I will be giving out some advice on where to park your money during this interesting time in our economy. I will not be saying to park your money in that bond that pays over 7% (https://www.cnbc.com/2021/11/02/sweating-inflation-this-risk-free-bond-pays-7point12percent-for-next-six-months.html). I will stick to stocks, not even including ETFs. This list is only for the mid term, so do not yell at me if in 3 days the stock drops 5%. We are looking for good growth over the next 6 months – 2 years.
Ranked from favorite to least favorite (each of these stocks is over 25% down YTD btw):
1) Old Dominion Freight
2) Advanced Micro Devices
3) Shopify *Announced today they will be doing a 10-for-1 stock split
I truly believe oil prices are only down because of the China lockdowns. The minuscule reserves release is helping the price to go down a little but this fun of oil prices going down is going to come to a halt once China opens back up again and the summer months come with everyone wanting to travel. Even with this in mind the 3 above stocks should do quite well over the mid term, yes even ODFL.
What are your thoughts on all of this?
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