We have listed below the best stocks to buy on April 9, 2022.

Lululemon Athletica (NASDAQ: LULU)

The fitness industry is on fire right now. Fitness has become an increasingly popular hobby in the past few years, with more than 66 million Americans now belonging to a fitness club. In addition to sporting activities, fitness clubs offer a wide array of classes, ranging from Zumba to cycling. Gym memberships are also soaring, with more than 300,000 people signing up for new memberships at U.S. gyms each day. 

Furthermore, the market for fitness apparel has grown significantly over the past few years. In the United States, the demand for fitness apparel is expected to reach $11.9 billion by 2022, with a CAGR of 5.7%. 

With this growth and its potential to drive further growth, it’s no wonder that investors have been showing interest in the sector as of late. This is why we’re going to take a closer look at Lululemon (NASDAQ:LULE), a company that makes and sells gym clothing, in this piece.

As people become more interested in fitness, brands have responded with innovative products and services. And the fitness apparel industry has been no exception. With new brands, technologies, and products coming to market every day, this market is ripe for transformation. 

Lululemon is well-positioned to capitalize on this growth thanks to its unique retail strategy and product innovation. The company has a unique approach to the fitness market. Its success has been built upon offering authentic, staple pieces at a great value. Its strategy focuses on aligning with the right partners that understand the value of Lulu’s core product offering rather than trying to reinvent the wheel with new equipment and services.

Cognex (NASDAQ: CGNX)

Cognex Corporation is an American manufacturer of machine vision systems, software, and sensors used in automated manufacturing to inspect and identify parts, detect defects, verify product assembly, and manage warehouse inventories.

Cognex is a global leader in machine vision and solutions for the manufacturing industry. The company helps customers drive production, improve productivity, reduce cost, and eliminate risk. Our solutions are used to inspect products, detect defects, verify product assembly, and track inventory. In addition to manufacturing, our solutions are used in the medical and healthcare, natural resources, and logistics industries. Cognex is headquartered in Indianapolis, Indiana, with additional sales offices and manufacturing operations worldwide.

In the past few years, the market for industrial robots has seen a major shift in demand. This shift has been driven by an increase in the demand for end products, rising production rates, and the adoption of lean manufacturing practices. The continued growth of the industrial sector is expected to drive the demand for industrial robots in the coming years. However, there are several challenges that the industrial sector is currently facing. These challenges could prove to be a major hindrance in the long term. The sector is looking toward new technologies to drive productivity and remain relevant in the long term.

Cognex Corporation (NASDAQ: COGNX) is well-positioned to take advantage of the economic upturn expected to come with the end of the ongoing recession. 

That being said, even though the outlook is favorable, we do not recommend buying Cognex shares. This is because the company trades at a premium to its peers and has a high debt burden. 

DocuSign (NASDAQ: DOCU)

DocuSign is a hosting service that stores digital documents and links between those documents on a secure and scalable database. This storage is necessary to allow people to work together on a project anywhere, on any device. 

The company is one of the most popular providers of electronic signature services. With a mobile app and web-based platform, DocuSign caters to various customers. For example, approximately 3 in 4 businesses have used DocuSign to create legal documents. 

The e-signature market is expected to grow exponentially over the next five years. By 2020, the e-signature market is forecasted to reach USD 1.1 billion. The exploding e-signature market is largely a result of the growing legal and compliance requirements of businesses and the convenience factor of signing documents electronically. 

The legal and compliance requirements of businesses are driving the e-signature boom.     The boom is further driven by the convenience factor of signing documents electronically. For instance, regulatory bodies worldwide have mandated the use of e-signatures to confirm compliance instead of document generation and manual signatures. Many businesses are also adopting e-signatures to reduce the time and cost of document generation and manual signatures.

It is well known that the usage of electronic signatures is increasing. By 2021, it is predicted that the number of users of e-signatures will have grown from 2 billion to 6 billion. More and more businesses are embracing the use of e-signatures for various purposes. Wherever there is an increase in the adoption of new technologies, there is a corresponding increase in supply. 

 For example, the supply of printers has increased, leading to an increase in the number of printers on the market. Hence, there is a corresponding increase in the supply of printers. The same is true of e-signatures.

Ulta Beauty (NASDAQ: ULTA)

The beauty industry is going through a period of unprecedented growth. This is particularly evident in the U.S. where the beauty market is estimated to be worth approximately $147 billion in 2018. The U.S. beauty market is expected to grow at a CAGR of 5.6% during the forecast period. 

Although established players over the years have dominated space, the new entrants have been gaining popularity rapidly. This shift has been led by the growing demand for beauty services in the western world. 

Ulta Beauty also sells its beauty products under the brand name ULTA. Ulta Beauty is owned by the same company that owns the parent company of the popular beauty retailer Sephora. Both companies’ owners are French luxury beauty brand LVMH (Louis Vuitton Moët Hennessy). Similar chains sell beauty products, such as Sally Beauty, MVP, and Harry & David. However, Ulta Beauty is unique because it is owned by the same company that owns Sephora. This allows Ulta to compete with Sephora on a level playing field.

Ulta Beauty was founded in 1992 as a franchisee of beauty stores known as Ulta3. The name was shortened to Ulta in 2000, and the company has struggled to gain mainstream appeal. However, the company is investing heavily in e-commerce, which could give it the boost it needs to become a more recognizable name. 

Ulta is a popular beauty brand with a loyal customer base and has a lot to offer as a stock investment. The company operates over 1,000 stores across the U.S. and has plans to expand its presence in international markets. 

The cosmetics and personal care business is a relatively small but fast-growing sector in the U.S. The industry is also one of the most competitive, with low barriers to entry. Moreover, this is the first time there’s a major threat to the sector in almost two decades. This is due to COVID-19’s ban on the use of many of its active ingredients and the increasing cost of prescription drugs. 

Given its COVID pandemic, we see one of the best entry points for a long-term investment in the cosmetics sector. However, the company’s strong balance sheet and its long history of attractive growth make it an attractive long-term trade.

The post Stocks to buy now – Saturday April 9, 2022 appeared first on Best Stocks.