Here are five growing stocks to look out for if you are looking to invest in the US stock market.
Beyond Meat Inc. (NASDAQ:BYND)
From a mere $65 per stock a month ago, Beyond Meat Inc.’s stock price has surpassed $85 within 30 days.
With a market capitalization of more than $4.6B, Beyond Meat is a company with a range of products replacing actual meat.
Widely known for its categories namely the Beyond burger, Beyond Sausage, and Beyond Chicken Stripes, Beyond Meat Inc. provides plant-based substitutes.
Today, Beyond Meat as a brand is a big name across the US, and investors are happily investing in BYND.
Therefore, it’s undoubtedly a stock to keep an eye on.
Accenture PLC (NYSE:ACN)
From around $130 a share at the starting of 2019, Accenture Plc (ACN) has surpassed $180 just a couple of week back. It’s trading at around $175 as of now and is expected to grow over time.
The Reason?
Accenture, as most people know, is a Fortune 500 company providing professional services to other Fortune 500s. Most of their clients are from industries like Energy, Financial Services, Health, Communication, Public services, etc.
As the other Fortune 500 grows, Accenture (with a current market capitalization of $116B+ ) will continue to provide their services to most of them, and hence the value of the organization will increase.
Therefore, investing in Accenture is one of the least risky investments.
Microsoft Corp. (NASDAQ:MSFT)
Microsoft is one of the biggest names out there. Chances of your reading this article on Microsoft’s OS are very likely.
Started trading at around $95 a share at the start of this year, MSFT has lifted itself over $125 currently.
Microsoft might not have big roots in the B2C arena except for its OS, but their roots in the B2B market are pretty solid. They are one of the safest companies to bet on because of the other organizations’ dependency on their products & services. And in business, other’s dependency on any individual makes the individual stronger.
In short, hop on Microsoft Corp.’s train if you are looking to invest in the US stock market.
Qualcomm Inc. (NASDAQ:QCOM)
Smartphones are a big business today and their processors are one of the measures of the phone’s success.
Qualcomm Inc. is the biggest producer of those processors. Qualcomm, with a market share of more than 50% in the smartphone processors, is an amazing stock to invest in. Recently, Qualcomm’s stock (QCOM) went from $55 per share to more than $85 within a week.
May it be the fastest OnePlus or Premiumest Samsung (KS:005930), almost every Android smartphone - whether cheap or premium - is powered by a Qualcomm’s Snapdragon processor.
And, this dominance of a company on one of the most distributed devices is what makes Qualcomm Inc. a stock to look out for.
Netflix (NASDAQ:NFLX)
This is probably the most familiar company in the list for a common consumer.
Started trading around $285 a share at the start of the year, Netflix (NFLX) has touched $380 per share. It’s currently trading at around $355-$360 a piece.
Netflix is one of the dominating online video streaming services. The quality & collection of their content is better than any other competitors.
With a market capitalization of over $150B, NFLX is one of the top stocks to look out for.