3 STOCKS I'm BUYING in MARCH 2021
๐ฐ March 2020 was the best month ever to buy stocks. The market $SPX500 briefly entered a bear market and everything was crashing. That's when I made some of my greatest investments, including my famous GameStop $GME bought at $3. This year, the situation is different. Stocks are back in a bubble and I do have a lot of cash on hands from these GameStop profits to spend. What's important, I believe, in a market bubble is to ๐ ๐๐๐ฅ ๐ฉ๐๐ ๐๐ค๐ง๐ง๐๐ก๐๐ฉ๐๐ค๐ฃ ๐ฌ๐๐ฉ๐ ๐ฉ๐๐ ๐ข๐๐ง๐ ๐๐ฉ ๐ก๐ค๐ฌ. This can be seen in all 3 stocks I'm buying in March 2021:
๐ Genworth Financial $GNW
We are seeing the beginnings of a ๐ฃ๐๐ฌ ๐๐ค๐ช๐จ๐๐ฃ๐ ๐๐ค๐ค๐ข with the record low mortgage rates and many home buyers will require mortgage insurance. Genworth Financial is a private mortgage insurance business.
Genworth has a market cap of $1.5 billion for a book value of $15 billion. It is massively undervalued, a deep value stock. The interest yield from their $80 billion portfolio is itself bigger than the current market cap. There's also the ๐ฅ๐ค๐จ๐จ๐๐๐๐ก๐๐ฉ๐ฎ ๐ค๐ ๐๐ง๐๐๐ฉ๐ง๐๐๐ if it gets acquired by China Oceanwide. The deal now seems unlikely but at current price, this is a good investment in my opinion.
๐ฎ DouYu $DOYU
DouYu is the ๐๐ฌ๐๐ฉ๐๐ ๐ค๐ ๐พ๐๐๐ฃ๐. DOYU has more users than Twitch and the gaming market in China is growing very rapidly. DOYU is a value stock at current price and looking at the potential growth, it could be one of the rate growth-value stocks. There's also the possibility for arbitrage as the company is going to be acquired by HUYA.
๐ UNFI $UNFI
United Natural Foods is the largest food distributor in the US and they have a moat in organic and natural foods with their largest customer being Whole Foods (owned by Amazon $AMZN ). For $27 billion in revenues, the company has a market cap of only $1.5 billion. Another ๐๐๐๐ฅ ๐ซ๐๐ก๐ช๐ ๐จ๐ฉ๐ค๐๐ . They have some big debt but I believe they will be able to pay it with their current cash flow and divestitures. This is a potential tenbagger.
Watch the full video on YouTube:
https://www.youtube.com/watch?v=qK9SlO0D60U&list=UUPO3uUyoXSaFWG-Ldq1mqEQ&index=1
Full analysis of UNFI:
https://ishfaaqpeerally.teachable.com/courses/662813/lectures/30455848
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