3 STOCKS I'm BUYING in AUGUST 2022
With the market $SPX500 being so volatile, it is more important than ever to be careful with our investments and to focus on fundamentals as there are so many uncertainties surrounding the economy.
The first stock I'm buying in August 2022 is Alibaba $BABA . The stock is down over 75% from all-time high and right now is undervalued. Despite all the risks and uncertainties surrounding tech stocks in China, we need to focus on the long-term. This is a business with great growth potential.
The second stock I'm buying in August 2022 is Prosus $PRX.NV . Prosus is the largest shareholder of Tencent, and is currently trading at a discount to its NAV. It is cheaper way to own Tencent and a few other companies.
The third stock I'm buying in August 2022 is Activision Blizzard $ATVI . This is an arbitrage opportunity as the company will be acquired by Microsoft $MSFT in an all-cash transaction. Right now the spread on the deal is about 20%. Arbitrage is a better alternative than holding cash in such environments.
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