May 2, 2021 6 min read

This story originally appeared on StockMarket

4 Trending Industrial Stocks To Consider Adding To Your Watchlist This Week

With the economy reopening, investors could be searching for the top industrial stocks to buy in the stock market today. Last year, the sector had a huge setback when the COVID-19 pandemic brought industrial operations to a halt. Now, thanks to aggressive vaccination campaigns nationwide, industrial activities would be on the recovery. If you couple that with President Biden’s recent $2 trillion infrastructure plan, the industrial sector may just have enough to bounce back. As such, it may be an appropriate time to be looking at industrial stocks now. Especially since some of them are now trading at more reasonable prices.

If anything, industrial stocks could be one of the better bets in the stock market for more conservative investors. This could be the case as investor fears over inflation have led to sell-offs in high growth stocks before. Evidently, industrial giants such as Trimble Inc. (NASDAQ: TRMB) and Honeywell (NYSE: HON) continue to flourish as the economy recovers. Overall, industrial stocks could be looking at significant tailwinds ahead. Given all of this, you might be looking to add some industrial stocks to your portfolio as well. If you are, here are four of the top industrial stocks to buy in the stock market now.

Industrial Stocks To Buy [Or Sell] Right Now

Caterpillar Inc.

First, on the list, we have world-leading manufacturer of construction, mining, and energy transportation equipment, Caterpillar Inc. With the economy on its way to recovery, CAT stock has been performing rather well. CAT shares hit a record high this year at $237.78 and are looking at gains of over 90% in the past year. With such momentum, could investors be eyeing CAT stock now?

The company recently reported an unexpected first-quarter result. Revenue grew 12% to $11.9 billion. Adjusted profit per share surged an impressive 74% to $2.87. According to Caterpillar, the surprising sales increase is thanks to higher end-user demand driving sales volumes this quarter. Moreover, the company also cited dealers increasing inventories as another key growth driver on this front.

The company also reported a strong balance sheet with an $11.3 billion enterprise cash balance, a 21% increase from Q4 2020. Caterpillar seems to be on a good pace with its recovery as sales were up across its three primary segments. Namely, its core construction division raked in total sales of $5.459 billion for the quarter, an increase of $1.15 billion quarter-over-quarter. CEO Jim Umpleby said, “We’re encouraged by improving conditions in our end markets and are proactively managing supply chain risks.” Should Caterpillar continue to perform this year, would you bet on CAT stock today?

[Read More] Hot Stocks To Buy Today? 4 Tech Stocks Trending Now

Boeing Company

Boeing, a company well­-known for its top-of-the-line aircraft, is a leader in the aviation space that needs no introduction. A huge chunk of the company’s revenue comes from its commercial aircraft segment. With the pandemic hitting hard on the aviation industry, Boeing was inevitably impacted. This year, however, BA stock could be a viable reopening play for investors anticipating higher air-travel demand post-pandemic.

Just last month the company reported its first-quarter earnings. For starters, Boeing reported a total revenue of $15.2 billion. This was driven by higher deliveries of its 737-series aircraft throughout the quarter. Boeing delivered 77 commercial airplanes, a 54% year-over-year rise. The likes of which consisted of 58 units of its 737 MAX aircraft. Additionally, Boeing’s 787 aircraft resumed deliveries in late March after recent clearance from the US Federal Aviation Administration (FAA). On top of all that, the company is also looking at backlog orders of over 4,000 airplanes at the moment. According to Boeing, these add up to a value of $238 billion and will be fulfilled in the coming months.

The defense segment is seeing some tailwinds as it reported a 19% revenue increase to $7.2 billion. Backlog at Defense, Space & Security was $61 billion, of which 31% represents orders from customers outside the U.S. All in all, it seems like Boeing is kicking into high gear now. Would you consider adding BA stock to your watchlist?

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General Electric Company

General Electric (GE) is an industrial conglomerate that has a stake in multiple industries. Some of its main sectors include healthcare, energy, aviation, and industrial manufacturing. For the most part, few can boast a portfolio as diverse as GE’s. This could make GE stock a more attractive bet for investors looking to bank on industrial players now. In fact, the company’s shares are currently up by over 90% in the past year. Could GE stocks be worth investing in now?

Well, we could take a look at the company’s recent quarter fiscal to get a clearer idea on this. Earlier this week, GE reported solid figures in its 2021 first-quarter fiscal. In detail, the company posted a total revenue of $17.1 billion for the quarter. On top of that, GE also saw its industrial free cash flow increase by $1.7 billion year-over-year. 

On the operational front, the company has also been hard at work streamlining its portfolio. This would aid GE in better managing debts and focusing on its core sectors. Given the challenging operating environments across the company’s core businesses, GE remains resilient. Nevertheless, as broader economic recovery takes place, would you consider GE stock a buy right now?

[Read More] Best Undervalued Stocks To Buy? 4 EV Stocks To Know

Raytheon Technologies Corporation

Raytheon Technologies is an aerospace and defense company that provides systems and services for commercial, military, and government clients worldwide. Particularly, its core end markets include the avionics and cybersecurity industries. Given Raytheon’s current position in the defense industry, its services would be in demand right now. This would be the case given the recent surge in cyber threats in the private and public sectors. Similarly, RTX stock appears to be picking up momentum with year-to-date gains of over 20%. Could this mean that RTX stock has more room to run moving forward?

Well, for one thing, the company recently reported impressive figures in its first-quarter fiscal, beating Wall Street’s estimates. Firstly, Raytheon saw more than $753 million in net income, reversing its loss of $83 million a year ago. Additionally, sales grew over 30% year-over-year to $15.25 billion. The company also appears positive about its performance moving forward. We can see this as it raised bottom-line estimates across the board for its fiscal year 2021 outlook.

CEO Greg Hayes cites strong defense backlogs and continued recovery in commercial air travel as key factors for this update. Now, Raytheon seems to be firing on all cylinders while RTX stock trades below pre-pandemic levels. All things considered, could now be the time to invest in RTX stock?

https://www.entrepreneur.com/article/370873

April 29, 2021 6 min read

This story originally appeared on StockMarket

Should Investors Be Watching These Top Cyclical Stocks Right Now?

In today’s stock market, cyclical stocks appear to be the name of the game. Now, most investors are likely aware of the overall appeal towards cyclicals as the economy recovers. This would be the case seeing as companies in this sector offer consumer discretionary services. Subsequently, investors received more positive news this morning as the U.S. gross domestic product (GDP) continues to rise. Particularly, the nation’s GDP is up by a seasonally adjusted annual rate of 6.4% as of Q1 2021. When you consider the boost in consumer spending thanks to stimulus checks, this makes sense. After all, a rise in consumer demands would incentivize businesses to kick into high gear, increasing overall output. Not to mention, with the current pace of vaccinations nationwide, cyclical tailwinds could continue well into 2021.

We only need to look at restaurant giants such as McDonald’s (NYSE: MCD) and Starbucks (NASDAQ: SBUX) to see this. Namely, both companies are reportedly seeing their businesses return to pre-pandemic levels, as per their earnings reports. In the case of McDonald’s, the company saw its global comparable sales growth surpass 2019 levels. At the same time, companies in the travel industry appear to be on the uptrend as well. For example, cruise ship stocks like Carnival Cruise (NYSE: CCL) would be a viable reopening play right now. Seeing as cyclical stocks seem to be heating up across the board right now. Take a look at these four trending names on the stock market now.

