Did you know that about two-thirds of Americans overpay the IRS each year and receive money back? Last year, the average tax refund was $3,004. If you’re expecting a sizable check from the IRS, now’s the time to start considering what you want to do with it.
Find Out: The Best Tax Deductions and Tax Breaks for 2024-2025
Read More: 25 Creative Ways To Save Money
That extra money can go toward adding to your retirement account, starting an emergency savings or, depending on your risk tolerance, funding your investment strategy. If you’re thinking about throwing that extra cash into the stock market, you may want to consider these promising assets.
BJ’s Wholesale is a seemingly smaller Costco with just 248 warehouses, 183 gas stations and 7.5 million members. The company has maintained an impressive 90% renewal rate among its members and only has 4.8% of the warehouse market share. BJ’s can grow its share of the pie and generate sizable long-term returns for investors.
Consider This: 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth
Alphabet is an online advertising giant that regularly delivers revenue growth with high profit margins. Google is the world’s most popular website and YouTube holds the #2 spot. Alphabet is the top choice for online advertisers due to its targeting capabilities and significant reach.
The tech giant reported 15% year-over-year revenue growth in Q3 2024. Google Cloud was a key growth driver, up by 35% year-over-year. Artificial intelligence tailwinds should propel Google Cloud revenue higher. While online ads and cloud computing are enough to bring Alphabet stock higher, investors should monitor Waymo, a self-driving automaker. It can become a big piece of the Alphabet pie in 10-20 years.
Vital Farms partners with more than 300 family farms and is the leading U.S. brand of pasture-raised eggs by retail dollar sales. The company has been expanding its partnerships and has produced multiple quarters of 20%+ revenue growth. The company closed out Q3 2024 with a 31.3% year-over-year revenue increase. Net income jumped by 64.6% compared to Q3 2023.
People regularly eat eggs, which means steady business. Vital Farms’ ability to partner with more farms can lead to higher revenue growth, but there are a few short-term catalysts that can help. The bird flu outbreak has reduced the egg supply, resulting in higher prices for the remaining eggs.
