The stock market is a great way for investors to grow their wealth over time, but it is also fraught with risks. With the current economic uncertainty, it is understandable that many investors are wondering if now is the right time to invest in stocks.
Apple's (AAPL 3.51%) stock is always easy to recommend and makes a great addition to almost any portfolio. For instance, while the Nasdaq-100 recently hit a record high, Apple's stock has not been able to keep up with the performance of the index. But, with the recent stock split and its still-strong fundamentals, now could be a great time to buy Apple's shares.
Here's Why You Should Invest in Hologic (HOLX) Stock Now. Hologic is a medical device manufacturer that has seen its stock price increase in recent times. In the past year, this Zacks Rank #2 (Buy) stock has increased 12.4% compared to the Nasdaq's 5.9%. Hologic has a strong balance sheet and a great dividend yield, making it an attractive investment for long-term growth.
To be fair, the stock isn't cheap today, but if you are looking for a long-term investment, investing in Hologic could be a good choice. The company is a leader in the medical device industry and has a long history of innovation and growth.
Over the long-term, investing in undervalued stocks with moats can be a very lucrative strategy. A moat is a company's competitive advantage that allows it to maintain its market share and profitability even in a highly competitive market. Companies with moats are often able to sustain their market share and profitability due to their strong brand recognition, customer loyalty, and high switching costs.
Of course, no one should put money in the stock market unless they have taken care of high-interest debt and have adequate savings in an emergency fund. Investing in stocks is a long-term game that requires patience and discipline.
Once stock prices bottomed out, though, the following bull market lasted until 2007. If you're nervous about investing right now, it's understandable, but it's worth noting that stocks have recovered from every major downturn in history.
Shares trade at 12 times trailing-12-month sales, which isn't cheap. But the company is growing like wildfire and could explode in a bull market if the economy continues to improve.
The company is looking to transition beyond its COVID-19 vaccine, and that could mean a bumpy ride for investors. Moderna (MRNA 3.87%) is a great example of this. The company's shares have rocketed in recent months due to its COVID-19 vaccine, but now investors are wondering if it can maintain its high valuation in the long-term.
That should lead to lower revenue than the past couple of years for the drugmaker, which is not something investors want to see. But, given its strong balance sheet and long-term potential, Moderna could be a great stock to invest in for long-term growth.
At the end of the day, investors need to decide for themselves if now is the right time to invest in stocks. If you are looking to invest for the long-term, now could be an attractive time to buy. But if you are looking for more immediate returns, it might be better to wait until the market stabilizes a bit more.