The Smartest Stocks to Buy With $1,000 Right Now

What do a Taiwan-based pure-play semiconductor foundry, a China-based electric vehicle manufacturer, and a U.S.-based biotechnology company have in common?

The businesses in question are Taiwan Semiconductor Manufacturing (NYSE: TSM), Nio (NYSE: NIO), and Gilead Sciences (NASDAQ: GILD). These companies are riding solid long-term structural tailwinds and have strong balance sheets that can enable them to capitalize on the opportunities. Besides, the three companies are currently trading at levels significantly below their all-time highs -- which is surprising considering the ongoing stock market rally.

Investors can earn attractive returns from any of these fundamentally strong stocks from an investment of as little as $1,000, provided this money is not needed to pay bills or as contingency funds.

Source Fool.com