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Stocks to buy now April 13, 2022

Today, April 13, 2022, Nasdaq is trading at $180.36 and the S&P500 at $4,425. The Dow Jones today trades at $34,381.

We have listed below the best stocks to buy now today.

Tractor Supply (NASDAQ: TSCO)

Tractor Supply TSCO Stock
Source: Getty Images

The stock market is known for its wild swings and red-hot returns. But investing can also be steady and predictable. And while many investors are looking to the stock market for steady growth, dividend investors are going the other way. A company that pays a dividend is usually a stable business that consistently returns cash to shareholders. 

The Tractor Supply Company (NASDAQ:TSCO) pays a quarterly $0.90 dividend. That’s not a huge payout, but it’s steady and consistent. That makes it ideal for dividend growth investors. So investing in Tractor Supply Company does seem a good long-term investment, focused on dividends.

Tractor Supply Company operates more than 500 stores throughout the United States, Canada, and the Virgin Islands. Tractor Supply Company has a unique business model that offers customers an opportunity to invest in the company. 

The company offers retail investors a unique opportunity to become a partner by buying a stake in the company. These investments can be in the form of a common stock, preferred stock, or through the company’s Employee Stock Ownership Plan (ESOP). The Company’s product catalog includes everything you need to maintain your home, farm, and lawn, from paint and carpet to chisels and gardening supplies. TSCO sells its products through its network of independently owned retail stores. The Company is headquartered in Tulsa, Oklahoma.

JD.com (NASDAQ: JD)

Goldman Sachs recommends China chip stocks to buy as the US-China tech rivalry heats up.
Source: Getty Images

JD.com was founded in 2004 as a sourcing platform for small and medium-sized enterprises. It has become China’s leading e-retailer and the world’s fourth-largest retail website by global retail sales. Its origins traced back to the founding of 360buy, a Chinese e-retailer founded in 2001 . It was initially called 360buy and renamed JD.com in 2011.

In its early days, the company’s growth was driven by the rapid adoption of the Internet among Chinese consumers. In the following years, the company has continued to grow through strategic acquisitions and partnerships, latest of which was the $15.9 billion acquisition of German online retailer Otto in January 2019. The company has also expanded its product offerings to include a broad range of e-commerce services, including payment, logistics, warehousing, and reverse logistics.

According to eMarketer, global internet users will increase from 3.2 billion in 2017 to 4.9 billion by 2021. e-commerce is becoming a dominant force in retail, giving consumers more options and better prices. Amazon is well-positioned to benefit from this trend. Its shareholders should take note of this. At last check, its stock price was $1,140 per share. That’s about 19% below its 52-week high. Also, it’s trading at just 20.9 times its 2021 earnings per share estimate. That’s a reasonable ratio for a business with a high growth rate. Get more insight into how Amazon is a good investment by reading this article.

Autodesk (NASDAQ: ADSK)

Software stocks on the rise
Source: Getty Images

Autodesk is headquartered in San Francisco, California, and operates in more than 180 countries. Autodesk’s software is used to design, construct, visualize, and manage any project: buildings, infrastructure, machinery, vehicles, aircraft, cities, and landscapes. Its products are used to visualize and analyze projects before they are built, facilitate the design and construction process, and manage the finished product for maintenance and re-use.

In March 2015, Autodesk announced a plan to go public via an initial public offering. It was listed as the most anticipated company going public in the U.S. leading up to the offer date. 

The company began trading under the symbol “ADSK” on the New York Stock Exchange on September 6, 2015.

Autodesk (NASDAQ: ADSK) is a potential example of a hyper-growth Ultra SWAN. It has grown tremendously over the last few years, and investors have continued to reward the company accordingly. The stock is poised for long-term growth, and analysts expect triple-digit earnings growth over the next five years. Put another way, and investors are willing to pay up for the company’s future earnings potential. As a result, Autodesk is one of the best stocks to buy for the long term.

Coupa Software (NASDAQ: COUP)

