Back in 2018, the market wasn’t as complex as it is today, in May 2019. The environment shifted a lot more and now we have to be careful and cautious while picking our stocks. The stocks that were strong during the last year are now more lucrative, while those who weren’t, aren’t that worth looking at.
Stock Market News Today -Five Best Stocks To Buy for May 2019
1. Exxon Mobil (XOM)
Many of you will be surprised to see XOM on the list and on top of that, in the first place. When it comes to higher oil prices, XOM is quite a poor player. Nonetheless, this company remains relatively stable, as it was during the past decade.
Their dividend of 4% and 14.5x forward P/E looks quite lucrative and makes this stock a great buy. Their earnings could also double by 2025, which adds space for growth, as predicted by analysts.
2. Bank of America (BAC)
Bank of America trades near its highest in May 2019, since its troublesome financial crisis. Looking at the results from July 2016, Bank of America gained over 100%, which is great news. During the past couple of years, Bank of America solidly increased their revenue, even more than JPMorgan Chase & Co.
This indicates that this company could see an increase in revenue during the next couple of years.
3. Roku (ROKU)
Roku is a high-risk-high-reward stock. At the moment, the company is labeled as unprofitable on an EBITDA basis. However, they have more than 28 million active users, and as such, they are a fast-growing platform. In 2019, Roku plans to build a new ecosystem, surpassing numerous companies in this branch of industry. If they succeed, potential buyers could prosper quite a bit.
4. Valmont Industries (VMI)
Valmont Industries hasn’t seen a fair share of revenue as of the past couple of months. Their irrigation business vastly depends on the farm income. Nonetheless, this cyclical business can turn around and with the upcoming 5G, the company can prosper with cellular phone companies.
5. United Parcel Service (UPS)
UPS, alongside FedEx, is the leader in the package delivery business. While their biggest threat is Amazon, their business remains intact. UPS is now trading at 13 times analysts’ EPS estimate, which is a great deal. Their stock yields 3.44%, representing a healthy middle. This is, once again, a bit risky stock but it can be a big reward, too. Source: Investorplace
