Right now, inflation is on its high wave, and recession might hit the world anytime soon. During times like this, many people are devastated and pushed down the poverty line more. At the same time, others make a load of money and increase their wealth. Why this huge difference? It all comes down to one thing. The knowledge of how to take advantage of the market when others are swept off by the unforeseen flood of market fall. You sure want to be part of a winning party that will swim gold out of the flooding events running presently in the stock market. That’s why you are here. In today’s blog, we want to show you the top 8 stocks we believe are a good buy at this time of the year. This blog promises to move you from an observer of the market to an action taker and profit grazer. So, ensure you read till the end. Here are the eight stocks to buy in August 2022.
Adobe
At the current price of 409.96 per share, we believe it’s sensible to head into the jungle and get more adobe stocks into our portfolio. If you’re thinking of AdobeAdobe as pdf software, you’re right. But there’s more you need to know. Software like photoshop, lightroom, illustrator, aftereffects, premiere pro, acrobat, and InDesign are a few of the over fifty tools behind this company. Most of the videos and graphics that go online today will, at a point, pass through Adobe software. That’s why the stock price says something beyond just a pdf tool company.
Checking the last five years, Adobe has been growing in revenue and net income from two billion in 2017 to about four billion last year. With improvement in products that better meets the market need, we can predict that AdobeAdobe will thrive and record even greater revenue and performance in the coming years. They also took part in the current market fall with a 42 per cent drop in share value. Nevertheless, the earnings per share and PE ratio are around ten dollars and 40 per cent presently, which are still good compared to their competitors. You bet this is the right time to enter and wait for the stock to get back on their feet and soar high as the market becomes green again.
Coinbase
What can you say of the leading regulated crypto exchange company at the time of this blog? Yes! We are talking about Coinbase. If you believe crypto is here to stay or you are updated about the market movement, you probably have a guess of what it means to have this stock in your portfolio. Coinbase has recorded brilliant growth in the last two years. Currently, they report close to eight billion dollars in revenue and a 46 per cent profit margin.
Even though the stock price is down to 67.23 dollars, their customer base is becoming wider. So, we can easily predict greater revenue and profit margin as we head into the last quarter. The PE ratio is about 5.39 at the time of this blog. On analysis, the stock is presently underpriced, and it’s a good time to get in and look forward to the next twelve months. Maybe you are bewildered by the volatility of the crypto market, so you decided to stay off. You can still earn your share of the crypto wealth through investment in stocks like this.
Disney
Disney is one of the leading companies in the streaming and entertainment industry. Consumers can enjoy theme parks, resorts, and film and TV networks.
Although their price-to-earnings ratio is high at around 75, investors can still benefit from this stock considering the price point. The stock price is now down to its level five years back, which means you can gain from the company’s growth over the years at a discount price of about 105 dollars. Disney’s net income report for the first quarter of this year is around two billion dollars, with a market cap of 199 billion dollars. Disney’s parks and resorts are now healing from the covid shutdown and currently generating awesome profits for the company. Customers are willing to spend and enjoy more, and Disney plus is offering them what they want in entertainment. Now you can see why they made it to our list of profitable stocks in this blog.
Starbucks
Starbucks is an American corporation known for its coffee and roastery houses. Beyond coffee, they serve other drinks like vanilla, pumpkin, cinnamon, hot chocolate, and many more in over thirty thousand houses worldwide. This put them at the forefront as the largest coffee company in the world. Enough of the talk. Let’s see why they are a good buy in this bear market period. The price point of their stock is not an exception from the market fall. It dropped by over thirty-five per cent from about a hundred and fifteen at the beginning of this year to eighty-three dollars at the time of this blog.
However, they have been an excellent company over the years and even shone again after the covid shutdown. Now that people can go out, there is a bigger probability of better performance in the coming year. Their profit margin is at 8.83 per cent, and they had an amazing seventeen per cent increase in global store sales in the last Q4, making them end 2021 with total revenue of approximately 24 billion dollars. Starbucks provides a coffee environment that suits the transition to the online world. We hope they will do well as much as they made it to our list.
Nvidia
The best way to make a fortune is to observe the future and take advantage of any opportunity it presents. This is an adage for every enthusiastic tech investor to consider when it comes to the metaverse. Before we used to say it was coming but that doesn’t hold anymore because it has arrived. What does this have to do with this stock? Nvidia designs graphic processing units, application programming interfaces, and chips units. Since metaverse and other new technologies will run their visuals on GPUs and other things that they create, Nvidia is most likely to experience nothing but growth in the future.
