These Are The 5 Best Stocks To Buy Now
investors.com
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 for investors? Five best stocks to buy right now are Ciena ( CIEN), Facebook ( FB), Zscaler ( ZS), Chipotle Mexican Grill ( CMG) and Beyond Meat ( BYND).
Why these five stocks? Before turning to that question it is important to consider how one goes about choosing a stock in the first place. Superior fundamentals and technical action and buying at the right time are all part of a shrewd investing formula.
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 current 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.
...
Beyond Meat Stock Beyond Meat stock has been the IPO success story of 2019 so far, which is saying something. There are valuation concerns however, with the IPO stock now more than 600% above its offering price of 25. While it has a Composite Rating of 89, Beyond Meat earnings aren't expected until 2020.
Revenue shot up 215% in the latest quarter, with Beyond Meat continuing to rapidly add restaurants and other partners for its fake meat products.
Despite what is for now a niche market, a sizzling enthusiasm surrounds Beyond Meat stock. The stock stabbed to an all-time high of 201.88 on June 19 — a 708% increase on its IPO price of 25. Even before that, however, the soaring price alarmed analysts.
Beyond Meat stock is currently forming a new base that has the features of a cup without handle. But it's not finished yet. Aggressive investors could treat 201.98 as an entry — 10 cents above the high Beyond Meat stock reached in June.
BYND stock soared on July 22, signaling a likely record close.
On July 29, Beyond Meat will report second-quarter earnings
investors.com |
