The Best US Stocks to Buy Right Now Your Guide to Smart Investments
Investing in stocks is straightforward, but selecting the right ones without a proven strategy can be quite challenging. With thousands of stocks available on the NYSE and Nasdaq, your goal should be to identify the best opportunities for significant gains. Look for stocks with recent quarterly and annual earnings growth of at least 25%, and consider companies introducing innovative products and services. Additionally, keep an eye on not-yet-profitable companies, often recent IPOs, which are experiencing substantial revenue growth. Despite some recent fluctuations, the stock market appears bullish again, making it an ideal time to invest in high-quality stocks with promising growth prospects.
Below are some of the top US stocks to buy or keep an eye on, with the IBD 50 serving as a valuable resource. However, it’s crucial to remain vigilant about sell signals. If any stock drops 7% to 8% from your purchase price, it’s wise to sell. Also, be cautious of sharp declines below the 50-day or 10-week moving averages. Once you know How to invest in US stocks, you are good to go, let’s check the same as under:
Top Stocks to Buy or Watch Now
The following are the top US stocks to buy, have a look as under:
Netflix (NFLX)
Netflix needs no introduction. It is currently in a buy zone, trading above a cup-base entry point of 697.49, with shares just below an alternate entry of 711.33. The stock has been supported by the 21-day exponential moving average and the 50-day line. Additionally, the relative strength line is near fresh highs, indicating bullish momentum. NFLX boasts an impressive IBD Composite Rating of 98, reflecting strong overall performance and its earnings performance is equally robust, with an EPS Rating of 98.M/I Homes (MHO)
This homebuilder is trading just below a cup-with-handle buy point of 173.69. While this is a fourth-stage base, which is generally less favorable, the relative strength line is rising on a weekly chart, indicating positive momentum compared to the S&P 500. MHO has rallied over 44% from its lows in July, showcasing a strong upward trend.
Broadcom (AVGO)
The next best US stocks to buy include Broadcom. It has provided aggressive entry points since late September, clearing a trend line and a short-term high of 172.42. Although the stock has recently pulled back, it found support at the 21-day line. Currently, it is targeting a consolidation-pattern buy point of 185.16, with a potential handle forming after October 3, which would lower the official entry to 180.25. This stock is in a third-stage base, indicating mid-stage growth.
Cboe Global Markets (CBOE)
CBOE is rebounding from the 10-week moving average and breaking a downtrend within a flat base, providing opportunities for early entry. This flat base is part of a rare, bullish base-on-base pattern, with an ideal buy point at 216.14. Being a first-stage base, this is a favorable setup, and the latest pattern has developed over six weeks.
Wrapping up
Once you know about How to invest in US stocks, make sure you remember that, one may find the stock market presents numerous opportunities, it’s essential to approach investing with a strategic mindset, focusing on high-quality stocks and maintaining awareness of market signals. So, all the best for your US stocks to buy!