Cyclical Stocks To Watch Ahead Of May 2021

Nike Inc.

Nike is a multinational corporation that develops and sells apparel, equipment, footwear, and accessories. To start things off, the company is one of the largest suppliers of athletic shoes and apparel in the world. It is also one of the most valuable brands among sports businesses. As of 2020, it employs over 76,000 people worldwide and made a revenue of over $37.4 billion in its fiscal year 2020. NKE stock currently trades at $133.77 as of 1:02 p.m. ET.

Last month, the company reported its fiscal 2021 third-quarter results. Firstly, it reported a revenue of $10.4 billion, up by 3% year-over-year. Direct sales were $4 billion for the quarter, up by 20% on a reported basis.

Unsurprisingly, Nike’s digital sales soared by an impressive 59% with strong double-digit growth in all geographies. Despite being hit hard by the pandemic last year, the company has been investing significantly in its e-commerce platform. Given how Nike’s brand momentum is as strong as ever, it continues to drive focused growth on its largest opportunities. With that in mind, will you watch NKE stock?

[Read More] Best Stocks To Buy Now? 4 Growth Stocks To Watch Before May 2021

Qualcomm Inc.

Qualcomm is a multinational cyclical company that is headquartered in California. It creates semiconductors, software, and services related to wireless technology. Today, its foundational technologies enable the mobile ecosystem and its products are found in every 3G, 4G, and 5G smartphone. QCOM stock currently trades at $141.43 as of 1:02 p.m. ET and has been up by over 75% in the last year. The company had just reported its second-quarter financials yesterday.

In detail, it reported a revenue of $7.9 billion for the quarter, a 52% increase year-over-year. Net income for the quarter was $1.76 billion, a whopping 276% increase compared to a year earlier. Qualcomm also posted a diluted earnings per share of $1.53 for the quarter. The company said that it delivered another quarter of growth that was driven by the sustained demand for smartphones globally. It also attributed this successful quarter to its ability to increase the scale of its non-handset revenues. All things considered, will you buy QCOM stock?

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GameStop Corp

GameStop is a Fortune 500 company that is headquartered in Texas. The company is a leading specialty retailer that offers games and other entertainment products through its e-commerce properties and stores. The company is in the midst of rapid transformation given its developments since the start of the year. GME stock currently trades at $173.13 as of 1:02 p.m. ET and has been up by a mind-blowing 900% year-to-date.

Earlier this month, the company announced its chief executive officer succession plan. Ryan Cohen, incoming Chairman of the Board, commented, “GameStop appreciates the valuable leadership that George has provided throughout his tenure. He took many decisive steps to stabilize the business during challenging times. The Company is much stronger today than when he joined.”

The company also announced a slate of director candidates for its 2021 annual meeting of stockholders. The candidates include Larry Cheng. Larry focuses on disruptive companies in e-commerce and gaming, making him a prime candidate for the company moving forward. With that being said, will you consider watching GME stock?

[Read More] Hot Stocks To Invest In Right Now? 4 Health Care Stocks To Watch

Home Depot Inc.

Another top cyclical stock to know now would be Home Depot (HD). In brief, HD is the largest home improvement retailer in the U.S. The company boasts 2,298 stores across the U.S., Puerto Rico, Guam, Canada, and Mexico in terms of scale. Through all of these locations, HD provides consumers with tools, construction products, and related services. If anything, home improvement trends could maintain their current momentum given the overall improvements in the economy now. Could this make HD stock worth investing in?

Well, for one thing, HD is not sitting idly, to say the least. As of today, HD is offering new natural disaster preparedness resources to its customers. This includes workshops, supplies with step-by-step assembly guides, and other online services. This move is a timely one indeed. Why? Well, the Federal Emergency Management Agency (FEMA) recognizes May as National Wildfire Preparedness Month. Additionally, FEMA also notes May 9 to 15 as National Hurricane Preparedness Week.

In theory, all this would appeal to homeowners living in natural disaster-prone regions. From this, it is clear that HD appears keen on staying relevant by meeting the shifting needs of its customers. Could this make HD stock worth adding to your May watchlist now?

https://www.entrepreneur.com/article/370731

April 28, 2021 6 min read

This story originally appeared on PennyStocks

Top Penny Stocks to Watch Next Month  

With penny stocks in focus, there are a lot of moving parts that investors need to consider. For one, we have to consider the trends that are in play right now. And in April 2021, there are two to keep in mind. First, we have to account for the phenomenon of Reddit penny stocks. 

For those unfamiliar, Reddit is the popular social media website that caused the Gamestop Corp. (NYSE: GME) fiasco only a few months ago. This is a website that allows communities of traders to come together to find the best penny stocks to buy. Because of this, the influence of retail traders has arguably never been higher. While this is only one factor to consider, it is important to keep in mind. 

Second, investors need to understand the impact of buying penny stocks on Robinhood. While other brokerages offer similar options, Robinhood has served to democratize trading since its inception. A few years after the launch of Robinhood, many platforms saw its success, and are now competing for their share of retail investors. This has resulted in the influx of many young and non-institutional traders.

[Read More] 3 Penny Stocks To Watch As Biotech Surges In April 2021

However, the impact of buying penny stocks on Robinhood has given traders of all types, agency over their portfolios. Both of these factors show that institutional investors are no longer in control of the market wholly. 

And because of this, creating a list of penny stocks has never been easier. But, investors still need to account for factors such as speculation and fundamentals, before pressing send on a buy order. With all of this in mind, let’s take a look at some of the top penny stocks to watch next month. 

3 Penny Stocks to Watch in May 2021 

1. Uxin Ltd. (NASDAQ: UXIN)  
2. Transocean Ltd. (NYSE: RIG) 
3. Senseonics Holdings Inc. (NYSE: SENS) 

1. Uxin Ltd. (NASDAQ: UXIN)

Up by more than 20% in early morning trading, Uxin Ltd. is a provider of used car dealer services in China. This includes purchasing services, after-sale offerings, consulting, and more. In addition, it deals with nationwide logistics for auto transport as well as title transfers.

This business model has grown substantially alongside the economic growth of China in the past decade. Because the country has gone from largely agrarian to hyper-industrialized in only a short time frame, many businesses have been able to capitalize on this transition. 

While some double-digit percentage gains occur without reason, Uxin reported its unaudited third-quarter fiscal year 2021 financial results on April 28th. With this, let’s take a closer look at its Q3 numbers. During the quarter, the company announced that it began operations at its first inspection and reconditioning center based in Xi’an, China. 

[Read More] 3 Reddit Penny Stocks To Buy On Robinhood Under $5

Additionally, it managed to complete transactions for more than 30,000 vehicles through both online and offline sales. For the quarter, Uxin reported total revenue of around $49.5 million. This is more than triple what it reported only a quarter prior, while albeit being lower than Q3 2020. Although it did take in a net loss of $26.5 million, it managed to increase its gross margin to 2.9% over a negative margin of 22.4% last quarter. 

“We are pleased to report that we have completed our strategic transformation into an inventory-owning model in the quarter ended December 31, 2020. This successful transition reflects our commitment and ongoing efforts to better serve our customers with our online products and services…We are building our own inspection and reconditioning centers, or IRCs, where we can refurbish selected inventory to a like-new condition.”

