best stocks to buy now

Do You Have These Top Stocks To Buy On Your Watchlist Right Now?

The stock market has been an interesting place in 2020. The coronavirus pandemic has created an entirely new landscape for the stock market today. So there are many different types of sectors that have been performing well this year. Some of these well-performing sectors include mining stocks, tech stocks, video game stocks, e-commerce stocks, and many more. What about the upper echelon of the market? I mean, if you’ve been keeping up you’ve seen how Walmart (WMT Stock Report) and Alphabet Inc. (GOOGL Stock Report) are performing this year. What about the rest?

Truth be told, nobody knows what is going to happen to the stock market at the moment. Analysts are more lost than they have ever been. Things are so volatile and can move in one direction so quickly that it is hard to know where to invest. For example, if the president tweets something that impacts the economy or something else, the market can completely change. With the market changing based on things like that, it can be hard to be in the know which way things will be moving. That is why proper research is more essential than it has ever been when investing in stocks. Let’s take a look at the biggest of the big, three large-cap stocks to watch as we continue through October 2020.

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Best Stocks To Buy [Or Avoid] Right Now: Apple Inc.

The first company on this list of large-cap stocks to watch is Apple Inc. (AAPL Stock Report). We all know Apple as the massive tech conglomerate that produces cell phones, computers, tablets, and more. But what has Apple been doing in recent times? Well, on October 6th Apple announced that it is holding an event on October 13th. This event is predicted to be where the company reveals its brand new iPhone 12. Due to the coronavirus pandemic, the event will be held online only at 10:00 am pacific standard time. What else is new for this large-cap tech stock though?

best tech stocks (AAPL stock)

Back in August the company did a 4 for 1 stock split, at $125.5 per share. In addition to this, Apple has been reporting very positive sales numbers in its reports. The company is operating most of its stores once again and has seen a huge increase in e-commerce sales. AAPL stock is at $113 a share on the day of October 6th.

This is up from the $74 a share the company was back in January. Apple, despite troubles from the pandemic, has managed to recover and improve its business despite the issues posed by global economies. A perfect example of a company able to keep itself afloat throughout the rough landscape this year. It will be interesting to see the new product lineup allegedly being announced at Apple’s upcoming event.

Best Stocks To Buy [Or Avoid] Right Now: Amazon Inc.

If you haven’t heard about Amazon’s (AMZN Stock Report) massive success in 2020, then you have already missed out on a lot. Don’t worry though, it’s never too late. You know Amazon as the massive e-commerce company that is now among the largest companies in the entire world. But what has Amazon been up to recently? In Amazon’s second-quarter reports, its revenue was up 40% to $88.9 billion.

faang stocks to watch Amazon (AMZN stock)

In the reports, Jeff Bezos stated, “This was another highly unusual quarter, and I couldn’t be more proud of and grateful to our employees around the globe. As expected, we spent over $4 billion on incremental COVID-19-related costs in the quarter to help keep employees safe and deliver products to customers in this time of high demand”.

Amazon was already a massive company before this pandemic struck. But e-commerce has been needed while many are still too skeptical to go shop for items outside. In addition to that, many retail locations are restricted or still closed entirely at the moment. Amazon kept business flowing and saw results because of it. Since March, Amazon has created 175,000 new jobs with 125,000 new employees joining full-time positions. Groceries have been essential this year in particular, which is a segment up 160% with Amazon as well. Now, all we can do is see how AMZN stock performs in the future. It started the year at $1900 a share on average and is now at $3100 a share on average. That is why many investors have made good profit with AMZN stock in 2020.

[Read More] 3 Top Software Stocks To Watch In October 2020

Best Stocks To Buy [Or Avoid] Right Now: Tesla Inc.

The final large-cap stock on this list is Tesla Inc. (TSLA Stock Report). Tesla is the massive electric vehicle maker that changed the way people purchase and drive cars entirely. Tesla actively owns 81% of the electric vehicle market in the United States as of 2020. Tesla’s stock price has gone up drastically in the long term this year.

top electric vehicle stocks to buy now (tsla stock)

The company reached the 1 million vehicles produced to mark this year too. A few months ago Tesla did a stock split around the same time as Apple which made its price go from $2200 a share to $500 a share, offering more shares for investors at a lower cost.

Since the split though, TSLA stock price has gone down to $413 a share on average. Still, though, TSLA stock price is at $344 a share. This stock can often be volatile hence the reason for its ups and downs. In the long term, Tesla has gone up consistently. The company recently held its “battery day” event and also continues to mass-produce a lot of vehicles. Seeing as the company has changed the automotive world entirely, it is always a company to watch. That is why TSLA stock has made this list of large-cap stocks to watch.


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