3 Stocks I'm Buying Now! August 2020

TL;DR

In this video, the content creator discusses three stocks they plan on buying in August: Nordstrom, Cirrus Logic, and Foot Locker. They also mention Planet 13 and Berkshire Hathaway as potential buy options. The creator emphasizes the importance of understanding the thought process behind investing and highlights key insights about each stock.

Transcript

three stocks i'm buying august 2020 edition welcoming guys to my favorite series i do on this channel each and every month in this video here today we're gonna cover the three stocks that i am planning on buying in the month of august and uh maybe considerably okay i want to explain to you why i want to buy these stocks i'll give you my full bullis... Read More

Key Insights

• 🤪 Nordstrom has under a 10% chance of going under and has potential for profitability and dividend reinstatement.
• 💪 Cirrus Logic's strong relationship with Apple and potential revenue growth make it an attractive investment.
• 💪 Foot Locker's strong brand, connections with major shoe companies, and potential for dividend reinstatement are appealing investment factors.
• 🧘 Planet 13's unique position in the cannabis industry and potential for growth make it an interesting investment opportunity.
• 👲 Berkshire Hathaway's market cap below $500 billion and potential for outperformance of the stock market make it an attractive long-term investment option.
• 🤔 The content creator emphasizes the importance of understanding the thought process behind investing and highlights the value of long-term investing.
• 🤑 They mention the potential for a rotation of money from high-flying tech stocks to retail and value stocks.

Questions & Answers

Q: Why does the content creator consider Nordstrom as a buy option?

The content creator believes that Nordstrom has a strong brand, diverse business segments, and a loyal customer base. They mention Nordstrom's potential for profitability, value as a dividend stock, and the likelihood of the company bouncing back from recent market conditions.

Q: What is the relationship between Cirrus Logic and Apple?

Cirrus Logic is a major supplier of audio chips to Apple, with a significant portion of its revenue coming from the partnership. The content creator highlights the positive impact of Apple's strong numbers on Cirrus Logic's business and potential for revenue growth.

Q: Why is Foot Locker considered a potential buy?

Despite challenging market conditions, Foot Locker has been performing well. The content creator mentions the company's strong brand, connections with major shoe companies, and potential for dividend reinstatement. They also highlight the positive sentiment among long-term investors.

Q: What makes Planet 13 an attractive investment?

Planet 13 is considered a potential buy due to its unique position in the cannabis industry and potential for growth. The content creator mentions the stock's recent price increase and the positive sentiment among long-term investors. They believe that Planet 13 has the potential to be a profitable investment in the long run.

Q: Why is Berkshire Hathaway a good long-term investment?

The content creator believes that buying Berkshire Hathaway shares is a good long-term investment due to its market cap of under $500 billion and potential outperformance of the stock market in the next decade. They emphasize the company's long-term track record and its ability to generate consistent profits.

Summary & Key Takeaways

• Nordstrom: The content creator provides a bullish thesis for Nordstrom, discussing its target market, different business segments, and the potential for the company to return to profitability. They highlight the stock's value and dividend potential.

• Cirrus Logic: The creator focuses on Cirrus Logic's relationship with Apple and its potential revenue growth. They discuss the upcoming earnings report and the positive impact of Apple's strong numbers on Cirrus Logic's business.

• Foot Locker: The content creator mentions that Foot Locker has been performing well despite challenging market conditions. They point out the company's strong brand, connections with major shoe companies, and potential for dividend reinstatement.

• Planet 13: The creator considers Planet 13 as a potential buy, noting its recent price increase and the positive sentiment among long-term investors. They discuss the company's unique position in the cannabis industry and its potential growth.

• Berkshire Hathaway: The content creator believes that buying Berkshire Hathaway shares is a good long-term investment, emphasizing its under $500 billion market cap and potential outperformance of the stock market in the next decade.