As you well know, it only takes a handful of stocks to make — or break — your portfolio.
The economic turmoil of the past decade has drained investors’ portfolios, leaving many to stay in the work force well into their “Golden Years,” and has left those already in retirement wondering if there will be enough money at the end of the day.
That’s why I’ve put together this collection of my top eight stocks you should own now and hold for the long term.
Buy now for earnings growth and profits in the year ahead and hang onto them because they represent some of the best long-term stocks in the market today.
Best Penny Stocks To Invest In 2019: Visa Inc.(V)
Let’s do a double for this one: Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA). Both companies are huge beneficiaries of the same trend, as global consumers continue moving to credit and debit from cash and check. Further, growing e-commerce sales bode well for V and MA too, for obvious reasons.
The credit card business is attractive for many reasons, as V and MA serve as simple “toll booth” businesses. They don’t lend consumers money and they don’t take on big risks. Instead, when a consumer purchases goods or services from a merchant and pays via credit card, the merchant pays a fee that goes to V and MA.
While the pair of stocks may look expensive on a sales basis at first glance, the earnings-based valuation isn’t all that bad. Especially considering their double-digit earnings and revenue growth.
Throw in the fact that Visa has profit margins of almost 40% while MA has margins of 32% and we can see that these two are earning money hand over fist.
Both stocks tend to trade with a high correlation. They’ve been in a steady uptrend since early 2017 and I hate that I’ve taken some off the table since I first initiated a position almost six years ago.
As V and MA both bump up against resistance, they look like they’ll soon push through to new highs, short of another market-wide selloff.
Best Penny Stocks To Invest In 2019: Tableau Software, Inc.(DATA)
Tableau shares surged to touch a new 52-week high of $97.09 during early trading hours after the company reported its latest quarterly financial results on Wednesday afternoon. Shares of the software company had already started moving higher ahead of the report, gaining about 5.5% in the prior month.
Investors pushed DATA higher after the firm posted quarterly revenue of $224 million, topping our consensus estimate of $217.46 million and improving 12% year over year. Tableau also added 3,900 new customers in the quarter, and its board approved a $300 million share repurchase program.
DATA is currently sporting a Zacks Rank #3 (Hold).
Best Penny Stocks To Invest In 2019: mCig, Inc.(MCIG)
Las Vegas-based mCig Inc (OTCMKTS:MCIG) is a marijuana industry holding company. Once limited to vaporizers, it has transformed itself into a full-scale marijuana cultivation construction company. While they had operated only in Nevada, the company landed contracts in California and New York earlier this year.
Seeing business come in from across the country shows encouraging signs and could make MCIG one of the top marijuana penny stocks. However, financials also remain sparse. The company saw $1.72 million in revenues in 2016. This grew to $4.78 million in fiscal 2017, and the company made $1.53 million in that fiscal year. The company has brought in over $6 million in the first three quarters of 2018.
Still, investors should still treat this as a speculative play. The stock enjoys rapidly rising revenues and profits. However, MCIG stock still trades under 25 cents per share, indicating lingering investor doubts. It has never traded above $1, though it briefly reached 92 cents per share in 2014. Still, it will need to see more growth before becoming one of the hot penny stocks.
The current price stands well above the 5-cents-per-share level where the stock traded for most of 2016. If the company can continue gaining traction, its current $91 million market cap could rise much higher.