Choosing to enter the stock market game and invest your money is a risky and potentially very profitable decision. You shouldn’t take this choice lightly, and you need to consider all the different options you have laid out in front of you. However, if you’ve made your decision and want to buy some stocks, now is a great time to do so. The Federal Reserve has decided to keep interest rates the same for now, and it looks like that trend will continue.
Some areas that are experiencing a surge in success right now are stocks in the food industry, cannabis, healthcare, and technology. These stocks have been on multiple major stock market indexes including the New York Stock Exchange (NYSE) and the National Association of Security Dealers Automated Quotations Stock Market (NASDAQ). Plus, all of these stocks look like good short-term and long-term bets. Since the stock market is pretty hard to predict, having a good guarantee that you’ll get a return on your investment is comforting. Let’s look into the top six stocks you can buy right now. All prices and statistics are accurate at the time this was posted.
Grocery Outlet Holding Corp. (GO)
Grocery Outlet Holding Corp. has a business model similar to TJ Maxx. They buy overstocked products and then sell them at a massive discount, often getting huge profits in return. These discount stores have been getting more and more popular, and that trend doesn’t look like it’s going away. Long-term investors say this looks like one of the best stocks for July, for a few reasons.
For starters, GO has more than doubled its number of brick-and-mortar stores in the past 13 years. In the past quarter, sales rose by 4.2%. As of right now, it’s $32.71* per share, so you might want to buy some stock in this company before the price gets too high.
Teladoc Health (TDOC)
Teladoc Health pairs healthcare with technology to better serve its customers. Patients communicate with healthcare providers remotely, either by phone or computer, to get help and advice on treatments. This service greatly reduces the cost of healthcare and travel, which benefits Teladoc’s customers in a real way.
Additionally, Teladoc’s customer base includes 40% of the Fortune 500, major government healthcare programs, and thousands of small businesses. Teladoq has a leg up on the competition, quickly gaining new international customers every day who are seeking cheaper healthcare. Currently, shares are sitting at $69.10*.
Luxury pet care has seen an uptick in recent years, and there’s no reason you shouldn’t capitalize on that trend. Chewy is an e-commerce retailer that specializes in medicine, food, and other pet products. Animal health companies are hot right now, making this a great short-term return stock that you can enjoy.
Shares are $33.31* for right now, but that’s bound to change. Revenue growth for Chewy has boomed by 68% in 2018 to $3.53 billion. Don’t let this great investment slip out of your hands!
The tech giant Alphabet is a leader in the artificial intelligence industry, so you should consider buying some shares of this stock before it gets much more expensive. Right now, shares are sitting at $1,120.93*. As you can see, this is already a coveted stock that will only continue to grow.
Part of the reason Alphabet is such a great, sought after investment is that its collection of products include things like Google Search and YouTube. Image and voice recognition and self-driving cars are also huge developments this company has helped bring into the world. If Alphabet’s already accomplished that, who knows what other big invention they’ll put out next.
Del Taco Restaurants (TACO)
Meat-free diets have been super popular recently, and Beyond Meat has helped further that trend. The tasty meat replacement is available at Del Taco, which is one of the biggest distributors of Beyond Meat on the market. Vegans, vegetarians, and other health junkies love these products and continue to pour money into the fast-food meat alternative.
Stocks are only $12.50* right now, making it a steal. It’s not a high-growth stock, but it’s a relatively cheap investment that would bring a modest return. Del Taco has sold more than two million Beyond Meat tacos since April. If those numbers don’t speak for themselves, nothing does.
Canopy Growth (CGC)
As you probably know, the cannabis industry has been booming since the push to legalize it. While medical marijuana hasn’t been legalized in every state, it’s certainly gaining traction and becoming more popular. Canopy Growth boasts of 10 licensed cannabis production sites, with operations in 11 countries across five continents. This is definitely one company that has roots all over the world and is ready for some serious growth.
With shares currently at $39.24*, this is a moderately priced investment that could bring back huge returns. What’s special about this company, though, is that it’s partnered with the alcoholic beverage manufacturer Constellation Brands. A nice $4 billion investment from Constellation ensures that Canopy has a stockpile of cash to use. If you consider that with the fact that Canopy is ready to jump into the US medical marijuana market as soon as federal law permits, this investment is a no-brainer.
*Prices as of 7/11/2019