The 5 Best Stocks For Investing Your Tax Refund
From Yahoo Finance: 2025-04-08 11:03:00
Two-thirds of Americans overpay the IRS annually, with an average tax refund of $3,004. Consider using the extra money for retirement, emergency savings, or investment. If you’re thinking about investing, check out promising assets in the stock market.
BJ’s Wholesale, similar to Costco, has 248 warehouses, 183 gas stations, and 7.5 million members. With a 90% renewal rate, the company can increase its market share and offer long-term returns to investors.
Alphabet, a leader in online advertising, reported 15% revenue growth in Q3 2024, driven by Google Cloud. Investors should keep an eye on Waymo, a self-driving automaker, which could become a significant part of Alphabet’s future success.
Vital Farms, the top U.S. brand of pasture-raised eggs, saw a 31.3% revenue increase in Q3 2024. Short-term catalysts like the bird flu outbreak may lead to higher egg prices and increased profits for the company.
Shopify, a dominant e-commerce platform, retains customers with its infrastructure. Deckers Outdoor, behind brands like Hoka and Ugg, has outpaced the market and reported 20% revenue growth. Hoka’s growth may drive the stock higher, along with Ugg’s contribution to revenue growth.