Top 5 Stocks To Buy Now
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top 5 stocks to buy now
The impending inflationary economy will make it more difficult for businesses of all sizes to surpass previous earnings reports, and stock prices are reflecting as much. Shares of just about every equity on the market are down year to date, which begs the question: Is now a good time to buy stocks?
To be clear, there is no right or wrong answer to the question, only conclusions based on individual circumstances. Since it is impossible to predict the future and which way the market will head, investors must first determine their investment strategy and time horizon; then, and only then, will they be able to determine if now is a good time to buy stocks.
Some of the best stocks to buy in the past have been the high-growth tech companies that were perfectly comfortable burning money in the moment to realize future growth. If for nothing else, relatively low interest rates, plenty of access to credit, and the advent of global industry made trading current revenues for future growth highly profitable for companies like. For all intents and purposes, cheap and unfettered access to cash helped increase profit margins for savvy capital allocators. Companies like Amazon, for example, whose value was correlated to future cash flows, outperformed on the idea of trading low yields for a brighter future.
Atlassian does face some outside threats from massive competitors, but its suite of products have become so invaluable to so many customers that it is hard to imagine anything but a bright future. In the event Atlassian is able to expand its offerings (along with its market cap), it could easily become one of the best stocks to buy for 2023 and beyond.
One of the best stocks to invest in right now may be ServiceNow. Headquartered in Santa Clara, CA, ServiceNow is a software company that has become synonymous with the transformation of digital workflows for enterprise operations. With its proprietary cloud computing platform, ServiceNow helps companies of all sizes streamline operations, optimize processes, connect data, and accelerate innovation at scale.
While fairly insulated from recessionary pressure, ServiceNow will most likely be volatile stock over the short term. There are simply too many questions surrounding the economy to suggest otherwise. However, long-term investors should find ServiceNoe to be one of the best stocks to invest in for a prolonged period of time.
The Walt Disney Company might not only be one of the best stocks to invest in for 2022 and 2023, but it may be one of the top stocks to buy now and hold for generations. If for nothing else, Disney owns some of the most valuable intellectual property (IP) in the world and has one of the most loyal fanbases to help grow revenue for years down the road.
In keeping its promise to investors, Boeing intends to put its money where its mouth is. Already off to a good start, in fact, Boeing generated nearly $3 billion in free cash flow in its latest quarter and fully expects to achieve positive free cash flow by the end of this year. The ability to increase positive free cash flow will help Boeing at a time when interest rates are rising and convince investors it is one of the best stocks to buy for the rest of 2022 and well into 2023.
The new economy has created some obvious winners in the stock market, but two stocks appear to be growing faster than many of their counterparts: Snowflake Inc. (NYSE: SNOW) and CrowdStrike Holdings, Inc. (CRWD). While the broader tech market tends to underperform in periods of rising interest rates, these two enterprise software companies have managed to thrive.
Booking Holdings Inc. (NASDAQ: BKNG): As the parent company of popular travel sites like Booking.com and Priceline.com, Booking Holdings is unquestionably one of largest online travel portals. Of course, the company suffered over the course of the pandemic, but it survived the trial by fire with billions in cash on its balance sheets. Today, Booking Holdings can deploy its cash to take advantage of what may be one of the biggest travel seasons ever. Few companies are positioned as well as Booking Holdings to take advantage of pent-up travel demand, making it one of the best stocks to buy now and hold throughout 2022 and well into 2023.
The threat of higher interest rates is shifting the way Wall Street looks at stocks in 2022, and retail investors need to pay attention to the direction sentiment is heading. In particular, the best stocks to invest in at the moment are those which can thrive in an inflationary environment.
Higher interest rates make it more expensive for businesses to operate, and less-profitable businesses will have a harder time producing the cash flow investors want to see. Therefore, the best stocks to buy and hold in 2022 are those with enough pricing power to offset inflation.
It is worth noting, however, that the re-emergence of traditional fossil fuel energies has served as a headwind for Brookfield Renewable Corporation. Oil and gas stocks have jumped on the unfortunate geopolitical turmoil transpiring in Eastern Europe. For the better part of 2022, investors have sought shelter in oil and gas, effectively moving away from renewables. As a result, Brookfield Renewable Corporation is down about 38% from its 52-week high while other energies are surging.
When all is said and done, there is no way of knowing the best stocks to buy unless you set a goal. How long is the investing window? Do you prefer passive investments or active investments? What is your risk tolerance? All of these questions, and many more just like them, must be answered before anyone can determine the best stocks to buy.
Buying the dip is not a simple trading strategy and should be approached cautiously. Done right, you can earn a fat discount on stocks with sound fundamentals and strong prospects. Think of it like buying quality stocks at a discount.
The truth is that many great companies get dinged in short-term market drops but tend to perform very well over time. When you know which metrics of quality to track to uncover cheap stocks to buy, you can pick winners that the market may reward with higher prices after the dip.
We have identified nine cheap stocks to buy that have fallen along with the S&P 500 over the last year and have yet to recover. Each company has a multiyear history of growing earnings per share (EPS) and revenue, and analysts are still expecting similar growth in the years ahead.
Please note that the stocks above were selected by an experienced financial analyst, but they may not be right for your portfolio. Before you decide to purchase any of these stocks, do plenty of research to ensure they are aligned with your financial goals and risk tolerance.
Cory has been a professional trader since 2005, and holds a Chartered Market Technician (CMT) designation. He has been widely published, writing for Technical Analysis of Stock & Commodities magazine, Investopedia, Benzinga, and others. He runs TradeThatSwing.com, has authored several trading courses and books, coaches individual clients, and regularly trades stocks, currencies, and ETFs.
Agricultural prices are at multi-year highs. Given the strong demand for crops and shortages stemming from geopolitical issues in Europe, stocks like MOS will advance. It is a leading producer of potash and phosphate fertilizers desired by the growing demand for fertilizers that can boost yields.
War, fear, supply chain issues, inflation, and the threat of a tightening monetary policy are creating market volatility. Inflation at a 40-year high shadows the economic environment, and commodity resources are in short supply. Over the last few weeks, some commodity stocks have experienced enhanced volatility. Zooming out of the trading patterns of the previous few weeks, since 1972, history has shown commodity stocks fair well when the Federal Reserve is on a campaign of interest rate hikes. There is increased speculation that the Fed may take rates up too much and potentially set up an environment for a recession in 2023 or 2024.
Muhlenkamp's decision to allocate cash toward stocks came after four positive developments: inflation and interest rate expectations slid, Europe's economy showed signs of revival, the US dollar fell significantly, and the US housing market regained momentum.
While Muhlenkamp is more upbeat about the economy, he said he's still keeping about 30% of his portfolio in cash. The fund manager said it's especially important to be selective about where to invest right now, given that not all stocks will work in this uncertain environment.
When Muhlenkamp spoke with Insider in October, he highlighted five stocks in the energy or healthcare sectors: EQT (EQT), Occidental Petroleum (OXY), Schlumberger (SLB), McKesson (MCK), and UnitedHealthcare (UNH).
While he can't disclose what trades he's made this quarter, Muhlenkamp shared six different stocks that he's bullish on right now. He added that he still has a constructive outlook on energy and select companies in healthcare, even though valuations in that sector are less cheap than they once were.
Last year was great for the penny stock market. The popularity of this kind of trading was heavily influenced by the meme stock phenomenon. With this trend having faded in 2022, it might become more challenging to find success with penny stocks. Yet, there are still some investors willing to take the risk. 041b061a72