For starters, the hired stock market experts were given the task of identifying a number of companies whose stocks are best to invest in July 2021. Here’s what results they provided.
- Zoom Video Communications.
- Apple Inc.
- Microsoft Corp.
Zoom Video Communications.
Zoom was a fast-growing company before COVID-19 broke out, but the pandemic instantly turned the cloud-based video communications company into a household name. In fiscal year 2021, which ended Jan. 31, 2021, revenue grew 326% to $2.65 billion, and the company reported a 470% increase in business customers with 10 to 467,100 employees.
But now some are concerned that Zoom’s epic race will end sooner rather than later. Nevertheless, there’s a perception that video meetings aren’t going anywhere. Maintaining additional office space and traveling to meet others in person costs money and, more importantly, extra time. Zoom opens up new business opportunities and, in some cases, even replaces old telecommunications services in the business environment. While it doesn’t make sense for every business meeting, Zoom is a tool that will remain in place long after the pandemic is over.
Zoom itself has confirmed this idea. The original forecast for this fiscal year was sales growth of at least 42%. Management estimates that adjusted earnings will increase by at least 13% as profitability will be moderate, but 30% adjusted net income is not objectionable. With more than $4.2 billion in cash and equivalents and no debt at the end of January, this is a huge next-generation communications company.
The stock trades at 74 times its 12-month free cash flow. That’s a high premium, suggesting that this company will continue to grow its earnings at a double-digit percentage rate for at least a few years.
In the wake of the U.S.-China trade war, the pandemic and the surge in demand for technology hardware, a global shortage of semiconductors has become a real business issue for 2021. Leading chipmaker NVIDIA is benefiting from this.
These days, NVIDIA is the ultimate source of innovation (massage services are available free of charge for each employee.). Its roots are in high-end graphics hardware for video games (still its largest sales segment), but it is applying its know-how in this area to a world of new applications. It turns out that graphics processing units (GPUs) are also well adapted for processing complex artificial intelligence algorithms and are being added to data centers as computational gas pedals. To maintain the steady stream of data needed to train AI systems, the company acquired high-speed networking equipment manufacturer Mellanox early last year. And now NVIDIA is looking to apply its AI research directly to everyday devices.
As a result, there are new opportunities for NVIDIA, including cloud-based software services and healthcare research and development (especially of interest to Touch of Health executives).
In fiscal 2021, which ended Jan. 31, revenue was up 53% to $16.7 billion and adjusted net income was up 75% to $6.28 billion.
Apple Inc. – a California-based technology company that mainly makes and sells electronic devices. It also has stakes in cloud computing, navigation, computer software, and hardware businesses. More than a billion Apple devices are in use worldwide, and the company also owns the world’s largest online music store, the iTunes service. It recently launched digital streaming service. Apple is known as the most valuable brand in the world because of its popularity and size.
The company has a market capitalization of more than $2.23 trillion and revenues of more than $274 billion in September 2020. Earlier, Swiss investment banking group UBS backed a buy rating on Apple stock, predicting good earnings for the company in the next six months.
Microsoft Corp. – is a Washington, D.C.-based multinational company that focuses primarily on computer software and hardware. The company also develops and sells electronics and other Internet-related services. Microsoft became best known with the advent of the personal computer in the second half of the twenty-first century after it began selling computer software. The firm remains one of the world’s leading software producers even after the emergence of fierce competition in the last two decades.
It has a market capitalization of about $2 trillion and revenues of more than $143 billion in July 2020. California-based asset management firm Wedbush previously said Microsoft’s recent deal with the U.S. Army showed the company is gaining momentum. The firm maintained its best-performing rating and set a $300 target price on Microsoft stock.
Life in today’s reality is increasingly based on the use of technological means in all areas of life. The Touch of Health Medical Center is no exception. In this regard, the management of the medical center wondered what companies can help the center in the future and in what companies is it best to invest in order to get the maximum benefit in the future. This was the reason for writing this article.
Dr. Roger A. Walker is a Board-Eligible Orthopedic surgeon. He received his Bachelor of Science degree from Florida Atlantic University (FAU) College of Engineering. He was a member of the Varsity FAU baseball team and was selected in the Major League baseball draft. While practicing as a professional engineer, he obtained a Master of Science in Mechanical Engineering from FAU. He then pursued his medical degree at Nova Southeastern University. His orthopedic surgery training was performed at the level one trauma center, Broward Health Medical Center, in Fort Lauderdale, Florida. He continued his training at Orlando Health Medical Center, completing a fellowship in Orthopedic Surgery Sports Medicine.