Free AI web copilot to create summaries, insights and extended knowledge, download it at here

Abstract

that makes up 70% of its sales from 13 million buyers in the first quarter. Their earnings are in the red but the corona virus has increased sales for the company. Analysts see revenues with 34% growth this year and 24% in 2021.</p><figure id="c2e5"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*urGsb1sTAfFoQbi0FiGi6Q.jpeg"><figcaption>Photo by Kim Hester at Pixaby</figcaption></figure><h1 id="8954">Newport Mining (NEM)</h1><figure id="f768"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*Pw7JUw3p8hRbvA96luafLw.jpeg"><figcaption></figcaption></figure><p id="060f">Precious metals usually do well when the economy is not doing well. One company stands out and that company is Newport Mining. This company is the largest gold producer in the world since they acquired Goldcorp in 2019. At the close of business on May 15, Newport Mining is trading at $67.90. The company also pays a dividend. This company is involved in the production and exploration of several metals to include gold, silver, copper, zinc, and lead. The company operates in the US, Canada, Mexico, Australia, Dominican Republic, Peru, Argentina, Suriname, and Ghana. The company was founded in 1916. The company believes its cost cutting and debt reduction will help them with a strong possibility that the price of gold and other metals rise. Newport Mining is seen as a top choice to invest in gold.</p><h1 id="4b67">Okta (OKTA)</h1><figure id="2223"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*lYv-qml1hM-clyIRUDL9vQ.jpeg"><figcaption></figcaption></figure><p id="b137">Okta, Inc is hitting record highs during the epidemic as financial companies and investors are reaping the rewards. At$ 181.60 at the close of business on May 15, this cybersecurity company is just getting started. The security company supports businesses as employees securely access their computer systems. Their multi-factor authentication allows users to access the cloud, mobile, and company applications. Okta helps prevent hacking providing state of the art computer security. The company breaks even but their cash flow is healthy (6% in 2019). Sales have grown over the past five quarters 45 to 50%. Growth is expected for the next three years averaging 30% to 35%. Okta was founded in 2009.</p><h1 id="9cad">SNAP (SNAP)</h1><figure id="1b62"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*RAnDrLhEZeNSkrCjdCBECQ.jpeg"><figcaption></figcaption></figure><p id="a1e8">For a while SNAP was losin

Options

g attention with Facebook and Instagram adding the stories feature to its arsenal. SNAP still maintains its fanbase as worldwide growth attracts users to this social media platform. The site still attracts young teens and adults as they had impressive numbers during the first quarter. At the close of business on May 15, SNAP was trading for $17.10. SNAP’s numbers are 20% higher than a year ago to 299 million with 4 billion “snaps” created in the 4th quarter. As a result, revenue grew 44% in quarter 1 as North America was up 40%, 61% in Europe, and the rest of the world was up 49%. SNAP also produced their 1st quarter of positive operating cash flow. During the corona virus, there was a 30% jump in the platform from January to March. Growth for SNAP began in late 2019. SNAP was founded in 2010.</p><figure id="baea"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*hym9bAH1KLQm9I2tdA62cA.jpeg"><figcaption></figcaption></figure><h1 id="e387">Veeva Systems (VEEV)</h1><figure id="0751"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*HQjX5IRNPQDcEIRDtor4Uw.jpeg"><figcaption></figcaption></figure><p id="4cd2">The last stock is a company I never heard of until I started writing this article. VEEV is a cloud software company that is seeing a surge due to the corona virus and primarily in the medical industry. VEEV helps drug companies manage clinical trial data in life sciences. The company has made its software free during the corona virus to pharma sales reps through September to connect remotely with doctors. The stock price for VEEV closed at$ 200.43 on May 15. The companies’ revenue continues to grow and expected to for the next few years to at least 2024. Customer count increased by 20% in 2019 and revenue increased 34% in the last quarter. The stock price has steadily increased since 2016. VEEV was founded in 2007.</p><p id="9916">The author currently owns shares of Chewy and SNAP and not directly affiliated with any of these companies.</p><p id="fe27"><a href="https://medium.com/@tomhandy1"><b>Tom Handy</b></a><b> </b>is a top Investment and Bitcoin writer on Medium, and father of two kids. He retired from the Army and sits on several non-profit boards. Tom is the top Yelper in his community and a top Google Guide. He’s on several social media channels and you can find him on Twitter <a href="http://www.twitter.com/tomhandy1"><i>@tomhandy1</i></a><i> </i>and Instagram <a href="http://www.instagram.com/tomhandy1">@tomhandy1</a>.</p></article></body>

The Best Stocks to Invest in May

Five stocks that are doing well in the current market

T he stock market took a huge drop in 2020 because of the corona virus and the oil crisis in the Middle East but some stocks are defying the odds.