CEO of Uxin, Mr. Kun Dai

Considering this positive news and its interesting business model, is UXIN stock worth watching?

2. Transocean Ltd. (NYSE: RIG) 

RIG is another popular penny stock working in the energy industry. Only a few days ago, announced that it would be reporting its Q1 2021 financial report on May 3rd. Ahead of this, let’s take a closer look at Transocean Ltd. Transocean provides offshore contract drilling services for the oil and gas industry. This includes the global energy industry, with a focus on both harsh environment drilling, and deepwater operations. 

To date, it has full or partial ownership in 37 offshore drilling units. This includes 27 ultra-deepwater floaters and 10 harsh environment floaters. Additionally, it is working on the construction of two more ultra-deepwater drillships right now.

In its fourth-quarter 2020 report, RIG managed to improve its bottom line, with total revenue of $690 million. While this did miss the Zacks estimate of $7007 million, it is still a substantial increase over the investor expectation for such a pure-play energy company. 

This is considering the fact that the pandemic has resulted in lower oil and gas demand throughout the past year or so. Additionally, the company reduced its drilling activities as a result of the lower demand figures. Interestingly enough, the company reported in that time frame that average day rates had risen by almost $30,000 to $347,500.

This came alongside strong year-over-year average revenues per day growth. For 2021 guidance, the company expects to pull in around $2.7 billion in contract drilling revenues. Similar to GEVO, RIG is subject to the high volatility of the oil and gas industry. With that in mind, is Transocean a buy or not?

3. Senseonics Holdings Inc. (NASDAQ: SENS) 

Senseonics is a biotech penny stock working in the medical tech sector. It is focused on designing and commercializing products aimed at the diabetes care marketplace. This includes its CGM systems, Eversense and Eversense XL products, and others. These products are inserted into the skin and can communicate with a user’s smartphone via data sent every five minutes. 

Considering the size of the diabetes market in the U.S., Senseonics looks like it could have a lot of opportunities in the future. But, this greatly depends on how quickly and how much it can commercialize its products. In its fourth quarter and full-year 2020 report, announced last month, Senseonics generated almost $4 million in revenue. Additionally, it managed to raise roughly $175 million in proceeds from equity offerings undergone in Q1 2021. 

[Read More] Cheap Penny Stocks To Buy Under $1 On Robinhood, Webull & Fidelity

Tim Goodnow, President, and CEO of Senseonics, stated that “we are very pleased with our fourth-quarter results, our commercial collaboration agreement with Ascensia, and the success of our recent financings. These steps conclude a strategically transformational year for Senseonics.” 

The collaboration agreement with Ascensia includes marketing and sales activity for the European market. Because SENS has yet to tap into Europe, this could present solid potential if all goes according to plan. In the U.S., more than 34.2 million people, or 10.5% of the population, have diabetes, according to the Diabetes Research Institute. Because this disease is so prevalent, the need for modern innovations in diabetes care is incredibly important. Considering its market position, is SENS stock worth watching?

https://www.entrepreneur.com/article/370619

April 28, 2021 6 min read

This story originally appeared on StockMarket

Top Gaming Stocks To Watch In The Stock Market Now

Gaming stocks could be among the most active stocks in the stock market today. After all, the massive entertainment industry continues to grow even as we come out of the tail-end of the current pandemic. Sure, gaming stocks, in particular, would have benefitted from countless homebound consumers looking for ways to kill time. Because of this, I can understand if investors would be looking for the best gaming stocks to invest in right now.

For instance, we could look at top gaming companies such as Boyd Gaming (NYSE: BYD) and Penn National Gaming (NASDAQ: PENN). Both companies are notable players in the online sport-betting industry right now. More importantly, BYD stock and PENN stock are both looking at gains of over 300% in the past year. PENN stock, in particular, has been in focus lately thanks to rosy analysts’ updates. Namely, Goldman Sachs (NYSE: GS), Needham, and Redburn recently initiated coverage on the stock, hitting it with a buy rating. No doubt, this is thanks to the overall regulatory tailwinds in the sports betting industry now.

Elsewhere, video gaming giant Microsoft (NASDAQ: MSFT) reported a 50% year-over-year surge in its gaming revenue just yesterday. Across the board, it seems like the gaming industry appears to be kicking into high gear. Moving forward, consumers who have already had betting accounts and bought video game consoles would likely want to make the most of their investments thus far. Ideally, this could possibly help with customer retention in the long term. In this case, should investors be watching these hot gaming stocks on the stock market now?

Best Gaming Stocks To Watch Right Now

FuboTV Inc.

Starting us off is sports streaming giant FuboTV (Fubo). For some context, the company identifies as a leading sport-first live TV streaming platform operator. Indeed, as a key player in the sports streaming market, Fubo would cater to viewers outside the scope of traditional streaming services. No doubt, having one platform for curated sports content at an affordable price could appeal to sports fans now.

Additionally, Fubo is currently working on integrating real-time sports betting features onto its platform. In theory, this would provide an interactive all-in-one service where consumers can watch and bet on their favorite sporting events. For investors, this could make FUBO stock worth investing in, given its position in the streaming and online-betting industries.

Despite all of this, Fubo does not appear to be slowing down anytime soon. Earlier this month, the company acquired exclusive live streaming rights to the Qatar World Cup 2022 Qualifying matches. Simply put, this is a fantastic play by the company as it will be covering one of the largest sporting events in the world. While it may just be the qualifying matches, this marks a step in the right direction, nonetheless. With the company set to report earnings after the closing bell on May 11, could now be the time to watch FUBO stock?

[Read More] Trending Stocks To Buy Now? 4 FAANG Stocks In Focus

Nvidia Corporation

Nvidia focuses on the development of personal computer graphics, graphics processing units (GPU), and also on artificial intelligence. The company is the inventor of the GPU, which had sparked the growth of the PC gaming market. Essentially, Nvidia has redefined modern computer graphics, high performance computing, and artificial intelligence. Its pioneering work is reshaping trillion-dollar industries like transportation, healthcare, and manufacturing. NVDA currently trades at $611.21 as of 1:08 p.m. ET and has more than doubled in the last year.

Last week, the company announced that its AI inference platform, newly expanded with Nvidia A30 and A10 GPUs for mainstream servers, has achieved record-setting performance across every category on the latest release of MLPerf. MLPerf is the industry’s established benchmark for measuring AI performance across a range of workloads spanning computer vision, medical imaging, recommender systems, speech recognition and natural language processing.

Given how the AI industry still has a lot of room for growth, Nvidia certainly has a competitive edge with its products. Evidently, companies like Cisco (NASDAQ: CSCO) and Dell Technologies (NYSE: DELL) are expecting to integrate the GPUs into their highest volume servers starting this summer. With that being said, will you consider adding NVDA stock to your watchlist?

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Sony Corporation

Sony is a gaming company that has developed the PlayStation series, arguably one of the most popular gaming consoles in the world. It also develops and sells a wide array of electronic equipment, instruments, and devices for consumer and industrial markets. SONY stock currently trades at $104.69 as of 1:08 p.m. ET. The company today reported its fourth quarter earnings and managed to beat estimates.

