BEST STOCKS TO BUY FOR DECEMBER 2020
As we all know that the US Economy is on the cusp of recovery mode post COVID19. With the hopes of potential vaccines coming up, be it health care, travel, hospitality, or even real estate work mode is ON. Stocks are on a bullish rally. We are witnessing a sector rotation. As we rotate out of the stay at home or work from home stocks into the recovery stocks. This latest list of the best stocks to buy right now also takes into account future stimulus, recovery, other economic factors, as well as what’s going on in the markets with certain sectors hitting all-time high prices.
Of course, there aren’t only 8 stocks to buy right now but this will give you a good idea of which stocks are currently undervalued based on the market conditions and which stocks present a massive high growth opportunity.
For google researchers, Recovery Stock is a share that has fallen in price but is thought to have the potential of climbing back to its original level.
November high stock review
As an earlier projected stock market review for November 2020. We reviewed 15 stocks and spotting the top stock of November 2020, big thumbs up that we match the list. Some of the stocks reviewed and earlier are as follows:
1. VISA inc – up by 15%
Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards.
Stock price: V (NYSE) $212.68 +4.67 (+2.25%)
2. Workhorse – up by 50%
Workhorse Group Incorporated is an American manufacturing company based in Cincinnati, Ohio, currently focused on manufacturing electrically powered delivery and utility vehicles.
Stock price: WKHS (NASDAQ) $22.07 -0.60 (-2.65%)
3. AMD-up by 24%
Advanced Micro Devices, Inc. is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets.
Stock price: AMD (NASDAQ) $94.04 +1.73 (+1.87%)
4. Digital Turbine- up by 23%
Digital Turbine simplifies app advertising, recommendation, delivery, and tracking. Maximize revenue, increase user engagement and save cost.
Stock price: APPS (NASDAQ) $42.95 +0.74 (+1.75%)
5. Vertex – up by 10%
Vertex Pharmaceuticals, Inc. is an American biopharmaceutical company based in Boston, Massachusetts. It was one of the first biotech firms to use an explicit strategy of rational drug design rather than combinatorial chemistry
Stock price: Vertex Pharmaceuticals Incorporated
228.32 USD +1.45 (0.64%)
These stocks price has gone up, since we dropped the video on November 3rd, 2020. This one mentioned is actually has a lot more room to grow. You may see the potential double bottom pattern here. So definitely some significant wins from last month.
8 stocks to buy for high growth
1. Quidel or QDEL
Quidel Corporation is a major American manufacturer of diagnostic healthcare products that are sold worldwide. On May 8, 2020, the U.S. Food and Drug Administration has issued the first emergency use authorization for a COVID-19 antigen test, a new category of tests for use in the ongoing pandemic.
Stock price: QDEL (NASDAQ) $193.57 -7.42 (-3.69%)
Those of you that are thinking that the vaccine’s coming we won’t need any more testing it is quite the opposite, we will likely need even more mass testing even after the vaccines. If sports are going to resume with in-person audiences for instance you could see here on this news story on seeking alpha was it says that QDEL will partner with pac-12. Which is one of the collegiate athletic conferences to administer COVID19 testing in the western United States colleges for athletes. Even from a sports perspective right how many teams there are, how many leagues there are this is just one partnership with the pac-12 assuming that it goes well it will likely propagate on into other sports and other conferences. Think about schools reopening and how much testing will be involved there yes the vaccine will be there but one the vaccine won’t be available to everybody and two not everyone’s going to take the vaccine you will still need frequent testing to make sure that that the numbers are dropping so that things can keep reopening. Specifically, we’re talking about workplaces, schools sport the hospitality industry like hotels and cruise lines, etc. So for sure just because a vaccine comes does not mean that QDEL drops out of the picture or becomes less relevant. If we take a look at the chart which to me is equally as important you’ll see that QDEL is forming a triple bottom. At this level can even be considered an inverse head and shoulders which is generally a bullish pattern. QDEL can get back to its all-time highs which would mark a pretty significant increase for us this is almost near 300.
2. Thermo Fisher Sceintific or TMO
Thermo Fisher Scientific is an American provider of scientific instrumentation, reagents, and consumables, and software and services to healthcare, life science, and other laboratories in academia, government, and industry.
Stock Price: Thermo Fisher Scientific Inc. NYSE: TMO 474.62 USD −2.35 (0.49%)
Thermo Fisher is a biopharmaceutical company that is going to be one of the main suppliers of components that will help store and distribute the COVID19 vaccines specifically. You can see that their long-term growth here continues to accelerate year over year. They’re an extremely profitable bio company. If we look at the chart you’ll see that TMO has recently retraced to the 100-day moving average something. Although it is being oversold on the Stochastic RSI and you could see the RSI forming a nice bounce.
