Almost Friday’s Hottest Stocks of 2019
Do you keep your savings in a savings account? Are you exclusively a mutual fund investor (@daveramsey)? Do you want to take advantage of the so-called time-value-of-money? Well if you’re in the market for some new stocks, then you’ve come to the right place. Here’s my 5 must-buys that should be added to your portfolio.
Company #1: Match Group (match.com)
Ticker symbol: MTCH
Share Price: $70.99
Recommendation: BUY
Ok who am I kidding I’m not actually talking about match.com. I’m talking about TINDER BABY! Tinder is the number 1 downloaded app of all time! That gold subscription is going off and pulling in more revenue than Sweet Keith’s Treats did in the 90’s (adjusted for inflation). Not to mention how well Match’s other holdings are doing, including OkCupid, PlentyOfFish, and Meetic, to name a few. I think the AF community can agree that dating apps are fire and we can’t get enough of them. Believe it or not, but the rest of the world has the same fancy for them. I’d also like to point out that this stock has been hovering around a share price of $69 over the past few days, and if that’s not a sign to buy then we may as well be in a bear market.
Now there is one caveat. This stock is relatively expensive right now. Typically I treat the buy-low sell-high strategy as a law even more sacred than Leviticus 20:15, but I am bullish enough on Match to break it. Below is the 52 week price range, showing the dot where the current share price is. Generally this graph is the main thing I look at when evaluating new stocks to buy, and I’ll buy if the dot is far to the left. Obviously this dot is far to the right, which is what I mean by expensive, but I’m still going to recommend and I’ll live with the guilt if it plummets after you buy.
Company #2: The Boeing Company
Ticker symbol: BA
Share Price: $353.70
Recommendation: BET
Should I be recommending one of my main competitors? Well you know I’m not gonna recommend Lockheed Martin and get put behind bars for insider trading. But to be honest you should buy this one if you’re down to sign up to the long-term game here. The price is low right now due to the 737 max issues, which poses a good buy-low sell-high strategy. Everyone knows Boeing is a stable monopolyish company kicking airbus’s ass in the commercial game, so buy in now and give it a few years to make some serious gains.
Company #3: Nvidia
Ticker symbol: NVDA
Share Price: $145.50
Recommendation: BUY
Here’s one even lower on the 52-week Totum pole. Maybe you’ve never heard of Nvidia, but have you heard of the GPU? Yep, they invented it. There’s two main reasons the stock price is pretty low right now (-51% against the 52 week high). One reason is Trump, and his tariffs on China. Fortunately Trump will be out of office next year, which should put Nvidia’s sales back up. The other reason is due to the “crypto hangover.” Nvidia was pumping out GPUs to all my little brother’s friends and their moms when there was a frenzy to start mining bitcoin. Now that people are mostly HOLDing instead of mining, Nvidia was left with hella extra GPUs in their inventory. However, we all know demand for GPUs will stay strong over time as self-driving cars and other robots continue to develop. And lets face it, if you’re buying a tech stock you’re going to make some serious money no matter what.
Company #4: Maxar Technologies
Ticker symbol: MAXR
Share Price: $6.13
Recommendation: BET
Maxar is a space company made up of its previous acquisitions DigitalGlobe, SSL, and MDA. Now I’m going to be frank and say this is a risky buy. But there’s also quite an upside, and a helluva backstory. At the end of 2017 this company had a market cap of >$4 billion dollars, and it is now worth $350 million. Check me on the math, but that’s over a 10X decrease in price over a year and a half. We have clearly stumbled upon the jackpot on the buy-low sell-high strategy. Granted some things aren’t going great for them: they’re in a lot of debt, their GEO communication satellite business is declining rapidly based on the LEO mega-constellation race, and their latest and greatest Lockheed-built imaging satellite failed back in January (but they did get paid out $180 million of insurance). Frankly, they’re probably never going to go back to a $4B market cap, but they have landed some recent contracts with the NRO, NASA (sorry Bryce, rip PPE), and DARPA that show some promise and could extend into larger programs. And even though I would definitely be recommending Planet over DigitalGlobe if it was publicly traded, I am still bullish on the commercial remote sensing industry overall and DigitalGlobe has maintained the lead on resolution.
Bottom line: Maxar is either headed for the pink sheets or back up to 3 commas. Might as well buy.
Company #5: Beyond Meat, Fortinet, Square, Tesla
Share Prices: $138, $73, $68, $204
Recommendation: Take your pick
All good options. The first two are firing, but high price relative to 52 week range. Last two are low, and are probably going to do great long-term. Wasn’t sure which of the four stood out so here’s all four.
Bonus nugs:
Always put in the $6k limit per year to your roth IRA
Pay attention to the 52 week bar
Make sure you get in some ETFs as well, not just stocks. Buy it and let it sit for 20-30 years. Some solid ones: IYW (tech), ONEQ (nasdeq), VTI (total market)
You shouldget a new credit card with a great sign-up bonus once every two years at a minimum. If you like free money, you should just churn them as often as the banks will let you.
If you donate money, look into a charitable giving account. There’s some really significant tax benefits if you own appreciated stocks.
To be honest, a cat can probably pick better stocks than you and I. It’s true, click on that link and read a story where a cat beat a bunch of Wall Street pros with its stock selection. So if you don’t want to risk it, just buy all IYW cuz tech will make you rich.
Is money going to buy you happiness? No. Well, maybe. But regardless, if you have money you might as well use it to make more.
