As we begin a new year, it is important to take a new look at our current stock portfolios while also considering which stocks show the most promise for 2019. Once you learn how to invest in the stock market, you probably understand that financial literacy and stock picking can produce positive results. If you are looking for some promising stocks this year, narrow down the field with the following stocks. These are just a few of the stocks you will want to keep an eye on over the next year.
Capital One Financial (COF)
Capital One is definitely not a new household name. What started off as a credit card company has now transitioned into a largely successful banking institution. While they still offer credit cards, much of their business is in the consumer and commercial banking industry. Additionally, they have silently expanded into one of the largest auto bank lenders in the country.
Although bank stocks had a difficult year in 2018, some experts believe that they will recover in 2019. What makes COF a promising stock is that it tends to sell at a lower price in relation to its earnings when compared to other banking institutions. COF continues to market its alternative banking techniques and entirely online checking accounts.
Some believe that the multi-national billion-dollar company of Amazon has the potential to take over the world. A business that started out as a book retailer that has expanded into technology, consumer goods, food delivery, and more recently, healthcare, should definitely grab your attention when buying and selling stocks.
Although Amazon has had a volatile year, what makes the stock so attractive is the possibility of additional income streams. The company tends to focus on the long-term market share rather than short-term investment returns meaning this may be a good stock choice to trade if you are looking for a longer investment.
As smartphones and video gaming systems continue to grow in popularity, it is important to keep an eye on the individual stocks that support them. NVIDIA is a technology company that is responsible for computer gaming graphics. 2018 was a difficult year for this technology company as their share prices crashed after the fall of cryptocurrency.
While it may be a good idea to avoid stocks that rely entirely on cryptocurrencies, technological companies like NVIDIA are likely to thrive after shifting their priorities to gaming and computer systems. Additionally, if cryptocurrencies do make a comeback, then the NVIDIA stock will be worth that much more.
Zillow is a stock to watch, but not necessarily to run out and purchase just yet. Zillow quickly gained public attention as its tools allowed homeowners to access features that were previously only easily accessible to licensed realtors. Its business practices, however, led to a decline in stock price in 2018.
Some investors wonder if these business disputes will be managed in early 2019, leading to an increase in stock prices. As more investors and buyers discover real estate value easily, the company could be very promising for the upcoming year. In the meantime, is best to monitor any major business plan changes from Zillow and to go from there.
Unique political dynamics paired with the constantly growing technology world are sure to influence the 2019 stock market. There are a few stocks that show potential while others may need an entirely new business plan to recover from 2018 trades.