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Top stocks to buy now? 4 Stocks Consumers To Consider


April 21, 2021

6 minutes of reading

This story originally appeared on Stock market

Looking for top consumer stocks to watch right now?

Consumer stocks still focus on stock market This week thanks to the positive retail numbers released. Just last week, retail sales rose 9.8% in March, the highest increase in 10 months. To be sure, this will be the case with the latest in stimulus support along with extensive vaccination efforts. Not only do consumers have more arbitrary dollars, but they also feel safer going out to spend the aforementioned dollars. In addition, it was also reported that the initial unemployment benefit was at its lowest level since March 2020. All considering, I can see top consumer stocks are stocks are most active today.

If so, we may be looking for an interesting opportunity for investors right now. On the other hand, the first quarter income season of 2021 seems to be accelerating. For consumer technology giants like Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPLSet up for earnings reporting, investors will keep a close eye on the industry. On the other hand, the major stock indices are still recovering from the beginning of a volatile trading week.

Overall, investors may be looking to invest in these top consumer stocks stock market today. With the hype and current pricing on a large scale, I can understand why. If you are looking for Best consumer stocks buy Today, here are four in focus right now.

Best consumer stocks to watch for April

Nio Inc.

Nio is the pioneer in China’s premium electric vehicle market. In essence, it designs, manufactures, and sells self-driving electric vehicles. Places that like to boast of next-generation technology and artificial intelligence. The company also offers its users innovative charging solutions and other user-centric services. NIO shares are currently trading at $ 38.53 at 3:28 p.m. ET and have risen more than 1,000 percent last year. Earlier this month, the company offered a March and Q1 2021 delivery update.

Source: TD Ameritrade TOS

Specifically, Nio delivered 7,257 vehicles in March 2021, a staggering 373% increase over the same period last year. Delivery for the three months ending March 2021 was 20,600 vehicles. This is a 423% increase over the same period last year. In addition, the company reported its fourth quarter financial report last month. Of which, car sales were 946.2 million USD in the quarter, up 44.7% over the same period last year. Nio’s total revenue for the quarter was $ 1.01 billion, up 133.2% from a year earlier.

Impressively, the company also finished the year with $ 6.5 billion in cash. With interesting developments surrounding Nio, would you consider adding NIO stock to your watchlist?

[Read More] Looking for SPAC stock to buy in 2021? 3 names to watch

Walmart Inc.

Next on this list is Walmart, a multinational retail corporation. The company operates a chain of hypermarkets, grocery stores, and discount department stores. Impressively, more than 230 million customers and members visit e-commerce stores and websites every week. WMT shares are currently trading at $ 141.07 as of 3:29 p.m. ET. The company in February raised its annual dividend to $ 2.20 per share, marking 48order year of consecutive dividend increase.

Best consumer stocks to buy (WMT shares)
Source: TD Ameritrade TOS

In addition, it reported a financial record for the fourth quarter and fiscal year 2021 in February. Total revenue for the quarter was $ 152.1 billion, up 7.3% from the same period last year. Its e-commerce sales rose a commendable 69% with strong results across all channels. The company has overcome the pandemic by accelerating its long-term strategy of transforming itself into a dynamic multi-channel business.

Walmart is also investing in its next-generation business model. Specifically, it has been investing in automation to drive future sales and income growth. The company expects investments in fiscal year 2022 to be close to $ 14 billion. This will give the company a competitive edge as it builds supply chain capabilities and automation to stay ahead of demand. With that said, would you consider WMT stock?

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PepsiCo Inc.

Pepsi is a multinational food, snack and beverage corporation. It is comprised of seven divisions globally. The company serves consumers in more than 200 countries and regions around the world. Pepsi’s ability to thrive during the pandemic has set Pepsi apart from its peers in both the food and beverage industries. Apparently it won market share for both of its major segments by 2020. PEP shares are currently trading at $ 146.95 at 3:29 p.m. ET.

Top consumer stocks to watch (PEP shares)
Source: TD Ameritrade TOS

Last week, the company reported its first quarter results, reaffirming its financial orientation for 2021. In which, the company reported net sales growth of 6.8% in the quarter. Pepsi also posted earnings per share of $ 1.24, up 29% from the same period last year.

In its financial outlook for 2021, the company expects single-digit earnings per share. It also projected total cash returned to shareholders at around $ 5.9 billion. With all of this in mind, would you consider adding PEP stock to your portfolio?

[Read More] Best stocks to buy now? 4 technology stocks you need to know

GameStop Corporation

When it comes to consumer stocks that are causing a stir, few can compare with GME stock. Indeed, investors will be familiar with GameStop’s recent explosive growth. While Reddit investors continue to invest in ‘meme stocks’, other investors will likely keep an eye on it as well. Furthermore, the company is actively promoting its digital commerce services to adapt to the changing consumer market trends. Having said that, you could say that this is the GameStop that showcases its resilience in the current pandemic scene. As of now, GME shares are gaining more than 800% year-to-date.

Top consumer stocks to buy (GME shares)
Source: TD Ameritrade TOS

For one thing, there’s no shortage of interesting news about the company. Yesterday, it was revealed that CEO George Sherman will resign from July 31 this year. In the announcement, Sherman’s role in helping “gives stability and strength“For the company’s business has been marked. At the same time, Reddit investor Keith Gill doubled his stake in the company to a total of 200,000 shares.

According to a recent report, Gill and other Reddit investors claim GameStop’s proposed turnaround plan is the main growth driver in the long term. Notably, this plan will see the company focus on digital sales while expanding its collection of gaming products. Regardless time will tell whether this can benefit GME stock in the long run as the dust settles. In the meantime, will you watch it?

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