We’re officially one week into the summer season! There’s no better time to make those stock decisions on which you’ve been procrastinating or to heed these tips for getting your last-minute tickets on the best stocks to ride this season.
If you’re looking for the best stocks to invest in this summer, here are 7 hot stocks to buy now.
Overall, the 2018 stock market has recently seen some of its ubiquitous volatility begin to return. But, that’s no reason to hesitate – good explanations as to why and unlikelihood of the trend continuing abound.
Some of this choppiness to the stock market will enable you to take advantage of the following stocks – stocks which otherwise boast a somewhat prohibitively high level of entry. Some giants of industry and profitably in the market have seen some steady declines: among those, Walmart (NYSE:WMT) and Procter & Gamble (NYSE:PG). It is only natural and healthy for a certain amount of caution to creep back into the market when heavy-hitters like those two companies see significant declines in share prices.
While this same caution may serve to instill the importance of choosing wise stock options in the short and long term, it shouldn’t cause jitters prohibiting investors from benefitting from the stock market all summer long. Keep in mind, this is the first significant dip in any stock share prices since the 2016 election.
Some of the best stocks to watch and invest in this summer are the very same ones which experienced relatively minor downturns just shy of overly optimistic projections.
The bull market, after all, has reigned supreme with very few hiccups ever since the last election and any careful observers shouldn’t be surprised to see some temporary pullbacks – pullbacks which command a more accessible level of entry for savvy investors.
So, do more than just keep an eye on the following 7 stock options for your summer investments; carefully consider taking advantage of the hugely advantageous market conditions making it easier to share the wins when these companies inevitably level out and likely hit their next big upswing.
Here are the 7 best stocks to invest in this summer:
#1: American Eagle Outfitters (NYSE:AEO)
Dress your stock portfolio for success by getting in on AE stock during their busiest time of year: summer. Despite some moderate blows to many clothing retailers due to the increase of online shopping, American Eagle Outfitters (NYSE:AEO) remains solid. Their YTD gains are a whopping 27.2%. They’re maintaining both growth and dividend payouts during a trying time for most competitors.
#2: Exxon Mobil (NYSE:XOM)
That’s right; despite having been overshadowed by Chevron Corporation (NYSE:CVX) and BP plc (ADR) (NYSE:BP) as of late, this company could be among one of the smartest investment decisions. With some recent decreases in share prices due to production issues and an internal hedge between downstream and upstream operations, Exxon Mobil stocks are more affordable than they have been in quite some time. With the obstacles for Tesla Inc (NASDAQ:TSLA) continuing, Exxon Mobil’s corporate predictions for doubling earnings by 2025 are an excellent bet.
Don’t forget how summer food trends impact the best stocks to invest in over these next few months.
#3: Nutrisystem (NASDAQ:NTRI)
Beach bod much? While most people associate the beginning of the year with the most demand for healthier food options and convenience food for diets, the summer season continues to dominate this realm. Nutrisystem Inc.‘s (NASDAQ:NTRI) stock share prices are the cheapest they have been in a very long time due to some overly optimistic first quarter projections. Upper-level management at this company has earned some trust and respect over the years and they can be forgiven for some overly high expectations for the beginning of this year considering the robustness of the market overall.
#4: Nathan’s Famous (NASDAQ:NATH)
While the demand for healthier, convenient foods goes up this time of year, so, does the demand for grilling options heavy on delicious flavor. It may come as little surprise to learn the YTD gains at Nathan’s Famous, Inc. (NASDAQ:NATH) are at 27.8%. Their stock prices hit an all-time high as recently as November 2017. Their profit margins remain massive and their revenue growth is well-leveraged.
These companies all represent some of the most satisfying waves to ride this summer when it comes to the smartest stocks to invest in.
#5: Brunswick (NYSE:BC)
Another highlight of summer: jet-ski’s and boats! That’s right; the recreational watercraft industry thrives in summer and Brunswick outshines the competition as the best bet for stocks to invest in while their share prices are more affordable than usual. There is no doubt this company can ride the waves of change and come out stronger for it (which can only help develop your portfolio).
#6: Pfizer (NYSE:PFE)
Pfizer Inc. (NYSE:PFE) may be the only true surprise to make this list as the pharmaceutical industry as a whole is reeling. However, some recent legal scrutiny against giants of the pharma industry has finally lightened up and Pfizer remains about tied as the industry leader, Novartis AG (ADR) (NYSE:NVS). With adjusted EPS up 11% last year, there is no better time than now to invest in this drug company.
#7: UPS (NYSE:UPS)
While many physical retailers are feeling the pressure of online giants like Amazon and an increasingly digital form of consumerism, UPS stands poised only to gain from the shifting tides. Add to that, the United Parcel Service, Inc. (NYSE:UPS) is benefitting from some recent tax reform working in the favor of their bottom-line and you’ve got the recipe for a smart investment this summer. Even in a trying time, stock in the company still yields a solid 3.4%.
Of these great stocks to buy now, they all have one significant commonality…
You may have noticed a trend among these 7 companies; all of these listed industries reliably see a summer surge in business and, therefore, in stock share prices as well. Remember – this isn’t rocket science. Allow for research and a healthy dose of common sense guide you!