There is no way to know for sure which stocks are going to explode during the course of the next few months or even the year but there are a few that investors should be taking a look at possibly investing in. While most of the things you see online when you are searching for stocks to invest in are opinions, there are a few things that do make a lot of sense. There are some people who study the stock market for a living and when they agree on some stocks to purchase for 2016, it is a good sign that something great will be the result. These are the top 10 stocks I expect to explode in growth in 2016.
- Precision Castparts Corp. NYSE: PCP. This company was down for the majority of 2015 but Warren Buffet purchased the company and that means great things for the company’s future. It is now poised to continue being a major supplier for airline companies like Boeing and Airbus. If you want to get stocks before they take off, this is one to consider.
- Eagle Pharmaceuticals. NASDAQ: EGRX. This is still a small company with no more than 50 employees but it has already made some major headway in the stock market. It began at $15.50 near the end of 2014 and grew to almost $90 per share. This is largely due to the exclusive licensing agreement that the company got in February of 2015. The company is expected to make a lot more moves in 2016 which means now is the time to buy.
- NorthStar Realty Finance. NYSE: NRF. While you may not have heard of this company before, you should seriously consider it for your portfolio. The stock has had some downturn but it is expected to turn around with some planned spin offs that the company is planning. In fact, the company just started a spinoff of its European real estate business. Statistically, parent companies that initiate a spinoff have an average of 14 percent returns the year after and that percentage doubles the second year.
- SPX Corporation. NYSE: SPW. This is a company that is based in Charlotte, North Carolina. Just like the NorthStar Realty Finance stock, this company is planning some spinoffs which can mean great returns for people who have invested in their stocks.
- Ensign Group. NASDAQ: ENSG. This stock has grown a lot over the past year and a further climb from there is expected. The company owns over 100 nursing facilities, urgent care clinics, home healthcare businesses, and hospice companies. This number is growing and in 2015 alone, they acquired 18 more operations.
- Gilead Sciences. NASDAQ: GILD. In the past five years, the stock for this pharmaceutical company has multiplied by more than 5 times. This is because they shifted their focus in 2006 to developing treatments for pulmonary disease. They are trying to focus on the unmet need and it has had a great impact on their stock prices.
- Royal Dutch Shell. NYSE: RDS.A. You may be scared of this stock if you have been watching the stock market for some time because this is not an unknown one on our list. The price was down 20 percent over the last year alone but there is a great value opportunity in the making. It has a good upside potential if you are willing to take the risk.
- Sinclair Broadcasting Group. NASDAQ: SBGI. Because you are now paying attention to the presidential campaign, along with many other Americans, now is the time to invest in a telecom company. This company has many stations in swing states which means there will be a lot of money invested in political ads with this company. Cash in on the presidential election by purchasing this stock.
- Zebra Technologies. NASDAQ: ZBRA. You know this company even if you do not know the name. This is a barcode company and it has just become the king of the sector. The company recently acquired its biggest competitor, a Motorola subsidiary, and it shows no sign of slowing down anytime soon.
- Suez Environnement. EPA: SEV. This company is all about liquid assets. It is a Paris based utility company that provides drinking water and waste water treatment to many countries. The stock has been steadily growing over the past few months and the company is continuing to create deals with the U.S. to manage municipality owned water plants.Let this be your guide to growing your wealth exponentially in 2016. Just remember where you heard it first- Wealth Authority.
Regards,
Ethan Warrick
