The Most Promising Stocks for May according to Walletinvestor.com

Dora_WalletInvestor

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April was an eventful month. We had several earnings reports released, saw new all-time highs, and finally, we heard President Joe Biden’s tax proposals of increasing up to 43.6%. These were the main factors that have affected the prices the month, but some of them were just probably overreacted by the market. For example, the government is likely to increase taxes, but not by that much. It was simply a proposal and it will be in the background for the upcoming months.
All in all, April was an overall green month, which means that stocks have recovered successfully from the correction they suffered back in March. For May, analysts do expect to see the markets continuing in the upward mode. Let’s see which stocks could perform well and could be worth buying this month.

For more details, visit the Walletinvestor.com Magazine
 

Dora_WalletInvestor

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1. Unity Software Inc. [ U ]

Sector: Technology
Industry: Software – Application


Current price: $103.76 | 1 year: +17.22% | 5 years: +92.77%

Unity Software Inc. provides software solutions. The Company offers graphic tools to create, run, and monetize real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. Unity Software serves customers worldwide. It was founded in 2004 and is headquartered in San Francisco, California.

Unity Software has a market cap of $28.9 billion with an enterprise value of $27.45 billion. Their price to sales ratio is 37.42. It is trading at $103.76 with a 52-week high of $174.94 and a 52-week low of $65.11. The stock has an average 10-day volume of $2.35 with outstanding shares of $273.45 million. The company is not yet profitable, but they are on the right track. They had a revenue of $772.44 million, which means a revenue per share of $4.55. Their quarterly revenue growth is 39.40%. They are sitting total cash of $1.75 billion and their current ratio is 4.14. Unity has a strong business model and has the potential to grow because of it.
 

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2. AbbVie Inc. [ABBV]

Sector: Healthcare
Industry: Drug Manufacturers – General


Current price: $111.69 | 1 year: +15.81% | 5 years: +83.55%

AbbVie Inc. researches and develops pharmaceutical products. The Company produces pharmaceutical drugs for specialty therapeutic areas such as immunology, chronic kidney disease, hepatitis C, women’s health, oncology, and neuroscience. AbbVie also offers treatments for diseases including multiple sclerosis, parkinson’s, and alzheimer’s disease.

Abbvie has a market cap of $196.97 with an enterprise value of $275.33 billion. Their price to sales ratio is 4.30 and their price to book ratio is 15.07. It is trading at $111.69 with a 52-week high of $113.41 and a 52-week low of $79.11. Their profit margin is 10.08% and their operating margin is 34.27%. About management effectiveness, their return on assets is 8.19% and their return on equity is 187.70%. The stock has an average 10-day volume of $5.16 million with outstanding shares of $1.76 billion. They had revenue of $45.8 billion which equals a revenue per share of $27.48. They are sitting on total cash of $8.49 billion and they have an operating cash flow of $17.59. The statistics are looking very well for the company, which means Abbvie could be a good long-term option for investors.
 

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3. Uber Technologies, Inc. [UBER]

Sector: Technology
Industry: Software – Application


Current price: $57.16 | 1 year: +65.26% | 5 years: +322.61%

Uber Technologies, Inc. provides ride hailing services. The Company develops applications for road transportation, navigation, ride sharing, and payment processing solutions. Uber Technologies serves customers worldwide.

Uber has a market cap of $106.74 billion with an enterprise value of $111.25 billion. Their price to sales ratio is 9.58 and their price to book ratio is 8.0. It is trading at $57.16 with a 52-week high of $64.05 and a 52-week low of $26.58. The stock has an average 10-day volume of 13.6 million with outstanding shares of $1.87 billion. About their income statement, Uber had revenue of $11.14 billion and had a gross profit of $4.36 billion. According to their balance sheet, the company is sitting on total cash of $6.83 billion. Their current ratio is 1.44 and their book value per share is $7.14. Uber was hit really hard at the start of the pandemic just like other ride-share companies. The price remained in the lows to mid-30s for a long time until November, when it finally shot up. Since then it is growing steadily and has the potential to reach the forecasted prices.
 

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4. Palantir Technologies, Inc. [PLTR]

Sector: Technology
Industry: Software – Infrastructure

Current price: $23.88 | 1 year: +149.91% | 5 years: +590.68%

Palantir Technologies Inc. develops software to analyze information. The Company offers solutions support many kinds of data including structured, unstructured, relational, temporal, and geospatial. Palantir Technologies serves customers worldwide.

Palantir has a market cap of $43.52 billion with an enterprise value of $41.96 billion. Their price to sales ratio 39.83. It is trading at $23.88 with a 52-week high of $45 and a $52-week low of $8.90. The stock has an average 10-day volume of 42.08 million with outstanding shares of $1.75 billion. Their income statement shows that they had revenue of $1.09 billion and their quarterly revenue growth is 40.40%. According to their balance sheet, they are sitting on total cash of $2.01 billion and their current ratio is 3.74. The cash flow statement says that their levered free cash flow was $265.40 million. Palantir stock could be volatile, but the big picture shows an overall upward trend. Thanks to their business model, Palantir could be a good option for investors.
 

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5. Quidel Corp. [QDEL]

Sector: Healthcare
Industry: Diagnostics & Research


Current price: $115.02 | 1 year: +50% | 5 years: +235.96%

Quidel Corporation discovers, develops, manufactures, and markets diagnostic healthcare products and solutions. The Company offers diagnostic solutions which help in the detection and diagnosis of critical diseases and other medical conditions, including infectious, women health, gastrointestinal, autoimmune, and bone health and thyroid diseases.

Quidel is a strong candidate on the list. It has a market cap of $4.89 billion with an enterprise value of $4.49 billion. Their price to sales ratio is 2.94 and their price to book ratio is 3.65. It is trading at $115.02 with a 52-week high of $306.72 and a 52-week low of $105.93. Their profit margin is 48.76% and their operating margin is 64.12%. Their management effectiveness shows crazy numbers as well: their return on assets is 47.87%, and their return on equity is 85.63%. They had revenue of $1.66 billion and their gross profit was $1.35 billion. Their quarterly revenue growth is 431.70%. About the cash flow statement, their operating cash flow was $629.76 and they are currently sitting on total cash of $489.94 million. Quidel is extremely strong and it probably will continue to perform like this throughout the upcoming months
 

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+1 Sea Limited [SE]

Sector: Communication Services
Industry: Electronic Gaming & Multimedia

Current price: $267.14 | 1 year: +30% | 5 years: +142.88%

Sea Limited offers information technology services. The Company provides online personal computer and mobile digital content, e-commerce, and payment platforms. Sea serves customers worldwide. Sea Limited was incorporated in 2009 and is headquartered in Singapore.

Sea Limited is very popular nowadays thanks to its business model. It has a market cap of $138.8 billion with an enterprise value of $132.59 billion. Their price to sales ratio is 31.72 and their price to book ratio is 40.43. It is trading at $267.14 with a 52-week high of $285 a 52-week low of $53.35. The statistics of the shares show that the average 10-day volume for the stock is 3.25 million with 519.59 million shares outstanding. The company had revenue of $4.38 billion and their quarterly revenue growth is 101.60%. According to their balance sheet, they are sitting on total cash of $6.29 billion. The company’s operating cash flow was $555.87 million and their levered free cash flow was $129.45 million. Founder and CEO Forrest Li and his team have created multiple business segments that integrate with one another. This model works very well and this is why investors are jumping onto the stock.