This could be a great time to invest in the stock market. A coronavirus vaccine appears to be on the horizon. Gridlock in DC tends to be favorable for the stock market…
Gridlock also means that interest rates will likely remain at zero for even longer. The POWR Ratings can help you identify the best stocks to pick.
Here is a quick look at four “Strong Buy” stocks that should continue to ascend in the year ahead: Alibaba Group Holding (BABA), Procter & Gamble (PG), Qualcomm (QCOM), and Texas Instruments (TXN).
Alibaba Group Holding (BABA)
BABA is China’s e-commerce powerhouse. This company is broadening its horizons to cloud computing and even delivery services. Small, Taobao, and Alibaba.com comprise BABA’s primary businesses.
It is quite possible upwards of three-quarters of all web-based sales in China will be handled by BABA within the next couple of years. In other words, it is hard to see this fast-growing e-commerce superstar falling from grace. If you are hesitant to hop on the BABA train, look no further than its POWR Rating components. BABA has “A” grades in the Industry Rank, Peer Grade, Trade Grade, and Buy & Hold Grade components. BABA is ranked first of 115 China stocks.
Of the 24 analysts who have studied this stock, every single one of them recommends it as a “Buy”. BABA has a surprisingly reasonable forward P/E ratio of 32.72. The stock is moving toward its 52-week high of $319.32 established about a month ago. China will likely exceed the United States’ GDP at some point in the next decade, a trend that will help BABA achieve new heights.
BABA will clearly benefit from the rapid growth of China’s middle class, a group that will likely embrace consumerism all the more in the years ahead. Add in the fact that BABA’s cloud services business has provided quarterly revenue hikes of 60% on a year-over-year basis and you have even more reason to scoop up this stock.
Note that BABA is one of 5 stocks in the Reitmeister Total Return portfolio. Learn more here.
Procter & Gamble (PG)
PG will likely be rated as a “Strong Buy” next year, a half-decade into the future, and possibly across posterity. The stock performs well during economic booms and also during recessions as it sells the essentials ranging from deodorant to shampoo and paper products.
Take a look at PG’s POWR Ratings and you will find “A” grades in the Buy & Hold, Trade, Peer, and Industry Rank components. PG is ranked first of 34 stocks in the Consumer Goods category. The average analyst price target for PG is $156.10, meaning the stock has 13.12% upside.
PG has an enticing forward P/E ratio of…
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