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When hunting for stocks to buy now, it's important to remember that just because a stock has enjoyed strong gains doesn't mean it's "too late" to add it to your portfolio.
Think about a marquee stock to buy like Apple Inc. (Nasdaq: AAPL). In its first 10 years, AAPL stock rose 150% – not bad. But those who hung on for two more years (to December 1992) saw gains of 250%.
In the past decade, Apple has rewarded patience time and again.
Those who bought AAPL in 2006 doubled their money in a year, but those who hung on until 2012 saw gains of more than 600%.
Knowing which high-flying stocks to buy will keep running is a skill not often found among stock pickers, but it's one that sets Money Morning Executive Editor William Patalon, III, apart.
In his five-year-old Private Briefing service, Patalon has not only recommended dozens of winning stocks to buy, he has re-recommended many of them to new subscribers who were able to pick up gains themselves as the shares continued to move higher.
And his very first pick has turned out to be one of his best investments…
This Biotech Is One of Private Briefing's Favorite Stocks to Buy
Bill Patalon's initial stock pick was Galapagos NV (Nasdaq ADR: GLPG), a Belgian biotech company.
Patalon was attracted to Galapagos' strategy to target "orphan diseases," afflictions that strike rarely and so often go ignored by the Big Pharma companies. He also liked that Galapagos had more than 50 drug discovery programs underway, and that it already had licensing agreements with several bigger players in the industry.
When Patalon first recommended GLPG stock in August 2011, shares were trading at just $8.60. By September of the next year, the stock had more than doubled.
But rather than quit on the stock, Patalon recognized it had the potential to go much higher and re-recommended it. GLPG rose another 40% over the next seven months.
Even when Galapagos traded sideways through most of 2013 and slumped in 2014, Patalon stuck with it. He knew the biotech had the potential to break out. And break out it did.
In March 2015, he was making the case for Galapagos again – just in time for his loyal Private Briefing readers to reap big gains again. From the time of that March recommendation — when GLPG was trading at $24.02 — to the end of the year, the stock zoomed to $62.88. That's a gain of 162% in less than nine months.
In fact, Patalon has re-recommended Galapagos more than a dozen times.
Earlier this month, Bill Patalon was writing about Galapagos yet again. He's convinced that even now, with GLPG stock up about 650% from where he first recommended it, that shares can go higher.
Based on yet another promising new drug in development, Patalon thinks GLPG stock has a good chance to reach $89 in the next year or so – a 39% gain from the current price of about $64.
But Patalon's success with Galapagos is hardly unusual. Since the launch of the Private Briefing service in 2011, he's shown an uncanny ability to identify stocks to buy that can deliver big gains many times over.
The full list of his picks is reserved for Private Briefing subscribers, but we're sharing two of his top stocks to buy with you today. He recently re-recommended both to his readers – who have already seen gains of 131% and 325%.
Two More Stocks to Buy Now with Plenty of Room to Run
About the Author
Dave has been a journalist for more than 35 years, including 18 spent at The Baltimore Sun. He has worked as a writer, editor, and page designer at different times in his career. He's interviewed a number of well-known personalities - ranging from punk rock icon Joey Ramone to Apple Inc. co-founder Steve Wozniak.
Over the course of his journalistic career, Dave has covered many diverse subjects. Since arriving at Money Morning in 2011, he has focused primarily on technology. He's an expert on both Apple and cryptocurrencies. He started writing about Apple for The Sun in the mid-1990s, and had an Apple blog on The Sun's web site from 2007-2009. Dave's been writing about Bitcoin since 2011 - long before most people had even heard of it. He even mined it for a short time.
Dave has a BA in English and Mass Communications from Loyola University Maryland.
Where do I find your first time buys? I have learned from the past that chasing stocks up is a losing game. I want to follow you because your research shows you have done a good job so help me to locate first time hunches and X's etc. I have lost too much money in 2016. I want to make up for it in 2017. Most of my money is in precious metals. PLG RGLD GGTCF GLDLF etc etc but I bought VUZI and Kratos Security both are down at the moment…I will hold for a 10% loss. HELP!!!