Investing in stocks ranks as one of the best ways to make money over the long term. That's obvious when you look at the past. And while history doesn't repeat itself, the factors that caused stocks to perform well over the last century will likely prevail over the next 100 years as well.
But which stocks are the best picks to enable you to make money? Like most investors, I have my own opinion on how to answer that question. Here are my top five stocks to buy in April.
Amazon (AMZN -2.09%) stands out as one of the most impressive companies in the world, in my view. It has transformed retail and created a huge cloud-hosting market. I like the stock right now for two primary reasons.
First, I think Amazon Web Services (AWS) still has tremendous growth prospects. Amazon CEO Andy Jassy predicts that AWS's market could expand exponentially over the next 10 to 15 years as organizations shift IT spending from on-premises to the cloud. I'm confident that Jassy is right and that AWS will among the biggest winners from this trend.
Second, Amazon is taking key steps to reduce its costs. The company could be much more profitable if it continues to work to maximize margins. My take is that Amazon's earnings will grow significantly over the next several years.
Few businesses have as clear of a pathway to growth asBrookfield Renewable (BEP 0.16%) (BEPC -0.24%). The demand for renewable energy will almost certainly increase as governments and corporations across the world scramble to reduce carbon emissions.
Brookfield Renewable is in a great position to help address the higher demand for renewable energy. The company's development pipeline includes 110 gigawatts of capacity, more than four times its current capacity of around 25 gigawatts.
I also like Brookfield Renewable's dividend yield of over 4.4%. Of the 12 high-yield dividend stocks in my portfolio, I view Brookfield Renewable as the best of the bunch.
Speaking of great dividends,Devon Energy (DVN 0.44%) currently offers a dividend yield of nearly 9.6%. But should you be worried about the oil producer's two dividend cuts in recent months? I don't think so.
Devon's dividend has two components -- fixed and variable. The variable portion is based on excess free cash flow. As you might expect for an oil company, excess free cash flow fluctuated with oil prices.
The good news for Devon's dividend (and share price) is that oil prices are likely to rise with Saudi Arabia announcing that it's reducing oil production. I expect that Devon will deliver tremendous total returns at least over the next few years.
The Trade Desk (TTD -2.42%) ranks as the biggest winner of these five stocks so far in 2023. Shares of the advertising technology leader have soared nearly 36% year to date. Is it too late to buy this high-flying stock? Nope.
Ad-supported connected TV (CTV) still has tremendous growth ahead. The Trade Desk's platform is ideally suited for helping advertisers buy CTV ads that provide the biggest bang for the buck. Also, only around 10% of the company's advertising spend currently comes from international markets. The Trade Desk has a major opportunity outside of the U.S.
The biggest concern for this stock is that its valuation is at a nose-bleed level. However, I think the premium price tag is worth it based on The Trade Desk's future prospects.
There's no healthcare stock that I like more right now than Vertex Pharmaceuticals (VRTX 0.47%). The big biotech continues to deliver solid revenue and earnings growth thanks to its cystic fibrosis (CF) drugs. Those therapies currently have no competition in treating the underlying cause of CF. The nearest rival is at best years away from even having a chance at winning regulatory approvals.
Vertex is now one step closer to bringing a new blockbuster to market. The company and its partner, CRISPR Therapeutics, recently completed their submission to the U.S. Food and Drug Administration for approval of exa-cel in treating rare blood disorders sickle cell disease and transfusion-dependent beta-thalassemia. Vertex and CRISPR Therapeutics also await European Union approvals in both indications.
Two other pipeline programs could be launched by the end of 2024. Vertex expects to complete late-stage testing for non-opioid pain drug VX-548 by early next year. The company is also evaluating a triple-drug combo in treating CF in late-stage testing. Both products have the potential to generate annual sales of more than $2 billion.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Keith Speights has positions in Amazon.com, Brookfield Renewable, Brookfield Renewable Partners, Devon Energy, Trade Desk, and Vertex Pharmaceuticals. The Motley Fool has positions in and recommends Amazon.com, Brookfield Renewable, CRISPR Therapeutics, Trade Desk, and Vertex Pharmaceuticals. The Motley Fool recommends Brookfield Renewable Partners. The Motley Fool has a disclosure policy.
