Tuesday, June 16, 2020

3 Recent Buys – GOOGL, FB, BABA

A quick update on recent buys in my portfolio. A lot of high profile investors are coming out of the woodworks to warn that the stock market is overvalued, but I’ve continued investing over the week.

  • First purchase: I added to my position in Alphabet Inc (GOOGL) @ $1,345.00. Alphabet has shown a lot of resilience with the ad market facing headwinds, thanks to the great balance sheet & continued buybacks putting a floor on the stock price.
  • Second purchase: I initiated a new position in Facebook Inc (FB) @ $203.00. I missed out on buying FB when it was trading around $170 & missed it by $1 and the stock ran away from me. Like GOOGL, FB is facing some headwinds thanks to the recession & everyone cutting their ad budgets. I believe FB (like GOOGL) provides a lot of optionality thanks to the innovation on a fronts such as AI, AR/VR, Libra/payments etc.
  • Third purchase: I initiated a new position in Alibaba Group Holding Ltd (BABA) @ $196.96. Alibaba is a behemoth in the e-commerce space and provides plenty of exposure to the Asian market. In addition to the e-commerce, BABA provides good growth opportunities in fintech space (via their stake in Ant Financial), cloud offerings, entertainment (streaming services), and lots of other strategic initiatives.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long BABA, FB, GOOGL. Our full list of holdings is available here.

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