Below is a list of stock to buy in August 2013. These stock picks are ones I will personally buy if we see a pullback. Shares of these companies should outperform into 2014 and beyond. As always, if you are looking to trade stocks and find trading ideas, join my stock picks group.
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Tesla (TSLA) - Tesla (TSLA) is a buy on any major pullback in August 2013. We recently saw a buying opportunity two weeks ago when TSLA dropped from $133 to $105. Tesla Motors is now back to $130 and poised to move higher. Earnings are due out in two weeks so if I see any correction I will add to my long position. Tesla (TSLA) is changing the game in the automotive sector. Electric Vehicles will be huge once Tesla founder Elon Musk brings an affordable model to the masses. Look for it in 2-3 years.
SolarCity (SCTY) - SolarCity (SCTY) is another stock to buy in August if we see a pullback. SolarCity (SCTY) is another Elon Musk company that is disrupting the solar sector. SolarCity installs residential and commercial solar panels for free when you lock in a long term monthly energy plan. This energy plan is usually 10-15% lower than what you pay on your rising electric bill. It's a win-win all around. SolarCity also powers each and every Tesla supercharging station. Buy SCTY on a drop below $38.
Noodles & Company (NDLS) - Noodles & Company (NDLS) is a fast casual restaurant that recently IPO'd. NDLS is a strong buy on pullbacks due to it's strong growth prospects in the future. I like NDLS stock below $40 and will be buying it hand over fist.
Zillow (Z) - Zillow (Z) is a high growth stock that is priced for perfection but the company is expected to see massive earnings in 2014. Right now, Zillow (Z) is spending a ton of money in advertising which is weighing on their current earnings. The ads seem to be working because website traffic and brand recognition is surging. Buy Z if you ever see a pullback below $60.
Facebook (FB) - Facebook (FB) has been surging lately after the company reported blow out earnings. Mobile is really working for the company and I like FB stock below $33.
Xoom Corp (XOOM) - Xoom Corp (XOOM) had the best earnings so far this earnings season last week. XOOM is a strong buy below $31.
There you have it, 6 strong buy stocks for August 2013. If you need help finding more trading ideas, sign up at my stock forum and join the stock picks group. You can also check out - Top Penny Stocks 2013 - Penny Stock Picks 2014
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