A market correction is a great time to go shopping for unstoppable stocks. During corrections, these shares often take a bit of a pause — offering us a decent entry point. So, what type of stocks am I referring to? They’re usually…
market leaders and have a track record of solid growth. They also offer bright revenue prospects well into the future.
Here, I’ll talk about leaders in three different industries: Robotic surgery, electric vehicles (EV), and e-commerce. You’ll want to pick up these stocks on the decline. But don’t make the mistake of selling once they rebound. There’s much more to come further down the road.
Tesla (NASDAQ:TSLA) was one of the stock market’s big winners last year. The shares soared more than 740%. Can that happen again? Maybe not so quickly. But Tesla has plenty of potential to go that far and even further over time. The EV leader delivered more than half a million cars last year. And in the most recent quarter of this year, Tesla’s popularity didn’t falter.
The carmaker actually achieved a few records in the second quarter. It delivered more than 200,000 vehicles, reached an operating margin of 11% (up from 5.4% a year ago), and topped $1 billion in net income on a GAAP basis.
Tesla is also making impressive gains in China. What’s interesting there is that overall, auto sales are falling — but Tesla’s sales are rising. The company sold more than 44,200 vehicles made locally in August, Reuters reported. That’s up from more than 32,900 in July.
Of course, Tesla faces more and more competition in the EV market. But the company has been working on costs to make its vehicles affordable for more people. For example, Tesla cut the base price of two of its lower cost vehicles in the U.S. earlier this year. Tesla is also an innovator. CEO Elon Musk is dedicated to working on technology such as full self-driving capabilities. All of this should keep the company one step ahead of rivals — and in the spotlight over the long term.
2. Intuitive Surgical
Intuitive Surgical (NASDAQ:ISRG) is the global leader in robotic surgery. The company holds more than 79% of the market, according to BIS Research. Intuitive’s da Vinci system helps surgeons perform a vast array of minimally invasive procedures in areas such as urology, gynecology, and cardiac and general surgery.
The da Vinci’s install base now totals more than 6,300 units worldwide. That’s 10% higher than it was a year ago. And in the second quarter, da Vinci procedures increased 68% year over year.
We have to consider that some procedures were…
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