Best Stocks To Make Money Quick
The single best decision an investor can make is to get their money into the market. Simply putting your money to work for you as soon as you can will beat timing the market every time.
That works even better when you own the best stocks.
And that's exactly what we have for you today.
These are the five best stocks to buy right now, a list curated from our experts here at Money Morning. These are the best stocks from some of the hottest sectors in the market, including tech, electric vehicles, artificial intelligence, and even a stock that pays you 11% returns just to own it.
Whether you're a seasoned investor looking to get an edge or you're looking to buy your first stock, we're confident you'll find a great stock to add to your portfolio today.
In fact, the first stock on our list has the potential to more than double from today's prices...
The Best Tech Stock to Buy Now
The Trade Desk Inc. (NASDAQ: TTD) created the perfect business for today's advertising market.
Trade Desk uses big data to tailor digital advertisements directly to customers. And because it isn't tethered to one platform or another - think Facebook - it has a huge ability to scale.
One of its biggest use cases so far has come from digital streaming. Instead of a traditional ad on TV that's blasted out to everyone tuned into the channel, Trade Desk serves different users different ads based on their personal data. That means users get ads targeting their interests and demographics.
The company has 70 different networks supplying ads, which produces 580 billion ad impressions per day. It even has an artificial intelligence engine called Koa that helps tailor these ads on the fly.
That's been hugely profitable for it.
The Trade Desk has grown sales by 1,758% over the last six years. And it's not slowing down.
Money Morning Defense and Tech Specialist Michael Robinson projects Trade Desk's earnings growth will continue at its three-year average pace of 59%. Based on that growth, his price target for TTD is $162 a share by the end of 2022, a 125% gain.
The Best Dividend Stock to Buy Now
Many investors make the mistake of assuming dividend paying stocks are conservative, slow-growing investments.
The reality is investors who owned dividend stocks made a 10% annual return on their money between 1986 and 2016. The overall market returned an annual gain of just 6.6% in the same time frame.
And while there's no bad time to invest in dividend stocks, this is an especially good time to lock in a solid yield.
You see, with inflation rising, investors fear the Fed could hike rates and put a lid on the market's growth. But some industries are inflation resistant. In fact, rising prices could be a good thing for some sectors, like commodities.
That's why Money Morning Chief Investment Strategist Shah Gilani's best stock to buy here is Rio Tinto Ltd. (NYSE: RIO).
It's one of the biggest and most profitable mining companies in the world.
Rio Tinto is deeply undervalued according to Shah. It's trading 40% below its 52-week high and sports a bottom barrel price/earnings ratio of 5.29.
Shah says this stock is going to do gangbusters as the global economy gets back into gear. A little inflation won't hurt it either.
But the reason it makes our best stocks to buy list is that it pays a gargantuan dividend yield of 11.2%.
Best Cannabis Stock to Buy Now
Cannabis investing has gone mainstream. But the good news is it's still very early in the sector's growth.
That's why one of the best stocks to buy is a cannabis company.
Twenty-two states have legalized marijuana for medicinal purposes, while 18 have legalized marijuana for all uses, including recreational uses.
That means the size of this industry has room to more than double on state legalization alone. Never mind the growth some brands will see as they claim market share or as Americans turn to cannabis to replace expensive prescription medication or alcohol.
Simply put, this is going to be one of the fastest growing sectors in the market for years to come.
But to get the most profit potential out of this growth, investors need to get in now. The best way to do that is to target Florida.
Florida will be the fourth largest legal cannabis market in the United States by 2025. That makes it worth $2 billion a year in sales. And it hasn't even legalized marijuana for recreational use yet.
By owning multi-state operating companies building a foundation here, you'll get a double pop from Florida's legalization and the rest of the country legalizing cannabis.
The best stock to do that is Curaleaf Holdings Inc. (OTC: CURLF).
Curaleaf already operates 37 stores in Florida and plans to open 23 more by the end of next year. Even better, it operates 106 stores across the entire country and is taking over European operations too.
Cannabis investing expert Danny Brody says Curaleaf belongs as the "centerpiece in everyone's cannabis portfolio." With that sort of praise, it's no wonder the National Institute for Cannabis Investors expects this stock to soar 284% higher.
The Best EV Stock to Buy Now
You're going to have a hard time finding a more exciting sector than electric vehicles (EV).
After Tesla Inc.'s (NASDAQ: TSLA) 1,300% runup since the start of 2020, investors are salivating at the opportunity to get in early on the next big EV stock.
For good reason too.
The electric car industry is expected to explode by 434%, from $247 billion last year to $1.3 trillion by 2028, according to Fortune Business Insights. It's rare to see industry growth like that.
It's also why a list of car makers is lined up trying to cash in on this trend.
You've got legacy carmakers like Ford committing to make half their vehicles electric by the end of the decade, including launching an all-electric F-150, its flagship vehicle, this year. Plus, a line of startups from Lucid to Nio to Rivian all competing to own the EV space.
You can invest in these companies and hope they scoop up a big chunk of market share in a fast-growing sector.
But what makes our pick the best stock to buy here is that it's not trying to compete with Ford or Tesla - it makes money alongside the whole sector.
Shah's best stock play here is Beam Global (NASDAQ: BEEM).
Beam makes the infrastructure for EV charging. It does it all, too. It owns the patents for EV charging stations, it engineers them from the ground up, and it manufactures them.
It's a one-stop shop for making sure EV drivers have a place to charge up, which is going to be a huge demand as more and more cars go electric.
Beam is also innovating here too.
It just made the world's first transportable, solar-powered EV charging station that can charge up to 12 cars. That's the perfect solution to adding charging stations to existing infrastructure, like parking lots, stadiums, and hotels.
But the main reason Shah loves the stock is it has decades of growth ahead of it. It's a small company with $6.2 million in revenue last year, but that makes it a true ground-floor opportunity.
The company is expected to double revenue this year, then double it again next year.
The Best Stock to Buy Now
The tech sector is where some of the most explosive stocks on the market are found. When looking for the best stocks in tech, you can't settle for middling returns or a company content with its market share. You want a transformational company.
That's why our best tech stock is Nvidia.
You see, Nvidia is more than a semiconductor business, though it is one of the best. And that's a $500 billion industry by itself.
Nvidia's chips are powering everything from cryptocurrencies to driverless cars to artificial intelligence. These are some of the most exciting sectors for growth.
Take driverless cars, for example.
Nvidia has more employees working on driverless cars than Alphabet's Waymo, an actual driverless car project. There's a good reason for that too.
As more and more companies race to develop autonomous vehicles, they'll need powerful computers to make them work. Nvidia's DRIVE Orin chip is essentially a supercomputer on a chip, made for driving technology.
That's the sort of exciting tech business we're looking for, but it's one of the best stocks to buy because it's been red-hot lately too.
After its June stock split, the share price has driven 25% higher. But that's nothing compared to what Money Morning Defense and Tech Specialist Michael Robinson predicts. His conservative prediction is that Nvidia will see 30% annual growth, which means it could double its earnings in two years.
If its price/earnings ratio stays constant, that means a potential 100% profit for investors who buy now.
Best Stocks To Make Money Quick
Source: https://moneymorning.com/tag/stocks-to-buy/
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