To The Moon

TGIF! Great Stocks On Sale 🔥

With the US stock market so heavily beaten down from its high, some of the best companies with strong fundamentals are indeed on a discount!

My top pick will be none other than $Microsoft(MSFT)$. Its productivity tools are pretty much recession proof (most companies can’t just cancel their subscription) and it has a strong growth engine, the Azure cloud services which ranks second in the market with over 30% growth annually. With demand for mobility and AI, Azure is well poised to capture this market. Let’s not forget Microsoft’s dominance in the gaming sector with its Xbox. The gaming sector is expected to grow over 10% annually over the next 5-10 years. 

Next, I would go for $NVIDIA Corp(NVDA)$. A leader in GPUs with continuous innovation to bring the best chips supporting data centres, AI/Machine Learning, digital twins etc. Its chips are used widely in many sectors, from automobiles to healthcare and gaming as well as data centres. It is well-positioned to capture the growth of most industries. 

Lastly, it will be $Amazon.com(AMZN)$ . Some may argue that the P/E ratio is way off the charts, however one must be cognisant that Amazon is investing heavily (in its current and new business segments) that will further cement Amazon as a rock-solid conglomerate in theyears to come. Amazon's e-commerce business is highly reputable and will bounce back once the current headwinds are over. Its advertising business has been growing at an exponential pace (just behind Google and Facebook) and its cloud services (AWS) remains the no. 1 inits industry with continuous year-on-year growth of over 20%. 

While the above companies appear to be on an attractive discount, it is imperative to note that the headwinds are not entirely over. Interest rates are likely to continue increasing, albeit at a slower pace. However, if we choose fundamentally strong companies with good prospects, we will be able to tide through this volatility. 

Happy holidays and may the market be in yourfavour! 

PS: To my fellow Tiger friends that I have tagged you again, I just realised it must be a post instead of comment for coins. Do take note!

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