Picking the wrong stocks can decimate your portfolio.
They’re pure portfolio poison.
But the right stocks…
If you pick the right stocks, you could find yourself jumping for joy on top of an enormous pile of cash.
With over 4000 tickers to choose from, picking the right stocks can prove to be nearly impossible…
Unless you’re spending hours each day combing the markets.
That’s why we’ve done it for you.
We sort through thousands of stock ideas and narrow them down to a few that are primed for solid price action in the near future.
This week, we’ve narrowed it down to three stocks that could skyrocket in the coming weeks.
Click here for the full story on the stocks we’re watching this week…
Snapchat Inc. (SNAP)
Facing a slowdown in the ad market, social networks are looking to make more money from subscriptions and licensing. But getting users to pay for social media services they’ve grown accustomed to getting for free is not easy. Snapchat proves it can defy the odds by working with the right offering at the right price.
Released in June 2022 as a way to offer its most loyal users access to experimental and exclusive features, Snapchat+ has been gaining popularity. One year later, the platform has more than 4 million paid subscribers at $3.99/ month. There’s still plenty of upside potential, considering that figure represents just 1% penetration of the platform’s daily active user base.
Snapchat stock is having a phenomenal year so far, with a 47% gain. Nevertheless, the share price remains 84% below its ATH. The company plans to roll out new features to Snapchat+ subscribers in the coming weeks and is scheduled to report quarterly earnings this Tuesday, July 25th.
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PayPal Holdings Inc. (PYPL)
Unlike many fintech companies, digital payments giant Paypal is incredibly profitable. Yet its stock is down more than 80% from its July 2021 ATH, and it trades at a reasonable 29 times price to earnings, well below its historical average P/E of 50.
With e-commerce activity on the decline since the thick of the pandemic, PayPal is seeing slower growth. Unrelenting high levels of inflation have put a dent in discretionary spending, which has hurt PayPal. Still, thanks to its firm financial footing, the company has plenty of room to handle a possible prolonged economic downturn.
Despite estimates calling for roughly 20% earnings growth this year, PayPal stock trades below 16 times free cash flow and about 14 times operating cash flow, indicating that investors may be underestimating its recovery potential. Among 48 polled analysts, 33 say to Buy PYPL, and 15 call it a Hold. There are no Sell ratings for the stock. A median 12-month price target of $86 represents an 18% increase from today’s price. The company is scheduled to report Q2 earnings on August 2nd.
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Albany (AIN)
While the textile market can be fiercely competitive and subject to rapid changes, industry bellwether Albany International has proved its ability to adapt and thrive. Thanks to its substantial presence in the textiles and aerospace materials space, AIN effectively defies market volatility with its diversified revenue stream and robust balance sheet.
In its most recent quarterly earnings release, the textile maker reported earnings per share (EPS) of $0.91, surpassing analysts’ consensus estimates of $0.85 by an impressive $0.06 margin. Quarterly revenue stood at $269.10 million, outperforming the consensus estimate of $255.14 million – indicating a substantial increase of 10.2% compared to the same quarter last year. Albany International has shown consistent growth with a return on equity (ROE) of 14.14% and a net margin of 8.96%.
Looking ahead, analysts predict that Albany International will post an EPS of 3.57 for the current fiscal year – further solidifying its position as a leader in the textile industry.
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