More:
My 5 Top Stocks to Buy in April - The Motley Fool
- Box for Android - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- eUKhost - eNlight Cloud Hosting! - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- Cloud Computing -- Oracle is Ready to Take You There - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- What is Cloud Computing? - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- Webinar - Cloud Computing: Why You Should Care - 2010-10-14 - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- What is Cloud Hosting? - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- Cloud Computing Misconceptions and Benefits - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- Cloud Hosting and How it is Set to Change Internet Commerce - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- Awesome Cloud Computing Explained with Animation - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- Rackspace Cloud Race - UK cloud hosting - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- Improved Cloud Service Delivery And Hosting | IBM - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- Cloud Computing Explained - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- Software companies turn to Savvis for cloud hosting and other SaaS services - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- Sky News Tech Report on Cloud Computing - Macquarie Telecom Interview - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- BitNami Cloud Hosting Demo - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- Fully managed Cloud Computing solution using your current IT infrastructure (Closed Caption) - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- Cloud Hosting Server Provisioning - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- iomart Hosting Provides Cloud Storage and Backup for new Branding Network [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- Harris plans to stop offering remote cloud hosting [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- iomart Hosting provides cloud storage and backup for new UK branding network [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- DynamicOps Debuts "Fastest Path to Cloud" Seminar and Webinar [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- Harris Corporation to Discontinue Cyber Hosting Operation; Will Continue Providing Advanced Cyber Security and Cloud ... [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- Tutorial! Amazon Cloud Minecraft Server Hosting! - Video [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- MachPanel 4.3 - SaaS and Cloud Hosting Control Panel for Windows - Video [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- Webair Carrier Neutral Cloud: Open Network Access in the Cloud [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- iomart Hosting Takes UK Digital Media Agency Into the Cloud [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- FireHost Grows Executive Team on Heels of European Expansion; Appoints Jim Ciampaglio as Sr. Vice President of Global ... [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- INetU Managed Hosting is SOC 2 and SOC 3 Compliant [Last Updated On: February 29th, 2012] [Originally Added On: February 29th, 2012]
- Web Host Webair Adds Carrier Neutral Cloud Services [Last Updated On: February 29th, 2012] [Originally Added On: February 29th, 2012]
- FireHost Appoints Jim Ciampaglio as Sr. Vice President of Global Sales and Marketing [Last Updated On: February 29th, 2012] [Originally Added On: February 29th, 2012]
- BitRock CEO on BitNami Cloud Hosting - Video [Last Updated On: February 29th, 2012] [Originally Added On: February 29th, 2012]
- Harris kills remote hosting service as customers shun cloud storage [Last Updated On: February 29th, 2012] [Originally Added On: February 29th, 2012]
- Understand Cloud computing in 60secs - Video [Last Updated On: February 29th, 2012] [Originally Added On: February 29th, 2012]
- Systech Integrators® Forms Strategic Relationship With Rackspace Hosting® to Offer Cloud Hosting Services for SAP® ... [Last Updated On: March 1st, 2012] [Originally Added On: March 1st, 2012]
- Dedicated & Cloud Hosting Provider Codero Names Industry Veteran Emil Sayegh, President & CEO [Last Updated On: March 1st, 2012] [Originally Added On: March 1st, 2012]
- Cloud Computing and Technology Mobility - Video [Last Updated On: March 1st, 2012] [Originally Added On: March 1st, 2012]
- Cloud Hosting Providers - Video [Last Updated On: March 3rd, 2012] [Originally Added On: March 3rd, 2012]
- Online Education Innovator Gives Virtual Internet Cloud Services an A+ [Last Updated On: March 3rd, 2012] [Originally Added On: March 3rd, 2012]
- SingleHop Introduces the Hosting Industry's First Customer Bill of Rights [Last Updated On: March 6th, 2012] [Originally Added On: March 6th, 2012]
- Cloud Services Provider Intermedia Launches Integrated Partner Program [Last Updated On: March 7th, 2012] [Originally Added On: March 7th, 2012]
- Cloud Services Provider Intermedia Now Offering Microsoft Office 365 [Last Updated On: March 7th, 2012] [Originally Added On: March 7th, 2012]
- Inside IT Cloud Computing Security - Video [Last Updated On: March 7th, 2012] [Originally Added On: March 7th, 2012]
- Lansing Cloud Host Introduces Faster ‘Storm SSD’ [Last Updated On: March 7th, 2012] [Originally Added On: March 7th, 2012]
- Leading Industry Analyst Firm positions Hosting.com as a Challenger in Managed Hosting Magic Quadrant [Last Updated On: March 8th, 2012] [Originally Added On: March 8th, 2012]
