The landscape of the stock market is changing all the time, since prices can fluctuate dramatically because the market is volatile and is easily influenced by external factors. Because of this, it’s important to stay one step ahead of the game when stock trading, looking at market data, fundamental analysis and forecasts for the future of specific stocks. This will enable you to remain well informed about the best stocks to trade in, so that you avoid investing in stocks that aren’t at their optimum performance level right now.
To save you the hassle of scouring the market to find stocks that are classed as a buy right now, we’ve compiled a list of some of the best stocks to trade in this July, so that you can add this summer’s top stocks to buy to your portfolio.
United Health (UNH)
United Health (UNH) was founded in 1977, is a health care company and its headquarters are located in Minnesota. The company also provides software and data consultancy services and is divided into four branches — UnitedHealthcare, OptumInsight, OptumHealth and OptumRx.
UnitedHealth Group is currently regarded as a buy, recording an average rating score of 2.91 and boasting a price point that exceeds its consensus target of $443.74. The stock is currently in an optimum growth position and is forecast to gain 6.7% on its current price point which is $415.77.
At present, United Health is regarded as a low-risk investment and its movements are currently controlled and predictable. The stock also promotes good liquidity and recently averaged a daily volatility level of just 1.66%. So, if you’re looking for a low-risk stock to add to your portfolio, then we advise that you consider United Health, as it could be a strong prospect for the future and is currently in a good position to purchase.
Cisco Systema (CSCO) is a global technology company, based in California. The company develops and manufactures high-technology products and services and is currently a great stock to trade in. The company was hit hard by the effects of the pandemic, which saw a decrease in corporate spending on data networks like Cisco. However, last month, Cisco was performing optimally, recording a 22-month high, influenced by post-pandemic economic recovery. This means that the company has managed to expand on its 2020 position by 21% this year.
Cisco could prove as a great long-term buy because of its future growth prospects. The company’s revenue from its software has increased by 13% year on year and hit $3.8 billion in the last quarter. Cisco also has plans in the pipeline to pursue opportunities in security businesses and core networking, which could see some impressive growth take place in the future. Cisco also announced earlier in the year that they intend to purchase Kenna Security, which will increase its influence in the cybersecurity sphere.
Paypal is the world’s largest online payment system and at the end of 2020, spurred by an increase in online spending, the company announced that it had over 360 million users. Since the pandemic has changed the way that people shop, it is likely that PayPal should only continue to grow into the future and therefore, could prove to be a great long-term investment.
What’s more, PayPal has branched out into the world of cryptocurrency as of November 2020 and is continuing to develop its influence in this area. The company have provided customers with the ability to utilise cryptocurrency to shop online with 28 million merchants that are registered on its network. The stock is currently trading in its 5% buy zone and though it is likely to fluctuate outside of this zone this month, the stock is a worthy long-term investment and is likely to remain a leading stock in the market for the foreseeable future.