Investing is a key step in the wealth-building process. However, buying stocks does involve financial risk and could potentially cause you to lose money. That’s why it’s important to do your research and choose your investments wisely. If you’re searching for potentially promising stocks, here are six that may be worth considering.
1. Meta
Meta has made some missteps in the past, such as going all in on the metaverse. However, the company appears to have bounced back. According to Motley Fool, Meta’s digital advertising sales make up 18% of the global market. This strong sales performance has given the company enough cash flow to invest heavily in artificial intelligence. Their focus on innovation appears to be paying off, as TechRadar rated Meta AI as the best chatbot. If Meta continues on this trajectory, this may be one of the stocks you’ll wish you’d owned this time next year.
2. Netflix
According to Investors.com, Netflix stock is a solid buy. The company’s revenue has increased for four straight quarters. This strong earnings performance may be due to the crackdown on password sharing. Plus, the company added a new ad-supported plan that’s cheaper, which may help bring in additional revenue.
To maintain its dominance in the streaming world, Netflix is moving into the live events space and will begin streaming some WWE matches and football games. The streaming giant also has a variety of original hit shows that keep subscribers coming back, including Bridgerton and Stranger Things. Although Netflix had a stumble in 2022, the company appears to be back on the right trajectory, potentially making it one of the stocks you’ll wish you’d owned this time next year.
3. PayPal
Although PayPal’s stock has fallen from pandemic-era highs, it still appears to be one of the stocks you’ll wish you’d owned according to Yahoo Finance. The company’s CEO is committed to innovation and revenue growth. PayPal has leveraged AI to improve customer experience and launched novel payment solutions like Fastlane, which issues a one-time passcode to facilitate a faster checkout process. PayPal is also launching a new advertising business to drive growth. These strategies appear to be paying off, as revenue increased 8% in Q2.
4. Salesforce
Salesforce is a leading provider of customer relationship management software. The company has been growing in recent years through smart acquisitions. In 2020, Salesforce bought Slack to increase their influence and revenue, which appears to be working. In the second quarter, Salesforce’s revenue and net income grew by 8% and 12% respectively. Experts believe that the company is poised to continue on this positive trajectory through 2027, potentially making it one of the stocks you’ll wish you’d owned this time next year.
5. Nvidia
In the past year, Nvidia’s stock price has risen 178% thanks to the demand for their processing chips. Originally designed for graphics processing, the majority of Nvidia chips are now being used to train AI models because of their high quality. Some are concerned that competitors may emerge, potentially slowing Nvidia’s growth. However, the company’s commitment to innovation will likely help them maintain their position as the market leader of the chip industry, making Nvidia stock a seemingly solid investment.
6. Delta
If you aren’t sold on tech stocks, take a look at Delta instead. The airline’s operating revenue increased nearly 7% year-over-year. They also reported record performance in the second quarter, earning $2 billion pre-tax. Experts say Delta is well-positioned to succeed in the next few years due to their free cash flow potential. Delta’s spending is much lower than other airlines, giving the company a clear advantage.
It May Be a Good Time to Invest in Tech
As you’ve surely noticed, the stocks you’ll probably wish you’d owned this time next year are mainly in the tech industry. The tech sector is full of possibilities thanks to artificial intelligence. Now is your chance to capitalize on this innovation by investing in companies like Nvidia and Meta. Although experts don’t have a crystal ball and can’t predict the future, these businesses seem like a pretty good bet heading into 2025.