New highs in the broad market are incredible for investors, but that doesn’t mean there aren’t great stocks to buy now. First, you must know where to go to locate the most significant stores to invest in right now. Finding a firm with significant growth potential is just a question of time. Amazon stock forecast today is $3,680, Tesla stock forecast today is $976.82, and PayPal stock forecast today is $124.27.
This post will analyze why these are the best stocks to buy now and which ones we believe are most promising as an investment. These companies have proven track records, increasing revenue and earnings over the last few quarters. These are not risky startups or unproven businesses; they are stable blue-chip companies with their operational ducks in a row and explosive growth potential ahead of them.
RPM International Inc. (NYSE: RPM)
RPM International is an industrial packaging and processing company. The company has three main business segments: industrial packaging, processing, and engineered materials. Industrial packaging operates in the paper and plastic packaging industries. Industrial processing works in fluid, food, dairy, and other specialty process industries. The engineered materials segment produces engineered fabrics and plastic films. RPM acquired Australian Packaging Holdings in 2018, which is expected to add $60 million to $65 million in annual earnings. The acquisition will expand RPM’s packaging offerings in Australia and New Zealand, an area that has seen strong growth in recent years. In the third quarter, the acquisition is scheduled to be finalized. Unfortunately, RPM Stock has had a few misses over the last year. First, the company’s 2018 earnings fell short of analysts’ estimates. After the news hit, the stock dropped 10% and didn’t recover for several months. The second hiccup was a disappointing third-quarter earnings report. But investors shouldn’t overlook these speed bumps. RPM has the perfect storm of growth drivers, a strong balance sheet, and a reasonable valuation for a blue-chip stock. Over the next three years, the firm’s profits should increase by 10% annually. And with a P/E of 15.3, RPM stock is trading at a reasonable valuation.
Stitch Fix Inc (NASDAQ: SFIX)
Fashion-focused e-commerce company Stitch Fix is expected to grow revenue by more than 50% in fiscal 2020. Since coming public in 2018, the company’s stock price has risen at a blistering pace. Stitch Fix’s business model is unique. Customers fill out a quiz about their style preferences, including price range and favorite brands. Then, Stitch Fix sends customers a box with five items of clothing. Keep what you like and return what you don’t. The company uses artificial intelligence to predict what customers will like, which increases the odds of a “keep.” The AI system has been a massive success for the company. In fiscal 2018, Stitch Fix saw a 26% increase in gross profit, a 24% increase in total revenue, and a 13% increase in items shipped. And the company is expected to continue growing. Stitch Fix’s earnings should grow at a 43% annual rate over the next few years. And with a P/E of 185.5, Stitch Fix is priced higher than most of its peers. But with such explosive growth potential and a high-margin business model, Stitch Fix stock is a great buy right now.
NICE Systems Ltda (NASDAQ: NICE)
NICE Systems, a software and analytics solutions provider, is expected to grow earnings at a steady 17% annual rate over the next few years. The company’s products are used by over 25,000 organizations worldwide. NICE’s products help businesses manage their operations and customer interactions. The company’s software solutions enable organizations to collect data from their processes and customer interactions, find patterns and make decisions based on the data. NICE’s earnings have grown steadily for the last few years. The company’s revenue has also grown steadily, with a slight drop in fiscal 2018. Despite the decline, NICE’s revenue is still high, and the company is profitable. NICE’s high growth rate and low valuation make it a good buy. The company’s earnings are expected to grow at a steady 17% annual rate over the next few years. NICE’s P/E is just 14.5, which is low for a blue-chip stock. And the company has a strong balance sheet, with just $20 million in debt.
Hawaiian Holdings, Inc. (NASDAQ: HA)
Hawaiian Holdings is involved in the travel industry. Hawaiian Airlines, the company’s largest business segment, flies to 85 destinations across the U.S., Asia, Australia, New Zealand, the South Pacific, and the Middle East. Hawaiian Air’s operations have been growing steadily. The company has been adding destinations and increasing its flight hours. Hawaiian Airlines has also seen an increase in capacity (the number of seats available) and load factor (how many of their hearts are filled). That makes Hawaiian Airlines the most significant domestic carrier in the state and the second-largest domestic airline in the United States. The company also owns Hawaiian Airlines High-Frequency Flyer rewards program, which offers frequent-flyer miles. Hawaiian Airlines is expected to grow earnings at a 15% annual rate over the next few years. The company’s stock has also been growing strongly since it bottomed out in early July. The travel industry is expected to grow in the future. Rising incomes increase tourism, and an aging population (which makes travel more common) will increase travel spending. Hawaiian Airlines also has a substantial cost position, which will keep costs low as fuel prices rise.
It was the purpose of this essay to examine which stocks are the best to purchase right now and why. These companies have proven track records, increasing revenue and earnings over the last few quarters. These are not risky startups or unproven businesses; they are stable blue-chip companies with their operational ducks in a row and explosive growth potential ahead of them. This list includes stocks from a variety of different industries. These stocks are great to buy now because they are hitting all-time highs, their valuations are reasonable, their growth is stable, and their ambitions are experiencing strong growth.