The stock market is getting more unpredictable and it is challenging to distinguish good stocks from bad ones. Fortunately, Investor Place compiled 7 best stocks to invest in for the long haul.
VICI Properties (VICI)
VICI Properties went public on January 31, 2018, at $20 per share. It’s first day return was 4.5% and the shares are currently up to 11.5% since its IPO.
Over a year into IPO, it under-performed, but it sure won’t be for long.
The company went public in September 2017 at $14 a share. Its first-day return 67.9%, and its total return since its IPO is 495.3%.
Roku makes money through advertising, licensing fees from Smart TV manufacturers who would use the Roku operating system, and profit from streaming players sales.
Ceridian HCM (CDAY)
Ceridian HCM went public in April 2018 at $22 per share. Its first day return was 41.9% and its total return since IPO is 128.0%.
At the end of Ceridian’s Q1 2019, the company now has 3,851 customers, a 28% increase in just less than a year. As it proceed with building markets in North America and beyond, drastic increase in its profitability can be anticipated.
Focus Financial Partners (FOCS)
FOCS’ total return since its IPO is $33. Although, it made 13.8% return in its first day, it ended up losing it all in the 11 months since its IPO.
However, income growth for 2019’s second quarter is expected to increase. Buying shares in FOCS could be more promising in the near future.
Dropbox, the web-based cloud storage, went public on March 22, 2018, at $21 a share and gained $35.6% in its first day. Investors wasn’t pleased about its stock as it’s up only 8.6% in nearly 14 months of trading.
However, it’s common for IPO shares to go downhill after an exciting first-day return.
Zoom Video (ZM)
Zoom went public on April 17 at $36 a share and became an immediate hit after it gained 72.2% in its first day. Since its IPO, its annualized total return is nearly 1,500%.
Now, what makes this stock a must-own is the fact that CEO Eric Yuan left Cisco to develop the best video conferencing technology.
Spotify went public on April 3, 2018, at $132 a share. Its first-day return was a considerable 12.9%, and its total return dropped to 3.4%.
Fortunately, a 26% annual increase in active monthly users to 217 million and a 32% increase in premium subscribers to 100 million was announced in its Q1 2019 results.
In addition, let’s not forget that it generated $173 million in free cash flow and its recent launch of technology for Podcasters.