It is not unusual that in the middle of the year you notice profit opportunities you missed on exciting short-term stocks; June is a good time to look at them ahead of earnings in July.
Where Can I Buy Short-Term Stocks in June 2021?
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Which Short Terms Stocks to Buy in June 2021?
1. Salesforce.com (NYSE:CRM)
Salesforce.com is the world’s largest cloud customer relationship management software provider. Late last year, CRM announced the acquisition of cloud-based enterprise communications platform Slack Technologies for $27.7 billion. Investors will be looking at the potential synergies that could emerge from this acquisition. Salesforce expects to close the acquisition during this quarter, which ends on 31st July. Once that announcement is made, CRM shares could rally significantly.
2. Amazon.com (NASDAQ:AMZN)
Amazon shares have pulled back nearly 8% since the start of May. Some will deem this to be a weakness, but those who follow the stock well will know that it could be an opportunity to buy. The Amazon Web Services (AWS) unit has become its cash cow (main cash flow generator) contributing half of its operating cash flows. The company’s cloud business is growing rapidly and with its next quarterly results coming on 29th July, AMZN could be one of the best short-term stocks to buy now.
3. Bloom Energy (NYSE:BE)
Bloom Energy is a fuel cell energy company looking to disrupt the electric generation market by transitioning into 100% hydrogen fuel. Solid-state hydrogen fuel cells are seen as the future of energy storage. Shares of the company gained nearly 200% between June last year and February this year. But BE stock has since pulled back nearly 40% creating another entry opportunity. The next earnings date is on 27th July. This could spark another rally.
4. Walt Disney (NYSE:DIS)
Walt Disney shares are up nearly 50% since October last year. This rally was primarily driven by the announcement of Covid vaccines, which promised a potential return to movie theatres. Last month, the Center for Disease Control and Prevention (CDC) said that those vaccinated were free to interact in public without wearing masks. Movie theatres have since continued to increase attendance capacities. Disney has a roster of movies lined up between now and the end of the year. The first of the big ones “Marvel’s Black Widow” will premiere in US theatres on 9th July. This could boost DIS share price significantly.
5. Visa (NYSE:V)
Visa is another stock set to benefit from the success of Covid vaccines. With travel now back in most parts of the world, people cannot wait to have a normal summer of traveling and spending. The stimulus checks will come in handy now. Visa is one of the exciting short-term stocks to buy because people will be using their credit and debit cards more this summer and beyond. The company has also embraced cryptocurrency payments. V stock recently hit a new all-time high of $237.50, but there is no stopping this rally.
6. Dropbox (NASDAQ:DBX)
Dropbox shares are up nearly 9% since the news broke that activist hedge fund Elliot Management had taken a huge stake (more than 10%) in the cloud storage company. Dropbox has been tipped as a potential acquisition for underperforming the market. But with an activist hedge fund taking a position in the stock, things could get more exciting. The current gains may be indicative of things to come. DBX may be one of the short-term stock investments you want to look at before it is too late.
7. American Airlines (NASDAQ:AAL)
The resumption of air travel in most parts of the world is a good thing for airline stocks. American Airlines is one of the most exciting short-term stock investments in the industry that could benefit this summer. AAL shares are up more than 60% this year fueled by the anticipation of a return to normalcy amid Covid vaccinations. The company will report earnings for the current quarter on 22nd July. This will be exciting since the summer began this quarter.
8. Delta Air Lines (NYSE:DAL)
Delta Air Lines is another airline stock that will benefit from the return of a summer that is nearer to what the world is used to. People are now traveling across the globe for the summer holidays. DAL stock has more upside potential given it has only gained 18% this year. Its forward 12-month price-earnings ratio (P/E) of 11.76 and PEG ratio of just 0.52 are exciting. The company’s next earnings date is expected on 14th July. The outlook is compelling and this makes DAL one of the best short-term stocks to buy now.
9. AngloGold Ashanti (NYSE:AU)
AngloGold shares gained more than 25% between 30th April and 19th May. AU stock has since pulled back more than 12%. The company reports its next earnings on 7th August and this could boost the AU share price. AngloGold could benefit from the growing US inflation fears. As more investors diversify investments to safe-haven assets like gold, AU stock will benefit. There are fears that current Federal Reserve taper (reduction in government asset purchases) talks could upset the economic condition.
10. HP (NYSE:HPQ)
HP shares are down more than 14% since 7th May. The computing devices manufacturer’s current pullback comes at the back of a massive bull-run that started in March last year. With Covid subsiding, investors appear to be fleeing the stock. However, HP’s top and bottom lines do not seem to be affected by the fact that the world is beginning to get the better of Covid-19. HP’s fiscal Q2, 2021 results easily outshone guidance after posting huge growths from the same period last year. HP shares will go ex-dividend on 9th June, which means that HPQ could be one of the most exciting short-term stocks to buy now.
Why Buy Short Term Stocks in June 2021?
Several companies report quarterly earnings for the three-month period ended June in July. In most cases, companies outperform earnings expectations, reveal progress in key projects, and provide guidance for the next quarter. Shares tend to spike significantly after earnings while some stocks begin rallies long before earnings are released. Other key events could trigger stock price gains.
To take full advantage of the potential short-term stocks that could rally after earnings, it is best to buy before the earnings are out. June is a good time to look at stocks that will release earnings in July. Therefore, if you are looking to bet on the best short-term stock investments, now could be a good time to take a look.
The Bottom Line
Short-term stocks are expected to pay off after a short time. In most cases, gains are triggered by an event like a product launch, an acquisition or merger, or most commonly earnings announcement. Since short-term stocks accumulate gains within a short period, it is important to take positions in advance.