2 Hot Stocks to Buy in August
With the S&P 500 up 9% year to date and up 74% over the past five years, it's fair to say that the stock market has had a good run recently. While this is great for the value of investors' holdings, it means there are fewer good buying opportunities.
But if you look close enough, there are still some companies worth buying -- even in this market. PayPal (NASDAQ: PYPL) and The New York Times (NYSE: NYT) stand out as two stocks that look like good long-term bets.
After splitting off from eBay in 2015, PayPal has served investors consistently strong growth. For instance, PayPal's trailing-12-month revenue is about $11.8 billion, up from $9.2 billion in 2015. Furthermore, PayPal's trailing-12-month net income has also risen, reaching $1.5 billion, up from $1.2 billion in 2015.
Source: Fool.com
New York Times Corp. Stock
Currently there is a rather positive sentiment for New York Times Corp. with 5 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 48 € is below the current price of 49.3 € for New York Times Corp., so the potential is actually -2.64%.
