10 Best Places To Invest Money Right Now In October 2022

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10 Best Places To Invest Money Right Now In October 2022

10 Best Places To Invest Money Right Now In October 2022

When everybody understands that investing in the stock market can be dangerous, there are times when it is worthwhile, especially if you know where to place your money.

To help you make informed decisions when the next big bull run hits, we’ve gathered 10 of the best places to invest money in October 2022 and identified how they would benefit your portfolio in the next few years. 

Below are ten places to invest money right now in October 2022.

1) Taiwan Semiconductor Mfg. Co., Ltd. (NYSE: TSM)

Taiwan Semiconductor Mfg. Co., Ltd. is the world’s largest dedicated semiconductor foundry and one of the leading fabless semiconductor companies.

The company offers a comprehensive portfolio of advanced process technologies, including 40nm, 28nm, 16nm/14nm, and 10nm.

Taiwan Semiconductor has seen its stock price increase by more than 50% this year, making it one of the best-performing stocks in the market.

And with a strong growth outlook for the semiconductor industry, Taiwan Semiconductor is a top pick for investors looking to profit from the sector’s long-term growth.

Pros Explanation

  • Established in 1987, Taiwan Semiconductor Mfg. Co., Ltd. (TSMC) is the world’s largest dedicated semiconductor foundry and a leading provider of foundry services.
  • TSMC operates two advanced 12-inch wafer fabs, four 8-inch wafer fabs, and one 6-inch wafer fab.
  • The company has a customer base that includes some of the world’s most well-known semiconductor companies.
  • TSMC offers a comprehensive set of IC design enablement tools and technologies to help customers accelerate their product development.
  • The company also provides R&D support, design services, and IP licensing to help customers accelerate their time to market.

2) Adidas AG (NASDAQ: ADDYY)

Adidas AG is a global athletic footwear and apparel company. The company offers a wide range of products, including shoes, clothing, and accessories for men, women, and children.

Adidas AG has a strong presence in the global market, with over 19,000 stores in more than 160 countries.

This company’s value has recently risen about 50% since the beginning of the year.

Adidas AG is an excellent choice for investors looking for exposure to the global economy.

Pros Explanation

  • Adidas AG is a global athletic footwear and apparel company that designs, develops, and markets products under the Adidas, Reebok, and TaylorMade brands.
  • The company operates in Western Europe, North America, and Greater China.
  • Adidas AG was founded in 1924 and is headquartered in Herzogenaurach, Germany.
  • As of December 31, 2016, the company employed 59,533 people worldwide.
  • On March 15, 2017, Adidas AG acquired Runtastic GmbH for €220 million.
  • Runtastic is a leading digital health and fitness company with over 145 million app downloads and over 80 million registered users.

3) Applied Materials, Inc. (NASDAQ: AMAT)

Applied Materials, Inc. is a world leader in supplying manufacturing equipment, services, and software to the semiconductor, flat panel display, and solar photovoltaic industries.

The company has more than 50,000 employees worldwide and operates in more than 30 countries.

More importantly, its international operations accounted for 38% of total revenue in 2017.

Based on that figure alone, it’s safe to say this multinational is a good choice for investors looking for exposure abroad.

Pros Explanation

  • AMAT is a world leader in materials engineering solutions for the semiconductor, flat panel display, and solar photovoltaic (PV) industries.
  • The company’s products, services, and technologies are used to manufacture nearly every new chip and advanced display worldwide.
  • AMAT’s diversified customer base includes all major semiconductor manufacturers, foundries, and fabless companies.
  • The company’s products are also used in various other industries, including solar, LED lighting, data storage, and aerospace & defense.
  • AMAT has a solid financial position with a profitability and cash generation history.

4) Qualcomm, Inc. (NASDAQ: QCOM)

Qualcomm is one of the world’s leading semiconductor companies and is at the forefront of 5G technology.

The company’s chips are used in various devices, including smartphones, tablets, and laptops. Qualcomm is also a significant player in the Internet of Things (IoT) market.