In detail, the company reported a net income that surged by over 700% to $983 million or earnings per share of $0.79. Sony also reported that total sales for the quarter were a whopping $20.4 billion. This huge increase in sales likely came from its new generation console released late last year. The PlayStation 5 had been in limited supply immediately upon launch and continues to do so.

Given how it has been 7 years since the company’s previous-generation PlayStation was released, many consumers were eagerly waiting to upgrade their gaming systems. Will SONY stock be worth watching for these reasons?

[Read More] Top Autonomous Vehicle Stocks To Watch Today? 4 For Your Watchlist

DraftKings Inc.

DraftKings is a digital sports entertainment and gaming company. The company provides its customers with daily fantasy sports, sports betting, and iGaming opportunities. It is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for over 50 operators in 17 countries. DraftKings is the official daily fantasy partner of the NFL and MLB. DKNG stock currently trades at $59.06 as of 1:09 p.m. ET and has been up by over 25% year-to-date.

In February, the company reported its fourth-quarter revenue and increased its 2021 revenue guidance. In detail, it reported that its revenue increased by 146% to $322 million. The company attributes this to tremendous customer acquisition and engagement that propelled it to an impressive quarter.

DraftKings also reported that its monthly unique payers increased by 44% compared to a year ago. Making the most out of this momentum, the company also announced a topline revenue of $1 billion for its fiscal year 2021, which equates to year-over-year growth of 55%. All things considered, will you watch DKNG stock?

https://www.entrepreneur.com/article/370618

April 27, 2021 6 min read

This story originally appeared on StockMarket

Focus On Climate Crisis Put These Hydrogen Stocks In The Limelight

While clean energy development has picked up steam recently, practicality challenges have put hydrogen stocks in the back seat. But as we continue to push for a greener environment, it’s time to rethink the most abundant element on earth. Although most attention in the stock market has been on electric car stocks and solar energy stocks, hydrogen stocks have also started to gain more attention among investors.

President Joe Biden just pledged to cut U.S. emissions by as much as 52% by 2030. “These steps will set America on a path of a net-zero emissions economy by no later than 2050 … Scientists tell us that this is the decisive decade, this is the decade we must make decisions that will avoid the worst consequences of a climate crisis.” To make all these possible, hydrogen could have a role to play. 

The hydrogen economy may have largely remained a concept that has only gained a little commercial traction. But this could be set to change as climate change is at the core of Biden’s agenda. On top of that, the first of the European Union’s three-stage strategy to focus on hydrogen as a clean energy solution is already in progress. Investors could anticipate seeing demand for hydrogen energy increase relatively quickly. If you believe that hydrogen will play a key role in our renewable energy future, do you have these four top hydrogen stocks to watch in the stock market now?

Top Hydrogen Stocks To Watch In 2021

Plug Power 

Plug Power is a renewable energy company developing hydrogen fuel cell systems. These aim to replace conventional batteries in equipment and vehicles powered by electricity. In essence, it is a leading provider of clean hydrogen and zero-emission fuel cells that are both cost-effective and reliable. PLUG stock has risen by over 500% over the past year. During the same period, the company has announced multiple partnerships and executed strategic acquisitions.

From its fourth-quarter financials that were posted in February, the company reported $337 million in gross billings for the year 2020, a 42.5% increase year-over-year. It also ended the year with $5 billion in cash to execute on its global growth strategy and objectives. 

More importantly, Plug Power is also on track to deliver on its recently raised 2021 and 2024 financial targets. The company had also acquired United Hydrogen and Giner ELX. This would position Plug Power as a fully vertically green hydrogen generation company. Ultimately, the company’s green hydrogen strategy could position it as an industry leader in the $10 trillion hydrogen economy. All things considered, will you buy PLUG stock today?

[Read More] 4 Top E-Commerce Stocks To Consider Buying Right Now

FuelCell Energy

FuelCell Energy is a fuel cell company that designs and operates its own power plants. In brief, the company operates power generation plants that use an electrochemical process instead of burning fuels. After remaining essentially flat for most of 2020, the company saw its shares skyrocketed with the election of a new president amid the prospect of massive government spending on green technology. Nevertheless, FCEL stock has since taken a breather and is now trading at a more reasonable valuation.

Hydrogen is no doubt one of the most expensive clean energy sectors to develop. Therefore, many fear it will fall by the wayside because of its cost. But as the climate change issue becomes more pressing, I wouldn’t be surprised if the government is willing to throw in billions to develop the hydrogen industry. 

On a more fundamental level, the company’s business has been stagnating in the last five years as earnings have been deteriorating. The question here is, if this is the time that hydrogen finally lives up to its potential, would buying FCEL stock on dips be a great idea?

Read More

Bloom Energy 

Bloom Energy has been gaining traction as a pure-play fuel-cell stock. The company’s goal is to redefine the electric power market through its on-site electric power solution. BE stock has been riding the renewable energy wave in the stock market this year. Its solution delivers clean and sustainable power. The company also makes electrolyzers, which make hydrogen that goes into the fuel cells. Bloom Energy has been open about its plan to grab a piece of the hydrogen economy.

Recently, the company announced new leadership appointments for its international growth plans. The new global expansion efforts signaled by the company suggest that Bloom wants to grow its hydrogen business in global markets. For those unfamiliar, Bloom is a member of “Hydrogen Forward”, a separate group of 11 companies focused on advancing hydrogen development in the U.S. The future of hydrogen could also brighten up as Chevron (NYSE: CVX) and Toyota announced that they are exploring a strategic alliance to catalyze the development of large-scale businesses in hydrogen.

While that alliance doesn’t directly benefit Bloom Energy, any company working in the hydrogen economy could potentially benefit. It looks like Bloom Energy is well-positioned to be the beneficiary from the growth within the hydrogen niche for years to come. Considering all that, is BE stock one of the best hydrogen stocks to buy and hold this year?

[Read More] Top 5 Things To Watch In The Stock Market This Week

Ballard Power Systems

Ballard is a developer and manufacturer of proton exchange membrane fuel cells. Its products are made for the heavy-duty motive, portable power, and engineering services market. Naturally, as governments seek to make the jump to sustainable fuel sources, Ballard would come to mind. Investors looking for electric vehicle stocks have also been gravitating towards fuel cell electric vehicles (FCEV) that run on hydrogen.

That has continued to drive momentum to BLDP stocks. In addition, the company offers many other intriguing platforms, including zero-emission fuel-cell solutions for marine vessels. Separately, the company announced on April 19 that it will provide fuel cell modules to Sierra Northern Railway in California to power a zero-emission switching locomotive. These demonstrate the versatility of Ballard’s technology.

From its full year 2020 financial highlights, the company reported total revenue of $103.9 million. Besides, Ballard wrapped up the year with a cash reserve of $763.4 million as of December 31, 2020. The company intends to maintain focus throughout 2021 on its heavy and medium duty motive applications and increase penetration in key markets of China, Europe and the U.S. With all these in mind, would you bet on BLDP stock as the company continues to expand?

https://www.entrepreneur.com/article/370512

April 26, 2021 6 min read

This story originally appeared on StockMarket

These Tech Stocks Are Trending In The Stock Market Today Ahead Of Earnings

Tech stocks remain some of the most popular investments in the stock market. Although some investors continue to move money out of big tech and slowly reposition their holdings into cyclical stocks, not all agree that such rebalancing is a smart move. Why? Given the tech sector’s robust fundamentals, they might have another ace up their sleeves this week when they report earnings. 

