Salesforce

Close up of Salesforce logo displayed on one of their towers in downtown San Francisco
Sundry Photography/Shutterstock

Leading off our list is cloud-computing software specialist Salesforce, which Oppenheimer reiterated its outperform rating on late last month.

Along with the bullish stance, Schwartz raised his price target on the stock from $265 to $290, representing 10% worth of upside from current levels.

In a note to investors, Schwartz said the stock is worth owning because of Saleforce’s large market opportunity, leadership position, and predictability.

Schwartz also applauded Saleforce’s decision to acquire communication software specialist Slack Technologies for $27.7 billion. Wall Street largely down-thumbed the decision, but Schwartz argues, “The deal is pricey but supports CRM’s long-term growth ambition.”

With the stock off about 4% over the past week, now might be a good time to bet on that ambition using a free investing app.

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Shopify

Shopify on the laptop screen isolated.
Burdun Iliya/Shutterstock

Next up, we have e-commerce platform giant Shopify, which Schwartz maintains as an outperform with a price target of $1,700 per share. In other words, the analyst still sees upside of about 14% from where Shopify currently trades.

In a note to investors earlier this year, Schwartz wrote that the company is a significant part of a “very large and accelerating market.” He also highlighted the company’s still massive international growth opportunities as the pandemic continues to fuel e-commerce.

In the company’s most recent quarter, earnings clocked in at $879 million as total revenue spiked 57% over the year-ago period to $1.1 billion.

Shopify shares have traded sluggishly in recent weeks and are down 4% over the past few days, giving contrarian tech investors something to think about.

Sprinklr

Sprinklr Inc logo displayed on mobile phone
Piotr Swat/Shutterstock

Rounding out our list is cloud-based technologist Sprinklr, which Schwartz recently initiated with an outperform rating. Along with the bullish call, Schwartz planted a price target on the stock of $29, representing significant upside of 65% from current levels.

In a note to investors, Schwartz expressed confidence in Sprinklr’s long-term growth potential, mentioning the company’s leadership position in experience management, increasingly important real-time solutions, and strong internal returns on investment.

Schwartz also highlighted Sprinklr’s pedigree and experienced management team as reasons to be bullish about the company’s ability to compete against cloud computing giants like Salesforce, Microsoft, and Oracle.

Sprinklr shares are down 15% since their IPO earlier this summer, suggesting that the stock could have plenty of room to run for the rest of 2021.

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Go down a different path

There you have it: three Oppenheimer-approved stocks worth checking out.

Even if you don't agree with Oppenheimer's Schwartz on these specific stock picks, you should still look to implement the time-tested strategy of investing in attractive assets at discounted prices.

One asset that billionaire Bill Gates is partial to is investing in U.S. farmland.

In fact, Gates is America's biggest owner of farmland and for good reason: Over the years, agriculture has been shown to offer higher risk-adjusted returns than both stocks and real estate.

Fine art as an investment

Stocks can be volatile, cryptos make big swings to either side, and even gold is not immune to the market’s ups and downs.

That’s why if you are looking for the ultimate hedge, it could be worthwhile to check out a real, but overlooked asset: fine art.

Contemporary artwork has outperformed the S&P 500 by a commanding 174% over the past 25 years, according to the Citi Global Art Market chart.

And it’s becoming a popular way to diversify because it’s a real physical asset with little correlation to the stock market.

On a scale of -1 to +1, with 0 representing no link at all, Citi found the correlation between contemporary art and the S&P 500 was just 0.12 during the past 25 years.

Earlier this year, Bank of America investment chief Michael Harnett singled out artwork as a sharp way to outperform over the next decade — due largely to the asset’s track record as an inflation hedge.

Investing in art by the likes of Banksy and Andy Warhol used to be an option only for the ultrarich. But with a new investing platform, you can invest in iconic artworks just like Jeff Bezos and Bill Gates do.

About the Author

Brian Pacampara, CFA

Brian Pacampara, CFA

Investing Editor

Brian is an editor for MoneyWise. A long-time stock junkie, his work has appeared in The Motley Fool, Seeking Alpha, and Yahoo Finance. He believes in owning "Forever Stocks" — a rare group of businesses that have paid out dividends for decades. Brian holds the Chartered Financial Analyst (CFA) designation.

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