This economic downturn has given a tremendous blow to the stock market. The blow is so hard that some of the companies have totally been thrown out of the market. The impact is global and almost all the countries are trying hard to come out of this downturn. With this downturn, investing in stock market has become a huge risk. Some companies in the automotive sector are walking away with huge losses. However, there are still some companies which have shown potential shine and progress. In this article, we will discuss the top 10 stocks to invest in, as they have survived the downturn and are showing potential profits for the investors.
1. Exxon Mobile CP (XOM)
It remains to be one of the most profitable companies. Unlike BP and Shell, it is not at all risky and can offer a good return to the investors.
2. Safeway (SWY)
Safeway has survived the recession blow and is showing positive signs even in this turbulent market. According to a recent report, their profits are up to 12 percent.
3. ProShares UltraShort Technology (REW)
It is a good stock to invest in, as it has shown some impressive returns in the recent months.
4. Activision Blizzard, Inc. (ATVI)
As per the expectations, ATVI has not been recession proof in their last 6 months history. But, this company is expected to shoot to great heights in the forthcoming year.
5. Netflix, Inc. (NFLX)
The past few months’ history shows an amazing performance of Netflix. Since October, the stock prices have more than doubled. It showed a 19 percent increase in the last quarter’s revenue.
6. Mastercard (MA)
Mastercard is always in a safe zone because of the limited credit risk. The last quarter showed a growth of 14 percent. Since, everything is plastic today; Mastercard continues to show potential growth and prosperity.
7. Best Buy (BBY)
Since the announcement of Circuit City going out of business, Best Buy has been shining considerably. Despite the dampening economy, it is looking promising and over the last few months its stock price has also doubled.
8. PetSmart Inc. (PETM)
Pet owners continue to shop for their lovable pets besides, spoiling them on occasions. The economic downturn has forced people to cost cutting in their expenses. But, these loved ones still enjoy their previous luxuries. Some of the financial analysts have even predicted a rise in sales up to 15 percent this quarter. So, naturally it is getting a positive response from the side of curious investors.
9. General Electric Co. (GE)
It suffered a serious blow the last year. However, they now have the cash needed to support their operations with their recent dividend cut. There is positive expectation for the next quarter and the stock is also priced very low, which is attracting potential investors.
10. Dollar Tree Inc. (DLTR): Since the shopper’s are cutting down expenses, Dollar Tree has shown successful results. They continue to expand and are planning to add at least 150 stores in 2009.
For a potential investor, the above list of the top 10 stocks to invest in could be a great help and can provide an insight into the recent stock market. So, invest carefully.