History shows that beginner investors with limited knowledge of the stock market often give in to speculation, rumors and bad advice, ending up in a vicious cycle of losses. One should practice extreme caution and do a lot of research before investing because data shows that investors with limited budget often lose a lot of money.
To help beginner investors, here is a summary of Insider Monkey’s Top 10 Stocks to Invest in For Beginner Investors.
Tattooed Chef, Inc. is one of the best stocks to buy to profit from the rising trends of healthy eating and plant-based food. For 2021, the company expects a 49% increase in its revenue, and it had a 360% sales growth. Suncor Energy Inc. operates in the lucrative oil sands market, with primary operations in the Athabasca oil sands in Canada. Even with a volatile market this is a strong company to own with oil prices at a historic low.
Magnite, Inc. is operating in an extremely lucrative and growth-oriented market of online ads. Magnite will benefit from the rising demand of programmatic ads as people’s hunger for over-the-top (OTT) content streamed on Connected TVs continue to rise. fuboTV Inc. is primarily a sports streaming service, along with news and other entertainment channels. FUBO expects to primarily earn profits on advertising and online sports wagering.
FireEye, Inc. is a cybersecurity company which stocks are being bought by governments and business because of the reliance in online payments. The company expects to cross $1 billion in sales. Upwork Inc. remains a market leader in a growing industry of freelancing. They posted an upbeat fourth quarter after which several analysts boosted their price targets for UPWK stock.
Capri Holdings Limited is a luxury fashion brands giant who is set to gain from its timely ecommerce penetration and the upcoming economic recovery in the world as people are desperate to go back to the luxury shopping experience. DraftKings Inc. remains the market leader in the sports betting industry which is set to thrive as states legalize online sports betting platforms.
Vertex Pharmaceuticals Incorporated company makes treatment for various diseases and has recently received positive recommendation from health committees on their medicine. Square, Inc.‘s stock still has a huge room to run amid the company’s foray into new products and lucrative markets. They are set to benefit from the ecommerce boom across the world because the company now offers a complete ecosystem of services for ecommerce players.
Read more of Insider Monkey’s Top 10 Stocks to Invest in For Beginner Investors here.