“Solid earnings from these companies could mean another rally in tech stocks. We believe the first-quarter earnings over the coming weeks will be a major positive catalyst for tech names.” – Daniel Ives, Analyst at Wedbush Securities.

While some companies are working on only one area of the tech industry, others have a broad range of products and services. Popular names like Zoom Video Communications (NASDAQ: ZM) may be a winner in the stock market today. But not many can feel completely confident in the company’s long-term trajectory when the pandemic is more under control. Investors looking for top tech stocks to buy should consider those with a strong moat of offerings. That makes them an ideal investment choice irrespective of the broader economic condition. With all these factors in consideration, here are four top tech stocks to watch ahead of their earnings this week.

Best Tech Stocks To Watch Right Now

Facebook

Facebook’s V-shaped recovery since the 2020 March collapse has resulted in a new all-time high. This is clear as its platform continues to help billions of people worldwide stay connected with friends and family. If anything, Snap’s (NYSE: SNAP) powerful earnings last week were a positive sign of things for companies such as Facebook. That’s because the social media giant also relies heavily on digital advertising spending. Even at this time, FB stock price continues to march higher. 

Despite struggles in early 2020 amid the pandemic, total revenue came in 22% higher to $86 billion year-over-year in its latest quarter. Most of the growth was a result of a 21% increase in ad revenue. Meanwhile, “other revenue” increased by 72%. This primarily came from VR-related revenue. 

According to SunTrust Robinson analyst Youssef Squali, Facebook’s latest venture is about to propel it even further ahead. The company recently unveiled Facebook Shops, its new e-commerce arm. This would allow buyers and sellers to transact without ever leaving the Facebook ecosystem. Clearly, the company’s plan to diversify from its advertising revenue is picking up steam with its growing e-commerce plan and shifting consumer demands. Accordingly, these provided a tailwind for Facebook’s advertising and marketplace business. Considering all these, do you think FB stock can maintain its momentum ahead of its earnings release on April 28?

[Read More] Top 5 Things To Watch In The Stock Market This Week

Amazon

Amazon is an e-commerce giant that is based in Washington. The company is one of the most valuable brands in the world. It is also one of the largest online marketplaces by revenue and market capitalization. The company’s strength lies in its e-commerce platform and has been one of the biggest winners to come out of this pandemic. The company’s stock price is up around 5% year to date.

In February, the company posted its fourth-quarter financials. In it, Amazon posted net sales of $125.6 billion, a 44% increase year-over-year. It also ended the year with $31 billion in cash. Net income for the quarter increased by an impressive 118% to $7.2 billion. That staggering figure will be difficult to repeat. Yet, the outlook is optimistic for the company as it is slated to report its first-quarter earnings on Thursday, April 29.

When the company reports its Q1 earnings this week, investors will want to look at its net sales. The company is guiding for growth of 36% year-over-year. That is suggesting that we would start the first quarter with another $100 billion in revenue. Wall Street analysts are expecting Amazon to report revenue of $104.36 billion and earnings per share of $9.45. This implies a 38.3% and an 88.6% growth respectively. With such bullish estimates, AMZN stock hasn’t been moving much. Does that mean that the strong expectations have been priced in already? It could also be due to fears that growth may slow down after the pandemic as the economy reopens. In any case, AMZN stock could still be on an upward trajectory over the long term.

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Apple

Coming up next, we have tech goliath Apple. Safe to say, the company’s handheld electronic product line is a major household name. From its smartphones to its computers, the company’s comprehensive offerings continue to attract consumers. Hot off the press, Apple just announced its commitment to fund $430 billion in US investments over five years. This involves a new North Carolina campus and job-creating investments in innovative fields like silicon engineering and 5G technology. This signals Apple’s commitment to continue staying ahead in terms of innovation.

Apple is expected to increase its dividend and authorize further stock buybacks after announcing fiscal second-quarter earnings on April 28. The company typically makes updates to its capital-return program alongside its March-quarter report. And the coming announcement could be a driver of Apple’s post-earnings stock momentum. 

Apple recently introduced several new products and services that should boost its growth. These include the AirTag tracking device and Apple Podcasts Subscriptions. Of course, there are also rumors that Apple could be launching augmented reality devices in the coming years. With such exciting developments, would AAPL stock see more gains as the year progresses?

[Read More] Arrival Vs Lucid Motors: Which Of These Electric Vehicle Stocks Is A Better Buy?

Microsoft

Last but not least, Microsoft is a tech company that develops, licenses, and supports a range of software products, services, and devices. In terms of software, the company is the developer of the world’s most prominent office software now, Microsoft Office. Aside from that, Microsoft is also a major player in the cloud computing space with its Microsoft Azure platform. No doubt, its comprehensive software portfolio has benefitted from both consumers and enterprises throughout the pandemic. With the company’s recent developments, I could see investors continue flocking towards MSFT stock.

The recent acquisition of Nuance Communications (NASDAQ: NUAN) for $16 billion dollars will expand Microsoft’s healthcare vertical. For the uninitiated, Nuance is a trusted cloud and AI software leader with decades of accumulated healthcare and enterprise AI experience. By augmenting the Microsoft Cloud for Healthcare with Nuance’s solutions, the company will be able to empower healthcare providers through its clinical intelligence and other Microsoft cloud services.

Certainly, such an acquisition is yet another sign of Microsoft putting its deep pockets to good use. The company remains a solidly profitable business with a strong portfolio of products and services. With all these in mind, MSFT stock could be a good addition to your portfolio, even at today’s elevated valuation.

https://www.entrepreneur.com/article/370355

April 24, 2021 6 min read

This story originally appeared on StockMarket

Is Now The Time To Invest In These Biotech Stocks?

Some of the top biotech stocks have been performing exceptionally well in the stock market. One reason for this could be the fact that the world is currently still plagued by COVID-19. As vaccination rollout continues, these vaccine companies continue to reap gains. For instance, Moderna (NASDAQ: MRNA) reported total revenue of $803 million in its latest financials. We all know the importance of healthcare and the pandemic merely magnified the value of the biotech industry. However, biotech stocks have always been known to be a high-risk, high-reward investment. A positive clinical outcome or update can lead to a boost in share valuation. But at the same time, a negative outcome or update can cause these stocks to plummet.

Take Alexion Pharmaceuticals (NASDAQ: ALXN) and AstraZeneca (NASDAQ: AZN) for example. There was an announcement last week that the U.S. Federal Trade Commission has allowed the merger between the two companies. Last December, both companies entered into a definitive agreement for AstraZeneca to acquire Alexion for $39 billion. The announcement had caused Alexion stock to spike by over 30% back in December. This acquisition would surely boost the combined entity’s position in immunology.

Nevertheless, it is still challenging for investors to navigate around biotech stocks and their growth potential. However, with proper research and due diligence, investors could make well-informed choices on which biotech stocks are worth betting on. With that in mind, do you have this list of top biotech stocks to buy in the stock market this upcoming week?

