In the second quarter of 2021, the US economy increased by 6.5 percent, exceeding its pre-pandemic level. Due to improving immunization rates, a low unemployment rate, and increased consumer confidence, investors are gaining confidence to exit the bear market as the economy reopens. The Nasdaq outperformed the other two major indices in the last five days, with the Big Tech FAANGs each rising more than 0.6 percent. The roadshow for Healthcare Royalty, Inc.’s first public offering has begun. Amazon.com, Inc. and Alphabet Inc. both increased their stock prices by 5.15 percent and 81 percent, respectively. Despite the company’s disappointing second-quarter earnings, Stifel analyst Scott Devitt remains bullish on the stock. The recent pullbacks in banking stocks have been viewed as an opportunity by analysts.
Insider Monkey looks at the 10 most popular stocks to buy now. In 1903, the Ford Motor Company was established. The company, founded in Michigan, sells a variety of cars, including trucks, utility vehicles, and luxury vehicles. Ford Motor Company’s stock has risen by 20% in the last three months. JPMorgan boosted its price objective to $18 per share from $16 in June. eBay Inc. is now ranked 9th among the top ten most popular stocks to purchase. The worldwide e-commerce corporation with headquarters in California has over 185 million active buyers. eBay Inc.’s stock has risen 22% in the last three months. Airbnb Inc. is ranked eighth among the top ten companies to purchase right now. The internet accommodation marketplace, founded in California, has approximately 150 million active consumers. Airbnb was upgraded to a buy rating by BTIG analyst Jake Fuller in July. Costco Wholesale Company is ranked seventh. The company has a market capitalization of $189.97 billion and pays a 0.74 percent dividend yield. Analysts at Stifel Nicolaus boosted Costco’s price objective to $440 per share from $420. Nike, Inc. is ranked sixth among the top ten stocks to purchase right now. The company has a market cap of $264.97 billion and a 0.66 percent dividend yield. Nike’s revenue in the fourth quarter of fiscal year 2021 was $12.3 billion. For more details, click 10 Most Popular Stocks to Buy Right Now.
