Top NasdaqGS Stocks To Buy
Key fundamentals every investor should consider when researching a potential investment are its future prospect, its track record, its financial health, its value for money, and its cash flow to shareholders. Below is a compilation of stocks which provide investors with two or more favourable aspects, making them popular investments .
Universal Forest Products, Inc. (NASDAQ:UFPI)
Universal Forest Products, Inc., through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. Started in 1955, and now led by CEO Matthew Missad, the company provides employment to 10,000 people and with the stock’s market cap sitting at USD $2.36B, it comes under the mid-cap stocks category.
UFPI’s strong 8.20% returns in the past year, exceeding its building peers’ growth of 7.41% gives us more conviction of the company’s capacity to drive bottom-line growth going forward. Furthermore, UFPI has sufficient cash and investments to meet its upcoming liabilities, and its total debt is well-covered by its cash flows, which indicates its strong financial position. Dig deeper into Universal Forest Products here.
CenterState Bank Corporation (NASDAQ:CSFL)
CenterState Bank Corporation operates as the holding company for CenterState Bank, N.A. Formed in 1989, and now led by CEO John Corbett, the company size now stands at 1,200 people and with the stock’s market cap sitting at USD $2.62B, it comes under the mid-cap category.
Moreover, CSFL’s asset-to-equity ratio of 6.82x indicates a solid equity position, with an appropriate level of leverage for a financial company. Interested in CenterState Bank? Find out more here.
Special Opportunities Fund, Inc. (NYSE:SPE)
Special Opportunities Fund, Inc. is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. Special Opportunities Fund was started in 1993 and with the company’s market capitalisation at USD $128.86M, we can put it in the small-cap category.
SPE has ample cash coverage over its short term liabilities, and the business has no debt on its books, which indicates its strong financial position. SPE is currently trading below its true value in terms of its discounted cash flows, and its relative PE ratio compared to its industry, so potential investors can purchase the stock below its value. In addition, SPE’s consistent dividend payout, which has grown over a long period of time, makes it one of the best dividend companies in the market. Interested in Special Opportunities Fund? Find out more here.
For more fundamentally-robust companies with industry-beating characteristics to enhance your portfolio, explore this interactive list of big green snowflake stocks.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