Top Biotech Stocks To Buy [Or Avoid] In April

Johnson & Johnson

Johnson & Johnson (JNJ) engages in the research and development, manufacture, and sale of a range of products in the healthcare field. It operates through its three segments; Consumer, Pharmaceutical, and Medical Devices. Recently, the company had some setbacks with its vaccine causing some side effects. However, many regulators believe that the benefits continue to outweigh the risks. Despite the negative news surrounding the company, its share price seems to be relatively unaffected. Furthermore, there is news of the vaccine distribution resuming soon. Could this propel JNJ stock to test its all-time high price again?

On Wednesday, JNJ announced that the European Medicines Agency’s (EMA) Pharmacovigilance Risk Assessment Committee (PRAC) updated its guidelines for use of the vaccine. Following PRAC’s recommendation, the company will start supplying COVID-19 vaccines across Europe. Furthermore, JNJ is optimistic that it will fulfill its commitment to supply 100 million doses in the U.S. and 200 million doses across Europe.

On top of that, JNJ’s single-shot COVID-19 vaccine is expected to be imported to India for “fill and finish” by June or July. Fill and finish is the final step in the manufacturing process of putting the vaccine into vials or syringes. So, with the company set to resume its vaccine distribution operations soon, it should clear some doubts among investors. Considering all these, would you consider buying JNJ stock now?

[Read More] 4 Renewable Energy Stocks To Watch Before May

Pfizer Inc 

Next up, we have multinational pharmaceutical corporation, Pfizer. The company was the first coronavirus vaccine company to have its vaccine candidate approved by the FDA for emergency authorization. As of April 22, 2021, there are over 114 million doses of Pfizer vaccines being administered in the U.S. However, PFE stock has been trading sideways for the past year. This could well change as the company is constantly showing new positive discoveries regarding the vaccine.

In March, the company announced positive results in a Phase 3 trial in adolescents for its coronavirus vaccine study. Essentially, the company reported that its vaccine for adolescents aged 12 to 15 demonstrated 100% efficacy and robust antibody responses. Could Pfizer be the first company to have its vaccine approved for adolescents? Your guess is as good as mine.

On top of that, the company discovered that its vaccine is effective at preventing symptomatic and severe diseases in people with chronic illnesses. This analysis involved almost 1.4 million people by Israel’s largest healthcare provider. It goes without saying that this will offer hope to its investors and countries receiving Pfizer vaccines.  On a side note, the company will also sign a contract this month to supply an additional 50 million doses of vaccine to Japan by September. This is in the wake of Japan’s sudden rise in cases. In fact, the government is considering a declaration of a state of emergency for Tokyo and Osaka. With all these in mind, would you consider being a PFE stock investor?

[Read More] Arrival Vs Lucid Motors: Which Of These Electric Vehicle Stocks Is A Better Buy?

Ocugen Inc

Next up, Ocugen. This is a company that traditionally focuses on developing cures for blindness diseases. The company’s pipeline product includes OCU400, a novel gene therapy product candidate restoring retinal integrity and function across a range of genetically diverse inherited retinal diseases. However, with the onset of COVID-19, an opportunity surfaced for the company to enter the COVID-19 race. Ocugen has been working endlessly to advance the development of COVID-19 vaccine candidate Covaxin with partner Bharat Biotech. The company stock skyrocketed by a whopping 42.92% on Thursday. In less than six months, the stock has risen over 3000%. 

What could be the catalyst of this sudden hike? Through a collaboration with Bharat Biotech, an Indian vaccine specialist, it is hoping to bring Covaxin to the U.S. On Wednesday, its partner Bharat announced interim results from a Phase 3 study. The analysis showed vaccine efficacy of 78% against mild, moderate, and severe COVID-19 diseases. Also, the efficacy against severe COVID-19 disease was 100%, with results in lesser hospitalizations.

To top it off, the efficacy against asymptomatic patients was 70%. This would result in decreased transmission in Covaxin recipients. Considering these exciting new results, would you jump on the OCGN stock bandwagon?

[Read More] Top Cyclical Stocks Worth Investing In? 4 To Consider 

Regeneron Pharmaceuticals Inc  

To sum up the list, we have one of the leading biotech companies that develop medicines for serious diseases, Regeneron. With multiple FDA-approved products already in its portfolio along with several candidates in the pipeline, Regeneron has been boasting decent returns over the past few years. However, the company’s share has been trading sideways for the past year. This recent weakness could potentially be a buying opportunity for investors considering the upside of the company. 

Last Monday, the company provided positive data from a late-stage study of recently infected asymptomatic COVID-19 patients. The new phase 3 trial data shows that a single shot of Regeneron’s COVID-19 antibody cocktail was able to prevent symptoms in 81% of infected individuals.

On top of that, people who were symptomatic were able to resolve their symptoms, on average, two weeks faster than those who received placebo. Financially, Regeneron is also in a good place. For the fiscal year ended December 31, 2020, the company’s revenue rose 8% to $8.5 billion. Also, its net income surged by 66% to $3.51 billion. Hence, would these new findings make REGN stock a buy for you?

https://www.entrepreneur.com/article/370291

April 22, 2021 6 min read

This story originally appeared on StockMarket

4 Top Fintech Stocks To Watch In The Stock Market Now

For the past year, those who invested in fintech stocks would have made significant gains from the stock market. As some of you may wonder, what are the chances of this trend staying intact? Quite likely, I would say. After all, the digital era we live in now favors services that are quick and safe. This is why fintech is gaining popularity. In fact, some may even say it’s disrupting traditional banking. Fintech services are transforming the banking system from a branch-specific process to various digital channels. The fear of coronavirus spreading due to the usage of banknotes has also encouraged consumers to switch to digital wallets. 

For example, we have Square Inc (NYSE: SQ) which allows its users to transfer money to one another using the Cash App. The fintech giant has been seeing gains as society shifts towards cashless payment methods. This has resulted in investors constantly looking for the next hot fintech stocks to buy. On another note, electric vehicle giant Tesla Inc (NASDAQ: TSLA) announced in March that it will be accepting Bitcoin as a payment method for its electric vehicles. With these positive developments happening in the fintech space, are you looking at these four top fintech stocks to buy in the stock market today? 

Top Fintech Stocks To Watch Now

PayPal Holdings Inc.

First up, we have fintech giant Paypal. The company has benefited throughout the pandemic where digital payments have become the new norm. Given its role in facilitating contactless payments, it should come as no surprise that PayPal stock has been on a tear throughout the pandemic. Accordingly, the company’s stock price is looking at gains of more than 150% over the past year.

On April 20, Paypal announced that its digital wallet app Venmo will be allowing crypto transactions. Venmo will support four different cryptocurrencies including Bitcoin. This development expands on an initial move back in October 2020 by PayPal to let users purchase cryptocurrencies through its main platform. Furthermore, the company also plans to launch a local wallet in China, the world’s largest mobile payments market.

However, instead of competing with the dominant players Alipay and WeChat Pay for domestic payments, PayPal will be focusing on cross-border payments, another huge market to be tapped. billion in 2021. With such exciting developments surrounding the company, do you think PYPL stock is worth the investment?

[Read More] Top Stocks To Buy Now? 4 Consumer Stocks To Consider

Paysafe Ltd.

Paysafe is a leading specialized payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly. Particularly, the company specializes in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, the company boasts an annualized transactional volume of $92 billion in 2020. The company has recently made its debut on the New York Stock Exchange on March 31, 2021. This came following the merger between Paysafe and Foley Trasimene Acquisition Corp. II (NYSE: BFT). 

