2 Sizzling Hot Stocks to Buy Right Now

2 sizzling hot stocks to buy right now

Sumary of 2 Sizzling Hot Stocks to Buy Right Now:

  • Today, we’re going to look at a healthcare tech company and a fast-growing cannabis business.
  • 1. Veeva Systems It’s not often that the highly defensive healthcare sector and fast-growing cloud computing industry overlap, but investors can get the best of both worlds in Veeva Systems (NYSE:VEEV), which provides cloud services to life sciences companies.
  • It also has a strong competitive advantage as one of only a handful of companies that provide cloud-based services exclusively for life sciences entities (i.
  • And there’s considerable room for it to expand within its highly lucrative industry.
  • Spending in the global cloud computing market is expected to exceed $832 billion by 2025, according to a 2020 report from ResearchAndMarkets.
  • Another report by iHealthcareAnalyst forecasts that the healthcare cloud computing market will reach nearly $24 billion as of 2027. Veeva Systems began its fiscal 2022 on Feb.
  • Veeva Systems stock is expensive, yes, but when you consider the company’s ability to operate profitably in all types of market environments and its long-term prospects within the context of the rapidly growing cloud services industry, that valuation becomes far more palatable.
  • 2. Innovative Industrial Properties Innovative Industrial Properties (NYSE:IIPR) is another strong contender for investors trying to build market-beating portfolios.

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