3. American Tower Corporation or AMT – 5G
American Tower Corporation is an American real estate investment trust and an owner and operator of wireless and broadcast communications infrastructure in several countries worldwide and is headquartered in Boston, Massachusetts. It is ranked 410th on the Fortune 500.
Stock price: AMT (NYSE) $228.67 +2.45 (+1.08%)
It is one of the largest real estate investment trusts in the world. They are a leading owner and operator of multi-tenant communications towers or 5g towers but they don’t just deal with towers they deal with communications real estate at large. These are low-risk high reward entries. APPLE has risen from 140 to 192 very recently. For all 5G communication compliant devices AMT is a sure short high trend.
4. Bluebird Bio inc or BLUE
Bluebird bio, Inc., based in Cambridge, Massachusetts, is a biotechnology company that develops gene therapies for severe genetic disorders and cancer. Wikipedia
Stock price: BLUE (NASDAQ) $46.92 -0.06 (-0.13%)
If we look at the chart these are low-risk high reward entries. It is now back at this level that as we saw in June 2016 and the growth we made was from 40 to 50. One of the reasons why it dropped is due to a delay in some of their offerings and some of their medical events. So we can take advantage of these exaggerated or overreactions. Like I always say buy the dips and sell the chips! But now it can go back to all-time highs like a double or triple stock.
5. Best buy or BBY
Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. It was originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music.
Stock price: BBY (NYSE) $105.57 -0.97 (-0.91%)
At the 100 days moving average, this has been one of the companies that have actually benefited during the pandemic. Also, the holiday season is coming up so, definitely looking to add a major profitable retailer. The best buy is on a retracement.
Gold has long been regarded as a haven in times of market turmoil. Many investors have gained exposure to the precious metal by buying stocks of companies engaged in exploration and mining. Some of the major players in the golf industry include mining companies Franco Nevada Corp. (FNV), Newmont Corp. (NEM), and Newcrest Mining Ltd. (NCM)
If we look at the price of gold. At the 200-day moving average, the last time it was during the bottom of the pandemic. This is because interest rates are low and equities are flying stocks. So investors are showing a more risk-on appetite and they want they don’t want to hold low interest-bearing investments or things such as precious metals. Therefore they’re rotating into stocks however if we get another emergency stimulus passed of almost a trillion dollars and that is aside from the relief that might come with the next administration then you will start to see precious metals rise back up. That’s part of the reason why Bit coin’s price is up as well. Therefore Gold stock is a long-term investment to hold.
7. Green Brick Partners or GRBK
Green Brick Partners, Inc. (NASDAQ: GRBK) is a diversified homebuilding and land development company. Green Brick owns five homebuilders in Dallas, Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes), as well as a controlling interest in homebuilders in Atlanta, Georgia (The Providence Group), Port St. Lucie, Florida (GHO Homes), and Dallas, Texas (Centre Living Homes).
Stock price: GRBK (NASDAQ) $22.54 +0.04 (+0.18%)
This is one of the best-rated stocks, it is still around 21. With more people working remotely or moving out of big cities into homes in the suburbs and with interest rates remaining low and likely to remain low for the foreseeable future. There is a lot of bullish sentiment around the home building itself now this is steady growth and profitability stock obviously there isn’t much decline from its recent highs but it is pretty far away from its all-time highs and the sentiment, there is that could easily double or triple in the long term.
8. Dropbox or DBX
Dropbox, Inc. designs and develops document management software. The Company offers a platform that enables users to store and share files, photos, videos, songs, and spreadsheets. Dropbox serves customers worldwide.
Stock price: DBX (NASDAQ) $20.35 +0.12 (+0.59%)
If we’re looking for a high growth stock and we’re looking for an opera a pretty low-risk opportunity where we could see a major rally on an announcement of some sort of acquisition DBX is a ripe candidate for that. DBX is a profitable company and it is a cash flow machine from operations 528 million dollars in cash last year the year before 425 the year before 330 and it is just accelerate accelerated growth in cash and with more people working remotely for the foreseeable future. These SAS based collaborative companies are definitely shining right now and we can see a major rally and an easy place to park your cash.
As the potential COVID19 vaccine news has sparked the US stock market, Health care companies, testing companies, vaccine distribution companies, technology platform companies, precious metals, real estate companies and many more are going to be low-risk high growth as for recovery stocks. The great stock market rotation has begun and is up here for a rally in 2021.
“I think you have to learn that there’s a company behind every stock and there’s only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.”– Peter Lynch