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The erratic surge of COVID-19 cases is keeping the stock market in a myriad of unpredictable positions as many companies experiences a see-saw movement of their share values on the trading floor.
Fortunately, investors are still left with a lot of big movers on the market this year.
Of the countless consistent gainers, here are 11 stocks that are looking good as a BUY right now.
Merck ( )
Reporting some quarterly earnings of $1.74 per share, this giant drug maker company managed to still rake in over 30 cents over industry estimates.
Merck’s revenue also pulled a strong figure therefore increasing its year-end forecast. The sales of Merck’s Keytruda—a cancer drug—is also playing a role in the company’s sustained high revenue.
3M ( )
3M performed better during the most recent quarter of 2020 by earning $2.43 per share. 3M’s revenue also exceeded forecasts made by analysts at the start of the year. Despite a tricky period during the start of the pandemic when its stocks fell slightly, 3M’s stocks are expected to rise as more business and economies all around the world begins to reopen. Also, don’t forget that 3M is considered as “dividend king” as it has yielded an average of 3.5% the last several years, and is seen as stock that delivers a long-term dividend growth to investors.
Tesla ( )
At a current stock value of just below $500, Tesla is one of the companies that is expected to become a major player in the future—especially in the EV (electronic vehicle) sub-category of the automotive industry. Coming off the heels of a successful delivery of 139,300 vehicles in the 3rd quarter of 2020, expect Tesla’s revenue to increase once the world totally reopens and rebound from the pandemic.
PayPal ( )
Many financial analysts believe at the promising future of PayPal’s stocks, with most of them expecting the stock of PYPL to generate more than 40% increase to the level of around $280 from its current share value. Aside from the popularity of PayPal as one of the leading payment applications, its very own Venmo app is also expected to bring in more revenues to the company.
American International Group ( )
After the company reveals a planned leadership change, investors rallied behind AIG’s stocks helping it increase by 8% at the recent close of trading early this week. Although AIG President Peter Zaffino will not replace current CEO Brian Dupperreault until March 1, 2021, AIG is perceived by many as a company heading to the right direction especially after the company announced an intention to spin off its life and retirement insurance unit.
MercadoLibre ( )
Still widely unknown to most casual investors but already gaining a good reputation among seasoned investors, MercadoLibre deserves a close look—and for all the right reasons. This Argentina-based eCommerce company has built a stronghold in the Latin America market and is expected to roll its presence to the rest of the world soon. Promising figures from its 2020 Q2 earnings includes: $878.4 million in revenue (an uptick of 123.4% year-over-year) and an increase of users from 47.6 million to 65.5 million.
Apple ( )
After the company’s latest stock split on a 4-for-1 ratio in August 2020, that made Apple shares more affordable to investors, analysts believe Apple stocks are prime for another steep increase. This, comes after the company announced plans to develop its own Apple Silicon ARM processors while doing away with Intel processors for its line of MAC products.
Seagen ( )
Despite an already high 80% year-to-date stock increase, financial analysts still see a high ceiling for the future of SGEN. This biotech company is on the forefront of developing a cancer therapeutics drug which is now on phase three of clinical trials. This and other future drug innovations will further increase the forecasted $1 billion revenue in 2020.
Snap Inc. ( )
Popularly known by its flagship product, the camera application Snapchat, SNAP is high on many analysts’ BUY lists. SNAP shares have surged this 2020 so far and financial watchers still expect to see a potential increase of 17% more.
That’s not all…
In the world of Gaming stocks, Take-Two Interactive (TTWO) and Ubisoft Entertainment (UBSFF), the two best-performing gaming stocks in the market today, also deserves your close consideration if you are looking for additional solid stocks to invest on.
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Other than these 9 promising stocks, the usual suspects of high performing FAANG stocks Facebook ( ), Netflix ( ), Alphabet ( ) and Amazon ( ) are also sure winners in both the short and long-term investment goals and strategies.
The stock market is always moving and companies that has a BUY stock rating right now may quickly change and vice versa.
So, it is best to always follow the trading market to keep your investment strategies updated always.
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