Here’s a quick summary of the five best stocks to buy or watch right now, based on recent analysis:
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1. MercadoLibre (MELI)
- Sector: E-commerce & Payments
- Highlights: MercadoLibre, the largest e-commerce player in Latin America, is showing strong earnings growth and solid technical performance. The stock has recently cleared a buy point and is favored by institutional investors.
- Recent Performance: Up 14% in 2024, with earnings growing 103% in the latest quarter.
2. Tenet Healthcare (THC)
- Sector: Healthcare
- Highlights: Tenet Healthcare is benefiting from increased revenue per surgical case. The stock has strong institutional support and has surged 93% so far this year.
- Recent Performance: Earnings are up 60%, driven by higher revenue per case and solid financial results.
3. NextEra Energy (NEE)
- Sector: Renewable Energy & Utilities
- Highlights: NextEra Energy is a leading renewable energy company, benefiting from rising power demand and solid dividend payouts. The stock has a strong earnings outlook and institutional backing.
- Recent Performance: Up 27% in 2024, with earnings expected to grow 8% annually.
4. Tyson Foods (TSN)
- Sector: Food Processing
- Highlights: Tyson Foods has shown strong technical action and is in a buy zone after a recent breakout. The stock is expected to see a significant earnings turnaround in 2024.
- Recent Performance: Up 18% in 2024, with earnings expected to soar 96% in 2024.
5. Howmet Aerospace (HWM)
- Sector: Aerospace & Defense
- Highlights: Howmet Aerospace supplies key components to major aerospace companies like Boeing and Lockheed Martin. The stock is near all-time highs and has excellent earnings growth.
- Recent Performance: Up 52% in earnings in the latest quarter, with strong institutional support.
These stocks are showing strong technical and fundamental characteristics, making them prime candidates for your portfolio or watchlist.