The market has been a little crazy recently. The S&P 500 has swung wildly, dropping as much as 5% or more on several occasions this year. There have been times when it was apparent to sell, and others when it was obvious to buy stocks. But which is the right time for you? It depends on your personal goals and risk tolerance, among other factors. If you’re reading this article, chances are you’re someone who feels the need to invest in the stock market now. Amazon stock forecast today is $3,680, Tesla stock forecast today is $976.82, and PayPal stock forecast today is $124.27.
We get that—many people these days wait until retirement to invest in stocks. That might be great for your long-term goals; however, investing sooner is probably a good idea if you want to make a severe dent in them sooner rather than later. Even seasoned investors get caught up in the fear that grips the market from time to Market dips are great opportunities to find high-quality stocks at bargain prices—but only if you know where and how to look for them. According to the analysts below, we have the best stocks to buy now.
Becton Dickinson and Co (NYSE: BDX)
Investors often look to healthcare as a great place to spend money during economic uncertainty. That is because people tend to go to the doctor more often when they worry about losing their job or something else bothering them. If you’re considering getting into healthcare stocks, Becton Dickinson and Co is a great place to start. Becton Dickinson is a healthcare manufacturer with its fingers in many pies. It makes everything from syringes and IV bags to pregnancy test kits. It’s a company that has been around for almost 100 years. For that reason, it is one of the highest-quality stocks on the market. It has a relatively low debt level, a great brand, and a proven record of making shareholders money. If you are looking for a financially sound company that is also likely to see its business grow, BDX is a great place to invest.
ULTA Beauty (NASDAQ: ULTA)
While healthcare stocks might be a great place to put money when the economy is rocky, other industries might be even better. One such initiative is consumer discretionary. This sector includes travel and tourism, entertainment, sports, recreation, and other industries that are not as sensitive to economic issues. One significant investment in the consumer discretionary sector is ULTA Beauty. ULTA is a beauty products retailer taking the world by storm. Its sales have been growing by double-digit percentages for almost a decade. The company also has a high-profit margin and has been expanding into new product lines. So if you are looking for an investment that could take off as the economy improves and offers some degree of protection in a downturn, beauty products might be your best bet.
Intuit (NASDAQ: INTU)
One investment that has proven itself to be relatively recession-proof is software. Companies are constantly finding new ways to use technology, even in bad economic times. One great company in the software sector is Intuit, which makes financial management products such as TurboTax. Intuit is also a leader in the small business software sector. It was one of the first cloud-based providers of business software. Its QuickBooks offering is a leader in the field and is used by accountants, small businesses, and self-employed people worldwide. Software is an excellent option if you are looking for a relatively safe investment while still having a chance to grow.
Hospital Corporation of America (NYSE: HCA)
Another significant investment to make during times of economic uncertainty is real estate. It’s often a great source of income and tends to do well during times of high inflation. One outstanding stock to invest in is the Hospital Corporation of America. Hospitals generally have seen their profits soar as the population ages. The demand for healthcare services is likely to increase with an aging population. HCA, in particular, is focused on providing outpatient and other services that are likely to increase in demand. Hospitals might be the way to go if you are looking for a company that might be good to own for the long term.
These are only a few examples of great stocks to buy during market volatility. There are plenty of others to choose from, and you can use any of them to start building a great portfolio. Just make sure that you do your due diligence on each one. Look for financially sound stocks that have a reasonable growth rate and are priced reasonably. You don’t want to buy overpriced stocks, but you also don’t want to buy too cheap stocks.