5 Best Stocks To Invest in Right Now June 2021

Anyone interested in wealth creation will know that investment is a crucial cog in the drive to build lasting value. One of the best means of attaining this goal is looking for the best stocks to invest in.

These outlier stocks are meant to guarantee high returns. Our five best stocks to invest in will help you decide which one you should pay close attention to.

1. Ford Motor Company (NYSE: F)

Ford Motors begins our list of the stocks to invest in this month.

Famous for its Model T, the Detroit-based automaker is reinventing itself in the changing auto-climate. Ford is gradually turning its attention to the electric vehicle (EV) sector, ramping up efforts to compete against the more established EV firm Tesla Inc.

Its fully electric F-150 and the F-150 Lightning Pro have garnered media attention with the automaker positioning itself for the growing adoption of EVs. Meanwhile, Ford is also looking into battery charging. The automaker acquired Electriphi, an EV fleet and energy management solution company that helps companies save energy costs. Ford is looking to make $1 billion from this arrangement by 2030.

Ford has also said its second-quarter operating profit would exceed expectations due to lower costs and rising prices for new and used vehicles following the global semiconductor chip shortage. Ford is also raising spending on EVs above the $30 billion mark.

On the trading charts, Ford’s technical is mixed trading at $15.27, rising above the 20-day moving average (MA) at $$14.62. In addition, its relative strength index (RSI) is at 57.19, showing that investors are buying the Ford stock.

Moving average convergence and divergence (MACD) is at 0.64, showing a bearish trend, while its 200-day MA is bullish as the price action is above the indicator at $10.39.

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2. JP Morgan Chase & Co (NYSE: JPM)

Another stock to invest in is American multinational investment bank JP Morgan Chase. In a bid to compete on a global scale, the American investment bank has opened up shop in the UK with the acquisition of ‘robo advice’ firm Nutmeg. In addition, it is planning to open a digital bank named Chase in the coming weeks.

Also, the financial service provider is making moves to gain full control of its securities joint venture in mainland China. According to Mark Leung, JP Morgan has applied with regulators for approval. As a result, the bank is looking to increase its stake from 71% to 100%.

On the trading charts, JP Morgan is trading at $151.91, far below the 20-day MA support level of $161.72. RSI stands at 30.07, showing a bearish trend and the MACD is supporting this narrative at 0.99.

However, the 200-day MA points to a bullish trend. The indicator is around $132.93 showing that JPM stock will rise.

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3. Bank of America Corp (NYSE: BAC)

Featuring as #3 in our list of the best stocks to invest is Bank of America Corp (BofA). BofA is making moves to reach more local US customers in the last few years. The bank’s continuing its years-long retail banking strategy and has opened branches in Kentucky.

The US bank, which currently has 115 branches spread across the country, says it plans to take it to 200 before 2023. Making a case for this approach, President of Preferred and Consumer Banking and Investments Aron Levine said that the financial giant is looking to recapture customers through reinvestment.

On the daily trading charts, BAC is trading at $39.92 below the 20-day MA at $42.21. RSI stands at 32.81, showing minimal interest from investors, while MACD supports the bearish trend at 0.05. However, BAC is projected to rise, trading above the 200-day MA which stands at $32.85.

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4. General Electric Co (NYSE: GE)

General Electric is an American multinational conglomerate company with headquarters in Boston. The company, which operates in the healthcare, power, and renewable energy, posted revenue returns in excess of $75 billion for the 2020 fiscal year.

General Electric is continuing its innovative push in the aviation sector. According to a company statement, it has partnered with fellow tech group Safran to develop aviation engines that consume 20% less fuel and reduce CO2 emissions than current engines.
GE is also looking into the renewables energy sector with the Dogger Bank wind farm project. According to the conglomerate, it would be launching its wind turbines in the offshore project.

On the trading charts, GE is trading at $13.12 below the 20-day MA at $13.67. Its RSI stands at 37.44, showing that investors are buying it gradually, while the MACD stands at 0, showing a bear market.

On the 200-day MA, GE looks promising trading above the indicator at $10.86.

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5. Citigroup Inc (NYSE: C)

Citigroup is one of America’s biggest banks with 723 branches in the country offering mortgages, credit cards, personal loans, and a host of other financial services.

But recently, it has seen its stock price plummet following comments from CFO Mark Mason. The global financial services company noted that there would be increased expenses in Q2 and a fall in trading revenue. This could see it shed off revenue in the range of $11.2 – $11.6 billion as the year progresses. The fall is due to regulatory fines it has to pay.

However, the bank has partnered with STOXX Qontigo to develop a series of single stock linked indices to create an efficient, structured product offering for service providers and end-users.

Technicals are weak, though, trading below the 20-day MA at $69.43. Its RSI stands at 21.83, pointing to an oversold stock, while the MACD supports the bear market at 0.87. The 200-day MA points to a future uptrend at $61.56. Even though most of them are experiencing dips, these five companies are the best stocks to invest in June.

67% of all retail investor accounts lose money when trading CFDs with this provider.