5 of the Best Stocks to Buy for June
These five stocks to buy for June have been hit particularly hard by supply chain, inflation or rising-interest-rate worries in recent months.
1. Inc. (NKE)
Nike shares are down more than 30% through May 27. Company growing earnings at more than 20% in both 2023 and 2024
2. Estée Lauder Cos. Inc. (EL)
One of the World's largest cosmetics sellers. Selling through digital avenues has allowed Estée Lauder to raise its profit margins and has insulated it during the pandemic
3. Netflix Inc. (NFLX)
Netflix is still generating a stunning $30 billion per year in subscription revenues. For investors who believe the company can solve its content spending and quality issues, this entry point could be an absolute steal.
4. Lennar Corp. (LEN)
As long as mortgage rates stabilize and the Fed can engineer a soft landing for the economy, homebuilders should deliver excellent returns over the next 12 months.
5. VF Corp. (VFC)
VFC stock is also appealing for income investors, as the company is a "Dividend Aristocrat" that has increased its dividend for 49 years in a row. VFC stock is now selling for less than 16 times earnings.
These stocks should bounce back as supply chain and inflation worries wane.