3 Long Term Stocks To Invest In July
In the second quarter of this year, the stock market has made a great comeback, delivering some of the best performances since 1987. The market was bogged down by the corona pandemic that literally knocked the socks off everyone. However, now that it is over, or perhaps we can predict it to be over and soon recovery, here are 3 long term stocks to invest in July (or the period of July-August).
Known as one of the best graphics technology for gaming purposes, Nvidia (NVDA) has well-rounded data centers and robotics. It is also a part of the autonomous vehicles which make it one of the best stocks to invest in July.
While Nvidia stock has met lows, it can be said that it is prepared for further gains. Analysts (Susquehanna and Evercore) have upgraded their price target for Nvidia (NVDA) to $450 during recent times, which is quite a price for a stock market’s movement and growth.
Let’s just say that autonomous vehicles are a long term profit driver. Nvidia announced a recent partnership with Mercedes with both software and hardware for those cars that are software-centric.
Mercedes is a name we cannot easily forget, nor one that is going anywhere in the coming run. Therefore, Nvidia has a lot of growth potential.
Nvidia and Tesla are in the same both in more than one way. However, what we can say is that Nvidia is cheaper and therefore, more accessible, cost effective and easily upgradable.
Nvidia too is one of the top 3 long term stocks to invest in.
Most consumers don’t want to use money now. They want to use something more accessible and convenient and PayPal is something that fits that description.
Square, along with PayPal (NASDAQ: PYPL), are two companies to watch this July for they are in high demand. Paypal Holdings Inc. (NASDAQ: PYPL) is priced at $176.96.
Salesforce (NYSE:CRM) is an interesting opportunity in SaaS space. Its share price is valued at $189.95 at the stock exchange, making it a high-end stock.
Salesforce made certain acquisitions which adds to profile such as Tableau in 2019 and then MuleSoft in 2018.
The company also closed a deal with AT&T which might be the most significant transaction of the company. Salesforce, therefore, is also one of the 3 long term stocks to invest in.
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