Top 10 U.S Most Promising Stocks Could Take Off in September

Best 10 Stocks to Buy in September

U.S. stocks slipped Tuesday but posted gains for the month of August, buoyed by continued investor optimism even amid uncertainty surrounding the Delta variant of the coronavirus.

However, as vaccinations reach more and more people, the impact of Covid-19 could dampen in the coming months.

All three major U.S. indexes logged strong advances for August, though the month had few dramatic trading days. The S&P 500 finished the month up 2.9%, marking its largest monthly rise since April.

North American stocks were having something of a quiet summer, with muted gains until U.S. Federal Reserve Chair Jerome Powell's Jackson Hole that was interpreted as leaning to the dovish side. The S&P 500 and TSX were each up around 2 per cent in August.

Here are ten stocks that have all the ingredients to be the next major short squeeze, according to some analytics and predictions.

Top 10 most promising stocks to buy in September, 2021

1.Best Stocks to Buy: Pfizer (PFE)

Right now, it trades for about $47.

Pfizer has been flying high this month after it received full approval for its Covid 19 vaccine. Moreover, its tick-borne encephalitis vaccine was also green-lit by the FDA, opening up another million-dollar opportunity.

The company boasts one of the deepest and most promising pipelines of drugs and therapeutics, which should continue powering PFE stock in the future.

Pfizer has been doing exceedingly well when it comes to improving its top- and bottom-line results. Its revenue and EBITDA growth on a YOY basis is 59.8% and 85.8%, respectively. Additionally, it possesses one of the strongest dividend portfolios with a forward yield of more than 3.3% and a 70% payout rate.

The stock’s returns are at a substantial 21% for the the past three months and are likely to grow at a vigorous pace in the coming years.

2.Best Stock to Buy: Support.com Inc. (SPRT)

Support.com has been on Ortex's radar since it named the stock a short squeeze candidate back in July. In the past two months, Support.com has experienced a massive short squeeze that has sent the stock skyrocketing more than 900%. Incredibly, the Support.com short squeeze could be just getting started.

On Sept. 10, Support.com will conduct a shareholder vote to approve a reverse merger with Bitcoin transaction processor Greenidge Generation Holdings.

Ortex estimates that 85% of Support.com's float, or free-trading shares, is held in short positions, the highest percentage of any stock on this list.

3.Best Stock to Buy: GlaxoSmithKline (GSK)

GSK stock exchanges hands for about $41 per share.

GlaxoSmithKline is a consumer products and biopharma giant with a market capitalization of more than $103 billion. Its robust pipeline in both its core business divisions puts it in a unique place in its industry.

Despite the weaknesses during the pandemic, it did well to fortify its balance sheet and limit its expenses. Moreover, it offers an attractive dividend yield of 5.4% with a payout ratio of more than 90%.

Its management believes future growth will be driven by a significant increase in vaccine and specialty medicine sales. It expects sales and adjusted operating profits to rise by 5% and 10%, respectively, between 2021 and 2026.

Additionally, its spin-off will unlock more shareholder value and help boost GSK stock’s price in the future.

4.Best Stock to Buy: Upstart Holdings (UPST)

UPST stock currently trades around $218 per share.

Upstart offers a platform that uses machine learning algorithms to make more effective loan-making decisions.

The platform aims to give higher approval rates, fewer defaults and lower loan payments. It is in the early stages of tapping into the massive credit and loan market, positioning it to become one of the top companies in fintech.

So far, the company has been proving its worth with its solid operating results. It recently reported its second-quarter results, where revenues rose to $194 million and beat expectations by more than $36 million.

Additionally, its GAAP and non-GAAP earnings per share comfortably beat estimates by sizeable margins. After its spectacular performance so far, it has bumped its revenue and EBITDA margins for the year. With a prodigious growth runway ahead, expect Upstart Holdings to reach new heights.

5.Best Stock to Buy: Nikola Corp. (NKLA)

Electric vehicle stocks have been battlegrounds for short sellers in 2021, and Nikola is one of the most controversial EV stocks of all. On July 29, a federal grand jury charged Nikola founder Trevor Milton with three counts of criminal fraud for lying to investors. Milton left the company in September 2020 following allegations by short seller Hindenburg Research that Nikola was spreading "an ocean of lies" about its products. Nikola shares are down 74% in the past year, but short sellers apparently see more downside ahead.

Nikola's short interest is 43% of its float, according to Ortex.

6.Best Stock to Buy: Upstart Holdings (UPST)

UPST stock currently trades around $218 per share.

Upstart offers a platform that uses machine learning algorithms to make more effective loan-making decisions.

The platform aims to give higher approval rates, fewer defaults and lower loan payments. It is in the early stages of tapping into the massive credit and loan market, positioning it to become one of the top companies in fintech.

So far, the company has been proving its worth with its solid operating results. It recently reported its second-quarter results, where revenues rose to $194 million and beat expectations by more than $36 million.

