Please ensure Javascript is enabled for purposes of website accessibility

3 Top Stocks That Will Make You Richer in April (and Beyond!)

By Keith Speights - Updated Apr 1, 2021 at 8:13AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

No fooling. These stocks should be winners.

Do you have some extra cash on your hands? Many Americans can probably answer that question with a resounding "yes" thanks to the latest round of stimulus payments. Some early filers might have even already received tax refunds from the IRS. 

Paying off bills and building an emergency fund are the smartest uses of any extra money. Once you've done that, though, investing for the long term is a great next step. Whatever amount you have to invest, here are three top stocks that will make you richer in April -- and beyond.

Smiling young man and woman holding cash in their hands

Image source: Getty Images.

Brookfield Renewable Corporation

Shares of Brookfield Renewable Corporation (BEPC 0.09%) have fallen more than 20% so far this year. I think that makes this renewable energy stock an even more attractive pick in April.

The main reason behind Brookfield Renewable's drop is that its major shareholder, Brookfield Asset Management, sold 15 million of its shares. But Brookfield Asset Management still owns 48% of Brookfield Renewable, a sizable stake that indicates underlying optimism about the renewable energy provider.

Nothing about Brookfield Renewable's tremendous growth prospects has changed. The future of renewable energy is as bright as ever. Many countries and major corporations are committed to ambitious carbon reduction goals that will continue to drive increased demand for renewable energy.

Brookfield Renewable's installed capacity totals over 19 gigawatts. Its development pipeline stands at more than 23 additional gigawatts of capacity. The company expects to deliver average annual total returns of close to 15% over the long term. I think this stock is ready to rebound in April and keep making shareholders a lot of money for years to come.

Intuitive Surgical

Intuitive Surgical (ISRG -4.37%) is another stock that hasn't been a winner so far in 2021, with its shares down around 9%. Blame the pandemic for the malaise of the robotic surgical systems maker. Delayed nonemergency surgical procedures have hurt Intuitive.

But I view Intuitive Surgical as a likely COVID comeback story. Procedure volumes will snap back as worries about the coronavirus fade. And I expect that will happen to a large extent as more people are vaccinated over the next few months.

I'm especially optimistic about Intuitive's long-term prospects. Aging demographic trends should translate to higher volumes of the surgical procedures for which the company's robotic surgical systems are optimally suited. Intuitive also has significant opportunities to expand into new procedure types.

The company faces competition now after years of enjoying a monopoly in the robotic surgical systems market. My view, though, is that Intuitive's strong track record and huge customer base combined with a growing overall market should enable the company to return to its winning ways of the past. I think that Intuitive Surgical is a rock-solid stock you can buy and hold for practically forever.

PayPal Holdings

PayPal Holdings (PYPL -3.22%) stock was up more than 30% in February. But a broad sell-off of tech stocks caused the fintech leader's shares to give up much of its gains. Still, PayPal remains in positive territory year to date. 

Don't think for a second that PayPal will be hurt as the pandemic winds down. E-commerce sales should remain robust, with the company's payment method continuing to enjoy tremendous popularity. PayPal has also introduced QR code functionality for use with its payment apps in brick-and-mortar stores with close to 600,000 merchants now supporting the functionality.  

The company's Venmo app is a key growth driver for PayPal. I look for Venmo to pick up additional momentum as new features are introduced. For example, PayPal recently launched a check-cashing feature that enables users to quickly and easily cash paper checks with Venmo.

PayPal also is expanding its focus on cryptocurrency with its pending acquisition of Israel-based digital asset security company Curv. With plenty of opportunities for growth in supporting cryptocurrencies and the continued overall shift to digital payments, I think that PayPal is exactly the kind of stock that can make you richer in April and beyond.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

PayPal Holdings, Inc. Stock Quote
PayPal Holdings, Inc.
PYPL
$77.18 (-3.22%) $-2.57
Intuitive Surgical, Inc. Stock Quote
Intuitive Surgical, Inc.
ISRG
$215.35 (-4.37%) $-9.83
Brookfield Asset Management Inc. Stock Quote
Brookfield Asset Management Inc.
BAM
$45.89 (-6.19%) $-3.03
Brookfield Renewable Corporation Inc. Stock Quote
Brookfield Renewable Corporation Inc.
BEPC
$35.48 (0.09%) $0.03

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
349%
 
S&P 500 Returns
122%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/19/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.