If you’re into stock investing and you want to see your money grow, you need to find stocks that will help you achieve your goals. Today, we will discuss the top 5 stocks you should buy in August. As you know I do have that series of similar blogs every month, so I really hope that you do like the idea of sharing with you my investment
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Here are the 5 of the Best Stocks to Buy for August:
Salesforce
Salesforce is an American cloud computing company that currently trades at $248.25, with a 52-week low of $187.37 and a high of $284.50. It has a market cap of $241.182 billion and a profit margin of 19.88%.
The company went public back in 2004 and those who invested $1,000 during the company’s IPO have seen their money increase to $75,000 today. Salesforce is recession-resistant given that it still continued to grow despite going through the Great Recession and today’s ongoing problem with the coronavirus pandemic.
The company’s cloud-based services help companies in various industries automate their tasks, streamline their business, and cut back their reliance on human intervention. It’s a much safer bet than newer cloud companies because it already survived severe economic downturns.
Salesforce aims to increase its revenue to $25.5 billion next year, which is highly achievable. It’s an excellent stock pick if you’re looking for a long-term investment since the company expects to more than double its annual revenue to $50 billion in 2026.
Zoom
Zoom has helped people across the globe cope with the coronavirus pandemic, which prevented most from having face-to-face meetings. The video teleconferencing platform allowed people to communicate, whether it’s for personal or business purposes. It’s even used by students in class.
Zoom has increased in popularity during the pandemic. But the company has experienced impressive growth over the years. In 2019, Zoom had 81,900 clients of at least 10 people and the company’s revenue growth reached 88%. In 2020, its revenue soared by more than 325%. Zoom experienced a 470% increase in its clients of at least 10 people to 467,000.
It’s just the beginning for Zoom as work-from-anywhere has become a norm. If you’re an investor like me, you should definitely include this company in your portfolio.
Even now that the number of infections has dropped, things will never be the same for Zoom. Several workers who are already working at home would rather quit their jobs than return to the office. Many people are now convinced that working from home doesn’t necessarily decrease their productivity, but helps increase it instead.
Countless corporations now use Zoom and even if many of their customers spend hundreds of thousands on the platform, it’s less expensive than renting an office building. Zoom can be used for video, calls, and messaging. It worked with Kimberly Clark to help it expand its phone lines by 25,000 as the company continues to improve its services.
Disney
If you’re looking for the kind of stocks that you can invest in the long-term, then Disney should be on top of the list. The company has successfully monetized its content in different platforms including its cable networks, movie studios, and theme parks, which means more profits for its investors.
The company managed to find other ways of monetizing its IP through its streaming services, which include ESPN+, Hulu, and Disney+. The company had to deal with the impact of cord-cutting in the TV and cable business but they managed to regain their footing with the help of content streaming.
It’s ensured with constant cash flow in the coming years, thanks to the long-term deals it made with the National Football League (NFL) and Southeastern Conference (SEC). Not only that, Disney will see a surge in the number of guest traffic once its parks and resorts finally reopen.
Disney ranks as the second-largest provider of streaming services, with Netflix taking the top spot. It is also on track to achieve its goal of hitting 230 to 260 million subscribers by 2024. The company has increased the price of Disney+ but investors who decide to include this company in their portfolio will eventually enjoy significant profits from its streaming operations.
PayPal
Many countries have started to adopt a cashless society and this will greatly benefit PayPal Holdings. The company offers digital payment solutions that make online shopping simpler, faster, and safer. It lets consumers pay for the products or services purchased online without entering their payment details.
The company’s market is growing steadily with more than 392 million users and 29 million merchants and counting. PayPal is expected to see its profits increase as the company’s network continues to see an increase in its payment volume.
Last year, its payment volume increased by 31%, which was responsible for the 22% increase in revenue and 30% in the company’s adjusted operating income. PayPal aims to double its engagement levels in 2025, which is why it continues to find ways to boost its user engagement.
Facebook is a multimillion-dollar company that continues to grow every year. The social networking website allows people to communicate with other people, share links, upload photos, and even do business. About 2.7 billion people visit Facebook as well as its sister companies such as Instagram, Messenger, and WhatsApp.
The coronavirus pandemic triggered an increase in the demand for Facebook’s offerings. The company saw a massive increase in engagement as people across the world used the social media platform to connect. Meanwhile, businesses, especially those that were forced to close down because of COVID-19, made the most out of it to reach their clients. Although Facebook continues to face challenges that involve misinformation, hate speech, and propaganda, the company is expected to move past them.
It’s easy to buy stocks. But if you want to choose the right one, you need to have a time-tested strategy. If you’re looking for this month’s top stock picks, then you should consider Salesforce, Zoom, Disney, PayPal, and Facebook.
Feel free to leave comments, suggestions, or even additions to the list above. We’d love to hear from you. Don’t forget to click the like button and share this blog with your friends and family. Hit subscribe so you’re updated whenever we post new blogs on our platform.
Ebooks:
Seminar:
Recommended for further reading:
- How to Make Money in Stocks: A Winning System In Good Times And Bad
- Keys to Success – Napoleon Hill
- Stock Market Investing For Beginners: The Investment Guide
- The Five Rules Successful Stock Investing
- Rich Dad’s Guide to Investing
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