INVESTMENT THESIS Brighthouse Financial Inc. (NGF: BHF). The stock has declined 6% year-to-date, in part reflecting the impact of the coronavirus. However, the shares have risen more than 125% since the market bottom in March. Ultimately, the company's results are too inconsistent for us to recommend the shares. We are also less optimistic due to the company's below-peer-average ROE. While we have a favorable view of the company's plan to diversify its product offerings and reduce expenses, we are concerned about near-term challenges as it strives to offset the revenue lost from discontinued businesses with newer, more profitable products. We may look to move BHF back to our BUY list if ROE improves or the shares drop back to support near $25. RECENT DEVELOPMENTS The beta on BHF is 1.63. EPS came in well above the consensus forecast of $2.51. Revenue before investment and derivative gains and losses rose 3% to $2.2 billion. During the quarter, COVID-19-related net claims were approximately $14 million pretax, down from $25 million in 2Q20. EARNINGS & GROWTH ANALYSIS Brighthouse reports adjusted earnings in two primary segments: Annuities (70% of 3Q20 adjusted earnings, less notable items), offering variable, fixed, index-linked and income annuities; and Life insurance (22%) offering term life and universal life policies without secondary guarantees. The company also has a Run-Off segment (8%), comprised of products that are no longer actively sold, including company-owned life insurance, bank-owned life insurance and funding agreements. In the Annuities segment, adjusted earnings were up 66% from the prior year. The increase reflects lower expenses as well as a $102 million favorable note item in 3Q20. Sales of $2.3 billion were up 29%. Annuity net inflows rose 116% from the prior year to $174 million driven by continued strong sales as well as the current market environment in which fewer contract holders have surrendered their policies. In the Life segment, adjusted earnings were up 81%. The company is committed to broadening its product offerings and increasing its distribution of life insurance products. It is sold through advisors at major financial institutions. We note that the company reported 3Q adjusted earnings, less notable items, from Run-off business of $33 million. The Corporate & Other adjusted loss was $17 million. BHF expects to reduce corporate expenses by $150 million on a run-rate basis by the end of 2020 and by an additional $25 million in 2021. To generate our EPS estimates for the insurance industry, we focus on ROE, which is smoother and more predictable than items such as catastrophe losses and DAC amortization. Brighthouse's ROE over the past three years has averaged around 8.0%. This is below the low-to-mid-teens rates we see in other insurance and diversified financial services companies. Our estimate implies an ROE of 8% for the year. We look for ROE to improve next year and are boosting our 2021 adjusted earnings, less notable items, estimate to $11.25 per share from $10.28 per share. We note that Brighthouse Financial's earnings are somewhat murky, like others in the insurance industry. FINANCIAL STRENGTH & DIVIDEND Debt accounted for 18% of total capitalization. BHF's debt is rated investment grade, with a Baa3/stable rating from Moody's and BBB+/stable ratings from S&P and Fitch. The company had an estimated combined risk-based capital ratio between 525% and 545% at the end of 3Q. We do not expect the company to pay a dividend in 2020 or 2021. The company does have a share buyback program. On August 24, the company reinstated share repurchasing after suspending buybacks in May due to the pandemic. After the completion of the current repurchase authorization, the company will have purchased $1.1 billion of its common stock. MANAGEMENT & RISKS Eric Steigerwalt has served as BHF's president and CEO since the spinoff in August 2017. Mr. Steigerwalt previously held a range of executive positions at MetLife, which he joined in 1998. Ed Spehar joined BHF as executive vice president and CFO in July 2019 from MetLife, where he most recently served as treasurer. Connor Murphy serves as COO, prior to this role, Mr. Murphy served as CFO for MetLife. C. Edward Chapin is the Chairman of the Board of Directors. Management is working to diversify its offerings by deemphasizing capital-intensive products, with their greater exposure to equity market risk, in favor of cash flow-generating products. It will also continue to run off less profitable businesses. The company also plans to shift to an independent distribution network from a captive sales force. It is also targeting mid- to high single-digit annual growth in adjusted EPS, and an 11% ROE by 2021. BHF investors face risks related to new business strategies and the possibility that they may not achieve the company's objectives. COMPANY DESCRIPTION BThe company has 1,330 employees. The BHF shares are a component of the S&P 400 Mid-Cap Index VALUATION The shares are trading at 0.25-times book value of $133, below the industry average of 1.5. Brighthouse does not pay a dividend, compared to the industry average yield of 2.0%. We believe that these valuation metrics adequately reflect the company's prospects for solid growth in annuity sales, but also its low return on equity and some confusion on the Street over earnings and the earnings outlook. We may look to move BHF back to our BUY list if ROE improves or the shares drop back to support levels near $25. On November 25, HOLD-rated BHF closed at $37.61, downWith the transformational shift from centralized to decentralized business, new spending patterns are emerging, and new challenges are also emerging. Businesses have to operate at a greater scale, with tighter operating budgets and greater complexity. 

Companies need a flexible and scalable system to support their business growth, and their internal or third-party resources can manage that. In addition, they need a system that is easy to use and affordable to help them achieve their spending management goals. Business spending management is the term used to describe the tracking and management of companies’ money on goods and services.

Business spending management is a core function of any company and is necessary to keep tabs on the company’s operational spending. If you spend money, you need a business spend management system for managing your finances and tracking your spending. The combination of software and technology has become indispensable in the modern world. Even small businesses need a business spend management system to keep track of the costs of their day-to-day operations.

Coupa Software is a global software company that offers a business spend management solution. The company targets companies with budgets of $1-10 million in annual spending for their software solutions and companies with budgets in the $100-500 million range.

The post Stocks to buy now April 13, 2022 appeared first on Best Stocks.

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