Would you like to know which are the best stocks to buy now? Based on the current analysts ‘ recommendations, we have filled up this list below.
BlackBerry (NYSE: BB)
BlackBerry is one of the most recognizable brand names globally, with a rich history dating back over 40 years. The company pioneered the handheld email and instant messaging networks that are ubiquitous today. However, the mobile phone market changed rapidly in the last couple of years. Competitors such as Apple and Samsung gained market share, while BlackBerry lost it. As a result, the company continues to struggle to regain its former glory and regain investors’ trust.
The company recently reported its worst financial results in over a decade. The operating loss of $485 million was nearly triple the $173 million from the previous year.
So how does a company with a market capitalization of just $4.4 billion plan for the future? Analysts believe that the company will return to profitability, including his views on when a BlackBerry comeback.
If BlackBerry continues operating as an independent entity, it will need to find a way to reverse its declining fortunes.
BlackBerry might have a shot at a turnaround if it starts selling more smartphones. However, a new report from The Wall Street Journal states that the company plans to focus on software and services in the long term.
Before you plunge into BlackBerry’s stock, you should know that the company will soon release its Q2 2022 earnings. Although the company is expected to post an earnings surprise of about 5%, the stock could see a massive correction in its price.
Boston Beer (NYSE: SAM)
The craft beer boom has been fantastic for local breweries, but it’s also created some growing pains for parent companies. With the craft beer boom, small and independent breweries have been growing rapidly, and some of them have been doing so faster than their parent companies can keep up. To keep pace with demand, some of the largest breweries in the world have started buying up smaller craft breweries. In the past year alone, A.B. InBev, SABMiller, and Heineken have all made aggressive moves to acquire craft brewers. Now, another large beer company has joined the fray: Boston Beer Company (NYSE: SAM), a maker of Samuel Adams lager and other brands, is being sold. But is it too late for Boston Beer Company investors?
To reduce debt and pay back investors, the Boston Beer Company (NYSE:SAM) may consider partial privatization and stock sale-off. The craft brewing company, led by Chairman and co-founder Jim Koch, generates significant revenue from its high-end international brand, Samuel Adams. The possibility of a sale-off of this high-value brand has investors worried and trading at a significant discount. So is buying Boston Beer stock a good idea?
The company is expected to announce the terms of its potential sale as early as this week. The company is one of the largest craft brewers in the U.S. and the world’s biggest independent craft brewer. In 2017, the company’s sales increased by 62 percent to $1.9 billion.
The potential sale of the company has caught many people by surprise. However, it makes sense if you look at the numbers. The company is being valued at a massive $10 billion. That’s more than the value of Anheuser-Busch InBev (NYSE: BUD ), the world’s largest beer company.
Shopify (NYSE: SHOP)
With Shopify, you can set up an online store in less than a day with tools that are simple to use. From apps that help you design your store to automated checkout so you don’t have to manage cash flow, Shopify has it all.
As of this writing, Shopify (NYSE: SHOP) is down about 10% from its mid-June high of $56. The stock has come under pressure since peaking in the spring. It’s down about 10% from its mid-June high of $56. The company has lost about a third of its value over the past three months. Will the plunge continue? Or is it time to buy Shopify stock now?
The stock market loves nothing more than a good comeback story. After plummeting more than 70% from its all-time high in October 2017, Shopify (NYSE:SHOP) stock was very vulnerable. Many investors couldn’t get on the Shopify train, and the company’s leadership had to step up their game to turn things around. Shopify has made some much-needed adjustments to improve its business and position itself for long-term success in the past year. These improvements are good news for investors that back in buying SHOP.
T-Mobile US (NASDAQ: TMUS)
T-Mobile and software company Lumen have entered into a partnership to see the latter’s 5G network analysis software integrated into the former’s network operations and customer care software. The deal results from months of negotiations between the two parties and is a big win. However, it’s also one that suggests T-Mobile is serious about improving its customer care operations, not just its offer of free snacks and drinks.
In recent years, T-Mobile has been roundly criticized for its customer service, and it desperately needs a makeover. The company is still recovering from its failed merger with Sprint, and its battle for dominance in the U.S. wireless market has only just begun. As a result, it has a lot of ground to make up, and it needs to do so quickly. That’s why the announcement of the Lumen deal is a good sign. It suggests that T-Mobile is serious about improving its operations and customer care, not just its deals and discounts.
The telecommunications sector is one of the best-performing stock market sectors today. That’s no secret. The sector has struggled mightily from the combination of massive overbuilding, changing consumer behavior, and increased competition to the rapid growth of low-cost carriers. Despite all the challenges, T-Mobile U.S. (NASDAQ: TMUS) is the best player in the sector today. So, why is that?
The answer is simple. While many of its peers have suffered major setbacks in recent months, T-Mobile U.S. has thrived. It has rekindled growth, stabilized its finances, and shown shareholders that it can be a consistent dividend payer.
T-Mobile is the low-cost alternative to the other major wireless carriers. It offers value-oriented plans with no annual contracts, no subscriber fees, and no credit check. You get all the same perks as the other carriers with T-Mobile, like unlimited data, texting, calling, and even a high-speed mobile hotspot for up to five devices. What makes T-Mobile stand out from the competition is its Jump plan. For $20 per month, you get unlimited talk, text, and data with 1 G.B. of high-speed data.
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