The stock market’s ever-shifting landscape continually reveals standout players each quarter. As we approach Q3, savvy investors are on the hunt, eager to unearth stocks with untapped potential and promising trajectories.

With July around the corner, here’s a roster of stocks we believe are primed for exceptional growth in Q3:

1. Dell — With a storied legacy in the tech realm, this giant stood as a beacon of innovation and reliable returns.
2. Amazon — The e-commerce colossus, perpetually at the forefront of consumer trends, promised robust growth and expansion.
3. Uranium Energy Corp. — Venturing into the realm of energy, this player held the keys to a sustainable future, with vast potential to capitalize on the growing nuclear sector.
4. Stellantis — Merging legacy with future vision, Stellantis was geared up to navigate the ever-evolving automotive landscape.
5. Intel — As a titan in the semiconductor world, its foray into the graphics card market presented new horizons and growth avenues.

The stock market is as unpredictable as it is rewarding. As Q3 approaches, it is evident that those who venture with both foresight and knowledge often find themselves in a prime position. 

Each company carries its own narrative, and in this evolving tapestry of commerce and innovation, the right investment choices become the threads that weave success stories. With Q2 almost behind us, let’s reflect, learn, and invest in the next winners.

Dell – Riding High in Tech

Dell Technologies (NYSE: DELL) is a beacon of innovation in the dynamic tech landscape. Globally, they specialize in various solutions and services, mainly through the Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

Financially, Dell is thriving. A trailing 12-month asset turnover ratio of 1.13x is 85.6% above the industry average. Its trailing-12-month Return on Total Capital is an impressive 12.91%, a vast 675.5% leap from the industry norm. The company’s trailing-12-month EBIT margin stands at 5.45%, surpassing the industry by 25.2%.

Recently, on May 22, 2023, Dell unveiled their APEX offerings, encompassing cloud platforms, storage software, client devices, and computing. This move promises to reshape the tech sector, optimizing business operations and application mobility.

For the quarter ending May 5, 2023, Dell reported a non-GAAP operating income of $1.60 billion and a non-GAAP net income of $963 million, resulting in a non-GAAP EPS of $1.31. Looking ahead to fiscal 2025, Dell expects a 10.4% growth in EPS and 4.8% in revenue, targeting figures of $6.13 and $91.16 billion, respectively. The stock has surged 25.6% in the last nine months, closing recently at $46.85.

POWR Ratings ranks Dell highly based on 118 metrics, giving it a “Buy” rating. Among 44 Technology – Hardware peers, Dell ranks 9th and boasts strong grades in Value and Sentiment.

Dell Technologies is a prime pick for investors scouting for prospects in 2023. Its trajectory signals both immediate and long-term rewards. Proactive investors today could reap significant gains in the next quarter and ride it all the way through the next decade.

Amazon – A Resilient Giant

Amazon’s (NASDAQ: AMZN) recent first-quarter earnings revealed strong revenue and the company’s robust ability to rebound. Despite an initial stock dip after the report, by June 15, the stock soared, marking a 48% growth in 2023. This rebound strengthens the case for considering Amazon as a staple in investor portfolios, given its unmatched presence and diversification powered by persistent secular trends.

With a 38% hold on U.S. online retail, as per Statista, Amazon’s e-commerce supremacy is unquestioned. Its logistical prowess suggests this dominance will persist, overshadowing rivals like Walmart. In 2022, a colossal 84% of Amazon’s revenue sprang from non-cloud activities, mainly e-commerce, raking in around $444 billion. Given online shopping represents just 15% of all U.S. retail spending, Amazon’s future growth seems expansive.

While Amazon Web Services (AWS) only saw a modest 16% growth in Q1 2023, it’s essential to understand the broader, positive trend. AWS boasts a 32% market share in cloud services. Grand View Research predicts a 14.1% CAGR in this sector, hinting at a $1.6 trillion value by 2030. The significant 28% operating margin for AWS in 2022 indicates that it will continue bolstering Amazon’s profit.

Amazon’s digital advertising is another star, growing 23% recently and earning $39.4 billion over the past year. Leveraging its massive global website traffic for ad revenue is a savvy move.

In the AI frontier, Amazon isn’t on the sidelines. AWS’s “Bedrock” allows clients to craft generative AI applications like OpenAI’s ChatGPT. While AI discussions often focus on players like Microsoft or Alphabet, Amazon’s AI ventures promise solid long-term benefits.

Despite being 32% below its 2021 zenith, Amazon’s stock has recently attracted renewed investor attention. Trading at a price-to-sales ratio of 2.4, well beneath its ten-year average, it presents an attractive investment opportunity.

Amazon is a compelling investment choice today because of its market leadership, growth potential, AI initiatives, and enticing valuation.

