Investors are constantly searching for exciting new growth opportunities. Let’s take a look at which companies will continue making strides forward despite the Chinese trade limbo, a looming Brexit and other geopolitical events shaking world economic growth.
What are the best growth stocks for the rest of 2019 and beyond?
It’s always hard to predict what stocks will become valuable components of your investment portfolio. Looking for top growth stocks, you should pay special attention to several important factors, such as solid growth prospects, consecutive dividend growth, long-term positive trends, above-average returns on invested capital and a strong balance sheet.
We've gathered the top 5 growth stocks that you may find attractive.
In light of the news that the company will launch its own cryptocurrency called Libra, Facebook stock was forecasted to climb. Wall Street analysts expressed bullish views on the announcement, stating that the cryptocurrency may revolutionise Facebook’s digital business. Libra could greatly contribute to Facebook’s ambitious plans to become the world’s leading ecommerce platform.
Even without Facebook's crypto news, the company, which operates the world's most popular messaging and social platforms, could be considered a strong candidate for long-term growth.
Today, Facebook stock can boast of impressive results: YTD outperformance vs. market comprises shows a gain of 28.34%; YTD outperformance vs. the technology sector shows a gain of 19.8%.
Investors are eager to know whether FB stock will continue to grow. According to Q1 results, Facebook exceeded its revenue expectations (+ 26%) and shared strong daily active user growth, which led its share price to exceed the forecasted results. The latest Facebook (FB) share price as of 15 July 2019 is $204.84.
ServiceNow technology company offers solutions for automating various computer processes that were previously done manually. Smart and predictive, ServiceNow designs solutions for various sectors, including IT, human resources and customer service. The company also gives an opportunity for its customers to develop their own custom-built applications.
Year-to-date share price performance for ServiceNow may be more than 50%, and the stock shows no sign of slowing down yet.
The company’s revenue has grown by over 30%. It enjoys a recurring and reliable revenue source. Over 90% of ServiceNow’s sales are subscription-based and over 90% of the company’s subscribers prolong their subscriptions when it is necessary.
Now trading at around $301.01 (as of 15 July 2019), NOW shares might just deserve their place in the list of the best growth stocks to buy for the rest of 2019.
One of the world’s leading e-commerce payment providers, PayPal may catch your interest, performing as a strong candidate for the long-term growth.
The e-payment market is constantly growing. The growth of Square (SQ) and the development of Apple Pay are just two examples of digital cash delivery options. However, PayPal may still serve as the best stock 2019 to invest in.
Experts believe that PayPal will continue to maintain its outpaced growth. PayPal has established a stronghold in e-commerce and mobile payments, with more than 270 million active users. The company’s success is also driven by its Venmo platform, which processed $21 million in transaction volume in just Q1 2019.
Long-awaited 5G connectivity is finally getting real.
Nokia has established itself as a 5G leader. Experts believe that the company will show strong performance in its earnings reports due to the upcoming 5G cycle and improved operational cash flow. Nokia offers a comprehensive range of solutions, including services and software, which is required to keep 5G connections running.
Analysts agree that if you’re looking for stocks with good return, Nokia Corporation might serve as a profitable investment option. Today, NOKIA shares are traded at $47.32 as of 15 July 2019.
Finally, the fifth stock in our list is Walmart (WMT).
The world's biggest retailer, Walmart has bitterly complained about the impact of Chinese tariffs. However, the retailer has successfully survived the big troubles so far. Walmart’s quarter results still express year-over-year growth.
Walmart is also moving towards e-commerce solutions and cutting-edge technologies, which could potentially enable the company to compete with Amazon. Still representing a significantly small part of Walmart's total business, web solutions and digital growth in general is set to continue. According to Q1 results, Walmart's e-commerce business grew by an impressive 37%. Today, WMT shares are trading at $114.81 (as of 15 July 2019).