4 Soaring Stocks I’d Buy Now With No Hesitation

While technology stocks get a lot of attention from the media, there are a lot of attractive options in the consumer goods space as well. Here are four stocks in that sector that I’d buy without any hesitation.

While often classified as a consumer goods stock, Amazon (NASDAQ: AMZN) is really a combination of a consumer goods company and a technology company. It operates the largest e-commerce and logistics company in the world, where it sells both its own goods and those of third parties. This continues to be a steadily growing business, with its North American sales rising 9% last quarter and international sales up 12%.

Operating income for its retail businesses has been growing even more quickly, as the company has been using artificial intelligence (AI) to help improve efficiency both within its warehouses and on its delivery routes. It has also continued to see strong growth in higher-margin sponsored ads, off an already pretty large base.

Its largest business by profitability, though, is Amazon Web Services (AWS), its cloud computing business. It’s growing quickly, with revenue up 19% last quarter, as the company provides foundation models for AI and helps customers build out their own AI models and applications through its BedRock and SageMaker solutions. It is currently the largest cloud infrastructure company in the world, holding a 31% share of that market.

Amazon has a long history of innovation and investing to win, and this ethos should help it continue to be a long-term winner.

Image source: Getty Images.

Philip Morris International (NYSE: PM) is something rare — a growth stock in a defensive industry. Though it has no U.S. exposure when it comes to traditional cigarettes, this part of the company’s business is still growing through a combination of price increases and modest volume growth. However, Philip Morris’ big growth driver has been its smokeless portfolio.

The company has seen huge growth from Zyn, a nicotine pouch made with nicotine powder and flavoring instead of tobacco. Last quarter, sales for the product continued to…

..

Read More

Recommended For You

Leave a Reply

Your email address will not be published. Required fields are marked *

Social Media Auto Publish Powered By : XYZScripts.com