The first half of 2017 has been a very good one for the stock market. Standard & Poor’s 500 index estimates a 9.1 percent gain over the first six months and the market as a whole is on pace for an annual gain of 19 percent.
So far things are looking good. As an entrepreneur, you’re looking for any extra ways to make money passively.
But let’s makes sure you don’t make any critical mistakes that might burn you in the latter half of the year. Make sure your summer portfolio is strong enough to carry you through the upcoming winter.
Best Stocks To Buy This Summer
Headquartered in Mountain View, California, Symantec focuses on the provision of security, storage, and system management solutions. The company specializes in consumer digital safety and enterprise security.
The consumer-focused segment of the business is centralized on providing digital safety solutions to protect consumer’s devices, networks, and digital information.
The Enterprise Security segment protects organizations so they can securely conduct their business.
Cyber security is becoming increasingly important in this digital age and one of the best stocks to buy.
Symantec has had a few rough years of late. Their flagship personal security software system, Norton Antivirus, has been outdated for some time.
However, they’ve made a staggering comeback with Blue Coat.
Blue Coat offers advanced network and cloud protection for enterprise-level companies. It has been used by over 70 percent of Fortune Global 500 Companies.
In order to address their losses in the individual consumer market, Symantec acquired LifeLock. LifeLock will be cross sold to their Norton Antivirus customer base of 50 million.
The company boasts a customer retention rate of 85 percent of people who are willing to pay a $12 monthly fee.
One in four Americans have already been the victim of identity theft and in 2015 alone 164 million record have been exposed due to data breaches.
Cybersecurity is clearly a market that’s only going to keep growing in importance. And Symantec is doing a lot to maintain its position as one of the industries top players.
You might not blow anyone away with your prophetic ability at unearthing hidden gems by investing heavy into Amazon. But you’ll be making money regardless–if you can afford it that is.
Stocks we’ve talked about so far have buys-in at the $30 to $50 range. Amazon is sitting right now at nearly $1000, an all time high.
However, even though it may seem like you’re buying high, Amazon has proven to be a safe bet no matter what time you invest.
The stock can be victim to market fluctuations around quarterly earning report times. But over the long term, this stock continues to trend upwards.
Amazon is the master of inflating its own value. It knows that investors love when companies expand into new markets.
And Amazon has proven it is unafraid to invest in anything that feels innovative.
Beginning as an online retail store, Amazon now sits a top a video streaming empire. They also offer services ranging from e-books with their Kindle products to cloud-hosting options.
With their recent acquisition of Whole Foods and development of physical stores where you can pick up deliveries, the e-commerce giant is venturing into the brick-and-mortar business world.
Amazon also knows how to keep expenses down. They are on the forefront of utilizing specialized robots to perform menial and complicated tasks in their warehouses.
When you’re looking at stock as expensive as Amazon, you’re making more than a bet on a company’s short-term value. You’re investing in that company as an institution in the marketplace.
Some believe that once acquired, you should never sell your Amazon stock.
If you have the capital, invest in Amazon. It’s one of the best stocks to buy you’ll find out there.
Just when you thought Amazon had shoved all retail competitors out of profitability, Best Buy posted record first quarter profits this year–making it one of the best stocks to buy on the market right now.
While other retailers like Sears, Target, and Macy’s have not coped well with the massive shift to online shopping, Best Buy’s online sales rose by 23 percent.
Best Buy attributed a good deal of this success to the steady growth in gaming. With the recent release of Nintendo’s new console, the Switch, earlier this year, Best Buy was many gamers go-to retailer to purchase the increasingly difficult to find the new console.
Another factor was the third round of cuts to the retail giant, estimated to be around $600 million. Best Buy has taken a page out of Amazon’s playbook and is investing in ways to automate parts of its supply chain to increase overall efficiency.
This has helped keep Best Buy prices competitive while their competitors have slowly begun to thin out.
Best Buy is also investing in a 24/7 tech help service in certain markets in Canada and the United States. In addition, a nationwide rollout of an in-home advisor program will begin later this year.
This free program would send consultants to potential consumers’ homes in order to advise them on how to best equip their houses with products they can purchase from Best Buy.
This service, if effective, would help push Best Buy products directly to the consumer in a way that a competitor like Amazon could not.
As other brick and mortar retailers are fading into the background, Best Buy seems to be taking advantage.
Aerospace and defense companies have become a leading industry in the current political environment. Defense spending is up and companies steeped in the industry are some of the best stocks to buy.
Headquartered in Providence, Rhode Island, Textron is a multi-industry company. They boast a global network of aircraft, defense, and industrial businesses.
The aviation component of the company manufactures, sells, and services Beechcraft planes for commercial and military services. The company also manufactures unmanned aircraft systems, weapons and sensors, land and marine systems, and a variety of defense and aviation mission support products.
Under the current American regime, which is ramping up its aggressiveness in the field of unmanned warfare in foreign countries, drones are becoming a booming industry. The Trump administration has been lauded as an ally to the manufacturers of drones.
The stock has undergone steady growth since it first became a publically traded stock in 2011, however, the stock has made a sharp increase since President Trump’s election. With at least three and a half years left in this administration, it seems like this stock will go nowhere but up.
Having recently celebrated its 150th year in business, the Cleveland-based company isn’t one you’d think of when scrolling through companies to invest heavily in.
However, the company has remained remarkably consistent over the course of its long existence and has long been one of the best stocks to buy for investors who value stability.
The paint industry has proven to be one of the most resilient out there, which is a big reason why Sherwin-Williams has kept its place as one of the best stocks to buy.
Recently, the acquisition Valspar, one of its biggest competitors, has people’s heads turning. The acquisition cost will likely hurt this year’s earnings report but the long-term benefit of eating up the market will outweigh the cost in the long term.
Expansions like this are what mark Sherwin-Williams as the clear industry leader. Even better, a poor earnings report might lower the cost of the stock and truly create a buyers market.
Further, Sherwin-Williams is once again on pace to post year-over-year growth throughout various aspects of the company.
In Q2 2016, the Consumer Group reported $474.5 million in sales and is expected to post revenues of $547.4 million for Q2 this year.
This would end up being a 15.36 percent year-over-year growth in unit sales.
Sherwin-Williams also posted net sales of $499.2 million in its Global Group during Q2 of last year and projected to make 22.78% more than that in Q2 of this year.
The Paint Stores Group, which posted $2.1 billion in sales in Q2 of 2016, is projected to up that number by 9.52 percent in net sales this year.
These are impressive growths and shows that Sherwin-Williams has remained as one of the best stocks to buy this summer.
Now You’re Set For Summer
With these stocks, your summer portfolio should be perfectly prepped to weather whatever the latter half of 2017 brings.
Remember, trading stocks is all about patience. These stocks are in good positions to buy now, but things change constantly on Wall Street.
Make sure you’re prepared to ride out the volatility, no matter where it goes. But as long as you stay informed and are prepared to act decisively when the moment presents itself, you’ll be in great shape by the end of this year.
For more tips on how to grow your personal business portfolio, don’t be afraid to search around the blog for more strategies!