Investing in the Stock Market: 3 Stocks to Buy Right Now
The stock market can be an intimidating place for new investors. But with the right knowledge, wise investments, and a bit of luck, you can make a handsome return on your money. The stock market is a great place to build wealth, and if you know when and what to buy, you can capitalize on the opportunities that the stock market presents.
In this article, we’ll provide an overview of the stock market and discuss three stocks to buy right now. We’ll explain how to identify a buy point and break out of stocks, how to identify meme stocks, and how to identify opportunities in times of financial fear. We’ll also discuss three exceptional dividend stocks and three top energy stocks to buy right now, as well as three stocks down at least 25% that are worth buying. Finally, we’ll discuss high-growth stocks and their prospects in the current market.
When a stock hits a buy point and breaks out, it may trade sideways or test the new level by pulling back to the buy point, or even below it. If the breakout is successful, the stock can then continue its advance. To identify a buy point, look for stocks that are trading in a range and then wait for them to break out. This can be a great opportunity for investors who can capitalize on the stock’s momentum.
Meme stocks, such as GameStop, are stocks favoured by everyday investors spurred on by social media sentiment rather than a company’s fundamentals. Although risky, these stocks can provide investors with an opportunity to make a lot of money if they get in early and get out before the stock hits its peak.
Periods of widespread financial fear often create buying opportunities in the stock market. Investors must learn to stay levelheaded and think long-term when buying stocks in times of fear. Although the market may seem scary, it can also be a great time to buy stocks if you know what to look for.
American Tower (NYSE:AMT), Dominion Energy (NYSE:D), and Kohl’s (NYSE:KSS) are three exceptional dividend stocks to buy right now. All three companies have strong fundamentals, healthy dividends, and solid prospects for the future. American Tower plans to increase its dividend by 6%, Dominion Energy plans to raise its dividend by 2.5%, and Kohl’s has been paying a dividend for over 50 years.
Three top energy stocks to buy right now are Chevron (NYSE:CVX), ExxonMobil (NYSE:XOM), and Schlumberger (NYSE:SLB). Chevron and ExxonMobil have strong balance sheets and are two of the largest energy companies in the world. Schlumberger, on the other hand, is a smaller player in the energy market, but it is a leader in oilfield services. All three stocks offer investors the opportunity to benefit from the energy sector’s growth.
If you’re looking for stocks that are down at least 25%, three stocks to consider are Ford (NYSE:F), Uber (NYSE:UBER), and BlackBerry (NYSE:BB). Ford is trading near a 52-week low, Uber is down 44% year to date, and BlackBerry is down over 60% since the start of the year. All three companies have the potential to turn their fortunes around, so now may be a great time to buy.
High-growth stocks seem to be back in style with Wall Street after an abysmal 2022. CrowdStrike (NYSE:CRWD) and Procore (NYSE:PCOR) are two stocks worth considering. CrowdStrike is a cybersecurity company that has seen its stock price skyrocket in recent months, and Procore is a construction management software company that has seen its stock price double in the last six months. Both companies have a lot of potential for further growth, making them great stocks to buy now.
Now that you know the basics of the stock market and some stocks to buy right now, you’re ready to start investing. Remember that investing should be done with caution and that you should always do your own research before buying any stocks.