Rich’s Top 10 Best Stocks to Buy or Watch in May 2020

10 best stocks to buy

At the beginning of every month, Rich profiles the 10 best stocks to buy or watch for the next 30-or-so days. His list for March predicted several of the biggest winners, and his April list turned out to be his most successful one yet.

Today, at long last, Rich is unveiling his top 10 list for May 2020. While last month’s picks were on fire, he predicts this month’s stocks will be even hotter.

“We’re consistently going in a winning direction,” Rich says. ‘We’re investing in the big boys. What you’re going to see on this list is oil stocks, gold stocks, and vaccine companies. I believe this is the time to get into all three of those sectors.”

#10 Best Stocks to Buy or Watch in May: Sunoco LP (NYSE:SUN)

Sunoco is a master limited partnership that distributes motor fuel to approximately 10,000 locations. Its customers include convenience stores, independent dealers, and commercial distributors in more than 30 states. The company is also involved in refined product transportation and terminaling related assets.

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“Obviously these guys took a pounding, like the rest of the oil sector,” says Rich. “But we’re beginning to see a green candle, which represents their comeback from the devastation.”

From late February to mid-March—basically the nadir of the oil price war—SUN fell nearly $20.00 or about 61.5% from its value. Since then, however, the stock has steadily climbed its way back near to the price it fell from. SUN shares are currently trading at $24.75, and according to MarketBeat, most analysts recommend a “buy” rating.

Zack’s Equity Research calls Sunoco “an inspired choice for value investors” based primarily on its solid Price to Earnings and Price to Sales Ratios.

#9 Best Stocks to Buy or Watch in May: Suncor Energy Inc. (NYSE:SU)

Suncor Energy is the leading integrated energy company in Canada. Its operations include oil sands development and upgrading, offshore oil and gas production, and petroleum refining. The company is also involved in product marketing under the Petro-Canada brand.

“Like SUN, these guys have already had a huge move up from its low point, which was March 31,” explains Rich. “So in a month they’ve already doubled. I believe there’s a huge upside here for Suncor.”

The company will publish its first-quarter 2020 financial report on May 5. Zack’s predicts SU will report a quarterly loss of $0.19 per share on revenues of $8.5 billion. While that may seem like a bearish outlook, it represents minimal losses compared to many of SU’s competitors.

#8 Best Stocks to Buy or Watch in May: Exxon Mobil Corporation (NYSE:XOM)

ExxonMobil is one of the largest publicly traded energy companies in the world. It holds an industry-leading inventory of resources and is one of the largest refiners and marketers of petroleum products.

“Because they’ve been hit so hard recently, I believe there huge opportunities in oil companies,” says Rich. “That’s especially true for guys like Exxon, who I predict will go much higher.”

The company will release its next financial earnings report tomorrow. Already, analysts are bullish on the report as Exxon previously announced it will maintain its quarterly dividend. After plunging 53% from the start of the year through mid-March, XON has rallied 46.7%. According to MarketBeat, the stock’s consensus price target is $55.23, which represents an 18.87% upside from its current price of $46.45.

#7-1 Best Stocks to Buy or Watch in May…

Check out the video for the rest of Rich’s list. Also, don’t forget to do your own research into any of these stocks before buying. And keep watching RichTV Live for more great lists and articles about today’s hottest stock trends.

Featured image: DepositPhotos © iqoncept

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