In a bull market, it’s easy to identify some of the best stocks to make money fast. This task becomes challenging during bear markets or uncertain market conditions. There are, however, short-term money-making opportunities in the latter situations.
As an example,Coinbase(NASDAQ:COIN) has surged by 54% in the last month. Similarly,Coupang(NYSE:CPNG) stock has rallied by 13% during this period, and there are dozens of other stocks that have surged in the last few weeks.
Although concerns about the economy are still high, the markets will continue to present some quick money-making opportunities for investors.
Therefore, I recommend that investors remain overweight blue-chip stocks. However, they should allocate 20% to 30% of their portfolios to buying some of the best stocks to make money fast. The top names within that category are usually non-speculative growth stocks.
Sea Limited (SE)
After flying high for most of 2021,Sea Limited(NASDAQ:SE) stock plunged tremendously. Growth concerns and the rapid cash burn of its e-commerce unit contributed to the big correction. It finally seems that SE stock has bottomed out. Even after a rally of 24% in the last one-month, the stock seems attractively valued.
One point to note is that Sea Limited has a presence in high-growth Southeast Asian markets. Meanwhile, the top-line growth of its e-commerce unit is likely to remain robust, and its EBITDA margin probably improved in Q2. Propelled by Sea’s cost cutting, SE stock should trend higher.
Sea Limited reported cash and short-term investments of $8.8 billion as of the end of Q1, giving it the ability to invest aggressively in new markets like Brazil. The company’s entry into Latin America is also likely to be a long-term growth catalyst.
Currently, 31 analysts have a 12-month forwardmedian price target of $120on SE stock, versus its current price of $87.65
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