December is here, and everyone is planning on the holidays. Coming along with December is the holiday shopping season. While many think about going on holiday for the year, I’m thinking about my best stocks to buy now.
A giant e-commerce platform
Shopify Inc. (NYSE:SHOP) is a cloud-based e-commerce platform that allows third parties to set up their stores on its platform and sell products. The company was founded in 2004 and headquartered in Ontario, Canada. The Shopify share price is up about 28% year to date, while the company’s stock is up over 34% in the last month. It is not surprising that Shopify is my best stock to buy this December. Already, the company reported that it smashed last year’s Cyber Monday sales this year.
In a recent interview, the company’s President stated that Shopify has seen peak sales, recording as high as $1.5m a minute or 13,000 orders a minute. Shopify’s Black Friday sales in 2021 doubled that of 2019. With Christmas shopping already here, I think Shopify will make even more sales. For investors like me, this is good news as it could spark more buying interest for this best stock to buy now.
Shopify is not without competitors as the company faces competition from BigCommerce, WooCommerce, and other platforms. Aside from that, the company missed market estimates in its most recent earnings and revenue reports. In any case, Shopify is still one of my best stock to buy now. The company’s share price may explode this December as the recent sales record may increase bullish interest.
#2 Best stock to buy now: Zoom Video Communication
The stock market globally has had a roller coaster ride since the detection of the omicron Covid-19 variant last week. After the new variant was detected, the Dow Jones reacted by plunging over 900 points. This has raised new concerns, and some countries have already placed new travel restrictions.
Zoom Video Communications Inc (NASDAQ:ZM) shares were one of the beneficiaries of the lockdown last year. This was because many trooped in to use the Zoom platform to stay connected. New measures to control this recent surge of covid-19 can just be the trigger that Zoom shares need to explode this December.
Considering that Zoom is down over 43% year to date. Buying at the current price may be a good bargain for my portfolio. Coupled with new interest for Zoom’s product due to the Omicron variant, the stock price may just surge this December.Â
Zoom is not without competitors. And unlike before, many rival platforms have really improved their technological quality. As a result, any glitches from Zoom may send customers to competitors. Also, bullish interest in the stock may reduce if existing vaccines are effective for the Omicron variant.
Final thoughts on the best stocks to buy now
As Christmas holiday shopping seasons draw closer. E-commerce stores will likely achieve record-breaking sales. Consequently, the share prices of many e-commerce companies may probably go northward. Also, where restrictions are re-introduced this December, lockdown stocks will attract bullish interest. Needless to say, Shopify and Zoom shares are my best stocks to buy now. But they’re not the only ones on my list. Here are my top 5 stocks to buy for 2022.
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Prosper Ambaka does not own shares in any of the companies mentioned. The Money Cog has no position in any of the companies mentioned. The Money Cog Premium has analysed Shopify. Views expressed on the companies, assets and strategies mentioned in this article are those of the writer and therefore may differ from the opinions of analysts in The Money Cog Premium services.
