Bitteks Analyst Reports 2 Stocks to Buy Now

London, England, 2nd July 2021, ZEXPRWIRE – “When it rains gold, put out the bucket, not the thimble.” It may be a weird moment in the stock market, but this quote from legendary billionaire investor Warren Buffett rings true for every market situation.

Investors should be concentrating their efforts more than ever on high-quality firms that can provide consistent portfolio growth over time, have strong competitive advantages, and have solid underlying businesses. You’ve come to the correct spot if you’re looking for some hot stock buys this month that fulfil these key requirements as explained by Bitteks Analyst.

Let’s get started.

• Green Thumb Industries

Green Thumb Industries (OTC:GTBIF) is a cannabis multistate operator (MSO) with a diverse portfolio of products ranging from pre-rolls to edibles. The firm also has a rapidly expanding network of retail locations around the United States, including Illinois, Pennsylvania, Maryland, Massachusetts, Nevada, and New York.

Green Thumb also operates more than a dozen production facilities around the country and has licenses for 103 retail outlets. Few marijuana stocks can match Green Thumb Industries’ balance sheet. When compared to the previous year, revenue increased by over 160 percent in 2020, while adjusted operational EBITDA (profits before interest, taxes, depreciation, and amortization) increased by a mouthwatering 547 percent. While the firm had a net loss of $59 million in 2019, it turned the corner in 2020, reporting a net income of $15 million for the whole year.

In 2021, Green Thumb Industries is already off to a great start. Its first-quarter revenue increased by nearly 90% over the same period last year, while adjusted operating EBITDA increased by 179 percent. Green Thumb reported positive net income for the third quarter in a row, totaling $10 million for the three-month period, according to management.

Green Thumb is also rapidly expanding its already growing national footprint. In May, the firm made its first entry into the Virginia cannabis market with the acquisition of Dharma Pharmaceuticals, a medical marijuana dispensary, and in early June, it completed the acquisition of Liberty Compassion, a Massachusetts-based medical cannabis producer and retailer.

Green Thumb Industries’ stock has increased by over 200 percent in the last year, yet it still trades for less than $30. Green Thumb Industries ticks all the boxes if you’re searching for a marijuana company with plenty of room for development and a strong financial sheet.

• NVIDIA

NVIDIA (NASDAQ:NVDA), a semiconductor company, is another premium purchase to consider this month. The business is one of the world’s leading producers of graphics processing units (GPUs). In 2019, the GPU market was valued at $19.8 billion, and it is expected to reach a global valuation of more than $200 billion by 2027. NVIDIA’s GPU solutions have attracted a large number of customers (including Facebook and Amazon) from a variety of sectors, including cloud computing and artificial intelligence.

NVIDIA’s fiscal year 2021 ended on January 31. It was a banner year for the firm, with overall sales increasing by 53 percent. In two of its major business sectors, data centre and gaming, it also achieved record revenue growth. These two segments alone increased income by 124 percent and 41 percent over the previous year.

The first quarter of NVIDIA’s fiscal 2022 (which concluded on May 2) was yet another period of rapid expansion. Its entire income increased by 84 percent year over year for the three-month period. Furthermore, revenue from NVIDIA’s gaming, data centre, and professional visualisation divisions increased by 106 percent, 79 percent, and 21 percent, respectively, compared to the previous year. While sales in the company’s automotive business fell by a sliver of a percent year over year, it was still up by 6% over the previous quarter.

While new investors may not experience the same sort of portfolio gains that NVIDIA has given over the last year in the future months, the company still has plenty of upside potential as its business grows. NVIDIA is expected to achieve yearly profit growth of over 30% on average over the next five years, according to experts.

NVIDIA stock has risen 96 percent in the last year, bringing it to a new high of $746 at the time of writing. The company, on the other hand, is planning a 4-to-1 stock split next month. The overall value of current investors’ shares will not change as a result of this, but the number of shares allocated to shareholders of record as of June 21 will increase.

In other words, if you’ve been putting off investing in NVIDIA due to its high price, the stock is about to become much more affordable. This is an excellent time to purchase shares of the company, which appears to be capable of providing significant long-term growth for your portfolio and assisting you in constructing a market-beating stock basket.