line. IBD research has found that big stock market winners tend to find support at the 21-day after a breakout for at least several weeks.


At a growing number of companies, digital transformation means speeding up internal software development and deploying new applications quickly. The process includes monitoring how apps perform. It's called "DevOps."


While AI has become a new topic of conversation for many investors, it's not new for CrowdStrike (CRWD 1.64%). The company is a pioneer in using AI in cybersecurity. Its AI-driven Falcon platform continues to win new customers and drive expanding relationships from existing ones, enabling it to grow briskly. With much more growth ahead, it's a no-brainer stock to buy for those desiring to add an AI play to their portfolio.


CrowdStrike's CEO firmly believes that his company's already expansive opportunity will continue to grow in the future. "We see a massive opportunity to leverage our AI-driven 'collect data once, reuse many times' platform to expand share across our markets," he said. The company's current total addressable market opportunity is over $75 billion. It sees that number expanding to $158 billion by 2026.


CrowdStrike is a pioneer in applying AI in cybersecurity. That enabled it to build a best-in-class platform, which customers are flocking to these days. However, it's only scratching the surface of its potation. It's a great AI stock to buy, especially since it has yet to catch the attention of the hype train, given that shares currently trade about 60% off their peak. It's a no-brainer pick.


When seeking out the best stocks to buy now, investors will need to be brave and patient in regard to timing, as well as agile as the stock market eventually transitions from bear market to bull market. Go ahead and add resolute to the character traits you'll need this year, because many market strategists say you can't get from one market to the other without going through a recession first.


Given the uncertain, sometimes roiling backdrop for stocks, where should investors look when seeking out the best stocks to buy now? A popular piece of advice among Wall Street strategists now is to resist the bargain-basement appeal of the most beaten-up stocks and focus instead on high-quality shares. "Investors should avoid volatile names and be cautious on both deep-value and unprofitable growth companies," says Koesterich. "Instead, emphasize quality with a focus on earnings consistency and good profitability."


Now may be a good time to tilt toward value-oriented companies and small-cap stocks, both longtime underperformers that are showing signs of new life. Over the past five years, for example, the S&P 500 Value Index (opens in new tab) has returned 6.2% annualized, compared with 9.1% for the S&P 500 Growth Index (opens in new tab). Through early 2023, value has outperformed growth, with a 4.1% return compared to growth's 3.8% gain. "We would stick with value. These cycles last a while," says Ryan Detrick, chief market strategist at money management firm Carson Group (opens in new tab). Sectors typically grouped in the value style include energy, financials, industrials and materials.


So, with all of this in mind, here are 12 of the best stocks to buy now. The names featured here vary by size and industry and are not meant to compose a diversified portfolio. But all, for one reason or another, are well positioned to benefit from a transition to a bull market from a bear market in 2023.


Don't ignore the tenets of diversification and shun tech or the growthier side of the market completely when adjusting your portfolio to include the best stocks to buy now. Instead, take a barbell approach, says Tony DeSpirito, a managing director and portfolio manager at BlackRock (opens in new tab). This will allow you to scoop up value-focused shares at historically attractive relative price-to-earnings ratios (P/Es) and high-growth stocks at valuations that have come down from the stratosphere and are now at normal, if not yet underpriced, levels.


Take Advanced Micro Devices (AMD (opens in new tab), $76.61), a leading semiconductor manufacturer. Analysts have mixed ratings on one of Wall Street's best semiconductor stocks in part because an economic slowdown and negative investor sentiment are near-term obstacles.


Still, analysts on average expect a 27% jump in annual earnings over the next three to five years, according to S&P Global Market Intelligence, ahead of the company's peers, fueled in part by market-share gains for its data-center chips (sales climbed 42% in the most recent quarter compared with the year before). Analyst Vijay Rakesh, at Mizuho Securities USA, rates the semiconductor stock a Buy and recently assigned the shares a 12-month price target of $90.


Amazon fits the bill. The stock is down 36% over the past 12 months. Is this growth-stock darling now a value stock? Shares are cheap relative to historic levels. At $96, Amazon stock trades at 56 times forward earnings; its five-year historical forward P/E is 71.


BofA likes DECK'S historically conservative management team, which has a strong track record of beating expectations. In short, Deckers is a "high-quality stock with a compelling growth trajectory," say the analysts.


Matador Resources (MTDR (opens in new tab), $52.38) is an oil and gas exploration and production company that has risen alongside its fellow energy stocks over the last 12 months. Specifically, MTDR stock is up more than 20% year-over-year.


Even with its impressive growth on the charts, MTDR is one of best values on this list of the best stocks to buy now. Shares are currently trading at just 5.1 times forward earnings, well below Matador's five-year average of 11.2.


Investors seeking out the best stocks to buy now might consider holding for longer than one year: Keith says she sees "significant market-share opportunity" for Workday, and over the next three years, the stock's potential reward outweighs the risk.


Why is Merck (MRK (opens in new tab), $109.16) on this list of the best stocks to buy now? The pharmaceutical giant is known for its high returns over the past decade. Analysts are upbeat toward MRK, too, as evidenced by a consensus rating of Buy. Of the 27 analysts that follow Merck tracked by S&P Global Market Intelligence, 13 say it's a Strong Buy, seven have it a Buy, six call it a Hold and one rates it at Sell.


And for investors seeking out the best defensive stocks, Huynh says MRK's growth is "low risk," and that cancer drug Keytruda and HPV vaccine Gardasil are "well established and less affected in the near term by healthcare reforms under the Inflation Reduction Act (IRA) than peers."


Lululemon Athletica (LULU (opens in new tab), $316.54) is a retailer of leisure attire. The stock is relatively flat in the last 12 months, despite comparable-store sales rising 22% in the last reported quarter compared with a year earlier. Rarely do you get to buy such a fabulous company at a price that appears so depressed.


Archer-Daniels-Midland (ADM (opens in new tab), $81.61) buys, transports and processes food commodities. An inflation hedge, ADM stock has been a big winner over the last year, benefiting from rising prices caused by supply-chain disruptions. Food scarcity seems like a longer-term problem, and the stock is reasonably priced at a forward P/E of 12. 041b061a72


About

Welcome to the group! You can connect with other members, ge...

Members

  • Seema Ramage
  • solitaire queen
    solitaire queen
  • Rajput
    Rajput
  • thanh tran
    thanh tran
  • marka
    marka
Group Page: Groups_SingleGroup
bottom of page