You might have come across Paysafe as a pioneer in digital commerce. That’s right, but there’s another angle that could contribute more value to the company’s business.  It is the company’s involvement in iGaming that has growth investors salivating. Revenues from iGaming have been increasing year-over-year.

Furthermore, the platform is beginning to open up across the United States. Should Paysafe be successful in growing its iGaming market, I wouldn’t be surprised if this is a multi-bagger investment in the making. With the company’s impressive global reach, would you say that now is the right time to be one of the early investors before PSFE stock takes off?

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JPMorgan Chase & Co.

Global investment bank and financial services company JPMorgan needs no introduction as it’s the largest bank in the U.S.. But you may not have expected to see JPM stock on this list of fintech stocks to buy. Well, the company is wary of the importance of fintech. Traditional banking sees fintech as a threat and with good reasons. In early April, JPMorgan CEO and chairman Jamie Dimon said, “Banks … are facing extensive competition from Silicon Valley, both in the form of fintech and Big Tech companies.” Therefore, the company is not resting on its laurels. 

On Tuesday, it was announced that JPMorgan Asset Management has invested in THE TIFIN GROUP. The company is a fintech platform with ten active operating companies for the asset and wealth management industry. The investment will support platform expansion and further the mission of reshaping investment experiences. JPMorgan believes TIFIN’s tech could shape the future of the asset management and wealth management industries.

Last week, JPMorgan reported its Q1 financials that far exceeded analysts’ expectations. The company achieved a net income of $14.3 billion for the quarter, an increase of 399% year-over-year. JPMorgan also reported a revenue of $33.1 billion, a 14% increase year-over-year. With all things considered, would you add JPM stock to your portfolio?

[Read More] Best Stocks To Buy Right Now? 4 Tech Stocks To Know

Adyen N.V.

Last but not least, we have Dutch payments company Adyen. The company is a provider of mobile, online, and point-of-sale (POS) payment solutions. In essence, it enables merchants to accept payments from all channels. Also, the platform covers the entire payment chain, including technical, contractual, reconciliation, and settlement processes. The company’s share has been performing exceptionally over the past year, seeing gains of over 150%.

In recent news, NDM Hospitality has announced it has selected Adyen to process payments for their brands across Florida. Adyen’s platform gives NDM a holistic view of all data to enhance customer experiences. Earlier in April, Adyen joined forces with “buy now, pay later” (BNPL) firm Afterpay to offer Afterpay’s BNPL service to retailers.

This is not the first time Adyen partnered with a BNPL firm. Back in November, Adyen announced a partnership with Affirm (NASDAQ: AFRM). This allows Adyen’s merchants to easily add Affirm as a payment option. Altogether, these partnerships allow Adyen to benefit from the rise in BNPL as a payment method. With all this in mind, will you consider investing in ADYEY stock?

https://www.entrepreneur.com/article/370064

April 21, 2021 6 min read

This story originally appeared on StockMarket

Are These The Best Beverage Stocks To Buy Now?

While the tech stocks selloff has dominated stock market headlines, beverage stocks surprise investors with their renewed demand during the first quarter. For instance, Coca-Cola Co. (NYSE: KO) started the week on a strong note after publishing its latest set of quarterly results. The beverage giant saw its net revenue grow by 5% year-over-year to $9 billion. This came as the company sees a rebound in sales as COVID-19 vaccines rollout expands, and the company said demand in March reached pre-pandemic levels.

Most of the beverage industry took a hit during the early days of the pandemic when diners were shut down and social gatherings were prohibited. However, demand slowly creeps back in anticipation of a strong economic recovery. It’s not a bad idea to put up a list of top beverage stocks to buy. After all, these are the products that people keep buying regardless of the state of the broader economy.

As we observe news of the incline in Coca-Cola sales, many investors are starting to eye for other top beverage stocks which may see similar recoveries this earnings season. With all that being said, do you have these beverage stocks on your watchlist in the stock market today?

Top Beverage Stocks To Watch Right Now

Boston Beer

First up, Boston Beer’s stock has been on a tear since the start of the pandemic. While sales plunged when the stay-at-home measures were imposed, the company continued to defy gravity. That is partly thanks to rising demand from retailers for products like Truly hard seltzer and Twisted Tea. No doubt, investors are hoping to see more growth in these brands as the company reports earnings results on April 22. To recap, the company delivered a stellar Q4 2020. Net revenue rose 53% year-over-year to $460.9 million. Meanwhile, earnings per share were $2.64, a spike of 135.7% from a year ago.

SAM stock has been one true outperformer in the beverage industry. The company’s stock price soared more than 200% over the past year, while the S&P 500 only rose nearly 50% during the same period. Of course, with the strong rally over the past year, there may be limited potential upside. Nonetheless, let’s not forget Boston Beer’s track record of innovation and consistent profitability in recent years. With an optimistic outlook in the fast-growing hard seltzer market, would you bet on SAM stock ahead of its earnings report this week?

[Read More] Top Stocks To Watch This Week? 4 Biotech Stocks To Know

Pepsi & Co

The iconic arch-nemesis of Coca-Cola Co., PepsiCo. had also started 2021 off right. The company boasts a world-class portfolio including the likes of Frito-Lay, Pepsi-Cola, Gatorade, and Quaker brands. Over the past month, PEP stock has risen by over 10% and closed Tuesday’s trading session at $145.71% a share. Last week, the company affirmed to most investors that it can keep expanding sales. From the first quarterly report, revenue rose 6.8% year-over-year to reach $14.8 million. Meanwhile, operating profit jumped to $2.3 billion from $1.9 billion a year ago. This solid number is consistent with management’s outlook of 5% sales growth for this year.

On the surface, PepsiCo might seem like a risky investment since soda consumption rates have been dropping for decades in developed markets. Of course, the company is also not resting on its laurels and has diversified beyond sodas with relatively healthier options. With Americans stuck at home, snack food like Frito-Lay has seen sales surge. And it’s not just Frito-Lay that is seeing a boom. The company’s other products are also seeing strong growth. Assuming consumers continue to turn to snacking for comfort during this pandemic, will you bet on PEP stock right now?

[Read More] Top Tech Stocks To Buy Now? 3 Reporting Earnings This Week

Monster Beverage

Monster Beverage Corp is a multinational brand for energy drink beverages with a global presence. Investors love MNST stock because the company has a debt-free balance sheet. According to data from research firm T4, Monster accounted for 39% of the market for all energy drinks in 2020, with NOS (also owned by Monster) picking up another 3% share. Thus, it may not be surprising to learn that MNST stock has been a multi-bagger over the past decade. In fact, its historical performance might even put some of the biggest tech stocks to shame. The company’s success in the energy drink market has also drawn investments from Coca-Cola.

In February, Monster Beverage reported its financial results for the fourth quarter of 2020. In it, the company saw revenue rising 17.6% year-over-year to $1.20 billion. Furthermore, net income reached $471.7 million, an increase of 85% from a year ago. Monster could be looking at more international expansion and a hard seltzer launch. These could help generate additional profits for the company. Furthermore, they could become new growth drivers considering the company’s history of strong execution. Admittedly, many may think that the stock’s valuation is expensive. Yet, considering these exciting developments, do you think MNST stock can continue its momentum?

