10 Best Stocks to Buy Right Now
The best stocks to buy right now are correlated with the Fed’s fight against inflation and the rise in interest rates. However, this environment will not treat all companies equally. While some may benefit from the new environment, others will see the current economy as a hindrance.
Goldman Sachs
For many reasons, Goldman Sachs is one of the best companies to buy right now. Its valuation is reasonable and offers a defensive position in an inflationary environment. Moreover, the company’s consumer banking branch is well-scaled and has room for revenue growth.
The company has been building its consumer banking business for years. Marcus’s consumer banking business grew revenue by 67% year-over-year in the second quarter, driven mainly by increased deposit balances – a low-cost funding source.
Energy Transfer Stocks
Energy Transfer is a midstream company poised to benefit from industry growth prospects. Its operations include the transportation and storage of crude oil, natural gas, and refinery activities. The company has invested in expansion projects to expand its cash flow and potentially boost its dividend payout. You can invest in pipeline companies for their income potential, as they generate steady cash flow and dividends. These companies are also often expanding, so an initial investment of $1,000 can become a sizable income stream over time.
The company has a good reputation and has received positive reviews from analysts and industry insiders. It also has a perfect 10 rating on TipRanks’ Smart Score rating system, indicating that the stock will likely outperform the market soon. In addition, energy Transfer has a solid balance sheet, a bright outlook, and substantial growth opportunities.
Eli Lilly
Eli Lilly is one of the best large-cap pharmaceutical companies but it’s also one of the most expensive. Its recent post-earnings selloff is likely to continue if the broader market falls, and the company’s recent guidance cut will require another round of analyst revisions. The company also has a deep pipeline of drugs that could come on the market at some point in the future.
Eli Lilly & amp Company is a top-rated company by many analysts and pays a 1.24% dividend. The company is also developing a potential therapy for ulcerative colitis, and its pipeline is full of exciting new medicines. That should help Eli Lilly’s revenue grow even more shortly.
Merck Stocks
Merck may be the right company to invest in if you are looking for a great buy. This company has an impressive record of delivering results. In a recent study, Merck’s Paxlovid reduced the risk of hospitalization by 89% in people who were unvaccinated or had a specific risk factor. Another study showed that Lagevrio reduced the risk of hospitalization by 30%. Despite these impressive numbers, it may not be the best time to buy Merck stock. This is because the stock has not yet broken out of a new flat base.
In Q2 results, Merck gained market share on several essential drugs, such as COVID-19. However, the company recently lost market exclusivity in China and will soon lose it in Europe. That’s why Merck is focusing on inorganic growth to expand its pipeline. Merck has reportedly been in talks to acquire Seagen, which makes drugs for cancer. Seagen is valued at $1.4 billion, which would give Merck a nice revenue boost and a terrific valuation – Sagen has one of the lowest price-to-earnings-growth ratios in the pharmaceutical industry.
MercadoLibre
MercadoLibre is a leading online marketplace that serves 18 Latin American countries. The company provides financial and technological solutions to small businesses, enabling them to transact across various industries. These services include e-store setup, loan financing, and advertising. The company has impressive growth prospects and a beaten-down valuation multiple. Its business model is powerful, as it serves as the largest e-commerce ecosystem in Latin America.
Although it has sunk quite a bit since its IPO in January, it is still a solid investment opportunity. It is well-positioned for growth in the near term but still faces short-term volatility. Despite this, MercadoLibre remains one of the 10 best stocks to buy right now.
Apple
There are many factors to consider when determining the 10 best buying stocks. One of the most important is your overall investment objective, which determines which stocks the best suit you. In addition to understanding your personal investment goals, you should also understand the current market trends. Generally, the best stocks are thriving in the current economic climate. In other words, the best stocks are those that have great companies and complementary macroeconomic conditions that are conducive to growth.
The best stocks to buy right now are those that will protect your capital against future economic uncertainties. Those with good growth potential will likely thrive in a rising interest rate environment. Stocks that are susceptible to decelerating economies will suffer. Companies with inadequate cash reserves will be hit hard by the higher interest rates.