5 Top Stocks for June
The vaccine rollout in the United States continues, and life appears to be getting back to normal across the country. We asked five of our top contributors what stocks they were watching as we head toward the start of summer. Here's why they have Tencent Holdings (OTC: TCEHY), Gores Holdings VI (NASDAQ: GHVI), Green Brick Partners (NASDAQ: GRBK), Semler Scientific (OTC: SMLR), and Ryman Hospitality Properties (NYSE: RHP) at the top of their watch lists.
Adam Levy (Tencent): Tencent's first-quarter earnings report may have disappointed Wall Street, but long-term investors got some great news: Management decided to increase its investments in several areas.
In its business services segment, it's investing in headcount and infrastructure to help expand its value-added enterprise solutions in the healthcare, retail, education, and transportation verticals. With the rapid growth in cloud computing and Tencent's business services segment in general, it should be able to quickly grow into the investment. What's more, focusing on more value-added services and upselling should lead to better profit margin in the segment as it grows.
Source Fool.com