The company’s products are used in various automotive, healthcare, and industrial applications.

5G is expected to be a significant growth driver for Qualcomm over the next few years. This business is ideally positioned to gain from the ongoing global development of 5G networks.

Pros Explanation

  • Qualcomm, Inc. (NASDAQ: QCOM) is a world leader in 3G, 4G, and next-generation wireless technologies.
  • Some of the world’s largest mobile operators, equipment manufacturers, and semiconductors use the company’s products and services.
  • Qualcomm has a strong history of innovation and is one of the most prolific patent holders in the mobile communications industry.
  • The company’s products are used in various devices, including smartphones, tablets, laptops, cars, and drones.
  • Qualcomm is headquartered in San Diego, California, and employs approximately 31,000 people worldwide.

5) Energizer Holdings, Inc. (NYSE: ENR)

Energizer Holdings, Inc. is a global maker of batteries and portable lighting devices.

The company has a long history of paying dividends and currently yields 3.3%. Energizer’s share price has been volatile in recent years, but the company’s fundamentals remain strong.

Analysts expect earnings to grow at an annualized rate of 11% over the next five years.

While trading at 18 times forward earnings, this stock could be attractive for investors looking for income with growth potential.

Pros Explanation

  • Energizer Holdings, Inc. (NYSE: ENR) is a consumer products company dating back to 1887.
  • The company’s product portfolio includes batteries, lighting, and other personal care products.
  • Energizer’s products are sold under the Energizer, Eveready, and Playtex brands.
  • The company has a diversified business model with operations in North America, Europe, Asia Pacific, and Latin America.
  • Energizer has a strong market position and is one of the leading battery manufacturers in the world.
  • The company’s shares trade at a reasonable valuation and offer an attractive dividend yield of 3%.

6) Adobe Systems, Incorporated (NASDAQ: ADBE)

Adobe Systems Incorporated would be a global computer software firm located in the United States.

With over 23,000 people worldwide, the corporation is based in San Jose, California.

Adobe’s primary business is creating content creation, marketing, and web development software.

Its products include Creative Cloud, Photoshop, Illustrator, InDesign, Dreamweaver, Animate, Premiere Pro, After Effects, and Adobe XD.

Several factors make ADBE a good investment. First, the company continues to increase with many new services, such as Create on Demand, Create Now Live, and its partnership with Microsoft Azure.

Second, ADBE’s market share position remains firm in traditional markets like graphic design and creative desktop publishing (i.e., printing layouts).

Thirdly, its growth strategies should lead to future solid earnings per share growth potential as the company transitions from low-growth markets (desktop publishing) into high-growth markets (digital media).

Pros Explanation

  • Adobe System, Incorporated (NASDAQ: ADBE) is a publicly-traded company with over $100 billion in market capitalization.
  • A stock of the company has been on a rampage in recent years, rising about 50% since October 2020.
  • Adobe is a leading software provider for creative professionals, including its flagship Creative Suite products.
  • The company has a solid digital marketing and analytics presence with its Marketing Cloud and Adobe Analytics products.
  • In addition, Adobe offers several cloud-based services, such as Adobe Document Cloud and Adobe Creative Cloud.

7) Fastenal Company (NASDAQ: FAST)

If you’re looking for a top stock to buy right now, you can’t go wrong with Fastenal Company.

The Minnesota-based company is a leading distributor of industrial and construction supplies and has an impressive track record of growth.

Fastenal’s sales have increased by more than 50% in the past five years, and its earnings have more than doubled.

With its solid fundamentals and growth prospects, Fastenal is an outstanding buy long-term stock.

Pros Explanation

  • Fastenal Company is engaged in the wholesale distribution of industrial and construction supplies.
  • It offers its customers various fastener products, tools, and other industrial and construction supplies.
  • The company operates through three segments: Original Equipment Manufacturers (OEM), Maintenance, Repair and Operations (MRO), and Construction.
  • These segments offer a wide range of product categories, including bolts, nuts, and screws; power tools; hand tools; welding equipment; safety products.