Uranium Energy Corp. – Capitalizing on the Renaissance of Nuclear Power

Investing in raw material suppliers for emerging energy markets is a savvy “picks and shovels” approach. Given the complexity of direct investments in the uranium market, stocks like Uranium Energy Corp (NYSEMKT: UEC) stand out as gateways to the revitalizing nuclear energy sector.

With assets across North and South America, UEC’s footprint in the uranium industry is vast. Its stature grew when it bagged a significant contract from the U.S. Department of Energy, pledging to deliver 300,000 pounds of triuranium octoxide to the Strategic Uranium Reserve.

Understanding UEC’s potential requires a look at the core drivers influencing price. Like most commodities, uranium prices are swayed by demand and geopolitical events. Fortunately for investors, these factors are currently aligning favourably.

The debut of Small Modular Reactors, which are compact nuclear plants, signals a fresh chapter for the nuclear sector, amplifying its allure.

The Inflation Reduction Act hasn’t sidelined nuclear power. It’s set aside a massive $40 billion for loans and an additional $3.6 billion for clean energy projects, covering nuclear energy. Moreover, it proposes tax incentives for certified nuclear power operations, with a bonus for meeting specific wage criteria.

An unexpected boost to uranium stocks’ momentum comes from Oliver Stone’s documentary on nuclear power. While not the primary driver, it undoubtedly enhances the overall positive vibe.

While opinions on nuclear energy vary, the investment world is rallying behind it. Supported by the Inflation Recovery Act, nuclear power’s comeback is on the horizon.

For those considering uranium-focused stocks for diversification, now seems an ideal time to dive in.

Stellantis – Powering Ahead in the Electrification Race

Emerging from the powerful amalgamation of Fiat Chrysler Automobiles and PSA Group, Stellantis (NYSE: STLA) has an enviable portfolio of automobile brands under its belt, boasting names like Chrysler, Dodge, Fiat, and Jeep.

Historically, Stellantis might have appeared as a slow starter in the EV (Electric Vehicle) race. However, recent developments showcase its aggressive pivot towards electrification. The company has loftily set its sights: aiming for its European sales to be entirely electrified and for half its U.S. sales to transition to EVs by 2030. 

The ambition doesn’t end there; Stellantis eyes a staggering 5 million global EV sales annually by the close of the decade. The strides it’s making in this direction are evident; in 2022 alone, the company rolled out over 529,000 EVs, of which a significant chunk, 300,000 to be precise, were purely battery-driven.

Stellantis’s expanding EV repertoire was pivotal in making 2022 a standout year for the company. The Fiat New 500 wasn’t just Italy’s favourite EV; it clinched the third spot among electric vehicles across ten prime European markets. Furthermore, the Peugeot e-208 carved its niche by becoming the top-selling EV in France.

In a move underlining the strategic importance of Stellantis in the EV ecosystem, the Ontario government in Canada has extended its support, expressing intent to bolster financial backing for the company’s battery plant in the province. Stakeholders and investors are keenly awaiting the fruition of discussions centred around this vital battery plant initiative.

Financially, Stellantis’s performance has been commendable. It reported an impressive Free Cash Flow (FCF) of €10.8 billion in 2022, marking a substantial 78% surge when juxtaposed against the 2021 figures. This trajectory indicates the company is on track to realize its strategic ambitions by 2030. The recent financial disclosures further cement optimism surrounding Stellantis’s future prospects.

Intel – Resurgence in the Graphics Card Market

Historically, NVIDIA and AMD were the go-to names for high-end graphics cards, but Intel (NASDAQ: INTC) is now challenging that status quo.

Intel made a notable foray into the discrete graphics card market in October 2022. Known for its CPU-integrated graphics, this move was a marked departure from their norm. However, the launch of the Arc graphics cards had hiccups, primarily due to software driver issues. With compatibility problems and rumours of potential withdrawal from the segment, Intel’s market share was a mere 2% by Q4 2022.

But Intel, true to its form, rebounded. Software driver updates drastically improved game performance. Games like Counter-Strike: Global Offensive and League of Legends saw a 43% performance increase from the launch drivers. With competitive pricing, Intel’s market share shot to 4% by the next quarter. While still behind NVIDIA and AMD in the high-end segment, Intel’s Arc cards are gaining ground in the mainstream market.

Intel’s Xe Super Sampling (XeSS) feature, an AI-powered enhancement tool, further distinguishes the brand. With over 50 games supporting XeSS, Intel’s innovative streak is evident.

Growing endorsements from board partners, including Sparkle and Biostar, underscore Intel’s evolving clout in the graphics world. Sparkle re-entered the graphics arena after a long break, collaborating with Intel.

Intel is poised to continue its ascent with the upcoming Battlemage graphics cards launching next year and improved software.

While Intel faced initial hurdles in the graphics sector, their persistent efforts are starting to pay dividends. They’re not just in the race but are fast becoming a force to reckon with.