Top Stocks to Buy Now

With the COVID-19 pandemic, there is a lot of fear and uncertainty in the future, which has caused the stock market to drop to unbelievable lows. For many, this is a time to hold on to your cash, but for the rest of us who are optimistic about the market, this is the perfect time to buy stocks! If you have any extra money that you can afford to invest, this is the time to put your money in the market. If you are a beginner and not sure where to buy stocks, try Robinhood, its free to buy shares and you will get a one free when you sign up.

Here are my top 8 picks.

  • Carvana (down 52%)

Carvana (CVNA) is an internet retailer that will deliver your car to you. So, while car sales are down because of COVID-19, we may see an increase in sales through the online marketplace.

Analyst are forecasting that in the next 12 months Carvana will have a median target of $98, with a high estimate of $125 and a low estimate of $27.

  • Boeing (down 57%)

Boeing (BA) has a large backlog that covers several years of production for the most popular aircrafts, and Boeing is well positioned to benefit from emerging market growth. Boeing is a good investment because they have enough money saved to get them through this rough patch in our economy. Also, the government would never let Boeing go under, they are too valuable to our military and economy.

Analyst are forecasting that in the next 12 months Boeing will have a median target of $205, with a high estimate of $440 and a low of $95.

  • Uber (down 31%)

Uber (UBER) with the market being down and with Ubers long-term potential, makes it a good long-term investment.

Analyst are forecasting that in the next 12 months Uber will have a median target of $42, with a high of $60 and a low of $23.

  • United Airlines (down 54%)

United Airlines UAL along with all the other airlines is taking a huge hit because of Coronavirus, which makes it a great time to invest in the airline industry.

Analyst are forecasting that in the next 12 months United Airlines Holding will have a median target of $66, with a high estimate of $111 and a low estimate of $23.

  • Discover Financial Services (down 52%)

Discover Financial Services (DFS) is one of many financial companies taking a hit because of Coronavirus. There is much worry about the economy, and no one wants to borrow. But there is hope that things will start to turn around, especially with the new stimulus bill.

Analyst are forecasting that in the next 12 months Discover Financial Services will have a median target of $83, with a high estimate of $98 and a low estimate of $36.

  • MGM Resorts (down 56%)

MGM Resorts (MGM) with the closer of hotels on the Las Vegas Strip due to Coronavirus, MGM Resorts stock dropped. However, once they are back up and running things should turn around.

Analyst are forecasting that in the next 12 months MGM Resorts will have a median target of $34, with a high of $41 and a low estimate of $10.

  • Groupon (down 48%)

Groupon (GRPN) an online marketplace company, saw a huge drop in its stock after reporting a loss in Q4. However, the company just hired a new CFO and they are changing the focus to help increase profit per customer. It’s currently trading for under $1 and its worth buying a few shares.

Analyst are forecasting that in the next 12 months Groupon will have a median target of $1.75, with an estimate of $2.90 and a low of $1.50.

  • Tilray (down 77%)

Tilray (TLRY) the first pure- play cannabis. I was a little hesitate to add this one because the cannabis industry is very volatile, but analyst are predicting that it will hit a medium target of $15 for its 12-month forecast, with a high estimate of $28 and a low estimate of $2.

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