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It’s hard to believe that 2020 is still more than five months away because Wall Street and investors have already experienced a decade of chaos for the past few months.
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The 2019 coronavirus disease (COVID-19) pandemic has had a major impact on the stock market. Less than five weeks into the first quarter, the benchmark S&P 500 lost 34% of its value. Then in the second quarter, the S&P 500 had its best performance in 22 years. No one knows what to expect next, and this is evident as the CBOE Volatility Index remains at an all-time high.
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But if there’s good news here, it’s that fear and constant volatility have provided a buying opportunity for long-term investors. Any market correction in the S&P 500 (except for now) has eventually been put in the rearview mirror by a bull market rally. This is good for patient investors who choose to invest in game-changing companies.
Perhaps the best part about investing in stocks is that you don’t have to have a lot of money to get one. If you have $500 in cash that isn’t needed for bills or emergencies, you have more money to start making big purchases. Here are three great companies to consider buying right now.
Although all the rage right now is about the developers of the COVID-19 vaccine, I would rather invest in a proven Big Pharma like Bristol Myers Squibb (BMY 1.22%).
One of the most exciting developments in the company was the completion of the purchase of Celgene in November 2019. The acquisition of Celgene brought several types of cancer and immunology drugs to the market, not least of which is Revlimid. Demand for the multiple myeloma drug Revlimid has grown, usage has increased, and Celgene has had no problem raising the price of its lead drug almost every year. Best of all, the Revlimid brand continues to grow and is protected from any competition until the end of January 2026. It will be a cash cow for Bristol Myers for years to come.
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In addition to Revlimid, Bristol Myers has two top drugs that have become absolute stars. There is Eliquis, a leading oral anticoagulant developed in partnership with Pfizer, and Opdivo, a cancer immunotherapy that is expected to sell nearly $7 billion in sales in 2020. Opdivo has ongoing clinical trials that could lead to expansion opportunities. I think it should grow into a $10 billion a year aid.
Bristol Myers Squibb’s sales growth is steady, and the price-to-earnings ratio is close to 8, so Bristol Myers Squibb is ripe for the picking.
Another smart way to invest $ 500 right now would be to buy a disruptor in a fintech space like Square (SQ 0.64%). Even though Square has been in the market recently, it has every chance to hit 10 in the next decade.
To be clear, Square’s retail space, which the company is well known for, was growing even before the outbreak of COVID-19. In 2019, the company had more than $106 billion in sales, indicating that it is slowly but surely disrupting the old-school cash flow and shifting smaller segments from traditional players like Visa. and MasterCard. However, COVID-19 has made consumers less willing to use cash, which has only fueled the shift to cashless payments.
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Perhaps the most interesting feature of Square’s retail space is its increased use by large businesses—Square defines a large business as an annual payment volume (GPV) of more than $125,000. In the first quarter, 52% of GPV came from these large merchants, meaning that Square is no longer a platform used by SMBs.
And no discussion of Square is complete without mentioning the Cash App. A peer-to-peer financial website is available at the right place at the right time. More than tripling monthly users, Square reported figures in March and April. The Cash App’s ability to transfer transfers to and from traditional bank accounts, as well as being linked to the Cash Card and used as a credit card, will make the Cash App a major revenue driver for Square in less than two years.
According to Wall Street, Square’s sales are set to more than quadruple by 2023, which is reason enough to buy the stock.
A first look at Western Digital can be intimidating to some people. The company suspended its dividend last quarter, and its share price has halved since the start of 2018. As a highly cyclical business, warehouses can be disrupted and sold off during economic crises or recessions. But this should not deter potential investors. Instead, it allows investors to buy stocks at current prices.
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In a very short time, Western Digital hopes to benefit from the release of the next generation of gaming consoles. The new consoles require more storage capacity, which COO Michael D. Cordano believes is “a large exabyte opportunity per calendar year.” It is possible that COVID-19 may slow down or slow down the launch of these new consoles, but revenue will continue to grow steadily due to gaming innovation.
But game consoles aren’t why investors should get excited about Western Digital. The real growth issue here concerns data storage systems. We’ve already seen companies move to remote workspaces and use shared clouds long before the outbreak of COVID-19. But while the pandemic is still there (for now), it encourages companies to save money to store their data and build easy-to-use cloud platforms. This is a strong commitment for a storage solutions provider like Western Digital.
With the suspension of the company’s shares, it now has about $600 million more each year to pay off debt and restore storage solutions designed for data centers and businesses that focus on the cloud. This makes Western Digital a stock that long-term investors should own.
Sean Williams owns shares in Mastercard and Square. The Motley Fool owns and recommends shares of Bristol Myers Squibb, Mastercard, Square and Visa and recommends the following strategy: short Sep 2020 $70 put on Square. Motley has a disclosure policy.
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With the market in a bear market today, there are also many funds that show potential. To understand why the stock market is down, we need to look at the entire industry. There seems to be a lot of fear surrounding both penny stocks and blue chips. And when there is fear in the market, we often see a big change in volatility.
After August’s weakest jobs report, some investors fear that the economy is slowing. These two are the number of Covid cases and we get a good idea of what is happening in the stock market right now. However, many retailers are missing positive signs, such as better-than-expected sales and higher consumer spending.
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“August’s sharp drop in consumer sentiment ended in early September, but a small increase in consumer sentiment led to consumer expectations for the worst recession in a decade.” Richard Curtain, Chief Economist, Consumer Research
So if we see that fear is the main driver despite the positives, we see that there may be untapped potential in the market. With all of this in mind, let’s take a look at three stocks to watch right now.
CRVS shares rose more than 80% during the day. This brings his monthly profit over 110%, which is not small. To understand why CRVS stock has soared today
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