[Read More] The Most Frequently Asked Questions About The Stock Market In 2021

Constellation Brands

Last but not least, Constellation Brands is a leading international producer and marketer of alcoholic beverages. Over the past year, STZ stock has risen by over 50% and is trading at $238.31 as of Tuesday’s closing bell. Unlike the other beverage stocks on this list, the company has turned in better-than-expected quarterly results earlier this month. Despite weak demand at bars and restaurants, the alcoholic beverage giant announced solid growth in its beer portfolio. For the 3 months ended February 28, 2021, net sales rose 3% year-over-year to $1.95 billion.

The company’s management is optimistic about growth for the fiscal year ending February 28, 2022. In particular, Constellation Brands expects net sales in this segment to increase by 7% to 9%. It’s worth pointing out that the company has developed plans to invest in additional capacity in Mexico. This will provide the long-term flexibility needed to support the future growth of the core, high-end Mexican beer portfolio. Besides, management is also anticipating a strong operating cash flow of $2.4 billion and $2.6 billion in fiscal 2022. Considering the financial strength of the company, would you be adding STZ stock to your watchlist?

https://www.entrepreneur.com/article/369934

April 20, 2021 6 min read

This story originally appeared on StockMarket

Are These The Best Health Care Stocks To Buy Right Now?

Health care stocks are one of the most significant sectors in the stock market right now, if not the most. Coupled with the devastation caused by the pandemic, the focus on health care is magnified even further. These include companies that sell medical supplies, offer medical services, or even provide real estate for medical organizations. These could range from vaccine companies like Moderna Inc (NASDAQ: MRNA) or even gene therapy companies Celcuity Inc (NASDAQ: CELC) which could bring significant changes to the world.

Take Moderna for example, one of the pioneers in the production of COVID-19 vaccines. This has brought enormous gains to the company since the start of the pandemic. As a result, the company’s share price has tripled in value over the past year. Furthermore, the company recently highlighted the publication of antibody persistence data out of 6 months following the second dose of the Moderna COVID-19 vaccine.

To date, COVID-19 has taken around 3 million lives globally. However, there are other diseases that continue to plague humanity, some of which go under the radar at times. Other health care companies are working on treatments for a variety of diseases, and investors are well aware of this. With that said, let us look at these four top health care stocks in the stock market today.

Health Care Stocks To Buy [Or Sell] Right Now

Beam Therapeutics Inc

First off, we have Beam Therapeutics. It is a biotech company that focuses on precision genetic medicines based on its base editing technology. Base editors enable precise rewriting of a single letter of a gene. This could potentially create lifelong cures for serious diseases. For example, its most advanced preclinical candidate, BEAM-101, targets the treatment of rare blood diseases beta-thalassemia and sickle cell disease. As some of you may be aware, the company does not have any programs in clinical testing, yet. The aforementioned candidate hopes to obtain U.S. Food and Drug Administration (FDA) approval later this year for early-stage clinical testing. With such exciting technology, could Beam potentially have the next big breakthrough in genetic medicine?

Despite lacking any programs in clinical testing, the company’s share price has risen by more than 300% over the past year. In February, Beam acquired GuideTx, a developer of nonviral drug delivery vehicles for genetic medicines. GuideTx’s technology would potentially enable much faster screening times by screening hundreds of nanoparticles in a single experiment. 

As of December 31, 2020, the company had a cash position of $299.7 million. This was further bolstered in January 2021 when the company raised gross proceeds of $260 million from a private placement. Beam’s strong cash position would likely be sufficient to fund the company’s clinical development in the next few years. In March 2021, Beam appointed Amy Simon, M.D., as chief medical officer. Dr. Simon brought more than 20 years of clinical experience to Beam. With all these developments, would you consider buying BEAM stock?

[Read More] Best Stocks To Buy Right Now? 4 Tech Stocks To Know

Editas Medicine Inc

Next up, we have Editas Medicine. It is a leading genome editing company that focuses on translating the potential of CRISPR gene editing to develop a robust pipeline of medicines. Currently, the company is focusing on three major therapeutic areas: ocular diseases, oncology, and blood diseases.

The stock has risen by almost 50% year-over-year. Also, earlier this year, EDIT stock reached an all-time high of $99.95. However, the stock has declined more than 60% since then. That could be due to skepticism around the initial results from the company’s experimental CRISPR gene-editing product EDIT-101. Some may know that this is the first-ever administration of an in vivo gene editing medicine in humans. Considering the novelty of the product, it is not surprising that some observers are not keen on it.

Financially, the company saw its revenues quadrupled for the fiscal year December 31, 2021. Also, its net loss decreased 13% to $116 million. In February 2021, Editas announced the appointment of James C. Mullen as CEO. His wealth of experience in the industry, including experience as CEO of biotech giant Biogen (NASDAQ: BIIB), could bode well for Editas. Considering all these, would you be willing to take a chance on EDIT stock?

Read More

Intuitive Surgical, Inc

Intuitive Surgical is a company that develops, manufactures, and markets robotic products designed to improve the clinical outcomes of patients. This is achieved through minimally invasive surgery, most notably with the da Vinci Surgical and Ion System. This would make surgeries more effective, less invasive, and easier on surgeons and patients alike. 

The company’s share has risen by more than 50% over the past year. The positive sentiment around the company’s stock could be a result of its dominance in the robotic-assisted surgical space. In detail, at the end of 2020, the company had installed almost 6,000 of its surgical systems worldwide. Furthermore, it’s noteworthy that none of its competitors are close to achieving what Intuitive Surgical has achieved thus far. 

Despite the impact of the pandemic, Intuitive Surgical was able to eke out gains in its Q4 2020 results. Fourth-quarter 2020 revenue was $1.33 billion, an increase of 4% year-over-year. Meanwhile, net income for the quarter was $365 million, an increase of 2% from a year ago. It’s worth pointing out that the company actually shipped out fewer systems during the quarter. Nevertheless, growth in da Vinci procedure volume more than made up for it. The potential for robotic-assisted surgical devices remains huge, and Intuitive Surgical is on the leading edge of that innovative wave. With that in mind, would you be investing in ISRG stock?

[Read More] Top 5 Things To Watch In The Stock Market This Week

Veeva Systems Inc

Last on the list, we have Veeva Systems. The company provides cloud solutions for the global life sciences industry. Its solution enables companies to realize the benefits of modern cloud-based architecture and mobile applications for their business functions. In short, it helps companies to bring products to the market faster and more efficiently. As a result, the company’s stock price has been up nearly 50% in the past year.

In a world where tech and healthcare are trending, the company’s performance does not come as a surprise. On April 15, the company and leading clinical research organization Parexel announced a strategic collaboration. This collaboration involves Parexel standardizing Veeva’s suite of clinical operations applications to streamline operations. Besides, Parexel will have early access and provide input into Veeva’s clinical products.

“Together, we can accelerate how our customers bring new vaccines, diagnostics, devices, and therapies to patients in need.” said Peter Gassner, founder, and CEO of Veeva. In a world where tech is playing a bigger role in health care, this presents a great opportunity for Veeva. With the long growth runway ahead, would you consider adding VEEV stock into your portfolio?

https://www.entrepreneur.com/article/369801