3 No-Brainer Stocks to Buy in a New Bull Market
We're not in a new bull market yet. However, the major indexes -- especially the Nasdaq Composite Index -- aren't too far away from bull territory.
Three Motley Fool contributors have identified their picks for no-brainer stocks to buy in a new bull market. Here's why they chose Novo Nordisk (NYSE: NVO), Pfizer (NYSE: PFE), and Vertex Pharmaceuticals (NASDAQ: VRTX).
David Jagielski (Novo Nordisk): In a bull market, investors pay less attention to earnings multiples and are often more willing to pay a big premium for growth stocks. While Novo Nordisk isn't a cheap stock right now (it trades at more than 40 times its trailing earnings), its valuation could still climb even higher. Between the growth it's going to achieve through the sale of Ozempic and Wegovy (its diabetes and weight-loss treatments) and commanding a higher multiple for all that potential, investors can still earn a great return from buying the stock right now.
Source Fool.com
