Thanks to the bull market and a steady stream of upbeat earnings reports, stocks have been on a tear for the past few years. With more than 5,000 publicly-traded companies to choose from, there are plenty of opportunities to invest in the stock market. Even better, it’s always been challenging to buy stocks directly. You don’t need to be a wealthy individual or an accredited investor to purchase shares in companies you like. Whether you’re just getting started investing or looking for new ideas, here are some of the best stocks to buy now. This article will explore some of the best stocks to own for both long-term growth potential and short-term value opportunities. It will also discuss general principles for choosing great stocks in the future.
What To Look For In A Great Stock
When evaluating potential buying stocks, it’s best to focus on long-term potential. Rather than trying to predict momentum stocks or fad stocks, you want to find great companies with substantial competitive advantages. Ideally, they’ll also have a history of solid earnings growth. Beyond those factors, you should keep a few things in mind when searching for potential investments. – Is the company’s business model scalable? – What are the competitive advantages? – What are the risks to the business model? – How does the company make money? – What is the company’s dividend yield? – What is the stock’s price/earnings ratio? – What does the company’s balance sheet look like? – What does the company’s cash flow statement look like?
Okta Inc. (NASDAQ: OKTA)
Okta Inc (OKTA) is the leading provider of identity management software. The company’s products make managing access, authentication, and user provisioning easier. It’s a concept that’s used in virtually every organization around the world. For example, when you change your password or get a new login for your work computer, that’s a form of identity management. Beyond that, Okta’s software has applications for other industries as well. The company has a growing defense and government business, for example. In general, identity management is an increasingly critical part of online security. It’s also a market that’s expected to grow as the Internet of Things (IoT) continues to expand. Okta has seen consistent revenue growth over the past several years. The company has been increasing its profits as well. As one of the leading providers of identity management software, Okta is one of the best stocks to buy now.
HubSpot (NYSE: HUBS)
One of the best stocks to buy now is HubSpot (HUBS), the leading inbound marketing software, provider. Essentially, inbound marketing is a strategy that brings customers to your website through various forms of content. The idea is to attract potential customers by providing value. HubSpot’s product allows businesses to create and publish blogs, videos, ebooks, and more. The company also has an array of tools for managing leads and sales. HubSpot’s products make it easier for businesses to create engaging content. That, in turn, attracts more leads and sales. HubSpot has seen consistent revenue and profit growth over the past few years. The company is expected to continue growing in the future. HubSpot is one of the best stocks to buy now because it’s a leading provider of inbound marketing software.
Fortinet (NASDAQ: FTNT)
Another excellent company to buy now is Fortinet (FTNT). The company is a leading provider of network security solutions. Businesses use Fortinet’s products to monitor, control, and protect their networks. The company has an impressive customer list that includes more than half of the Fortune 500 companies. Beyond that, Fortinet has a strong presence in the growing public cloud market. Amazon, Microsoft, and other cloud providers use the company’s systems. Fortinet’s products are critical for ensuring highly secure networks. Network security becomes more important as reliance on the Internet continues to grow. Fortinet is one of the best stocks to buy now because of its strong business and growth potential.
AMERCO (NASDAQ: UHAL)
Another one of the best stocks to buy now is AMERCO (UHAL). The company, formerly United Stock Dry Goods, is a leading provider of uniforms, medical scrubs, and other specialty apparel. The company’s brands are widely used in industries like healthcare and hospitality. AMERCO’s products are manufactured in the United States, which should become increasingly important. The company is also one of the world’s largest producers of military uniforms. Beyond that, AMERCO has a proven track record of profit growth and shareholder returns. The company has paid a dividend every year since 1939. It’s also a member of the S&P 500 Index, a vital sign of long-term growth. AMERCO is one of the best stocks to buy now because it’s a high-quality company with solid fundamentals.
Summing up
Stocks are an essential part of any well-diversified investment portfolio. They’re also the easiest way for new investors to buy a piece of the stock market. When looking for great stocks to buy, it’s essential to focus on the long-term potential. Rather than trying to predict momentum stocks or fad stocks, you want to find great companies with substantial competitive advantages. Ideally, they’ll also have a history of solid earnings growth. Beyond those factors, you should keep a few things in mind when searching for potential investments. – Is the company’s business model scalable? – What are the competitive advantages? – What are the risks to the business model? – How does the company make money? – What is the company’s dividend yield? – What is the stock’s price/earnings ratio? – What does the company’s balance sheet look like? – What does the company’s cash flow statement look like? There are plenty of great stocks to buy now. By focusing on long-term potential, you can find valuable investments for your portfolio.
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