Best Stocks to Invest in Right Now

Hassan Maishera - November 26, 2019

Serious traders are always on the lookout for the next big opportunity. After last week’s pullback, there could be some great opportunities to buy the dip.

However, it’s not always easy to discover the best stocks to invest in right now. When the entire market is in the green, it’s easy to pick winners. However, the real challenge lies in picking the stocks that can deliver above-market gains. These top stocks have the potential to close 2019 with a strong performance, and they could even beat the major indices.

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Latest Stock Market News

Stocks paused their march higher last week after US-China trade negotiations took a downturn. However, the market resumed its upward trend this week. The Dow climbed over 150 points on Monday, while The S&P 500 and the NASDAQ Composite also recorded gains.

The market is waiting for a phase-one trade deal and, if it gets done, it could be a boon for stocks. Talks are progressing amiably, but the Hong Kong protests are complicating the matter. Congress just passed a bill relating to the HK protests last week, but President Trump doesn’t want to torpedo the phase-one deal by applying too much pressure.

It’s a delicate diplomatic game, but it seems like something will get done eventually. As long as the tariffs scheduled for December 15th are canceled, the market is in good shape to continue rallying through the end of the year.

Best Stocks to Invest in Right Now

What are the best stocks to invest in right now? Stocks with high growth potential and stable revenues are some of the best candidates. These are a few of the top companies:

Advanced Micro Devices, Inc. (AMD)

Advanced Micro Devices, Inc.’s stock is one of the recent best performers. The chipmaker’s stock is already up by 116% year-to-date, following a massive increase in demand for their products. It could surge higher as the tech sector remains the most significant player in the recent market rally.

Advanced Micro Devices, Inc.’s stock has been recording consecutive gains over the past few trading sessions. On Tuesday last week, the stock ended the day at a 13-year high after they launched a new graphics card. The introduction of the new graphics card gives investors hope that the stock rally would continue.

The new Ryzen Threadripper 3990X, slated for launch next year, has already started receiving positive reviews. A leaked presentation slide showcased the basic specs of the graphic card, which include 64 cores, 128 threads, 288MB of total cache, and a TDP of 280W.

Microsoft (MSFT)

The multinational tech giant, Microsoft, has been one of the standout performers of 2019 so far. With the tech sector leading the market rally, Microsoft has been at the heart of it. Despite going up by 55% so far this year, Microsoft’s stock still has room for improvement over the coming weeks.

best stocks to invest in right now

Microsoft is one of the only Big Tech stocks that isn’t under direct threat from government anti-trust investigations. It could be one of the reasons that it’s one of the leading stocks on the market.

On November 21, the US government granted Microsoft the license to export mass-market software to Chinese tech giant Huawei. The recent approval could lift Microsoft to new highs in the coming weeks.

Costco Wholesale (COST)

The retail company, Costco Wholesale, is another stock you can invest in right now. Costco’s stock price is up by 46% since January and looks set to surge higher, heading into 2020. The stock market rallying at this time of the year could see it perform better in the coming weeks.

best stocks to invest in right now

Costco Wholesale is a solid investment. It’s a recession-resistant consumer staples stock with solid growth and an excellent shopper demographic.

In October, the company’s reported net sales were $11.92 billion, which is 6.8% higher than in the same period last year. The sales recorded in the nine weeks ended November 3 was $26.33 billion. This represents a 6.2% growth from the $24.80 billion recorded during the same period in 2018.

This is an excellent company. Its valuation is kind of stretched, and that’s a bit of a concern for a consumer staples stock. However, Costco is still recording solid growth, and its recent expansion into China is going smashingly well. This is a quality company from top to bottom, and it’s one of the best stocks to invest in right now.

More Best Stocks to Invest in Now

The stock market has resumed its rally so it’s a great time to invest in the best stocks. Subscribe to the Dork and keep track of the best stocks to invest in right now. You can also follow Stock Dork on Twitter and Facebook to track of all the latest stock market news. Also, don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.

Hassan Maishera is a cryptocurrency expert and a Stock Dork freelance contibutor.

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