- Hosting.com Positioned as Challenger in Managed Hosting in Gartner's Magic Quadrant [Last Updated On: March 8th, 2012] [Originally Added On: March 8th, 2012]
- ServInt Announces the First Finalist for Its Inaugural Sextant Award, Recognizing the Most Effective Use of the ... [Last Updated On: March 8th, 2012] [Originally Added On: March 8th, 2012]
- Leading Analyst Firm Recognizes Savvis as a Leader in Two Cloud-Focused Magic Quadrants [Last Updated On: March 8th, 2012] [Originally Added On: March 8th, 2012]
- UK Cloud Computing Company iomart Hosting Recruits Scotland Footballers to Kick off New Campaign [Last Updated On: March 9th, 2012] [Originally Added On: March 9th, 2012]
- Rackspace Hosting Positioned as a Leader in the Leaders Quadrant of the Magic Quadrant for Managed Hosting Providers [Last Updated On: March 9th, 2012] [Originally Added On: March 9th, 2012]
- 4t Networks Offers Red Hat Enterprise Linux 6 for Cloud Hosting [Last Updated On: March 9th, 2012] [Originally Added On: March 9th, 2012]
- elchemyv2.wmv - Video [Last Updated On: March 9th, 2012] [Originally Added On: March 9th, 2012]
- Steve VanRoekel Keynote, NIST Cloud Computing Forum and Workshop IV - Video [Last Updated On: March 11th, 2012] [Originally Added On: March 11th, 2012]
- Hosting.com Enhances Backup Capabilities to Deliver Leading-Edge Data Recovery Solution for Businesses Any Size ... [Last Updated On: March 12th, 2012] [Originally Added On: March 12th, 2012]
- Online Tech Hosts Webinar on Cloud Computing in EHR/RCM Systems [Last Updated On: March 12th, 2012] [Originally Added On: March 12th, 2012]
- Hosting.com Enhances Backup & Data Recovery [Last Updated On: March 12th, 2012] [Originally Added On: March 12th, 2012]
- ServInt Introduces Its New Flex Line of High-Performance, Fully Managed Dedicated Servers [Last Updated On: March 14th, 2012] [Originally Added On: March 14th, 2012]
- Telefonica targets LatAm with business cloud [Last Updated On: March 14th, 2012] [Originally Added On: March 14th, 2012]
- TCWH Announces New InMotion Hosting Review 2012 [Last Updated On: March 14th, 2012] [Originally Added On: March 14th, 2012]
- Lokahi Expands Cloud Offering to Include Managed Security Services Through Partnership With StillSecure [Last Updated On: March 15th, 2012] [Originally Added On: March 15th, 2012]
- Eco Cloud Hosting IPv6 Ready with Web Application Firewall and Load Balancer - Video [Last Updated On: March 15th, 2012] [Originally Added On: March 15th, 2012]
- Private SharePoint Cloud Beats Other Cloud Hosting Options for Enterprises on Price, Practicality [Last Updated On: March 17th, 2012] [Originally Added On: March 17th, 2012]
- Private SharePoint Cloud Beats Other Cloud Hosting Options for Enterprises, Says AISN [Last Updated On: March 17th, 2012] [Originally Added On: March 17th, 2012]
- CaymanSecurity.com Introduces Secure Cloud Hosting Services [Last Updated On: March 19th, 2012] [Originally Added On: March 19th, 2012]
- Storm On Demand Introduces Windows Cloud Hosting [Last Updated On: March 20th, 2012] [Originally Added On: March 20th, 2012]
- Citrix Streamlines Delivery of Cloud-Hosted Apps and Desktops [Last Updated On: March 20th, 2012] [Originally Added On: March 20th, 2012]
- Cloud Computing Explained.mp4 - Video [Last Updated On: March 20th, 2012] [Originally Added On: March 20th, 2012]
- AMD Opteron 3200 Chips Target Cloud, Web Hosting [Last Updated On: March 20th, 2012] [Originally Added On: March 20th, 2012]
- Understanding the Cloud Computing Stack: SaaS, PaaS and IaaS | CloudU - Video [Last Updated On: March 21st, 2012] [Originally Added On: March 21st, 2012]
- Racemi Joins Rackspace Cloud Tools Program [Last Updated On: March 22nd, 2012] [Originally Added On: March 22nd, 2012]
- iNetRadio Adds User Music Cloud Hosting [Last Updated On: April 18th, 2012] [Originally Added On: April 18th, 2012]
- Managed Hosting Company, OneNeck IT Services, Selected by Southwest Home Builder for Cloud Services [Last Updated On: April 18th, 2012] [Originally Added On: April 18th, 2012]
- What is Cloud Hosting? - Australian Cloud Hosting Providers - Video [Last Updated On: April 18th, 2012] [Originally Added On: April 18th, 2012]
- Courion Leverages NaviSite's Enterprise Cloud to Deliver Identity and Access Management Software-as-a-Service [Last Updated On: April 24th, 2012] [Originally Added On: April 24th, 2012]
- TLD Solutions Launches Next Generation "4GH" Web Hosting [Last Updated On: May 4th, 2012] [Originally Added On: May 4th, 2012]
- ElasticHosts unveils simple cloud web hosting for SMEs [Last Updated On: May 4th, 2012] [Originally Added On: May 4th, 2012]
- Rackspace Hosting 1Q net income up on higher sales [Last Updated On: May 8th, 2012] [Originally Added On: May 8th, 2012]
- Infinitely Virtual Announces Support for Microsoft SQL Server 2012, Providing Cloud-Ready Hosting with Mission ... [Last Updated On: May 8th, 2012] [Originally Added On: May 8th, 2012]
- Kore Domains Launches Revolutionary New "4GH" Web Hosting Solution [Last Updated On: May 8th, 2012] [Originally Added On: May 8th, 2012]
- 4GH Web Hosting Europa Launches 4GH Cloud Web Hosting Solution in European Data Center [Last Updated On: May 10th, 2012] [Originally Added On: May 10th, 2012]
- Hughes Cloud Services & Hosting Showcases Its Comprehensive Enterprise IT Offering At ... [Last Updated On: May 12th, 2012] [Originally Added On: May 12th, 2012]