So don’t think stocks will fall to zero. Most stocks won’t but some may. That’s when you need to do your homework and analyze if this stock will make it through the current market crash and live to make money in a few years from now.

I don’t have a crystal ball and can’t give you financial advice if you should buy this stock or that stock.

I will, however, give you some hard facts, and then it’s up to you to decide.

There are many stocks that are performing well but I will only pick five stocks. Many were doing even better because of the corona virus and restrictions on shopping in public. These companies made it easier to enhance their online presence.

The Five Stocks Outperforming in 2020

Chewy (CHWY)

This company was founded in 2010 and has can be compared to Amazon except Chewy focuses on the per market. At the close of business on May 15, Chewy is trading for $42.11. The company provides pet food, treats, toys, supplies, medication, and health products. Chewy provides servers to a wide range of pets including dogs, cats, fish, birds, horses, reptiles, and small pets. Their services are found on their website www.chewy.com. They offer over 60,000 products from 2,000 partners. Chewy is recession resistant. From 2008- 2009, their sales grew steadily. Chewy is working to go more online as their online sales are 25% which is up from 14% in 2017. With the stay at home order and quarantine, more people are buying online than before. The company also has an auto-ship program that makes up 70% of its sales from 13 million buyers in the first quarter. Their earnings are in the red but the corona virus has increased sales for the company. Analysts see revenues with 34% growth this year and 24% in 2021.

Newport Mining (NEM)

Precious metals usually do well when the economy is not doing well. One company stands out and that company is Newport Mining. This company is the largest gold producer in the world since they acquired Goldcorp in 2019. At the close of business on May 15, Newport Mining is trading at $67.90. The company also pays a dividend. This company is involved in the production and exploration of several metals to include gold, silver, copper, zinc, and lead. The company operates in the US, Canada, Mexico, Australia, Dominican Republic, Peru, Argentina, Suriname, and Ghana. The company was founded in 1916. The company believes its cost cutting and debt reduction will help them with a strong possibility that the price of gold and other metals rise. Newport Mining is seen as a top choice to invest in gold.

Okta (OKTA)

Okta, Inc is hitting record highs during the epidemic as financial companies and investors are reaping the rewards. At $181.60 at the close of business on May 15, this cybersecurity company is just getting started. The security company supports businesses as employees securely access their computer systems. Their multi-factor authentication allows users to access the cloud, mobile, and company applications. Okta helps prevent hacking providing state of the art computer security. The company breaks even but their cash flow is healthy (6% in 2019). Sales have grown over the past five quarters 45 to 50%. Growth is expected for the next three years averaging 30% to 35%. Okta was founded in 2009.

SNAP (SNAP)

For a while SNAP was losing attention with Facebook and Instagram adding the stories feature to its arsenal. SNAP still maintains its fanbase as worldwide growth attracts users to this social media platform. The site still attracts young teens and adults as they had impressive numbers during the first quarter. At the close of business on May 15, SNAP was trading for $17.10. SNAP’s numbers are 20% higher than a year ago to 299 million with 4 billion “snaps” created in the 4th quarter. As a result, revenue grew 44% in quarter 1 as North America was up 40%, 61% in Europe, and the rest of the world was up 49%. SNAP also produced their 1st quarter of positive operating cash flow. During the corona virus, there was a 30% jump in the platform from January to March. Growth for SNAP began in late 2019. SNAP was founded in 2010.

Veeva Systems (VEEV)

The last stock is a company I never heard of until I started writing this article. VEEV is a cloud software company that is seeing a surge due to the corona virus and primarily in the medical industry. VEEV helps drug companies manage clinical trial data in life sciences. The company has made its software free during the corona virus to pharma sales reps through September to connect remotely with doctors. The stock price for VEEV closed at $200.43 on May 15. The companies’ revenue continues to grow and expected to for the next few years to at least 2024. Customer count increased by 20% in 2019 and revenue increased 34% in the last quarter. The stock price has steadily increased since 2016. VEEV was founded in 2007.

The author currently owns shares of Chewy and SNAP and not directly affiliated with any of these companies.

Tom Handy is a top Investment and Bitcoin writer on Medium, and father of two kids. He retired from the Army and sits on several non-profit boards. Tom is the top Yelper in his community and a top Google Guide. He’s on several social media channels and you can find him on Twitter @tomhandy1 and Instagram @tomhandy1.