Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
The Best 5G Stocks to Buy While Markets Are Still Down
https://moneymorning.com/?p=1137840
Required Please enter the correct value.
Twitter
Stocks: NOK, SJR, VZ

The Best 5G Stocks to Buy While Markets Are Still Down

By Mike Stenger, Associate Editor, Money Morning • April 7, 2020

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

The 5G industry is projected to be worth $5.5 billion by the end of this year. By 2026, it could grow to $667 billion, an astonishing 12,000% gain.

Coronavirus or not, this is an incredible investing opportunity.

If you want a piece of this enormous growth market, we're going to show you the best 5G stocks to buy today.

This kind of growth isn't so farfetched when you consider how the industry is set to consume the globe over the next decade.

5G networks are the next evolution of wireless connection. This isn't just an upgrade; it's revolutionary. The speed of 5G is expected to be around 100 times faster than 4G.

In fact, one of our top 5G stocks just got a catalyst in that direction.

Verizon was among the first U.S. companies to roll out its 5G network in the United States. But the coronavirus crash knocked the price down a few notches along with the broader market.

That hasn't stopped analysts from seeing the 5G rollout giving Verizon a push.

Goldman Sachs Group Inc. (NYSE: GS) recently upgraded Verizon Communications Inc. (NYSE: VZ) stock to a "conviction buy" despite the ongoing coronavirus crisis.

That's a great sign for the whole 5G sector. Despite the brief downturn, these companies are going to be in major demand.

While Verizon is a nice buy and hold with its 4.6% dividend yield, we have three even more explosive 5G stocks for you...

Best 5G Stocks to Buy, No. 3: Shaw Communications

Shaw Communications Inc. (NYSE: SJR) is a Canadian communications company. It targets more than 18 million Canadians in its network.

With only about a 4% share in the Canadian wireless market, this stock is still an underdog. But the 5G rollout over the next year is a huge boon for this company.

It's been making swift progress on its 5G network. Just 18 months ago, Shaw completed its first 5G technical trials.

Shaw's financials are strong. This company delivered more than $600 million to investors in dividends last year. It also reported more than $500 million in free cash flow, which was 41% growth over the year before. The 2020 projection for free cash flow is $700.

Get Your Buy List Ready: COVID-19 has crushed markets, but stocks will bounce higher. This is a once-in-a-lifetime chance to get into great companies at historically low prices, so put these stocks on your buy list now...

The company is putting its money to good use all over Canada. It recently purchased frequency in British Columbia and Southern Ontario. This means it's poised for first mover advantage on 5G in Canada.

In fact, IDC Canada Communications Research Vice President Lawrence Surtees predicts it could beat Canadian telecom rivals Bell, Rogers, and Telus - which together control 90% of the Canadian telecom market - in delivering "unlimited" data through 5G.

You can buy shares today for $16.49. But analysts give it a target of $26.76. That's 62% profit potential.

Not quite as much as our next stock, however. Here's an 88% growth stock.

Best 5G Stocks to Buy, No. 2: Nokia

Nokia Corp. (NYSE: NOK) was poised to be one of the most exciting growth stocks in the 5G rollout last year.

Unfortunately, the 5G rollout was slower than planned, and the coronavirus market crash brought Nokia stock down to a low of $2.42, a loss of 60% year to date. But it's climbed to $3.24 now, and it's expected to go higher as 5G continues to expand.

We already know that telecom buildout is essential even in the coronavirus lockdown. That means there's little stopping the expansion of 5G, even in a pandemic.

What's more, there's been a lot more smart money behind Nokia in the last year.

Hedge fund holdings of Nokia soared by over 21 million shares in the last quarter of 2019 - $28.57 million in shares went to Capital Growth Management, and $12.06 million to Southeastern Asset Management.

Nokia continues to make phones and offer 5G services. In fact, it's among the world's biggest vendors competing for patents on 5G technology. It boasts to have registered for more than 3,000 patents and invested nearly $5 billion in 5G research and development last year.

The company is currently working with Sprint Corp. (NYSE: S) to boost network capacity. Sprint has actually delivered a software upgrade through Nokia's AirScale Radio Access solution.

The solution boosts 5G networks with intelligent analytics and automation. It's the first of its kind, and we're still yet to see how far it can take Nokia stock.

Analysts give Nokia a price target of $6, which is 88% profit potential from today's $3.19.

But this next 5G stock could more than double your money...

Best 5G Stocks to Buy, No. 1

Join the conversation. Click here to jump to comments…

Mike StengerMike Stenger

About the Author

Browse Mike's articles | View Mike's research services

Mike Stenger, Associate Editor forĀ Money MorningĀ at Money Map Press,Ā graduated from the Perdue School of Business at Salisbury University. He has combined his degree in Economics with an interest in emerging technologies by finding where tech and finance overlap. Today, he studies the cybersecurity sector, AI, streaming, and the Cloud.

… Read full bio

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

Ā© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz