If you are looking to Invest in Stock Market, then you have probably heard of Best Stocks To Invest In Right Now. But in case you have not, well, you are in for a treat.
I’m going to share a list of the best stocks to invest in right now. All of these stocks have been hand-picked from those I have been watching as I’ve been learning how to invest over the last few months. These are the stocks that have been performing very well and haven’t been talked about as much as others. In this list of the best stocks to invest in right now, I will show you three industries and suggest three different companies for each industry. This should make it easier for you if you’re trying to choose which stock to pick.
Best Stocks To Buy: The Crucial Ingredients
Remember, there are thousands of stocks trading on the NYSE and Nasdaq. But you want to find the very best stocks right now to generate massive gains.
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.
IBD’s CAN SLIM Investing System has a proven track record of significantly outperforming the S&P 500. Outdoing this industry benchmark is key to generating exceptional returns over the long term.
In addition, keep an eye on supply and demand for the stock itself, focus on leading stocks in top industry groups, and aim for stocks with strong institutional support.
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.
Microsoft Stock
Microsoft is trading just past the top of its buy zone after clearing a new flat buy point of 305.94. It is actionable as high as 321.24.
The relative strength line for Microsoft stock is at record highs. MSFT stock has gained around 45% since the start of the year, which crushes the S&P 500’s gain of 21%.
Microsoft is one of a handful of U.S.-listed stocks with trillion-dollar market caps. It was the second stock to achieve the feat, after old rival Apple (AAPL). Both now have valuations above $2 trillion.
Microsoft stock’s strong price action has boosted its IBD Composite Rating to a near-perfect 98. The biggest key to Microsoft’s high score is its excellent earnings performance, which is reflected in its EPS Rating of 92.
MamaMancini’s Holdings Inc. (MMMB)
MamaMancini’s is a small packaged foods company primarily focused on Italian cuisine. It offers frozen and refrigerated meatballs, meatloaf and pasta among its line of products. The company is enjoying a healthy growth trajectory: Revenues are up from $18 million to $41 million since 2017. The company also uplisted from the Over-the-Counter Bulletin Board to the Nasdaq as part of its corporate development. Shares hit $4 at one point but have sold off about 40%, giving later investors a chance to get into this story near the ground floor. As it stands today, the company is already significantly profitable on an earnings-per-share basis. And in 2023, according to analysts, the company could make 18 cents per share in earnings, which would make the stock at its current price sell for just 13 times expected earnings. That’s quite a delicious offer.
Enel Chile SA (ENIC)
Enel Chile is a Chilean power utility. Shares have been volatile and trending downward lately. That’s understandable, as the company had issues with COVID-19 along with price swings on foreign exchange and commodities. Upcoming elections in Chile have further added to the uncertainty. Regardless, shares are trading at an estimated 8 times this year’s earnings and 6 times next year’s earnings. That’s astonishingly cheap in the current marketplace. Enel Chile also offers a 9.4% dividend yield. Chile is well-positioned to benefit from the current commodity and green energy boom. It’s a leading producer of key raw materials such as copper and lithium that go into batteries and renewable energy components. Sooner or later, Chilean stocks should move back up, with Enel Chile being a big beneficiary.
Lightinthebox Holding Co. Ltd. (LITB)
Lightinthebox is a Chinese online retailer focusing on budget-priced fashion, electronics and home goods. Chinese stocks have gotten obliterated over the past six months. A combination of regulatory crackdowns, trade tensions and supply chain issues has been the perfect storm for these firms. Lightinthebox stock has tanked along with the bunch. If you’re looking for a low-priced stock that could mount a comeback, however, this could be the one. The company generated $467 million of revenue last year, yet its market capitalization is less than $200 million. It’s not due to anemic margins, either. Lightinthebox earns strong profit margins on its sales, and is overall firmly in positive territory on an earnings per share basis. With shares down almost 40% year to date, LITB stock could be poised for a quick comeback when sentiment toward Chinese companies improves.
PayPal
PayPal is one of the largest fintech companies in the world. Its platform spans 200 markets, offering a variety of financial services to both businesses and individual consumers. That includes payment processing (both in-store and online), point-of-sale solutions, and short-term financing for merchants; and mobile wallets, payment cards, shopping rewards, and crypto brokerage services for consumers.
More importantly, PayPal is still growing its business in new directions. In 2020, the company launched a variety of products, including the Venmo credit card and QR code payments for PayPal’s mobile apps. Like its acquisition of iZettle in 2018, these moves expanded its in-store presence. And management has already reported strong momentum — Venmo’s revenue growth accelerated to nearly 70% in the most recent quarter, and roughly 1.3 million merchants now accept PayPal QR codes at checkout.
Generally speaking, these new services boost adoption and engagement, powering the flywheel that drives PayPal’s business. In other words, as new consumers join the ecosystem, PayPal becomes more valuable for every merchant, and vice versa. That virtuous cycle has helped PayPal grow its user base to 403 million active accounts, which, in turn, has translated into consistently strong financial results.
Digital Ally Inc. (DGLY)
Digital Ally makes video camera systems, primarily for law enforcement. In the wake of high-profile police shootings and facing pressure to reform law enforcement, municipalities have been looking for ways to keep their officers more accountable. Digital Ally’s body cameras and in-car units can record a definitive history of incidents to help prosecutors and defense attorneys get to the truth in a contested situation. Given the national discourse around reforming the police over the past year, companies like Digital Ally should be well-positioned to receive more contracts in coming years. The company has increasingly rolled out subscription-based offerings to police units, and it has added other product lines such as no-contact temperature screening and disinfectant instruments. Digital Ally has struggled to maintain profitability in recent years, and there’s a history of stock dilution as well. On the other hand, short interest is extremely high, so shares could be set for a sharp rally.
Rave Restaurant Group Inc. (RAVE)
Rave Restaurant Group either owns and operates or franchises out the Pizza Inn and Pie Five restaurant brands. Pie Five has generated buzz with consumers using a Chipotle Mexican Grill (CMG)-style offering where customers can build handcrafted pizzas with a high degree of personal customization. Rave is still a small company; it generated less than $9 million in revenue over the past 12 months. However, it is profitable. Pizza as a category has held up quite well with the pandemic. And Rave had shown some positive momentum in 2019 before the pandemic started. Shares are still trading far below where they were years ago, and the company is going for less than a $25 million market cap right now. That’s not a bad price for a small but profitable pizza franchise.
Conclusion
Have you ever wondered which stocks to invest in? You’re not alone. These days there are thousands of stocks to choose from at any given time, which is a great situation if you plan to invest in the stock market over a long period of time. But what if you want to make money right now? Then the question of “Best Stock To Invest In Right Now” is more important.