Three growth stocks to buy now feature opportunities that could receive a lift from the election of Donald Trump to return to the White House as its next president on inauguration day, Jan. 20.
The three growth stocks to buy now are led by a fast-charging cryptocurrency company that is regarded by Citi Research as a buy, but with high risk. The other two growth stocks to buy now are a cybersecurity company and a stock that is a telecommunications provider.
Investors who choose the right sectors that the incoming president will favor with his policy priorities stand to do well. Those who wait idly on the sidelines may regret not participating in the market rally that began the day after the Nov. 5 election when it became clear the cryptocurrency-friendly, pro-business and deregulation-minded president-elect would take office to replace outgoing President Joe Biden.
Three Growth Stocks to Buy Now: Coinbase
One of the three growth stocks to buy now is Coinbase Global Inc. (NASDAQ: COIN), which describes itself as a decentralized company without a physical headquarters. The company offers a cryptocurrency exchange platform that allows users to buy, sell, store and transfer digital currencies, such as Bitcoin and Ethereum.
Coinbase also offers an array of services that include a digital wallet, trading platform and developer tools. The company generates revenues by charging fees for transactions. The fees vary, based on the amount and the payment method.
A recently launched trading service, Crypto & Commodities Trader, already has produced three stocks that have approached or topped 50% returns in a short period of time. One of the stocks is Coinbase, which has rocketed 52.05% since it was recommended by the service’s leader Jim Woods, a seasoned market maven who also heads the Successful Investing newsletter.
Paul Dykewicz meets with Jim Woods, head of Successful Investing.
Three Growth Stocks to Buy Now: ‘Trump Bump’
Woods credits part of Coinbase’s surge to what he calls a “Trump bump.” With the president-elect looking to support rather than erect barriers to the cryptocurrency industry, the stock has become part of a momentum play. It pulled back 1.58% on Tuesday, Nov. 12, and slipped an additional 2.42% in afterhours trading, so investors may want to watch for it to bottom as speculators seeking to turn a fast protect take profits.
However, such volatility is to be expected in high-flying stocks whose financial fundamentals have not changed much in a matter of days, but whose potential generates a “buzz” that drives a stock’s price upward. President-elect Trump is firmly in the pro-cryptocurrency camp, embracing the asset class while heavily courting the crypto community during his campaign, Woods wrote to his Successful Investing subscribers.
“I think this is a great thing, because crypto is an unstoppable force driven by demand and technology that cannot be denied or ignored,” Woods continued. “Try as they may, and certainly Securities and Exchange Commission (SEC) Chairman Gary Gensler and the current regulatory apparatus has done just that, Bitcoin, Ethereum, Solana, etc., haven’t been stopped, because smart investors know this is the next big asset class for capturing alpha.”
Chart courtesy of www.stockcharts.com
Three Growth Stocks to Buy Now: Fortinet
Another fan of cryptocurrencies and cybersecurity investments is Mark Skousen, who is helping his TNT Trader subscribers profit from them. Skousen, who also heads the Forecasts & Strategies investment newsletter, is recommending cybersecurity company Fortinet, Inc. (NASDAQ: FTNT), based in Sunnyvale, California.
Fortinet provides its customers with firewalls, antivirus, intrusion prevention and endpoint security to help secure in-house and remote workers. The world is becoming increasingly cyber-centric, and that means unsavory opportunists of all sorts are seeking to exploit the weaknesses in cyber systems.
Fortinet has jumped 32.87% since Skousen recommended it on Aug. 19 to his TNT Trader subscribers. The stock remains a buy in the service.
Mark Skousen, head of TNT Trader and scion of Ben Franklin, talks to Paul Dykewicz.
“My favorite stock in the cybersecurity space is Fortinet,” Woods told me. “The company’s software helps customers build a virtual ‘fortress’ around their data, and it does this chiefly through its firewall software.
“Fortinet also has targeted the latest trend in the cybersecurity markets, the so-called software-defined wide area networks. This is a relatively new computer networking technology, and experts say this is the next frontier in the cloud computing and cybersecurity technologies.”
Woods also teams up with Skousen on the Fast Money Alert trading service. All the trading services they work on independently or together offer both stocks and options. Their respective investment newsletters focus solely on stocks for those who would rather avoid the extra risk that comes with trading options in search of heightened returns.
Chart courtesy of www.stockcharts.com
Three Growth Stocks to Buy Now: Perry’s Perspective
Another investment guide who has recommended cryptocurrencies in a recently created portfolio in his Hi-Tech Trader advisory service is Bryan Perry, who also heads the Cash Machine investment newsletter. The latter publication features stocks that average a dividend yield of more than 10%.
One of the stock’s that he is recommending is New York-based Verizon (NYSE: VZ), a traditional telecommunications company that provides services and products in the areas of technology, communications, information and entertainment. The company’s services include voice, data, video and wireless communications.
Dividend-paying Verizon also provides network access for IoT services and products. Income lovers also will appreciate its dividend yield of 6.71%.
Bryan Perry, head of Cash Machine and Hi-Tech Trader, recommends cryptocurrencies.
Verizon is up more than 20% since Perry recommended it in his Cash Machine investment newsletter. It offers an enticing combination of both income and an opportunity for capital appreciation as its share price rises.
Chart courtesy of www.stockcharts.com
Three Growth Stocks to Buy Now: Summary
The “Trump bump” is already exhibiting its existence within a week of the Nov. 5 election results. Even before President-elect Trump takes office, stocks in sectors that could benefit from his administration’s policies already are showing a bump in their share prices.
Paul Dykewicz, www.pauldykewicz.com, is an award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce, Crain Communications, Seeking Alpha, Guru Focus and other publications and websites. Paul can be followed on Twitter @PaulDykewicz, and is the editor and a columnist at StockInvestor.com and DividendInvestor.com. He also serves as editorial director of Eagle Financial Publications in Washington, D.C. In that role, he edits monthly investment newsletters, time-sensitive trading alerts, free weekly e-letters and other reports. Previously, Paul served as business editor and a columnist at Baltimore’s Daily Record newspaper and as a reporter at the Baltimore Business Journal. Plus, Paul is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. The uplifting book is endorsed by Joe Montana, Joe Theismann, Ara Parseghian, “Rocket” Ismail, Reggie Brooks, Dick Vitale and many other sports figures. To buy signed and specially dedicated copies, call 202-677-4457.
