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Two of the Best Stocks to Invest $5,000 in Right Now
It’s tough to come up with a list of “excellent stocks to purchase” that will please everyone. Investors’ objectives, goals, tastes, and risk tolerances vary, making a one-size-fits-all investment approach unworkable. But, at the absolute least, most people would agree that it’s a good idea to think about buying equities that are expected to beat the market in the coming year and beyond.
That is why I chose Vertex Pharmaceuticals (NASDAQ: VRTX) and Novavax (NASDAQ: NVAX) as two excellent stocks to invest in right now. Both firms are benefiting from tailwinds that will deliver good financial outcomes and, perhaps, market-beating results. If you have $5,000 lying around that you aren’t saving for a rainy day, investing in any of these firms would be a wise long-term investment.
1. Vertex Pharmaceuticals
Vertex Pharmaceuticals has underperformed the market this year, but the firm appears to be on the mend. The drugmaker’s stock has risen by 22% in the last three months, compared to a 10% rise in the S&P 500. What is the situation with this company? Let us begin with the unpleasant news. For over ten years, Vertex Pharmaceuticals has had a monopoly on medications that address the fundamental causes of cystic fibrosis (CF).
