Saving money can be a tricky business, and to make matters even more daunting, there are so many ways to go about tucking funds away for a rainy day. Investing in stocks is a great way to do exactly that, allowing people to save for a vacation, a child’s college education, or even retirement. According to Virendra Singh Chauhan of the financial analytic company Amigobulls, there is more to investment than simply picking stock and handing over the money for the shares purchased. Knowing which companies will provide the safest options and the best returns is key to good investing. Here are some of the top choices for investing this year.
Google Inc (GOOG)
Tech titan Google has left its mark on the world of Internet technology. The most-used portal to browsing the web, it stands as the guardian to the access of digital information. Named one of the best stocks for 2015 by Kiplinger Magazine’s investment editor James K. Glassman, after a disappointing performance in 2014, Google is poised to rebound to new heights.
Ambarella Inc, (AMBA)
Another technology stock, Ambarella is up nearly 60% since 2014. Founded in 2004, it is a leading developer of high-definition (and low-power) compression software and image processing chips. Much of their technology is vital in the creation of new HD and Ultra HD camera technology. Their visual solutions are being used in everything from security cameras to drones, high-speed sports cameras to personally worn recording devices.
Apple Inc. (AAPL)
2014 was an impressive year for the technology sector, and none reaped the benefits to quite the same extremes as Apple. Expected to soar in 2015, investors are also predicting a nice dividend yield partially thanks to smart buybacks and a decent shareholder return. According to Louis Navellier of Blue Chill Growth, 2015 is promising to be the year of the stock buyback thanks to rock-bottom interest rates.
AMB Industries, Inc. (ABM)
Currently perceived as an under-preforming stock, AMB Industries, Inc. (formally known as the American Building Maintenance Industries) provides maintenance and janitorial work for commercial and industrial businesses. While it’s not as “sexy” as some of the popular tech stocks, earnings have been at a steady rise since 2010.
Rave Restaurant Group (RAVE)
One of the most anticipated stocks of 2015, Rave Restaurant Group has built an incredible momentum on the market. According to Rick Rouse, Editor of Momentum Stocks Weekly, this stock (along with its recent name-change to ‘Pizza Inn’) is off to an incredible start and has shown it can stand its own among the big boys. Pie Five, Rave’s current all-star franchise is poised to take the country by storm with it’s fresh, and fast pizza concept.
Prospect Capital Corporation (PSEC)
In the running for the title of “Best Stock of 2015,” Prospect Capital Corporation is making fast gains as they catch up from a brief struggle within the first quarter. Still posting gains, Prospect Capital is still beating the current S&P 500, and appears to be a very firm contender.
Old Dominion Freight Line (ODFL)
A tried and true favorite, Old Dominion has proven that a solid foundation and a track record of return counts for more in market confidence than the flash of something new and still shiny. With the recent shift of oil prices, this less-than-truck-load carrier which provides shipping services across the U.S., continues to chug along nicely at a predictable (and growing) pace.
iShares U.S. Oil Equipment & Services ETF (IEZ)
Despite current crude oil fluctuations, exploration equipment and services associated with the oil industry are not as waning. As expectations for energy services return to levels seen before the financial crisis, the sector has continued to see a pattern of growth. The global reliance on oil, and the equipment required to fill that need, has meant a strong showing for iShares, and those like it.
Noble Corp (NE)
This energy stock, while delivering a poor first quarter performance is expected to experience a resurgence, much to the delight of patient investors, or those who were able to gobble up shares while they were cheaper. Although oil prices are falling, the industry will look to current leaders as stand-out platforms. That means that unlike many of the shale companies, Noble Corp wasn’t affected by the overburden of windfall which wounded the oil stocks.
Yahoo! Inc. (YHOO)
Another technology stock with a solid foundation and considerable time in the market when compared to others, Yahoo is set in a really strong position as the stock to look for in 2015. Many investors are excited about this large-cap tech firm as they plan their strategy around a connection to the stand-out Alibaba (BABA).