If you’re looking for the biggest stocks that can go up in the future, here’s 10 of the biggest monsters. These are companies that have the potential to make millions, even billions, of dollars. You should start thinking about investing in them now.
Dish Network Monster Stock
If you have a 401k and want to invest in a solid stock that has a long-term view, you may want to consider DISH Network. The company has a lot going for it, and its upcoming earnings season could be a boon to shareholders.
DISH has been one of the biggest winners in the cable television industry. Its most recent quarter showed an improvement in profits and subscriber counts. In fact, Dish’s wireless business seems to be making progress as it added 1,000 net subs to its lineup.
This is one of the better stocks to own right now, as the stock is trading at a forward P/E of 9.8X. Currently, Dish is laying out rate proposals at a discount to fair market value.
On a positive note, the stock has gained 5% over the last month and it has recovered from its recent October lows. However, if you have been holding out for a buy, you may have to wait a bit longer to reap the rewards.
Lithium Americas is a leading producer of lithium concentrate. It has excellent long-lived assets in the United States and Argentina.
Lithium Americas is seeking to capitalize on the fastest growing region in the world. This region has access to water and chemical reagents, as well as low-cost electricity.
Lithium is one of the most important components for electric vehicle batteries. The demand for EVs is expected to increase in the next several years. But lithium supply is limited. A tight market could drive up prices.
Another promising lithium stock to consider is Albemarle (AAL), a leading lithium battery provider. The company supplies lithium to Tesla, as well as bromine operations.
It also has chemical catalyst refining operations. Some analysts are predicting ALB shares will reach over $400 in 12 to 18 months.
For more than 60 years, Generac Holdings Inc. has been a leader in the backup generators and energy equipment industry. The company provides solutions for the residential, industrial, and commercial markets. In addition, Generac is a leading manufacturer of cell tower backup systems.
Its products and solutions have enabled consumers to turn on and off their home and commercial standby generators from anywhere, at any time. A recent surge in home standby generator sales has driven a substantial increase in the company’s revenue.
The company has built a network of independent generator dealers in North America. During the fourth quarter, residential sales grew 55%, while commercial sales increased 17%. Additionally, industrial sales grew 25%.
The company recently announced plans to diversify its business model. By adding a new business organization, Energy Technology, it will focus on storage, connectivity, and energy management products. This will allow the company to more effectively align its go-to-market efforts.
During the third quarter, Caesars Entertainment (CZR) set new quarterly records for revenue, net profit, and adjusted EBITDA. The company’s management attributed the record performance to strong bookings in the Las Vegas segment. It also noted the limitations it faced from the hurricane Laura.
As the economy continues to recover, Vegas-based casinos saw their non-gaming revenues return to a more robust level. Caesars expects a significant increase in international tourism in the coming 18 months.
Caesars has been developing partnerships with professional sports teams, such as the NFL, NBA, MLB, and NHL. These new relationships are expected to drive revenue growth.
However, the company’s management strategy may be shaky. Its leverage is high, and Caesars could suffer from significant operating losses in the coming year. In addition, the decline in online gambling enthusiasm will likely negatively impact its stock price.
BlackRock is the largest asset management firm in the world with over $9 trillion in assets under management. This includes a monster ETF business. Despite the fact that it has been a stellar performer over the past year, the company’s AUM has been on a downward trajectory in recent months, due in large part to fears of a recession.
Despite its relatively short history, BlackRock is a pioneer in some areas. For instance, it’s also the largest issuer of exchange-traded funds. The iShares family of ETFs contributes roughly 30% of BlackRock’s overall revenue.
Interestingly enough, BlackRock isn’t too keen on the developed markets in the near term. As a matter of fact, a recent report shows that the company is underweight on developed market stocks.
Another good reason to buy the stock is its 3.4% dividend. It’s the largest among the blue chips. With a trailing 12-month price-to-earnings ratio of 4.6, it’s safe to say that the payout will continue to grow.