London, UK, Binary News Network, The last few weeks of 2020 have been rough for growth stocks, with some names down double-digit percentages again. The digital economy is booming while economic lockdowns keep investors on edge, and it seems that this change in sentiment has caused many companies’ shares to suffer all year long as they struggle under the pressure from both sides -VS–the current market climate where there are high expectations due largely thanks entirely too soon after an amazing 2019 during which times everything seemed possible.
Capital Maximus Broker Says as of this writing, Nvidia (NASDAQ: NVDA) and Fortinet (FTNT) are all up a respective 125%, 132% or 258%. That makes them my best stocks for the year so far. Their strong performances have helped prop up my portfolio overall since we started investing in 2021!
If you’re looking to start off this New Year in style and make your money work for more than just a paycheck, I’ve got three stocks that will help us thrive. These are companies who have been riding the momentum from last year into an even brighter future – Fortinet (FTN)and Nvidia Corporation (NVDA). But don’t take my word on it let’s dive in deep-dive analysis so we can see why they fit right at home with our long-term strategies!
A lot may change over twelve months–including market sentiment or economic forecasts which can easily shift overnight–but there’s one thin that remains constant: human expectations.
Everyone likes to have high hopes every year, only to face crushing disappointment when their goals are derailed by something that they thought would be solving all of their problems. And with the 2020’s just beginning, it may seem like everyone’s burdened under the weight of those lofty ambitions.
So, what does it take for a company to stand out? Most think big or go home, but there are some who choose to prove doubters wrong and do things differently than expected…
I’ll take a moment to talk about each of these companies and how they’ve helped my portfolio.
NVIDIA Corporation (NASDAQ: NVDA) It’s been a banner year for Nvidia, with the company posting record revenue and earnings in its first nine months. The growth is due largely to strong demand from gamers who want better graphics performance than what they can get from traditional CPUs or GPUs — not just video game chips like many people think of when thinking “Nvidia.”
As if things couldn’t get any better on this front (you know there has always been more going behind those eyes), Neuro incremental profit margins are up another %age point over last fiscal period – which means you could buy an extra pair of shoes without feeling guilty about cost or go out to dinner with the family without breaking your piggy bank!
Nvidia’s innovative work in artificial intelligence (AI) will help to keep them at the forefront of innovation. The company has been steadily piling billions into research and development annually, spending more than other tech giants as a percentage for this coming wave which promises exciting results within many industries including robotics applications such as self-driving cars or healthcare services like those that can diagnose tumors from afar with just one picture
Buckle up because it gets better – so far, they seem very pleased by what they’ve seen!
Another of Nvidia’s major selling points is its chips’ power efficiency. When you combine that with GDPs having increased 2.2% YoY, it’s not hard to see why 2019 has been such a strong year for the company overall!
Fortinet Incorporated (FTNT) In two years, cybersecurity has undergone rapid change. Cloud computing is booming, and workforces have gone remote while criminals are getting smarter to take advantage in a world of flux; as result many high-flying companies like CrowdStrike Holdings (NASDAQ: CRWD) or Zscaler exist who offer security software solutions for these modern-day threats – all within their cloud native space!
Fortinet has been one of the best performing stocks in cybersecurity. The company, which went public with a valuation below $1 million back in 2009 and is now worth close to half-a-billion dollars on its first day of trading alone for an incredible 4K return (at last check), currently only provides hardware solutions that are installed at data centers but it does offer cloud security as well through organic development–though this comes nowhere near matching what’s provided by competitors like Symantec or Kaspersky Lab who have much deeper pockets when you look solely from licensing revenue streams instead.
Fortinet’s revenue has been on a rapid growth trajectory over the past few years, with no signs of slowing. Through nine months this year so far (through August), they’ve seen 29% more money come into their bank account and an increase in cash flow by 43%. That makes for some pretty incredible numbers: Almost 42% free cash margin! Given Fortinet’s well-entrenched position as one our global security ecosystem’s most important players right now – AND ample funds available to continue developing new capabilities–I have confidence that double digit percentage annual earnings growth cannot be too far off anymore…
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Truth Classified journalist was involved in the writing and production of this article.