Crown's Top 3 Stock Picks For The Week

Here are our top 3 stock picks for the week...

GOOD MORNING

Here’s everything you need to know today: There are currently 14,157 publicly traded companies in the United States and over 1000+ articles released about S&P500 companies alone every single day. Today we will be showing you our top 3 stock picks we have hand picked for this week:

1 year performance

  1. RKLB - 432%

  2. MMYT - 161%

  3. IONQ - 298%

This Week (Here’s our top 3 stock picks)  

  1. Rocket Lab USA Inc. (RKLB)

1 Year Performance: +432%

Category: Momentum

Market Cap: $14.3B

Company Info:

Rocket Lab is a space technology company specializing in providing small satellite launch services, spacecraft development, and space systems. Its flagship Electron rocket is designed for frequent, low-cost launches, while its Photon spacecraft platform supports missions ranging from satellite deployment to deep space exploration.

Why it’s a buy:

Rocket Lab's stock is a buy due to its strong position in the rapidly growing small satellite launch market, bolstered by its proven Electron rocket and a consistent track record of successful missions.

The company reported a 55% year-over-year revenue increase to $105 million in Q3 2024, with a backlog of $1.05 billion, indicating robust demand for its services.

Additionally, Rocket Lab's diversification into space systems and the development of its Neutron rocket, expected to launch in 2025, position it well to capitalize on the expanding space economy.

Revenue:

  1. Makemytrip Ltd. (MMYT)

1 Year Performance: +161%

Category: Growth

Market Cap: $12.8B

Company Info:

MakeMyTrip is an online travel company that provides services for booking flights, hotels, holiday packages, and bus and train tickets. It simplifies travel planning through its platform, offering personalized itineraries, deals, and a wide range of travel options across India and international destinations.

Why it’s a buy:

MakeMyTrip's stock is a buy due to its strong position as a market leader in India's rapidly growing travel and tourism sector, which is experiencing a significant post-pandemic recovery.

In Q3 2024, the company reported a 25.08% year-over-year revenue increase to $210.99 million, contributing to a trailing twelve-month revenue of $882.62 million, up 28.95% year-over-year.

Additionally, MakeMyTrip's net profit surged by 762.05% year-over-year to $17.85 million in the same quarter, reflecting improved operational efficiency and increased demand for travel services.

With India's expanding middle class and rising digital adoption, the company is well-positioned to capitalize on these favorable market dynamics, making it an attractive investment opportunity.

Revenue:

  1. IONQ Inc. (IONQ)

1 Year Performance: +298%

Category: Growth

Market Cap: $10.3B

Company Info:

IonQ is a quantum computing company that develops and commercializes quantum computers based on trapped ion technology. By leveraging this innovative approach, IonQ aims to solve complex computational problems far beyond the capabilities of classical computers, enabling breakthroughs in industries like chemistry, materials science, and artificial intelligence.

Why it’s a buy:

IonQ's stock is a buy due to its leadership in the rapidly advancing quantum computing sector, where its trapped ion technology is recognized for its scalability, stability, and precision.

In Q3 2024, the company reported revenue of $12.4 million, a 102% year-over-year increase, and raised its full-year revenue guidance to between $38.5 million and $42.5 million.

Additionally, IonQ secured a $54.5 million contract with the United States Air Force Research Lab to develop hardware for scaling and networking quantum systems, highlighting its strong position in the market.

With strategic partnerships and collaborations with major tech companies and government agencies, IonQ is well-positioned to capitalize on the growing demand for quantum computing solutions.

As the field matures, IonQ stands to benefit from early adoption in industries such as pharmaceuticals, finance, and energy, making its stock an attractive investment for those looking to gain exposure to the future of computing.

Revenue:

Get more picks like IONQ…

If you are interested in receiving more of our top stock picks like Broadcom sign up to our Elite Membership where you get access to:

  • The ability to choose which stocks you want to receive (value stocks, dividend stocks, momentum stocks, etc.)

  • 3 curated emails a week (monday, wednesday, friday) with 2 hand-picked stocks from your chosen category in each email

  • 1 report a week (sunday) on the general market and state of where the stock market is it currently

  • Direct email contact with myself to ask any questions regarding stock knowledge

  • Exclusive offers from any of our partners (trade software, brokers, news sources, etc.)

  • 1 report a month on what Hedge funds are buying

  • 2 week money back guarantee (100% refund)

Join today for only $4.99/month or $44.99/year. 

Otherwise, stay tuned for our next free release at 8:15 am EST (Monday and Friday).

Free Stock Picks every Monday and Friday…

We send out our Crown weekly Free newsletter every Monday and Friday. If you are interested in receiving these emails then congratulations, you are all signed up. If not, then click the unsubscribe button at the bottom of this email.

What to expect:

  • You will receive an email every Monday and Friday with 3 stock picks that Crown has hand picked. These can include (momentum stocks, trending stocks, value stocks, and more.)

This is completely FREE and will be sent directly to your inbox every Monday and Friday. 

RATE TODAY'S EDITION:

Your feedback helps us improve. Let us know what you think!

Login or Subscribe to participate in polls.

Thank you for your time!

I’m sure you get hundreds of emails a day so I thank you for taking the time to read ours. Please follow us on our social media channels below where we post other new and different content related to investing, personal finance, and trading. 

Stay tuned for our next free release at 8:15 am EST (Monday and Friday).