With the recent bear market downturn I have been buying up stock like a madman trying to buy at discount. Yes, so far it has just been going down and down with the exception of the last week but there are some solid stocks to buy and hold for the short/mid term. Here are my current recent picks:
SONY = Strong company, good fundamentals and overall a brand name most people alive today have used. Does not deserve the current price it is at ($82). Current holdings = 6 shares.
AAPL = Same as above except it does not deserve to be as low as where it is at currently ($147). Current holdings = 97 shares.
DIS = Disney, yes Disney is down nearly 40% YTD. I see this stock soaring as oil prices ease, which in my opinion is a main contributor as to why it is so low currently (not the main contributor though). I see this stock as a win if we do go into a recession or do not go into a recession. If no recession happens the parks and merchandise will go back to pre-COVID profits. If we do have a recession then in my opinion Disney+ will keep pumping in funds. Current price of $95 and I see it going above $130 by end of December. Current holdings = 44 shares.
WFC = Wells Fargo should be well above the current price of $40 per share. The pros all agree https://finviz.com/quote.ashx?t=WFC (Citi for example went from neutral to buy in April). Current holdings = 61 shares but will be buying up 14 more tomorrow since this is my most favored stock to buy for a mid term hold.
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