Why Amazon, PayPal, and Apple Are No-Brainer Buys Right Now
The stock market is on a growth path, with the Nasdaq Composite index up 24% since Jan. 1. The market is benefiting from gradually easing inflation after countless stocks experienced steep declines amid an economic downturn last year. As many companies begin to recover, now is an excellent time to diversify your portfolio by investing in businesses most likely to profit from the improving cost of living.
Industries such as e-commerce, cloud computing, and consumer tech have massive potential as inflation eases, and both shoppers and businesses can spend more freely. So, with that in mind, here's why Amazon (NASDAQ: AMZN), PayPal (NASDAQ: PYPL), and (NASDAQ: AAPL) are no-brainer buys right now.
As the king of e-commerce with its leading 38% market share, Amazon's stock could surge alongside an improving economy. The company has immense dominance in the sector, proven by Walmart's second-largest market share of 6.3%.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 84 Buy predictions and 6 Sell predictions.
With a target price of 199 € there is a slightly positive potential of 16.99% for Apple Inc. compared to the current price of 170.1 €.
