Today, July 4, 2022, Dow Jones is trading at ~31,097, the S&P 500 at ~3,825, and Nasdaq at ~11,127. With the market heading lower and lower, this is a bad time to be investing passively. However, this is the right time for the active investor to ask: “what are the top 10 stocks to buy right now?”
And here, at BigStocks.io, we want to give you an answer. So we did our research and we came up with 10 stocks issued by large corporations and expected by analysts to go up substantially in the short term.
Let’s have a look…
1. Boeing Co (NYSE: BA)
Business
Boeing, founded in 1916 and headquartered in Chicago, Illinois, is a major aerospace and defense company.
It does business through 4 segments:
- Commercial Airplanes
- Defense, Space & Security
- Global services
- Boeing capital
Forecast
Based on the 20 analysts’ 12-month median price target of $211.5 and the stock’s trading price, BA now has a 51.24% upside. The highest price target is $298 which represents a 113.1% upside and the lowest is $130 which represents a 7% downside.
2. General Electric Co (NYSE: GE)
Business
General Electric, founded in 1892 and headquartered in Boston, Massachusetts, is a global leader in precision health, air travel, and the energy transition.
The company is known for its massive industrial installed base of equipment sprawled throughout the world, which includes aerospace engines, onshore and offshore wind turbines, gas and steam turbines, and medical diagnostic and mobile equipment.
Most of GE’s service revenue is derived from that equipment.
Forecast
Based on the 15 analysts’ 12-month median price target of $96 and the stock’s trading price, GE now has a 60.53% upside. The highest price target is $120 which represents an 88.9% upside and the lowest is $74 which represents a 16.5% upside.
3. Micron Technology Inc (NASDAQ: MU)
Business
Micron Technology, founded in 1978 and headquartered in Boise, Idaho, is a designer and manufacturer of DRAM for PCs.
The company increased its DRAM scale by buying Elpida in 2013 and Inotera in 2016.
Forecast
Based on the 31 analysts’ 12-month median price target of $80 and the stock’s trading price, MU now has a 49.11% upside. The highest price target is $115 which represents a 114.4% upside and the lowest is $50 which represents a 6.8% downside.
4. General Motors Co (NYSE: GM)
Business
General Motors Co, founded in 1908 and headquartered in Detroit, Michigan, is an American multinational automotive manufacturer which emerged from the bankruptcy of General Motors Corp. in 2009.
It owns 8 brands and does business through 4 segments:
- GM North America
- GM International
- Cruise
- GM Financial.
Forecast
Based on the 22 analysts’ 12-month median price target of $56 and the stock’s trading price, GM now has a 73.91% upside. The highest price target is $95 which represents a 195% upside and the lowest is $33 which represents a 2.5% upside.
5. Ford Motor Co (NYSE: F)
Business
Ford Motor, founded in 1903 and headquartered in Dearborn, Michigan, is an American multinational automobile manufacturer.
The company does business under its Ford and Lincoln brands and through 3 segments:
- Automotive
- Mobility
- Ford Credit
Forecast
Based on the 21 analysts’ 12-month median price target of $17 and the stock’s trading price, F now has a 50.24% upside. The highest price target is $32 which represents a 182.8% upside and the lowest is $11.8 which represents a 4.3% upside.
6. Capital One Financial Corp (NYSE: COF)
Business
Capital One, founded in 1994 and headquartered in McLean, Virginia, is an American diversified financial services holding company focused on banking, credit cards, auto loans, and savings accounts.
It was originally a spinoff of Signet Financial’s credit card division in 1994. Today, the company operates through 3 segments
- Credit Card
- Consumer Banking
- Commercial Banking
Forecast
Based on the 20 analysts’ 12-month median price target of $161 and the stock’s trading price, COF now has a 50.75% upside. The highest price target is $207 which represents a 93.8% upside and the lowest is $86 which represents a 19.5% downside.
7. KKR & Co Inc (NYSE: KKR)
Business
KKR, founded in 1976 and headquartered in New York City, New York, is one of the world’s largest investment companies that manage multiple alternative asset classes ($470.6 billion in AUM).
The company owns two core segments:
- Asset Management (private equity, credit, infrastructure, energy, real estate, public markets)
- Insurance
Forecast
Based on the 13 analysts’ 12-month median price target of $79 and the stock’s trading price, KKR now has a 69.09% upside. The highest price target is $92 which represents a 96.9% upside and the lowest is $63 which represents a 34.8% upside.
8. Teck Resources Ltd (NYSE: TECK)
Business
Teck Resources, founded in 1906 and headquartered in Vancouver, British Columbia, Canada, is a diversified natural resources company.
The company has copper, coal, zinc, and oil sands operations in Canada, the US, Chile, and Peru.
Metallurgical coal is its most significant EBITDA contributor, closely followed by copper.
Forecast
Based on the 21 analysts’ 12-month median price target of $49.8 and the stock’s trading price, TECK now has a 67.24% upside. The highest price target is $60.07 which represents a 101.7% upside and the lowest is $39.84 which represents a 33.8% upside.
9. Twilio Inc (NYSE: TWLO)
Business
Twilio, founded in 2008 and headquartered in San Francisco, California, is a cloud-based communication platform-as-a-service company offering programmable communication tools for making and receiving phone calls and performing other communication functions via APIs.
The company’s platform allows software developers to integrate voice, messaging, and video functionality into both existing and new business applications through its APIs.
Forecast
Based on the 28 analysts’ 12-month median price target of $200 and the stock’s trading price, TWLO now has a 135.07% upside. The highest price target is $320 which represents a 276.1% upside and the lowest is $110 which represents a 29.3% upside.
10. Western Digital Corp (NASDAQ: WDC)
Business
Western Digital, founded in 1970 and headquartered in San Jose, California, is a leading data storage and hard drive manufacturer company.
The company is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia and has a duopoly with Seagate in the HDD market.
Forecast
Based on the 23 analysts’ 12-month median price target of $70 and the stock’s trading price, WDC now has a 61.18% upside. The highest price target is $90 which represents a 107.2% upside and the lowest is $50 which represents a 15.1% upside.
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