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2023 and The Stock Market

Dr. Adnan Rafique

It’s been a while since I published the list of stocks that I like. The stock market has been very volatile but just recently it has started to reverse the course. People have been sitting on the sideline waiting for an inevitable slowdown, and some say there will be another recession very soon. I’m no financial or stock expert, but I do follow people who are. I believe in the philosophy of the most successful investor who ever lived, Warren Buffet. He says that he invests for the long term and that he never tries to time the market, but yes, he has his own pattern that he follows in the market. He buys when people are fearful and negative about the market and he sells when every Tom, Dick, and Harry is happy and making a lot of money in the stock market.

He buys very valuable companies at a cheaper valuation with solid fundamentals and low debt.

I try to follow the same, but I also take a little more risk with relatively newer companies with excellent products and services like AI, cybersecurity, robotics, and data.

The key is to buy with a limit order and don’t buy all the stocks at one time. Also, do dollar cost averaging when you believe in the company and the stocks are down (just because the whole market is down).

There are some stocks that I added in the last few months and some that I would like to add in the future.

I’m no expert, so please do your own due diligence before you buy any stocks that I mention in my blogs.


1- MDT: Medtronic is a very well-known healthcare device manufacturer with great products and several in the pipeline. It has consistently raised dividends for the last 10 years.



2- TGLS: Technoglas offers advanced, energy-efficient digital print glass products. It has been growing 50% YoY, already a profitable company. It can be a great name to hold for the next 3-5 years.


3- MBLY: Mobileye is a spin-off from Intel and it engages in the development of autonomous driving technology. It can be a good name to acquire at a price under $40.


4- PSA: Public Storage is a strong self-storage operator with consistent outperformance, a solid balance sheet, and an attractive yield of 4.2%.



5- NEE: Next-Era Energy is a dividend aristocrat with a focus on green energy and solid growth. One of the best stocks to hold for 10 years.


High Risk/High Reward.

Now, a few names I like for rapid growth in the future. I have most of these names in my kids' portfolio because they have a much longer time horizon and their risk tolerance is different from mine.


JOBY: Joby Aviation is one of the pioneer companies in the emerging electric vertical take-off and landing industry. This company has partnerships with names like Toyota and the US Air Force, and they are securing contracts that bode well for future revenue-generating opportunities.



GTLB: Gitlab is a rapidly growing software company.


PLAB: Photronics is a manufacturer of photomasks, which are used in the production of semiconductors and flat panel display.


Disclaimer:

I’m not a professional security or investment advisor, please do your own research before investing in any equity and be fully aware of the risk of losing all your money in stock market and/OR in any other investment mentioned on this website. My website has been prepared for informational and motivational purposes only and is not intended to be used as a complete source of information on any particular company. To the fullest extent of the law, I will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided on this website. IF YOU DO NOT AGREE WITH THE TERMS OF THIS DISCLAIMER, PLEASE EXIT THIS SITE IMMEDIATELY. PLEASE BE ADVISED THAT YOUR CONTINUED USE OF THIS SITE OR THE INFORMATION PROVIDED HEREIN SHALL INDICATE YOUR CONSENT AND AGREEMENT TO THESE TERMS.


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