Question

What are the best 10 stocks to buy (right now) and why?

Answer 1

The best 10 stocks to buy are as follows :

1. Johnson & Johnson: Healthcare titan Johnson & Johnson (NYSE: JNJ) recently joined the fight against COVID-19. J&J is investing more than $1 billion in the development of a novel coronavirus vaccine. It expects to start human clinical studies by September, with the goal of obtaining emergency use authorization from the U.S. Food and Drug Administration by early 2021. In the meantime, J&J is ramping up its production capabilities for the vaccine in order to be able to make more than 1 billion doses if it proves to be effective.

2. Quest Diagnostics : Quest Diagnostics (NYSE: DGX) recently launched new testing services for COVID-19. By helping to meet the urgent need for diagnostic tests, the clinical lab giant is helping doctors identify who has COVID-19, so that they can be more effectively treated and isolated, thereby helping to slow the spread of the potentially deadly disease. Quest can currently process approximately 200,000 tests per week and is rapidly boosting capacity, so as to be able to serve even more patients in the weeks ahead.

3. Teladoc Health : Teladoc (NYSE: TDOC) provides telehealth services that allow doctors to offer medical consultations via videoconferencing apps on patients' computers, tablets, and smartphones. By helping doctors provide more care to more patients, Teladoc is serving a critical role in the battle against COVID-19, particularly as hospitals and other treatment centers reach their maximum capacity. Teladoc is the global leader in virtual care, and its stock remains the best way to invest in this important emerging trend in healthcare.

4. Zoom Video Communications : In addition to accurate testing and effective treatments, social distancing remains one of the best ways to slow the spread of COVID-19. Zoom (NASDAQ: ZM) is helping to make this possible. As millions of people are forced to remain at home due to the disease, Zoom's video conferencing technology is being used by thousands of schools and businesses to communicate with students and employees. Zoom has had its fair share of privacy and security issues, but its user base has nevertheless exploded to 200 million people per day, up from roughly 10 million at the end of last year. Zoom should continue to add new users at a rapid clip, boosting its revenue and profits -- and returns to shareholders -- along the way.

5. Electronic Arts : With so many kids home from school, many parents may come to see Electronic Arts' (NASDAQ:EA) new video game streaming services as a worthwhile investment. For as little as $4.99 per month or $29.99 per year, gamers can get unlimited playing time on many of EA's best games. Kids (and adults) can have some fun, parents can get some much-needed peace, and Electronic Arts gets a recurring revenue stream. Everybody wins.

6. Microsoft Stock : Microsoft stock has passed a buy point of 175.10 in a double-bottom base. That came a few days after it reclaimed its 50-day line. Analysts see Microsoft earnings rising by 18% in fiscal 2020, and 11% in 2021. Microsoft is one of only a handful of U.S.-listed stocks with trillion-dollar market caps. Indeed, Microsoft stock is once again worth more than Apple (AAPL), for now. In this case big is beautiful as Microsoft stock has an almost perfect IBD Composite Rating of 98.

7. Domino's Stock : Domino's stock managed to hold up well in a tough overall market, and is now in a buy zone after breaking out of a cup-with-handle base with a 353.52 entry. The recent Stock Of The Day flew higher after Domino's Pizza beat fourth-quarter forecasts and hiked its dividend despite a delivery war raging across the restaurant industry. Domino's management said comparable sales for delivery were positive in Q4 and better than in the prior quarter.

8. AMD Stock : AMD stock has a cup base with a buy point of 59.37. Shares have been racing toward that entry after clearing an aggressive entry just above 50 on Monday. In the week ended April 10, AMD stock managed to close every day above its 50-day line. The RS line for AMD stock is at record highs, continuing a strong trend. AMD stock also has a perfect Composite Rating of 99. After two quarters of declines, AMD earnings and sales have risen for the past two quarters. AMD earnings per share shot up 300% in the latest quarter with sales up 50%.

9. Abbott Laboratories Stock : ABT stock bullishly cleared a buy point of 92.55 out of a consolidation pattern on Thursday. The 5% chase zone runs up to 97.18. It is currently trading well above its 50-day moving average. A short-term goal for the stock will be for the 50-day line to move back above the 200-day moving average. Abbott Laboratories stock has a Composite Rating of 94 out of 99, which puts it in the top 6% of all stocks. Earnings are not quite as strong as its stock market performance, with the Stock Checkup Tool showing it has a less than ideal EPS Rating of 78. Over the past three year earnings have grown by an average of 13%.

10. Fortinet Stock : The cybersecurity stock has forged its way past a cup-with-handle base buy point of 112.09, though the breakout came on decidedly weak volume.Fortinet stock is a member of the prestigious IBD 50 list. It has won a place on the screen partially due to its best-possible Composite Rating of 99. A key attraction for investors is the stock's EPS Rating. It has top marks in this crucial metric, which gauges a company's earnings performance.