Adnan Rafique M.D.
The stock market is maintaining its volatility. Lots of people are busy taking profit and raising cash for upcoming corrections. I have no way of knowing when the market will take a nosedive. I like to stay in the market with some quality names but when the market goes down, I'm so ready to buy more of the same. There are so many great companies that I would like to have in my portfolio when they go on sale at discounted prices. I like to keep my shopping list ready. Below are some names which may give investors a great opportunity if they are able to buy these names at discount and then hold it for 3-5 years.
DIS: I have recommended The Walt Disney company before and I still like the name, they have streaming business going very well and also their theme parks can be a huge source of revenue once covid comes under control. So it's a perfect name to keep for a long time.
COIN: Coinbase is a new name, somewhat speculative and high risk. They have lots of cash in hand and with this crypto-mania going at full speed, Coinbase can come out as a winner. Coinbase allows you to buy and sell a variety of cryptocurrencies. If you don’t like to own any specific crypto, Coinbase can be another option to play Crypto.
SNOW: Snowflake, Inc provides cloud data warehousing software. It offers data warehouse modernization, analytics and security analysis solutions to government agencies. Market cap is $90 billions. With any dip, I will be piling up this stock.
GNRC: Generac holdings Inc. designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company set a new target 2024 of $5.5 billion in net sales in the midpoint and free cash flow in the range of $2 billion to $2.5 billion in 2022-24. By the end of 2024, Generac (GNRC.NaE) projects $3 billion to $3.5 billion of liquidity.
AVGO: Broadcom Inc. designs, develops, and supplies semiconductor infrastructure software solutions. It offers semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. AVGO is another way to play the success of IPhone 13. It also pays a decent dividend.
BIP: Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses in North and South America, Europe, and the Asia Pacific. This company could be a great beneficiary of infrastructure spending in the US and around the world.
High Risk /High Reward stocks:
There are some names which can give investors huge returns in future, huge returns come at high risk, People with higher appetite for risk may want to own some of these names. I don’t invest more than 10% of my portfolio in this category.
FUBO
REKR
CHPT
TAL
CPNG
TTCF
Always do your own research and learn how to read the balance sheet of the company. Avoid companies which you don’t understand, don’t have revenue or have a large debt/equity ratio. If you want to win in the stock market, have knowledge, patience and quality names in your portfolio. Don’t try to time the market, learn how to stay in the market with good growth and value stocks, buy when everyone is selling and sell when everyone is buying.
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