A Top Stock To Watch And Buy For The August 17-21, 2020 Trading Week.

Stock picking is tough. Stock investing is riskier, compared to mutual funds. But picking and holding the right stock over the long term can make you rich. Here's our top stock pick for the August 17-21, 2020 trading week. You can check out our previous weekly stock picks.

World stock markets have somewhat recovered from their coronavirus pandemic March 2020 lows, but there are still lucrative opportunities out there. Each weekend, we will attempt to highlight a stock we think has great future upside, and could deliver solid returns in the near to long term. Without further ado, our top stock pick for the August 17-21 trading week is...

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Chegg, Inc (CHGG)

Let's take you to the Consumer Discretionary sector and Education and Training Services industry with Chegg, Inc  (CHGG). CHGG is a company that is transforming the way students learn. It "operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them pass their test, pass their class, and save money on required materials." Located in Santa Clara, CA, CHGG offers many digital products, including Chegg Services, Chegg Study, Chegg Writing, Chegg Play, Chegg Tutors, Chegg Math, just to name a few. Learn more about Chegg, Inc. 

The coronavirus pandemic has not been too kind to Chegg, Inc. CHGG closed down at $29.64 on 03/20/2020. However, the stock has rebounded from its pandemic lows. CHGG hit a 52-week high of $89.82 on 08/07/2020. Recently, the company surpassed Q2 earnings and revenue estimates. CHGG gained +$0.28/share or 0.36% to close at $77.14 on 08/14/2020. CHGG has a solid track record of rewarding investors. 

CHGG Historical Performance

Below are the historical returns for CHGG. Where appropriate and available, we display returns for the S&P 500 for comparison. Returns data are courtesy of Seeking Alpha. Data is current as of the article publication date.

The bottom line

The secret to building sustainable wealth is investing in companies with solid business fundamentals and holding them for the long term. Chegg is the "leading student-first connected learning platform". It is currently trading at $77.14/share. It has a P/E ratio of 5934 (Yahoo Finance) and a Zack's Rank of 3 (Hold). The widespread adoption of virtual or online learning should continue to benefit Chegg. We believe an investment in Chegg, Inc. is a wise move. For more information, visit the investor relations page. 

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Disclosure: We are long CHGG. We wrote this article ourselves. It expresses our opinions. We do not receive compensation from the companies highlighted, nor do we have any business relationships with them. All data is current as of the date of article publication. This article may contain affiliated links to one or more investment products. We may receive a small commission when you click on the links and sign up for services. Thanks! Information presented here should not be construed as financial advice. You are always encouraged to conduct your own research. Our full disclaimer.

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