The major indices have been trading significantly higher due to a broad-based rally on Wall Street. Yet another positive vaccine-related announcement fueled the global push to new recovery highs, this time from Russia, and domestic stocks joined the party, with the Dow leading the way higher and topping the historic 30,000 level for the first time ever. President Trump reportedly has ordered its team to begin the transition process with Joe Biden’s campaign, with a two-week delay, which gave an additional boost to U.S. assets.
While equities are nearing their all-time highs, the U.S. COVID trends remain worrisome, with the number of hospitalizations hitting record highs, and the number of deaths also getting close to the uninviting spring figures.
Stock Pick Summary:
With our portfolio returns exceeding all expectations, we can still afford to invest aggressively and take risks. Today, we add a monitoring and analytics platform provider in the Cloud. We expect its earnings to continue to grow 40% annually. It is playing a key role in providing essential cloud infrastructure services for mid-size companies which are experiencing expansion due to the pandemic's emphasis on telework. While the stock has been pushed lower after a prolific run, we expect the service need will increase as more companies move all/part of their infra to cloud even beyond the pandemic.
We don't recommend over investing in any stock. Consider starting with a small amount, say 2-3% of your portfolio's overall value, and add a little at a time.
You could invest as low as $200-$500 on a pick, and even buy just 1 or 2 shares, if you are new to investing, low on cash or just prefer going slow.
For best results, have an intention to hold your position for at least 2 - 3 years in general. However, you can always lock profits sooner if you prefer as every investor has a unique portfolio and different goals.
Consider investing in our multiple stock picks (the more the better).
The most successful members look to mirror our portfolio as much as possible.
Besides the new stock pick, you may also consider diversifying amongst some of the earlier picks from our market crushing portfolio.
Be patient and don't allow daily market swings to unnerve you. Remember, we have a pristine track record over last 10 years, so Buzz with confidence and patience.
If you liked this pick and/or plan to open a position in it, please press the Like (Heart) Button below the post.