COVID-19 infections have increased over the past few months, hospitals are starting to run over capacity once again in some states and unemployment numbers are looking worse than ever.
While the overall stock market appears overstretched to most traders and investors, I have found three stocks ready to heat up for the cold winter months.
Some may call these stocks “greedy” in comparison to what we’re seeing from the U.S. economy.
While I’m expecting a minor correction (which usually occurs before the market takes off again), these three stocks ready to heat up show no signs of slowing down anytime soon.
As a matter of fact, some of these tickers may indirectly benefit from the current COVID-19 economy, much like biotech’s rally during the beginning of the year while most blue-chip stocks sold off.
But before I hop into today’s stock recommendations, one thing you need to remember is that some sectors rise when the major indexes weaken. In other words, some sectors and stocks are cyclical. That means they rise during specific times of the year regardless of what the rest of the market is doing.
The first stock on my list is Tetra Tech Inc. (Nasdaq: TTEK).
The company is a leading provider of consulting, engineering, program and construction management and technical services. But what has me most excited about this ticker is that it supports government and commercial clients by providing innovative solutions based on water, resource management and environmental infrastructure.
Did you hear that? I have been suggesting to all who would listen that environmental infrastructure looked ready to explode.
Tetra Tech’s EPS (earnings per share) for 2020 is $3.16 — an 11% increase year over year.
And it just set a personal record in this other metric I follow…
But my short list of stocks ready to heat up only gets better and better. The second stock is actually one of my favorite ETFs of all time. And it’s up 25% since it began trading in June with top holdings like Twilio Inc (NYSE: TWLO), Zoom Video Communications Inc (Nasdaq: ZM), Vonage Holdings Corp. (Nasdaq: VG) and Slack Technologies Inc (NYSE: WORK).
Check out this video to get all three tickers. And before you go, leave a comment in the section below. What are your thoughts on these three stocks ready to heat up?
2 Comments
Look forward to reading your notes daily.
Thank you for the up to date insights that actually mean something.
There was no video attached for this update. :-(.