The stock market is booming, largely supported by a strong economy, rising corporate earnings, and attractive stock valuations. In 2017, the Dow Jones Industrial Average rose nearly his 28.5%, the Nasdaq Composite rose his 27.2%, and the S&P 500 rose. 21%, said Noland Langford, founder and CEO of Chicago-based Black-owned investment firm Left Brain Capital Management.
Langford also owns Left Brain Capital Wealth Management, an advisory firm for executives and families.
Major stock indices posted their best performance since 2013. Langford says there are at least five good places to invest your money in stocks given the current economic climate. A former Merrill Lynch and Wells Fargo advisor for 15 years, Langford launched Left Brain Wealth Management in 2014 and Left Brain Capital Management in 2016.
Langford manages the assets of 30 individual investors through the Left Brain Capital Appreciation. The Fund invests in stocks, bonds and other securities.
Left Brain Capital’s flagship fund was ranked one of the world’s best performing funds in 2016/2017 by Preqin, a research firm that tracks the performance of global hedge funds. In addition, Left Brain Wealth advises over 150 wealthy individuals on their investment, retirement and tax planning needs.
Below are a peek at what he predicts will be among the best performing stocks across various business sectors in 2018 and the next 1-3 years.
Dollar Tree (Nasdaq: DLTR)
Dollar Tree is one of the nation’s largest operators of variety stores in the consumer discretionary spending segment. We currently have approximately 14,000 stores in 48 states, with hundreds more on the way. There is strong demand for the company’s products as people move from major retailers to Dollar Tree during tough times. And when the economy is as strong as it is now, shoppers will visit Dollar Tree more often and buy more. Langford also said Dollar Tree is a shareholder-friendly company, often returning capital to investors through share buybacks.
Netflix (Nasdaq: NFLX)
US entertainment companies are Langford’s picks in the media industry. He says Netflix remains a disruptor. After the video rental market closed, it’s now upending cable and network TV. Profits flow directly into the company, demonstrating a strong commitment to growth that long-term investors should be keen on. The company’s subscriber base is growing rapidly, especially internationally. This is really good news for shareholders. Because this not only extends Netflix’s lead over its competitors, it also brings in additional revenue for the company to continue funding original shows. That momentum should continue to push stocks higher over the next few years.
Teladoc (NYSE: TDOC)
Teladoc, the first and largest telemedicine platform in the United States, is a dominant player in the rapidly growing healthcare sector. Langford says the company presents a disruptive and time-efficient healthcare delivery model. Users can log in and see a doctor in about 10 minutes. Her ROI for clinicians on the platform was 5 to 1 for him. The platform records millions of users per year with a very high level of satisfaction. Due to the need for convenient and cost-effective healthcare, Teladoc’s annual growth rate is expected to be around 30% for at least the next five years.
Skyworks Solutions (Nasdaq: SWKS)
Skyworks Solutions, a semiconductor company that designs and manufactures chips for smartphones, was Langford’s technology choice. His 40% of the company’s revenue comes from Apple devices, cellular infrastructure, broadband his network, the automotive industry, and more. Skyworks solutions offer many opportunities for long-term growth potential. The chip is essential for 4G mobile services and his imminent rollout of 5G. Additionally, the company’s chips are integral to smart technology (smart cars, in-home smart devices, and other connected/Internet of Things devices), enabling connectivity to WiFi, Bluetooth, and routers, just to name a few. to The stock is very cheap compared to the company’s growth rate.
Amazon (Nasdaq: AMZN)
The nation’s largest online retailer makes news and grabs retail headlines.But Langford said one of the most exciting aspects of Amazon’s business in technology is its cloud computing platform. It states that it is one Amazon Web Services (AWS). As more and more companies move their computing and server needs to the cloud, businesses have strong growth potential even when the economy is sluggish.