Several Stocks to Buy in a Bull Market

There are hundreds of interesting stocks and it is not easy to choose the best stocks. In spite of a recent pullback in equities, the stocks have the opportunity to thrive under the Biden administration.

As a reminder, Federal Reserve Chair Jerome Powell pledged to keep interest rates at or near historic lows through 2023, all while injecting in liquidity via monthly Treasury bond purchases. Moreover, Congress approved a stimulus package.

Interestingly, there is ample access to cheap liquidity and a clear three-year outlook from the fed. That’s a recipe for the stock market to thrive with Biden in the White House.

Let’s start with Amazon. The tech giant is one of the best options. As a reminder, the company’s share of U.S. online sales is expected to grow from 38.7% in 2020 to 39.7% in 2021. Amazon has been able to use its prowess as the leader of e-commerce to sign up more than 150 million people to Prime around the world.

Interestingly, the fees Amazon collects from Prime help it undercut brick-and-mortar retailers on price. Furthermore, Amazon Web Services (AWS) delivered 30% sales growth in 2020 during the worst economic downturn in decades.

AstraZeneca and other interesting Stocks

As mentioned earlier, there is no lack of interesting stocks. AstraZeneca is one of them. Importantly,  the company is now successful cancer- and cardiovascular-drug developer. In 2020, its trio of cancer blockbusters grew between 36% to 49% on a constant-currency basis. We are talking about Tagrisso, Imfinzi, as well as Lynparza.

Furthermore, AstraZeneca is also in the process of buying specialty drugmaker Alexion Pharmaceuticals for $39 billion in a cash-and-stock deal.

Let’s have a look at another company. It makes sense to invest in Pinterest as well as U.S. Bancorp. This bank has historically avoided the riskier derivative investments. Importantly, thanks to this approach U.S. Bancorp delivered a superior return on assets and is quick to bounce back from recessions.

Pinterest is another interesting option. Interestingly, Pinterest’s monthly active user count grew by 124 million in 2020 to 459 million.