Best Stocks to Buy Right Now

Which are the best stocks to buy right now 2010? This will be the question in the minds of several investors expecting to get fantastic returns from the stock market. This article has some of the top stocks to buy right now. So, read on to know more

Understanding the stock market ups and downs is not an easy task for all of us. With the economic recession behind us, we expect the market to bounce back sharply and make new highs in the time to come. However, what many experts have observed is that this time, the movement of the market will be slow and steady and hence it is advisable to be cautiously bullish on select sectors and companies. Good stock research is imperative before you take any investment call. The next section has some of the best stocks to buy right now 2010.

Top Stock Picks for 2010

Consumer Goods Stocks
Consumer goods producing companies have seen a surge in the demand from the market due to increased buying power which is possible from the improving job scenario. Consumer goods are those which we use in our daily life and our life comes to a standstill without them. A long term investment perspective can help get good returns in consumer goods, stocks along with other benefits such as dividends. So, you can buy stocks in the top companies in this sector with a time horizon of two to four years which can easily give you average annual returns of twenty five percent or even more depending on the performance of the firms. These are indeed the best stocks to invest for aggressive as well as defensive investors.

Health Care Stocks
Stocks of health care companies are expected to do exceedingly well in a very volatile market according to several investment advisers. The need for health care facilities will always remain with the growing population and hence the hospitals, which have the latest technology, infrastructure and provide world class facilities for treatment of all kinds of disorders and diseases will benefit directly. So, track the stock prices of leading hospital chains and take a decision to buy them at attractive levels. How to buy stocks for beginners will guide you in a proper way.

Pharmaceutical Stocks
The pharmaceutical industry is termed as 'recession proof' by many technical as well as fundamental analysts. With improved research and development activities, expenditure on developing new medicines, excellent marketing strategies and a growing market, pharmaceutical companies will fare well in the days to come. Though you can benefit from short term trading in these stocks, you should invest with a time horizon of eighteen to twenty four months to beat the volatility in the market.

Banking Stocks
Banking stocks have been included in the best stocks to buy right now because with the signs of growth in the economy, banks could outperform the broader markets. So, you can pick stocks of well established banks who have a wide range of businesses from consumer loans, corporate loans to broking, asset, and portfolio management.

Power Stocks
As we all know, the entire industry needs more and more power to meet the production demands. There are some old and well established power companies on the stock exchange which can give handsome returns to investors over the next few years. These companies have a large power generation capacity, less debt and also power transmission business which adds value to their stock prices. Unaffected by recession or meltdown, stocks of power companies could be the best bet for you.

Many technical analysts have recommended Johnson and Johnson which makes and markets health care products due to tremendous growth potential and fabulous results shown by the company. If you wish to invest in the oil sector, then Schlumberger Limited could be the right choice considering its financial and past performance. Among the banks, Bank of America is on the radar of several brokerage houses and the increased investor interest in the stock can be a positive sign.

So, these were some of the best stocks to buy right now 2010. You should invest only the extra amount you have in the markets to avoid risks and understand the basics of stock market investing. A disciplined investment approach, proper financial planning and right guidance are the necessities for a safe financial future. So, good luck and do well!

DISCLAIMER: This article is just for reference purposes and does not recommend any stock market transactions.
By Charlie S
Published: 8/18/2010