For many investors, springtime is the perfect time to clean, review and refresh their investment portfolios. Given how unpredictable and volatile the markets have been these past few years, it’s always a good idea to do a periodic spring cleaning of one’s investment portfolio.
Do you have funds and stocks that are underperforming or are too costly to maintain? Now would be a good time to dispose of them.
But more than cutting some bad apples in your investment basket, you should be replacing them with better ones.
Here are three investment that will give your portfolio the boost it needs to bloom this spring.
Nvidia Corp. (NASDAQ:NVDA)
The next big thing in tech this year and for the next few years is virtual reality, or VR. Many big name technology companies like Facebook, Google, Oculus Rift, and Sony are betting huge chunks of their research and development resources into VR. While it may be hard to predict which company will dominate in this new product category, the good news is that regardless of who wins, they will all be turning to Nvidia to power their VR machines.
Carmike Cinemas Inc. (NASDAQ:CKEC)
Hollywood has been churning out blockbusters left and right, breaking box office records with every new superhero that has leapt from the comic books into the big screen. But how exactly do you know which production studio is the goose that lays the golden egg? The answer is you don’t. Instead you invest in the business that turns movies into actual cold cash — the cinemas.
Carmike is one of the largest cinema chains in the United States. Reflecting the healthy income stream of Hollywood, Carmike’s EPS growth estimate is currently pegged at 43.3%, more than double the industry’s 19.4% average.
Tyson Foods Inc. (NYSE:TSN)
One of the world’s largest producers of chicken, beef, pork and prepared foods, this Arkansas-based company is one of the few stocks that have a very low P/S ratio at 0.47. That means that you are paying 47 cents in stock price for every dollar of revenue the company generates. Meanwhile, it’s PEG is just 1.3 compared to the industry average of 1.89.