Best stocks to buy for the week ending June 13, 2014: Each week our Money Morning experts dish out the latest profit plays and asset-protection moves for our Money Morning Members - all for free.
Last week, Money Morning's best stocks to buy included five biotech picks. Four of them are blazing trails in immuno-oncology - a new category of drugs that draft the body's own immune cells to target multiple cancer types. The market potential here is so huge - as much as $35 billion - that it may be the biotech sector's version of a California Gold Rush.
Our fifth biotech pick has already tripled in value in the last six months, and it's not done yet. Another catalyst is about to send its shares soaring in mid-July, and you'll want to get in before the boom.
Aside from these biotech winners, we covered an exchange-traded fund (ETF) play on the European Central Bank's recent policy changes, the best stock in "unified computing," and a smart gold buy that's trading at a discount.
Here's the full list of our best stocks to buy now...
Money Morning's Best Stocks to Buy Now (Update)
The American Society of Clinical Oncology (ASCO) meets every spring. The event is attended by some 30,000 people and hosts 4,000 presentations. Investors love ASCO because of the so-called "ASCO Effect" - a surge in cancer-focused biotech stocks that always accompanies the start of this meeting. This year's meeting turned Money Morning Executive Editor William Patalon III on to an important new trend - one that's shaping up as the next big profit opportunity in biotech. It's an emerging field called immuno-oncology, and on Thursday, Patalon highlighted four biotech firms he expects will lead the pack...
The European Union has been plagued with years of falling inflation and stubbornly high unemployment. And now its central bank is attempting to employ "unconventional" policies to kick-start the economy. Using tactics never tried before, the European Central Bank has just entered uncharted waters. But Money Morning Resource Specialist Peter Krauth noted that if we look at the history, we can see the perfect opportunity to profit. He recommended this ETF - it's up 8.95% year to date and recently set a new all-time high...
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Unified computing is a system in which all the computers, software, handhelds, and other devices in a given network communicate seamlessly with each other. The corporate world got into the act back in 2009, when Cisco Systems Inc. (Nasdaq: CSCO) announced its very own Unified Computing System. And the Pentagon has also made a huge push for unified computing. It's working to have ground computers connect to satellites that coordinate soldiers' night vision goggles with fighter jets and combat ships. Last week, Money Morning Defense & Tech Specialist Michael A. Robinson told readers he sees a "king" among the companies working toward unified computing - he believes that within three years, its stock will rise to $1,000 a share on a split-adjusted basis.
Usually the best stocks to buy have not already tripled in value within the past six months. But this biotech has attracted a lot of attention this year because of its innovating and promising new drug. In trials, the drug has proven effective in treating patients suffering from a liver disease that causes inflammation and scarring and can lead to cirrhosis, liver failure, and death. Despite its already-surging stock value, analysts remain extraordinarily bullish, with a consensus price of $558.33 and a high target of $693 - more than double the current price. The next catalyst for the stock will arrive in mid-July - so the time to get in on this stock is now...
Gold's late-May decline to its lowest levels in four months could mean now is the time to buy shares in this ETF. Bought by the likes of world-renowned hedge fund managers like George Soros and John Paulson, the fund has gone up 179.18% since its 2004 inception, despite a 27% drop in 2013 (gold's worst year since 1981). And since it's down more than 7% since mid-March, investors can buy now at a discount.
Bonus investment research: Making sure your money is in the right type of account is as important as making the right stock picks. When you get this right, you can enjoy an additional 10% to 20% advantage over those who don't. That's why Money Morning Chief Investment Strategist Keith Fitz-Gerald explained how to ensure that your investments are in the right accounts - so that you can maximize your returns immediately, and for years to come.