Stock market news can be confusing, and many are calling for a correction. But some of the best stocks to buy now can be investments that have made big profits recently. After all, there’s a chance picks outperforming the market will continue to do as well in the future as they did in the past.
To help you find the stocks with the wind at their back, here’s a list of 10 big-name companies that have tallied gains of 26% or more in the last 26 weeks, including Baidu (NASDAQ: BIDU), Netflix, Inc. (NASDAQ: NFLX) and Whole Foods Market (NASDAQ: WFMI) just to name a few. Here are the details:
Chinese-language Internet search provider Baidu (NASDAQ: BIDU) is the first stock on our list, having jumped +46% in the last six months. BIDU has shown steady growth since October, and more recently has gained +37% over the past three months as well. Potential buyers are also pointing towards BIDU’s last income statement, where the company reported a quarterly revenue growth of +94% and a quarterly earnings growth of +171%. A net profit margin of +47% last quarter isn’t too bad either.
Cimarex Energy Co. (XEC)
Independent oil and gas exploration and production company Cimarex Energy Co. (NYSE: XEC) operates in Texas, Kansas, Wyoming, Oklahoma and New Mexico. Since the middle of October, this oil stock has watched its stock price jump +45%, compared to an +11% gain for the Dow Jones. Year-to-date, XEC is up +21% as well. A quarterly revenue growth of +24% and a quarterly earnings growth of +12% last quarter are other numbers worth noting. At a time when gas prices continue to soar, XEC stock is following the same trend.
Cummings Inc. (CMI)
Cummings Inc. (NYSE: CMI) is a designer, manufacturer, distributer and servicer of diesel and natural gas engines, as well as other engine related components. In just over the last six months, CMI has posted an increase in share price of +26%. Looking further back, CMI stock is up +60% in the last 52-weeks. Importantly, experts are projecting EPS of $1.42 this quarter, compared to an actual EPS of just 75 cents this quarter last year. Strong quarterly revenue and quarterly earnings make this stock extremely appealing to potential investors.
Edwards Lifesciences Corp. (EW)
Edwards Lifesciences Corp. (NYSE: EW) is known worldwide for its products and technologies, which are used to treat advanced cardiovascular disease. Investors can hang their hats on EW’s last income statement, which reported a quarterly revenue growth of +13% and a quarterly earnings growth of +36%. Looking at stock value, EW shares have climbed +5% since the start of 2011. Looking in the longer term, EW shares have gained +26% in the last 26 as well.