There is never such a thing as a “sure bet” when it comes to investing, but there are always some stocks that tend to stand out from the pack, and are stocks that investors should not overlook.
When looking for stocks with the best possible chance of trending higher, there are several things that you want to pay attention to. You want to make sure that the underlying business is a leader in its respective field, it needs to be growing, it should have good barriers of entry, and most importantly it needs to trade at an attractive valuation.
If you can find a stock that has all of the above characteristics, you are left with a stock that is too good to overlook.
Make no mistake about it, there is no guarantees on Wall Street. Even a stock that has everything in place to move higher can quickly reverse course in the wake of just one bad news report. We never want to insinuate that a stock is guaranteed to go higher, but with a little planning and research, we are able to stack the deck in our favor.
With the overall market trading near record highs, a lot of investors are worried about whether or not the market has the strength to build on its recent gains, but with the following five stocks you can put yourself in a good position to extend your recent market gains.