At a profit margin of about thirty-six per cent and over twenty-six billion in revenue, it’s apparent that the company is doing well. The forty-six per cent drop in stock price this year is just a rare discount from the stock market to opportunity spotters and action takers in the stock industry. This is our perception of the current price of around 183 dollars per share. Analysts predict that it’s most likely that the stock price will rise by two hundred per cent in the fifty-two weeks. And should the game turn around, you have little to lose as this is a company that will record more success in the future.
American Express
American Express is the number one company in the credit card issuing business. They issue credit cards to individuals, small enterprises and cooperative bodies and include travel-related offers with their credit cards. American Express stock is currently trading at 151 dollars, and they have a market cap of hundred and seventeen billion dollars. Their PE ratio and dividend yield record say 15.96 and 1.34 per cent, respectively, which is quite a good point for price advantages. We can also count on their strong return on equity of above 31 percent and the revenue of almost 48 billion dollars in 2021. Analysts predict that the price will go up by around 28 dollars. After the lockdown, people are now hungrier to spend and travel. The result showed a surge in consumer spending on airlines and lodging in the second quarter of this year compared to 2021. American Express will be one of the beneficiaries of this consumer shift in behaviour. On a general level, we think this company will perform better in the coming years, which makes them a good buy in this blessed month.
Unity Software
Announced and released seventeen years ago, Unity is one of the two giants when it comes to game engine production. They are brilliant at working toward the realistic visual interest of the gaming customers. Very soon, we might move to a new scene where you can hardly differentiate between real human and digital graphics. The present price point is 40.96 dollars which indicates an eighty-two per cent drop from what we had at the beginning of this year. As of 2021, the company recorded a revenue of over a billion dollars which represents a 36 percent increase. And with the look of things, they will perform even better this year. If you love games and you want improved interfaces, this is where you can invest, and if you are not a fan, you can also make money betting on this stock’s chance of progressing forward.
Now known as Alphabet Inc, Google is not just the biggest search engine in the world but it took over ninety per cent of the search engine market share. This shows how strong and booming a company they are. We see this glaringly in their stock price in the past two years. But now, the bear has taken its turn on their stock, and it’s traded at a hundred and fifteen dollars per share as at the time of this blog. Alphabet Inc’s market cap is currently marked at around 1.5 trillion, a PE ratio of 22.37, earnings per share of around 5.6 dollars and a profit margin of 22.96 per cent. It’s predicted that the stock price is likely to rise in the next twelve months since the price fall has nothing to do with the strength and growth of the company. Recently, Google made a new move of breaking their share into smaller bits of twenty to one. This means that if you owned a share of the company before, you now own twenty shares after the splitting. Splitting allows investors to go in with smaller investments than before. On top of that, splitting shows that google has grown to a point where its stock price is high for many investors. That, of course, is a sign of a favourable space for stock growth. The splitting is like a discount for a small amount and institutional investors to get in. As technology continues to take over the world and people rely more on digital information, Google will surely perform much better. And you know what that means if history is to be repeated. Hold for long, and you might find your way to financial freedom.
You have read this far. So, it’s befitting that we add a bonus for you. That is one piece of Buffett’s investment advice that says, “never invest in a business you don’t understand”. This might appear like common sense, but a lot of people are falling victim. Just because someone suggests a stock, doesn’t mean it’s good for you. You have to do your own research and come to your own conclusion before you commit. Remember that you’re investing your hard-earned cash.
If you enjoy this blog, appreciate the work behind it by hitting the like button and sharing it so others can also take advantage of the present bearish market. Remember that this is not financial advice. We are just giving you insights into what might be profitable investments right now. Ensure to do your research first, then commit your money. Before we leave you to do more research, we’ll love to know the stocks you want to buy this month and why. The comment section is the right place for your answers. Thank you.
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Recommended books for further reading:
- The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits
- The Financial Times Guide to Investing:The Definitive Companion to Investment and the Financial Markets: The Definitive Companion to Investment and the Financial Markets
- Smarter Investing: Simpler Decisions for Better Results
- Investing QuickStart Guide: The Simplified Beginner’s Guide to Successfully Navigating the Stock Market, Growing Your Wealth & Creating a Secure Financial Future
- The Five Rules Successful Stock Investing: Morningstar’s Guide to Building Wealth and Winning in the Market
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