In today’s interconnected and rapidly evolving world, the allure of investing in strong global stocks has become increasingly irresistible for both seasoned investors and newcomers to the market. The undeniable truth is that the global marketplace offers a wealth of opportunities for those seeking to build a sustainable investment portfolio. Whether it’s tapping into emerging economies, capitalizing on technological advancements, or benefiting from the growth of multinational corporations, investing in strong global stocks has the potential to generate substantial returns.
Here are three “Strong Buy” global stocks from Wall Street –
Jazz Pharmaceuticals plc – SYM: JAZZ
Recent Price: $128.77
Price Target: $197.20
Firms with Buy Rating: Goldman Sachs, Barclays, Needham
Description: Jazz Pharmaceuticals plc, a biopharmaceutical company, identifies, develops, and commercializes pharmaceutical products for unmet medical needs in the United States, Europe, and internationally. The company has a portfolio of products and product candidates with a focus in the areas of neuroscience, including sleep medicine and movement disorders; and in oncology, such as hematologic and solid tumors.
Humana Inc. – SYM: HUM
Recent Price: $452.61
Price Target: $603.00
Firms with Buy Rating: J.P. Morgan, Morgan Stanley, Goldman Sachs
Description: Humana Inc., together with its subsidiaries, operates as a health and well-being company in the United States. It operates through two segments, Insurance and CenterWell. The company offers medical and supplemental benefit plans to individuals. It also has a contract with Centers for Medicare and Medicaid Services to administer the Limited Income Newly Eligible Transition prescription drug plan program; and contracts with various states to provide Medicaid, dual eligible, and long-term support services benefits. In addition, the company provides commercial fully insured medical and specialty health insurance benefits comprising dental, vision, life insurance, and other supplemental health benefits, as well as administrative services only products to individuals and employer groups; military services, such as TRICARE T2017 East Region contract; and engages in the operations of PBM business. Further, it offers pharmacy solutions, provider services, and home solutions services, such as home health and other services to its health plan members, as well as to third parties. Humana Inc. was founded in 1961 and is headquartered in Louisville, Kentucky.
MercadoLibre, Inc. – SYM: MELI
Recent Price: $1194.35
Price Target: $1592.50
Firms with Buy Rating: J.P. Morgan, UBS, Citi
Description: MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which extends loans to certain merchants and consumers; and Mercado Envios logistics solution that enables sellers on its platform to utilize third-party carriers and other logistics service providers, as well as fulfillment and warehousing services for sellers. In addition, it provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services; Mercado Libre Ads, an advertising platform, which enables large retailers and brands to promote their products and services on the web; and Mercado Shops, an online storefronts solution that enables users to set-up, manage, and promote their own digital stores. The company was incorporated in 1999 and is headquartered in Montevideo, Uruguay.