Earn Yourself an Early Christmas Present: 5 Stocks to Buy Now

Bolster your portfolio and check out the stocks to buy now that offer a huge upside potential.

Another calendar year is upon us which means millions of people will begin the annual ritual of creating New Year’s resolutions.

One of the most popular resolutions is to make more money. Whether it’s through promotions at work or investments in the market, everyone wants to put add to their personal bottom line. Of course, one of our favorite ways to make money is to invest wisely in stocks.

But what stocks should you purchase? What stocks are going to be profitable in 2019 and beyond?

Read on, as we reveal our five favorite stocks to buy now. These are stocks with a focus on long-term growth for 2019 and for the foreseeable future.

1. Amazon (AMZN)

Our favorite set-it-and-forget-it stock is Amazon. This should come as a shock to no one as the stock has been a popular choice for investors for years.

Our enthusiasm for Amazon is well justified. The company is what Warren Buffett calls a “wide-moat,” which means it has it’s involved in numerous products and services that figure to be profitable for years.  

Amazon’s AWS cloud business earns over $1 billion annually.  Even better, Amazon Prime has 100 million subscribers paying $99 every year.  The $9.9 billion in subscription revenue is impressive, but what really matters is how much these consumers spend purchasing other Amazon products.  Statistics reveal these loyal consumers spend more on the site than they did before subscribing to Prime.

The company is led by an innovative CEO, Jeff Bezos, who positions them for continued success for the long haul.

2. CorVel (CRVL)

CorVel has a lot going for it.  The Irvine, California based company has an immense market, as they help companies control the costs of their insurance and workers compensation.

The financials are attractive too with improved revenue at a rate of 10% a year for the past decade.  And the company earned an impressive 24% on stockholders’ equity last year.

3.  Starbucks Corporation (SBUX)

You might think Starbucks has already experienced max-growth with a store seemingly on every corner.

But consider this: Starbucks is still largely under-developed in many countries. Currently, the largest grown is in the China/Asia Pacific region.  In China, for example, Starbucks opened 278 new stores between July and September this year.

Hedge fund icon Bill Ackman believes so strongly in Starbucks growth in 2019 he invested $900 million in the company in October.

4. Alibaba (BABA)

The future of the Alibaba stock price has been a hot topic in 2018.  In June, the China-based company’s stock rose to an all-time company high of $210 per share.

Since then, the company announced CEO Jack Ma is stepping down.  This comes as stocks in Chinese companies have taken a hit due to pressure from the US/China trade war.

Still, Alibaba is poised for fantastic revenue growth.  Already a $400 market cap company, the company projects final year revenue growth of 58%.  And analysts predict 40% growth in earnings in 2019, making the stock an excellent value buy.

5. Berkshire-Hathaway (BRK.B, BRK.B)

Berkshire-Hathaway has been a mainstay on top stock lists for decades.  It’s leader, Warren Buffett, turns profits like no other.

But the big concern with investors is how long Buffett, age 88, will help the company.  Surely, Buffett will step away in the not-too-distant future and many fear his departure could spell the end of the company’s long and successful run.

However, those who trade stocks for a living know the best way to value a company is to examine the current value of their future cash flows. Investors can remain confident in Berkshire-Hathaway whose future cash flow appears to be significant.

What’s more, Berkshire-Hathaway is structured similar to a mutual fund, with a diverse group of holdings but without the management fees.

Stocks to Buy Now: Wrapping It Up

You don’t have to wait until January to invest wisely.  These five companies are excellent stocks to buy now for 2019 growth and beyond.

Everyone’s financial situation is unique.  Analyze these investments carefully to determine if they are wise fits for your portfolio.

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