S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20

7 Stocks That Still Have Upside For Investors to Buy

Posted on Thursday, April 22nd, 2021 by MarketBeat Staff
7 Stocks That Still Have Upside For Investors to BuyIt can be fun to invest in some speculative stocks. But it should go without saying that those stocks shouldn’t make up the bulk of your portfolio. In fact, it’s important to find a few good stocks that make up the base of your portfolio. These are momentum stocks that are in a strong uptrend.

One way to find such stocks is to look at the most active stocks (or volume leaders). Shares of these companies are among the most traded or have the highest dollar volume of shares traded in a given trading day.

Any stock may crack this list from time to time (for example, when there’s new news about the company). However, stocks tend to find their way on this list consistently that bear watching. That’s because this list indicates that there is pressure among investors to buy or sell the stock. And that makes an investor’s decision very simple.

And that’s the reason we created this special presentation. The stocks on this list are among the most actively traded stocks on the market today. They also share a similar quality. They are coming off strong years in 2020 and seem to be showing some consolidation for another leg up.

#1 - Nucor (NYSE:NUE)

Nucor logo

The first stock on this list is Nucor (NYSE:NUE) for a simple reason. Infrastructure’s been in the news recently and Nucor is the largest steel producer in the United States. It’s also the largest “mini-mill” steelmaker.

At the time of this writing, it’s unclear what form the infrastructure bill will take. However, it’s very clear that the focus will remain on those areas that are typically thought of as infrastructure. And that will be a catalyst for NUE stock.

Not that it needs much of a boost. NUE stock is up 114% in the last 12 months. But that’s a little deceptive. That’s because the stock is up 49% since the beginning of the year. That could have some investors feeling that the good news is all priced into the stock. But the company reports earnings in late April and they’ve been making a habit of surprising analysts to the upside. If they do it again, the stock may bust out of the range it’s been in since late March.

About Nucor

Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment comprises of carbon and alloy steel in sheet, bars; structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments.Read More 
Current Price
$113.98
Consensus Rating
Hold
Ratings Breakdown
4 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$116.82 (2.5% Upside)




#2 - Square (NYSE:SQ)

Square logo

When JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon opined about the emerging threat that financial technology (fintech) companies presented, he may well have had Square (NYSE:SQ) in mind. Square has become the payment processor of choice for a host of businesses who use Square as their payment processor.

And Square is taking direct aim at the big banks by adding automatic clearing house (ACH) transfers to its invoices. Instead of the typical 3% fee that consumers and businesses are charged for a debit or credit card transaction, Square will only charge 1% for an ACH transaction. For restaurants and retailers that operate on ultra-tight margins, this is a very big deal.

It’s also a reason why SQ stock should have much higher to climb. In the last 12 months, SQ stock has climbed 303%. However, it would be up even higher but it was caught up in the tech selloff. The stock made one more run at that $275 number but has been beaten back. But a strong earnings report may be the catalyst for the stock to move to new heights.

About Square

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.Read More 
Current Price
$212.08
Consensus Rating
Buy
Ratings Breakdown
27 Buy Ratings, 8 Hold Ratings, 1 Sell Ratings.
Consensus Price Target
$301.68 (42.2% Upside)




#3 - PayPal (NASDAQ:PYPL)

PayPal logo

If we’re going to mention Square, we shouldn’t ignore PayPal (NASDAQ:PYPL). PayPal is still a recognized leader in the digital payment platform. And PYPL stock is beginning to show the effects of pent-up demand as consumers are beginning to spend.

Like Square, PayPal is targeting services once left to traditional banks. The company already offers debit and credit cards. And with its Working Capital program, PayPal offers small businesses a low-cost way to obtain access to a business loan in minutes.

And PayPal has recently started to accept cryptocurrency, which is providing even more of a catalyst for the stock. PYPL stock is up 135% in the last 12 months. However, it has slowed down to be growing 13% in 2021. Like many tech stocks, it was bounced off its high near $300 in February and has yet to make another run at it. However, PayPal reports earnings in early May and the stock looks to be consolidating in advance of that report.

About PayPal

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.Read More 
Current Price
$187.79
Consensus Rating
Buy
Ratings Breakdown
34 Buy Ratings, 8 Hold Ratings, 1 Sell Ratings.
Consensus Price Target
$283.64 (51.0% Upside)




#4 - Nvidia (NASDAQ:NVDA)

NVIDIA logo

The global chip shortage is going to create a supply and demand problem for the foreseeable future. That’s one reason to invest in Nvidia (NASDAQ:NVDA). In fact, two analysts give NVDA stock an $800 price target which would be an increase of over 30% from its current level.

 But it shouldn’t be your only reason. Fortunately, it’s not. At the company’s recent Investor Day, the company showcased new data center central processing unit (CPU). This should help the company build on the record $6.7 billion in data center revenue it earned in 2020.

NVDA stock is up 110% in the 12 months ending April 20. But the stock is up just 15% in 2021. That’s due to Nvidia being swept up in the broad tech sell-off in March.

