If you think the stock market’s best days are behind us, you’re not alone. Many investors feel that way. But that doesn’t mean stocks can’t continue to be an excellent investment for the foreseeable future. Even though the stock market is currently experiencing a correction and significant indexes like the S&P 500 and the Nasdaq haven’t hit new all-time highs in over a year, it still might be a good time to buy stocks. Amazon stock forecast today is $3,680, Tesla stock forecast today is $976.82, and PayPal stock forecast today is $124.27.
There are several reasons why stocks could be a fantastic investment in the future. The global economy continues to grow at an accelerated pace; there are compelling opportunities for businesses to invest in artificial intelligence, blockchain technology, and other emerging technologies; and U.S. corporate earnings have been on the rise again after multiple quarters of disappointing earnings reports.
First, let’s talk about the three pillars of a stock market that’s doing well. You want to see global economic growth accelerate, you want to see earnings growth, and you want to see low-interest rates. The first pillar is economic growth. For businesses to grow, people need to buy goods and services. Companies don’t have money to grow if people aren’t spending money. As economic growth increases, so do stock prices. It’s a straightforward relationship and one that has held for decades. If the global economy continues to do well, it will support stock prices. Analysts have listed the best stocks to buy now below.
Rollins, Inc.(NYSE: ROL)
If you’re searching for a firm that sells over-the-counter medicine, healthcare supplies, and healthcare services, you may want to consider purchasing shares of Rollins, Inc. (NYSE: ROL). The company is a major distributor of healthcare products in the United States. ROL’s customers are primarily in the healthcare, retail, and convenience services industries. The company also operates a couple of brands recognized by many consumers in the United States, including the National Brand of Antacids and the National Brand of Sore Throat Lozenges. ROL is an excellent company to buy because it has a massive distribution network. The company’s distribution network spans all 50 states and Puerto Rico. This massive distribution network is essential because it helps the company quickly deliver its goods to customers. Although ROL primarily distributes healthcare goods, it has other products that complement its business, including various household goods and select food items.
Hyatt Hotels (NYSE: H)
Consider purchasing Hyatt Hotels stock if you’re trying to invest in a company that offers lodging for tourists (NYSE: H). Hotel management firm is one of the world’s biggest. It currently has more than 500 properties in its portfolio, including more than 40,000 rooms. Hyatt’s hotels are primarily located in the United States, China, Brazil, and India. The company’s business model is pretty simple. Hyatt owns hotels, provides management services for third-party hotels, and leases out space in its hotels to third-party businesses. The company also owns a couple of businesses that offer travel booking services to customers. Hyatt’s most recent earnings report showed that revenue and profits were up year-over-year. Given that the information was for the second quarter of the company’s fiscal year, Hyatt’s performance in the first quarter was likely even better. Hyatt is a good company because it has a great brand, provides a valuable service to customers, and has a competitive advantage in its industry.
The Toro Company (NYSE: TTC)
If you’re looking for a company that provides landscaping, gardening equipment, and services, you might want to consider buying shares of The Toro Company (NYSE: TTC). The company is a leading manufacturer and marketer of outdoor power equipment, turf products, and related services. Toro’s portfolio of products includes a full range of commercial cultivation equipment and consumer-grade turf maintenance products. The company also offers a range of connected consumer products, including various outdoor power equipment, outdoor power tools, outdoor power toys, outdoor power sports equipment, outdoor power vehicles, outdoor power equipment parts, outdoor power accessories, and outdoor power bags. The Toro Company is an excellent company to buy because it is a dominant business in the market. Commercial landscapers and nurseries use the company’s turf equipment and cultivation equipment. The company also has several consumer brands, such as TimeCutter and Hover Lawn. Toro’s most recent earnings report showed revenue and profit were up year-over-year. The company currently trades at a very reasonable price-to-earnings ratio of around 21.9. That suggests that the stock is reasonably priced and is now a good buy.
The Priceline Group (NASDAQ: BKNG)
If you’re looking for a company that provides online travel booking services, you might want to consider buying shares of The Priceline Group (NASDAQ: BKNG). The business is a global leader in internet travel.The Priceline Group has three primary brands: Booking.com, Agoda.com, and Priceline.com. The company also owns several smaller brands, such as Kayak and OpenTable. The Priceline Group has a strong presence in the online travel booking market. The Priceline Group is an excellent company to buy because it is a dominant player in the market. The company owns three of the world’s most popular online travel booking sites and has a strong brand. The P/E ratio for the Priceline Group is now at 32.That means the stock is presently relatively cheap and is a good buy.
Bottom line
If you’re thinking of buying stocks, you might want to consider investing in companies that provide healthcare goods and services, landscaping and gardening equipment, and online travel booking services. All three industries are expected to see growth in the years ahead. And these industries are also likely to experience low levels of competition, which is always a good thing for investors. So if you’re looking for good stocks to buy over the next decade, you might consider investing in any of these companies.
