5 Top Stocks to Buy in October
| | | Ah, fall, when the days get shorter, the weather gets cooler, and the decorations get more gourd-intensive. We asked five of our Foolish analysts to sift through a tricky market in search of their favorite treats. After bobbing for investments, here's what they came up with: - iRobot (NASDAQ: IRBT): Trade-war turbulence left iRobot with a 35% dent in its shiny metal chassis, but the company's already using its positronic brain to look toward the long term. It's shifting manufacturing out of China to avoid further tariff tangles, and its actual results don't remotely match up with its slumping shares. In short, this banged-up stock's looking like a superb bargain.
- Etsy (NASDAQ: ETSY): You want to buy thoughtful, handmade gifts. A whole bunch of people out there want to make and sell those gifts. Etsy connects you with those sellers — and rakes in high-margin, low-risk profits along the way. The number of buyers and sellers alike is booming, and revenue and profits are growing even faster. And we believe Etsy's only captured a fraction of its potential market.
- Chart Industries (NASDAQ: GTLS): A few years back, this global supplier of equipment for processing liquified natural gas (LNG) was a flabby, overburdened has-been. Cue the 1980s training montage! After smart divestments, smarter acquisitions, and (presumably) a totally boss guitar solo, Chart's leaner, meaner, and ready to take advantage of a flourishing LNG market. With huge, profitable deals lined up and the potential for a massive earnings boost in the not-too-distant future, Chart looks like a great contender to win big for investors.
- Macy's (NYSE: M): OK, fine — a few stories down, we're going to tell you why department stores overall look like a bad bet. But every rule has its exceptions, and at least one Fool thinks Macy's might fit that bill. The market's been pummeling this mall mainstay, even as Macy's boasts slow-but-steady sales increases and a dividend yield that actually is as good as it looks. At a bargain-basement price, Macy's might be too good of a deal for investors to ignore.
- SSR Mining (NASDAQ: SSRM): The market, and the world, are looking pretty scary these days. And when times get dark, gold and silver tend to shine brightest — especially when bond yields fall, as they've done lately. This precious metals miner is prying more gold and silver out of existing mines, bringing new ones online, sitting atop a healthy hoard of cash, and trading for a dirt-cheap valuation.
Read the rest for more on each of these companies. | |
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| | Watch: How Much Do I Need to Retire?
| | | The real answer is that it's different for everyone. But let's start with a general rule and break down how that can vary per person. | |
Why Mark Zuckerberg Thinks Mark Zuckerberg Should Control Facebook This year, 82% of Facebook (NASDAQ: FB) shareholders voted to eliminate the company's special class of shares with super-duper-extra voting power. Since none of those shareholders were named "Mark Zuckerberg" — who happens to own the vast majority of those supervoting shares — the proposal went nowhere. Now, thanks to leaked audio from an internal meeting where Facebook's hoodie-loving CEO and chairman fielded employees' questions, we know why Zuckerberg thinks he should continue to wield such outsized control. Basically, Zuckerberg says that if he weren't in charge, Facebook wouldn't have made as much money or grown as big as it has. He cited Yahoo!'s offer to buy Facebook for $1 billion in 2006 — a bid Zuckerberg refused over his board's objections. (Coincidentally, Zuckerberg noted that he would likely have lost his job if the deal went through.) Having the lion's share of the power in his own hands, the CEO said, helped Facebook ignore Wall Street's short-term whims. This argument sounds reasonable enough — until, as Fool analyst Evan Niu notes, you remember all the other founder-led companies that have been able to thrive without monopolizing control of their shares. Read the rest to see where Evan thinks Zuckerberg's argument starts to fall apart.
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The Biggest Problem for Department Store Stocks Now that we've talked up Macy's prospects, let's take a hard look at the department-store sector as a whole. After peaking in the early 2000s, industry sales have marched steadily lower, with Americans spending almost half as much per month at these stores now as they did back then. Don't blame the Internet for this. Well, don't just blame the Internet. Rival big-box retailers have also swiped a big chunk of these stores' sales. But the real problem for department stores is structural — they spend too much on their operating expenses to make the same kinds of profits as their more efficient competitors. Read the rest to see the hard numbers and harder truths staring down the department-store sector.
| | | CEOs come and go at Wells Fargo, eBay, and more. Peloton's IPO steers into a ditch. And where's the beef? Definitely not here: McDonald's embraces plant-based meat with its new PLT. | |
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