New investors often struggle with knowing which stocks are good to buy. That can be incredibly challenging when you start and don’t have much money to put into the market. After all, it doesn’t take very many dollars to invest in stocks. You probably don’t have excess cash lying around waiting to be supported if you’re starting. Amazon stock forecast today is $3,680, Tesla stock forecast today is $976.82, and PayPal stock forecast today is $124.27.
If your savings account is looking a little bare and you want to start investing in stocks, worry not! There are plenty of great stocks for new investors to buy that won’t break the bank. Listed below are the four best stocks to buy now, according to analysts.
BorgWarner (NYSE: BWA)
BorgWarner is an engineering company that specializes in drivetrain components. The company produces systems and components for cars, trucks, and marine and industrial applications. They also provide a wide range of services and engineering consulting. BorgWarner designs and manufactures products such as transmission systems, drivetrains, clutches, and hybrid electric systems. The company has been in business since 1928 and has been profitable every year since 1938. BorgWarner has 63 sites in 18 countries and more than 8,000 employees globally. The company’s products are used in both passenger vehicles and commercial vehicles. The company has $3.3 billion in revenues this year, and the earnings per share are currently $2.04. BorgWarner has a 3-year average annual growth rate of approximately 6%.
Cintas (NASDAQ: CTAS)
Cintas is the world’s largest provider of corporate attire and related services. The company’s services include the rental, cleaning, and replacing of uniforms for corporate employees and their families. They also provide custom uniforms, footwear, and other clothing for various industries such as healthcare, first responder, food services and hospitality, public safety and security, oil and gas, and construction. Cintas has been in business since 1969, and they employ over 50,000 people worldwide. Cintas expects to make $1.1 billion in sales this year, and the EPS now stands at $5.87. As a result, the firm has a three-year average annual growth rate of around 10%
Mylan (NASDAQ: VTRS)
Mylan is the third-largest generic drug manufacturer in the United States. The company’s portfolio of products includes more than 350 different products. These include a variety of dosage forms like tablets, capsules, liquids, and injection solutions. In addition, the company provides both dosage form drugs and biosimilars. These are biologic products that are interchangeable with original biologic drugs. The company’s products are used to treat various diseases, including cancer, diabetes, asthma, and COPD. Mylan has been in business since 1961, and they employ over 40,000 people. The company is expected to earn $6.7 billion in revenues this year, and the earnings per share are currently $3.05. In addition, the company has a 3-year average annual growth rate of approximately 8%.
XPO Logistics Inc (NYSE: XPO)
Logistics firm XPO Logistics offers a comprehensive variety of global supply chain solutions to businesses throughout the world. These solutions include transportation and ocean freight, customs brokerage, warehousing and distribution, contract logistics, and value-added services. The company’s logistics network spans more than 220 countries and territories, including every country in North America, South America, Europe, and Asia. XPO Logistics has been in business since 2002 and is currently the largest logistics company globally. The company is expected to earn $6.3 billion in revenues this year and has earnings per share of $2.
Conclusion
Stocks are a great long-term investment vehicle, but you must pick them wisely. When the stock market is in a downturn, it’s a great time to buy into companies that are healthy and have a bright future. These 4 stocks to buy now are all growing companies that are poised for great things in the coming years. They have wide-reaching customer bases, healthy profits, and strong leadership teams. These companies also have a huge opportunity for growth as technology continues to advance. As these technologies become more widespread, people will use these companies’ products and services more and more, which will lead to even greater profits and stock price appreciation.
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