The Top 3 Stocks to Buy Right Now!
Now that June is in full swing, stock markets are expected to be less active. Savvy investors will take this opportunity to find great deals. Here are the top 3 stocks to add to your portfolio right now!.
1. Noravax, Inc. (NASDAQ:NVAX)
Noravax, a vaccine developer, said it expects to announce the phase 3 results of its RSV vaccine sometime in the third quarter of the year. The RSV virus is a common cause of elderly and infant hospitalization. With the timing of the data still unknown, now may be a good time to pick up shares in the company.
Currently, there is no vaccine for RSV. The virus results in 180,000 elderly and 132,000 infant hospitalizations each year in the U.S.
Noravax says 111 million seniors may benefit from an RSV vaccination by the end of the decade.
While there is no guarantee that the vaccine’s third trial will succeed, its phase 2 trials were highly successful with seniors.
2. McDonald’s (NYSE:MCD)
Love it or hate it, this fast food chain giant is making a comeback. McDonald’s has made great strides in winning back both consumer and shareholder confidence through new growth opportunities.
McDonald’s recently introduced its all-day breakfast menu and has taken steps to improve the quality and speed of its customer service.
With a 3% dividend yield and four decades of annual dividend increases, this is a stock you want to add to your portfolio this month.
3. International Business Machines (NYSE:IBM)
After falling to a multi-year low just a few months ago, IBM has staged a serious comeback. While the stock is still down, negative sentiment appears to have bottomed out.
IBM is in the midst of transforming its business, which has been a painful process for investors. Volatile exchange rates didn’t help the company’s profits and revenue either.
But the company is seeing growth in some key areas, including analytics, cloud computing, mobile, security and social. These units generated $29.8 billion in revenue over the last year and account for 37% of the company’s total revenue.
Despite its rough road, IBM is still a profitable company and one of the top 3 stocks to buy right now.
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