Most of the top 12 stocks to be purchased for 2021 are complimentary to economic recovery prospects as the world is fighting back COVID-19. Most of the investors very well know that the stock market had very few surprises in 2020. The same situation is waiting ahead as the strongest factor that experts are considering and analyzing to find the best stocks to buy for June 2021 i.e. COVID-19.
1. PayPal Holdings
Paypal holdings stock price has increased fivefold, but Danoff hasn’t cashed it out yet – he was buying more in 2020. Therefore, it is the best stock to buy right now.
2. Castle Biosciences CSTL
Castle shares have been trading since a year and a half and their price has shot up 262% from their initial public offering (IPO) price of $16. But Wasatch continues to add to its holdings, and Castle Biosciences now ranks among the fund’s top 10 stocks to buy at 2.4% of AUM.
3. IEC Electronics
IEC Electronics is also one of the best stocks to buy for June 2021 because of its potential as a takeover target.
4. Hilton Worldwide Holdings HLT
Yet analysts from Wall Street believe earnings must rise in June 2021. And a cash pot of $3.5 billion will see Hilton through.
5. Alibaba Group Holding Ltd
With 11.10% of AUM, Alibaba group is now the 2nd largest holding regarding funds. Alibaba group is booming now days with revenues have more than tripled in the last three years. Its stock is booming, but its continued upside potential makes it one of the best stocks to buy for June 2021.
6. Wayfair inc (W)
Lock downs, accelerating store closures in a fragmented industry will drive more sales online. Wayfair inc stock price will surely rise in the coming June 2021.
7. Microsoft MSFT
According to forecasts of Value Line, Microsoft’s earnings must increase by an average of 15-16% for the next five years – nearly doubled as compared to the past five years. The stock also throws off a modest amount of income via its 1.0%-yielding dividend. These are the reasons which makes MSFT one of the best stocks to buy for June 2021.
8. Stryker Corporation
According to analysts of Canaccord Genuity who believe that Stryker must be “a core position for growth-oriented investors.”
9. United Parcel Service (UPS)
UPS must succeed in any pandemic scenario. It’s already making vaccine deliveries for different businesses. In the recent recovery phase would also support it’s strong e-commerce sales which is a plus point for UPS.
10. Bank of America BAC
BAC’s shares have been rallying hard since March, yet they still remain at 2017 levels. It’s as if the great market boom of the past four years never happened.
11. Intel – Semiconductor company
Intel looks like an unusual tech bargain, however, with a forward price-earnings ratio of 11 and a 2.6% dividend yield.
12. JPMorgan Chase (JPM)
Low interest rates have reduced the bank’s net interest income – the difference between the interest it earns from lending money and what it pays depositors. But record revenues in 2020 from investment banking and trading have been a boost. JPM is well positioned for an economic rebound, and could join Bank of America as one of the best stocks to buy for 2021.
Reference: Stock to buy now