Consumables include:

  1. Adhesives, cleaners, and solvents.
  2. Automotive parts such as lubricants, oils, and filters for light-duty vehicles.
  3. Heavy-duty trucks or diesel engines for heavy machinery.
  • Flooring materials such as vinyl sheets or carpeting are used for commercial or residential purposes.

8) Micron Technology, Inc. (NASDAQ: MU)

Micron Technology is one of the leading manufacturers of DRAM chips, and demand for DRAM is expected to continue growing in the next few years.

The company has also been investing in new technologies, such as 3D NAND, which should help it stay ahead of the competition.

Micron’s shares have been on a tear this year, and analysts expect the company to continue to perform well in the future.

However, there are risks, too: if prices on DRAM chips fall sharply, Micron could see its profits decline.

Still, most investors seem confident that those price declines won’t happen soon.

If you’re willing to risk your investments, then MU might be worth considering for your portfolio.

Pros Explanation

  • Micron Technology, Inc. is one of the world’s leading computer memory and data storage manufacturers.
  • The company offers a wide range of DRAM, NAND, and NOR Flash memory products for PCs, servers, notebooks, smartphones, and other consumer and industrial applications.
  • Micron’s products are used in some of the world’s most advanced computing, networking, and consumer electronics devices.
  • The company has a strong reputation for quality and reliability. It is committed to providing innovative memory solutions that enable customers to accelerate their businesses. Micron is headquartered in Boise, Idaho, USA.

9) Apollo Commercial Real Estate Finance, Inc. (NASDAQ: ARIQ)

Apollo Commercial Real Estate Finance, Inc. is a New York-based real estate investment trust that primarily originates and acquires.

Invests in and manages first mortgage loans, subordinate financings, and other commercial real estate-related debt investments.

The company has a market capitalization of $1.3 billion and an investment portfolio of $11.6 billion as of June 30, 2019.

Apollo Commercial Real Estate Finance is externally managed by ACREFI Management, LLC, an Apollo Global Management, LLC affiliate.

Apollo’s IPO on December 20, 2018, was the largest honest estate-related company IPO since the Great Recession, with $1.8 billion raised at the offering price range of $22-$24 per share.

Pros Explanation

  • Apollo Commercial Real Estate Finance, Inc. (NASDAQ: ARIQ) is a real estate investment trust that primarily originates and acquires.
  • Invests in and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments.
  • The company has a market cap of $825.7 million and an enterprise value of $974.6 million.
  • As of September 30, 2020, Apollo Commercial Real Estate Finance had $13.1 billion of total assets and $8.4 billion of total equity.
  • The company’s investment portfolio includes first mortgage loans, subordinate financings, mezzanine loans, and other real estate-related investments.

10) United Rentals, Inc. (NYSE: URI)

When finding the best places to invest your money, you need to look for companies that are doing well and have a solid future.

United Rentals, Inc. is an excellent example of such a company.

It is the largest equipment rental company in the world, with over 1,100 locations worldwide.

The company has been growing steadily, and its stock price has more than doubled in the past five years.

In addition, United Rentals has a strong balance sheet and generates a lot of cash flow, allowing it to pay dividends and buy back shares.

Pros Explanation

  • United Rentals, Inc. (NYSE: URI) is the world’s largest equipment rental company, with an integrated network of over 1,100 locations across North America.
  • The company offers a wide variety of equipment for rent, including construction and industrial equipment, tools, trucks, and trailers.
  • United Rentals strongly focuses on safety and training, with a comprehensive safety program that includes online training and on-site orientation for new employees.
  • The company is committed to environmental sustainability and has been recognized by the EPA for its efforts to reduce emissions and conserve energy.
  • United Rentals is a publicly traded company with over $14 billion market capitalization.

Final Remarks

Overall, the stock market is a great place to invest your money. However, some specific sectors and industries may be better suited for investment than others at any given time.

In October of 2022, these ten sectors and industries look like they will offer the best return on investment.