These Are Our Stock Picks For The Month Of May
- Pfizer (PFE)
Why we chose Pfizer: Pfizer’s stock history has done very well since 2009 and we can expect it to continue to perform well. Pfizer was granted a breakthrough therapy design from the FDA for their ALK/ROS1 Inhibitor lorlatinib, ALK-Positive Metastatic Non-Small Cell Lung Cancer. They have also announced an agreement with InSphero to develop novel assays for predicting drug-induced liver injury. for these reasons, we are putting it on our stock picks for May. - Amazon (AMZN)
Why we chose Amazon: Amazon was an easy choice for us to pick because of the recent stock market rally that the company has gone on, as well as the excitement building around one of the fastest growing tech companies. Jeff Bezos is heavily investing in technologies that push Amazon past the boundaries of a standard tech company. AWS (Amazon Web Services) has been growing at a substantial rate and despite the more recent slowing of growth I still believe that AWS will still flourish. The introducing of Amazon’s own shipping department that can reduce cost and streamline the service as well as the investment into the self-driving car technology to disrupt FedEx bringing into question weather or not they will attempt to enter the shipping industry adding to their already impressive portfolio. - Disney (DIS)
Why we chose Disney: News surrounding a possible acquisition of Disney by Apple has been swirling around pushing the stock price up. Despite ESPN’s recent struggles pulling Disney’s revenue down the stock price continues to climb and Disney is still very profitable. With the NBA playoffs in full effect ESPN’s ratings could go signifyingly up pushing Disney’s profit up even more. I believe that Disney could be a winner this month even with the struggle that ESPN is going through reportedly laying off 100 employees, that being signifyingly more than excepted. - Tesla (TSLA)
Why we chose Tesla: We chose Tesla because of the rapid expansion of the industry that is clean, sustainable energy. Tesla arguably has the most equipped infrastructure to produce and develop the technology that powers this industry. The growth of Tesla’s solar powered roof and the “Hyperloop” also bring some major excitement. SpaceX is a winner for Tesla, even if they are separate companies they share the same CEO and newly developed technology can be transferred between companies with ease. It is no doubt however that Tesla’s main business is being in the automobile industry, and with the rising demand for their vehicles and other electric cars, we believe that Tesla is the best bet in a rapidly changing industry. - JPMorgan (JPM)
Why we chose JPMorgan: Due to Trumps tax plan we can expect the companies that will receive the biggest break are banks that will benefit from the corporate tax cut, as well as the cut of the capital gains tax. These banks are poised to make much more money due to these tax breaks as well as a more deregulated economy being another promise that Donald Trump has made. All the new government promises regarding tax reform and deregulation is going to help these major banks especially JPMorgan.
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