We'll always keep you up to date on the best stocks to buy now. But sometimes the stocks we recommend are the best stocks to buy and hold forever - or at least hold for a very long time.
With that in mind, we're bringing you our Money Morning all-stars: picks we've brought you in the past that have already performed well and still have a lot of gains on the way.
Here's a peek:
- A company that brings technology to fleet management has delivered 100% gains for our readers, but is still making savvy moves to deliver more profits.
- Perhaps our experts' favorite tech giant isn't the one you'd expect, but it has jumped in front of the pack and is still growing its biggest business at a staggering rate.
- One of our experts called for our next pick to double in a year. It's halfway there now, so you can still grab it for the rest of the ride.
- We've also got a pick that is far from glamorous, but absolutely essential. Plus, it's been consistently trouncing the S&P 500 for half a decade.
- We'll close with a cannabis pick of ours that has soared - and then offer not one, not two, but three that are positioned to repeat the feat.
And now our latest list of best stocks to buy now...
Best Stocks to Buy Now, No. 5: This Company Brings Cutting-Edge Technology to Our Highways and 100% Profits to Your Portfolio
Our first pick is a Money Morning all-star going all the way back to April 2014, when Defense and Tech Specialist Michael Robinson first recommended it to readers.
Since then, the share price has more than doubled. But not before Michael doubled down on his recommendation in December 2017, handing newer readers a 20% gain in a little over a year.
We're talking about FleetCor Technologies Inc. (NYSE: FLT), an enterprise that proves every company is a tech company.
FleetCor has become one of the leading providers of fleet and fuel management for the trucking industry, as well as for all kinds of vehicles used in business and government agencies.
Those drivers spend millions of dollars on gas every day. Thanks to FleetCor, all those transactions are monitored efficiently, and the drivers can leave their wallets in the cab.
Whether it's filling up the tank or getting brakes fixed, FleetCor offers a virtual card service that will take care of the payments automatically.
That service is the result of the 2014 acquisition of Comdata for $3.45 billion, which brought in 20,000 new customers for FleetCor. Since then, the company has landed big contracts with Uber Technologies Inc. and BP Plc. (NYSE: BP). And it made a key acquisition in 2017 to enable business-to-business cross-border payments.
More recently, the company just acquired Oregon-based Nvoicepay for an undisclosed sum. That deal gives FleetCor a platform to automate accounts payable processing for its clients. Given its favorable cash flow - free cash flow was up 35% in 2018 - it's likely that we'll see more strategic acquisitions like this from FleetCor in the near future as it builds its competitive edge.
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Speaking of that edge, FleetCor beat earnings estimates in its most recent quarter, finishing the year with 23% growth in earnings per share (EPS).
The bottom line: This has already been a top performer for a lot of our readers. But there's still lots of room to run if you get in now.
Best Stocks to Buy Now, No. 4: Surprise! This Unheralded Tech Giant Is a Top Performer and the Leader of the Pack
Here's another that has proven a winner for Money Morning readers over and over again. It's been a favorite not just of Michael Robinson's, but of Chief Investment Strategist Keith Fitz-Gerald and Capital Wave Strategist Shah Gilani.
We're talking about a tech conglomerate that's benefiting from some of the biggest investing trends in recent history, from cloud computing to legal cannabis.
In March of last year, Keith came out and said this pick could be the first American tech giant to be worth $1 trillion.
Well, Apple Inc. (NASDAQ: AAPL) reached that mark last summer - but it didn't last long. So it still remains to be seen which company can reach the trillion-dollar mark and stay there.
And don't look now, but Keith's pick has taken over the lead...
About the Author
Stephen Mack has been writing about economics and finance since 2011. He contributed material for the best-selling books Aftershock and The Aftershock Investor. He lives in Baltimore, Maryland.