My Black Friday Shopping List
πππBlack Friday Sales are happening now and it is time to stock up on my favourite stocks πππ
My top picks for my US stocks Black Friday Shopping list are$Apple(AAPL)$
and Amazon.
I choose Apple as my top choice because it is a phenomenal company with a market capitalisation of USD 2.36 Trillion. Apple has a wide moat with its brand and ecosystem. Of all the FAANG stocks Apple is the most resilient. In its 3Q22 earnings report, revenue increased 2% year over year. There is also supply constraints that limited sales as well as macroeconomic headwinds of high inflation, rising interest rates and strong US dollar.
However Apple has the cash flow to withstand the current volatile market. Apple generated nearly USD 108 billion in free cash flow. This means that Apple can both pay a dividend and repurchase shares. In the most recent quarter, Apple returned USD 28 billion to shareholders through a combination of dividends and share repurchases.
I love dividends and Apple is top pick for Tech stocks.
Amazon is my 2nd top pick because it is undervalued and oversold. Amazon is not only the King of ECommerce, it is wonderful combination of many businesses including cloud computing, online advertising, digital streaming, Artificial Intelligence, supermarkets, heathcare and many more.
Amazon's 3rd quarter sales growth was impressive with 15% increase year over year revenue growth to USD 127.1 billion. However Amazon 's net income fell to USD 2.9 billion from USD 3.2 billion last year.
The star performer is Amazon Web Service. Its Q322 growth was 27%. Amazon Web Service market share is 32% of the total cloud service market ahead of its competitors Google and Microsoft 's Azure.
There is currently a lot of fear on how the global economy is slowing down, high inflation, rising interest rates, strong US dollar that is adversely impacting Amazon' s share price. But Amazon 's long term prospects are still bright with a booming AWS business, ECommerce growth.
So the 2 AA stocks Apple and Amazon are my Top Picks for Black Friday Sales. I am bullish on both of them to buy and hold with a long term horizon of at least 5 years to receive market beating returns.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- ZenInvΒ·2022-11-28TOPAAPL could face some temporary head winds42Report
- JeremyKokΒ·2022-11-28TOPthank you for sharing.35Report
- DionysiusΒ·2022-11-28TOPlove their products17Report
- ChernTiongΒ·2022-11-28thanks for sharing5Report
- upupahcaiΒ·2022-11-30Apple still yet to go through an earnings compression2Report
- MichTΒ·2022-11-28THanks for sharing5Report
- EpeeΒ·2022-11-28Thanks for sharing!3Report
- GneissΒ·2022-11-29Wow, this is the best shopping. With return of investment1Report
- jaxetronΒ·2022-12-03thanks for sharing1Report
- ChallengerDTΒ·2022-11-29$Tesla Motors(TSLA)$ buy1Report
- HHζ΅©Β·2022-11-29Good to shop when there is a sales. π€1Report
- AlvinYapΒ·2022-11-29Nice. Shopping list2Report
- RXUΒ·2022-11-28thanks for sharing ur honest view2Report
- ζε―ζζ£θ±Β·2022-12-02Thanks for sharing1Report
- yenruenΒ·2022-11-29ksksksks1Report
- PE24Β·2022-11-29thanks for sharing2Report
- IvantcwΒ·2022-11-29Thanks for info2Report
- ivanasorousΒ·2022-11-29Good sharing. Thanks2Report
- ChaiKCΒ·2022-11-29Thank you for sharing2Report
- vaztanΒ·2022-11-29cannot go wrong on your choice. you must have deep pocket or long term investment strategy1Report