Investor Day presentations are typically a strong precursor of a company’s earnings. In the case of Nvidia, that suggests the company will be delivering a strong report in May. It also gives investors reason to jump on the stock, as it’s likely to move higher.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.Read More 
Current Price
$315.03
Consensus Rating
Buy
Ratings Breakdown
28 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$329.98 (4.7% Upside)




#5 - Home Depot (NYSE:HD)

Home Depot logo

The Home Depot (NYSE:HD) is another stock that makes the list of stocks that show no signs of cooling down. Home Depot was a massive pandemic winning stock as homeowners decided it was time to do some major home improvement. This gave the company a chance to put its omnichannel model to work.

In 2019, Home Depot was making a pivot to increase their e-commerce business including home delivery. At the time it was seen as a bit of a risk. After all, it didn’t seem to be something that people were clamoring for in the area of home improvement. That all changed in 2020 and HD stock was a major beneficiary.

In the last 12 months, HD stock is up 56%. And in 2021, the stock has gained 22% including 11% in the 30 days ending April 20. That’s impressive growth. And the company has some additional catalysts that should keep it moving forward.

One that’s particularly exciting is its purchase of HD Supply Holdings. This will make Home Depot the premier provider of maintenance, repair, and operations products for multifamily and hospitality end markets.

About Home Depot

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.Read More 
Current Price
$402.70
Consensus Rating
Buy
Ratings Breakdown
16 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$409.10 (1.6% Upside)




#6 - Deere & Company (NYSE:DE)

Deere & Company logo

Strong commodity prices were a key reason that Deere & Company (NYSE:DE) shattered expectations in its most recent earnings report. And according to FocusEconomics, commodity prices are expected to climb 10.6% on a year-over-year basis in the fourth quarter of 2021.

However, beyond the cyclical nature of commodities, Deere would appear to have two catalysts with the infrastructure bill expected to increase activity in both the agricultural equipment and construction sectors.

DE stock is up 169% in the last 12 months and 38% in 2021. The consensus price target for Deere is $334.25 which is about 10% below the stock’s price (as of April 20). However, this is a case where the company is also rated as a buy with at least one price target that suggests the stock could climb as high as $425.

 Investors have a while to wait for earnings. Deere is traditionally one of the last companies to report.

About Deere & Company

Deere & Co engages in the manufacturing and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf; Construction and Forestry; and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacturing of full line of agriculture and turf equipment and related service parts.Read More 
Current Price
$359.30
Consensus Rating
Buy
Ratings Breakdown
12 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings.
Consensus Price Target
$385.06 (7.2% Upside)




#7 - Microsoft (NASDAQ:MSFT)

Microsoft logo

By the time you read this, Microsoft (NASDAQ:MSFT) may be part of the illustrious $2 trillion market capitalization club. And it’s not because people are suddenly buying more of the company’s enterprise software and personal computing products (although that did happen during the pandemic).

Rather, Microsoft is an example of a company that keeps reinventing itself to the delight of investors. The company made a hard pivot from desktop computing to cloud computing. And with several high-profile contracts in hand, including the 10-year, $10 billion contracts with the U.S. Department of Defense, you’d have to say it’s been a successful pivot. The need for support tools such as Microsoft Teams for remote work and an online school provided an additional tailwind for MSFT stock.

MSFT stock is up 47% in the last 12 months. Growth has slowed to “only” 18% in 2021 and 9% in the last month (ending April 20). Investors will want to pay attention to the company’s next earnings report at the end of April. However, there seem to be many catalysts that suggest Microsoft will continue to reward investors.

About Microsoft

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.Read More 
Current Price
$329.68
Consensus Rating
Buy
Ratings Breakdown
32 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$349.87 (6.1% Upside)



 

Earnings season is a good opportunity to evaluate your portfolio and sift out the winners and losers. In a volatile market like the one that we’re in, it’s understandable to find a few stocks that can provide a port in the storm.

The stocks in this presentation can serve that role quite well. In addition to being some of the most active stocks in the market, these stocks have all shown strong growth in 2020 that has carried over into 2021.

And many of the companies in this presentation are expected to report strong earnings that may provide a catalyst for the next leg higher.

If you’re looking to have a one-stop resource for finding the most active stocks, you should give strong consideration to subscribing to MarketBeat All Access. In addition to finding a list of the most active stocks, you’ll find stock screening tools and various other tools that will help you identify profitable stocks.

7 Social Media Stocks That Are Worth Your Attention

If you have a child in high school, they likely will not know a world that didn’t include social media. And for better or worse, social media is here to stay. That’s because these companies have developed ways to keep their users engaged. And engagement is the keyword.

For the most part, social media companies generate money through ad revenue. Simply put, the more active (i.e. engaged) users they have, the more revenue they generate.

Higher revenue leads to earnings growth. And earnings growth is always a harbinger of a higher stock price. That’s why it’s important for investors to pay attention to this sector even if they’re not active users of social media themselves.

For the purposes of this presentation, we’re not including Facebook (NASDAQ:FB). The company is well known as the leading social media stock. However, the company’s recent troubles are also well documented. And as of this writing, FB stock remains under pressure. It may, and likely will become a buy and perhaps at a better valuation. But for now, Facebook doesn’t get a like.

But if you’re interested in which social media stocks may be good buys, we’re happy to give you “7 Social Media Stocks That Are Worth Your Attention”

View the "7 Social Media Stocks That Are Worth Your Attention" Here.





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