Additionally, its GAAP and non-GAAP earnings per share comfortably beat estimates by sizeable margins. After its spectacular performance so far, it has bumped its revenue and EBITDA margins for the year. With a prodigious growth runway ahead, expect Upstart Holdings to reach new heights.

7.Big 5 Sporting Goods Corp. (BGFV)

Big 5 Sporting Goods is a California-based sporting goods retailer. The stock is up more than 2,250% from its March 2020 lows, and short sellers have piled in. Ortex estimates 72% of the stock's float is currently held in short positions, making it an excellent candidate for a short squeeze. In early August, Big 5 reported impressive 33.4% same-store sales growth on a two-year basis, suggesting that the company has now far exceeded its pre-pandemic sales numbers.

Big 5 investors also get paid a 3.5% dividend while they wait for a possible short squeeze.

8.Best Stocks to Buy: Airbnb (ABNB)

Travel platform Airbnb is a company with an unmatched business model and significant growth drivers. As travel demand increases, it will be in pole position to benefit from the pent-up demand.

Additionally, it has expanded into a new realm of hospitality that includes an array of options like outdoor, nature and culture activities. Hence, ABNB stock presents itself as one of the best Covid-19 recovery plays.

Airbnb had its strongest quarter to date, boosted by strong booking trends. Revenues in its third quarter were up almost 300% from the prior-year period as losses narrowed to $68 million.

Moreover, its gross booking value of $13.4 billion came in well ahead of the consensus estimates. Looking ahead, the company expects a healthy increase in its adjusted EBITDA margins in the second half of the year. All in all, it looks in great shape to round off the year in style.

9.Best Stock to Buy: Fastly (FSLY)

FSLY shares are currently priced at $44 a piece.

Fastly is an edge cloud service provider, an evolving type of Infrastructure as a Service. The technology is being appreciated across the world, as it is operating in more than 25 countries.

The company has been increasing its capacity tremendously in the past year. Additionally, its net expansion rate was 138% in 2020.

In the past five quarters, its revenues have grown by double digits on a year-over-year basis. In its most recent quarter, revenues rose to $85.02 million, 13.9% higher than the prior year.

Network outages and customer delays have impacted its results in the second quarter. However, these concerns are likely to be short-lived; it is expected to grow at elevated levels, making FSLY one of the top stocks to buy for next month.

10.Best Stock to Buy: Intercept Pharmaceuticals Inc. (ICPT)

Intercept Pharmaceuticals is a biopharmaceutical company that is developing a potential treatment for chronic liver disease. Intercept shares are down 45% year to date, and rival companies attempting to treat nonalcoholic steatohepatitis have struggled as well.

In May, Cantor Fitzgerald said the "biology in NASH is complex and still poorly understood." Short sellers are betting an Intercept breakthrough is a long shot, and so far they have made a tremendous profit betting against the stock.

Intercept's short interest was just 17.5% of its float in mid-July, but that figure is now up to 40%.

Top 10 Popular Stocks in August, 2021

1. AMC

The darling of the meme stocks and Reddit crowd was twice as popular as the runner-up. Shares were up around 33 per cent for the month, on no material news.

2. GME

GameStop, the original meme stock was the second most popular stock. It was up around 22 per cent also on no material news, as has so often been the case with meme stocks.

3. TSLA

Tesla came in third. The electric car maker was in the news for a plan to sell electricity directly to consumers and the twelfth autopilot crash in the U.S. CEO Elon Musk continued to show interest in dogecoin, with ideas for improvement. The stock was up nearly seven per cent for the month.

4. SU.TO

Canada’s largest oil company ranked the fourth most popular. Despite rising oil prices, negative sentiment continued to weigh on its stock price. Suncor’s shares were down more than 4 per cent for the month.

5. AC.TO

As restrictions eased, investors continued to look at Air Canada in August. It recently announced staff need to be vaccinated or tested regularly for COVID-19. The stock didn’t take off in August though, down more than one per cent.

6. AAPL

The largest company by market cap was sixth most popular. Apple is reportedly preparing to launch new iPhones and Apple watches with bigger screens. The stock was up more than five per cent for the month.

7. HIVE.V

Cryptocurrencies like bitcoin rallied last month, when that happens anything in the space can get attention. HIVE Blockchain Technologies mines and sells cryptocurrencies. It came in seventh and its stock was up more than 30 per cent in August.

8. NIO

Electric Vehicle makers get a lot of attention as an up-and-coming industry and Chinese EV maker NIO was number eight. The company says it’s struggling with a chip shortage, which it says will hurt deliveries. The stock was down around 12 per cent for the month.

9. HOOD

Popular U.S. trading platform Robinhood placed ninth, following its first full month of trading after going public at the end of July. Cathy Wood also added some to her ARK innovation ETF (ARKK).

10. BB.TO

BlackBerry continues on its turnaround path from phones to security and software. It also caught the eye of the Reddit crowd, which gave the stock a lift. Shares climbed around 16 per cent in August.

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