5 Stocks I’m Buying Now!!!!! August 2024

Summary

In this video, the host discusses five stocks with significant long-term potential as of August 2024. Shopify leads the list, touted for its robust e-commerce platform and diverse pricing plans, showing impressive growth and a strong financial position. PayPal follows, praised for its resilience amid economic challenges, with a strong user base and revenue growth. Nike is highlighted for its enduring brand strength and advertising prowess, expected to capitalize on improving consumer sentiment. Estée Lauder is featured for its iconic beauty brands and potential for recovery, while the Cheesecake Factory is lauded for its established brand and emerging concepts with massive expansion potential. The summary underscores the present challenges as opportunities for long-term investors.

Takeaways

• 📈 The presenter is discussing five stocks that they believe have significant upside potential, which they are buying in August 2024.
• 🛒 Shopify is highlighted as a strong growth company in e-commerce, with a current share price around $50 and a long-term upside target of over $250.
• 💰 Shopify's business model is praised for its scalability and affordability, catering to a wide range of business sizes from startups to large enterprises.
• 🔑 The presenter emphasizes the importance of understanding the long-term growth potential of companies rather than focusing on short-term entry points.
• 💳 PayPal is mentioned as a stock with a strong performance despite economic challenges, showing resilience with increasing revenue and net income.
• 👟 Nike is presented as a company with a powerful brand and a 'moat' around its business model, suggesting a strong competitive advantage in the market.
• 💄 Estée Lauder is discussed as an undervalued opportunity in the cosmetics and beauty industry, with a potential for significant recovery and growth.
• 🍰 The Cheesecake Factory is highlighted for its potential beyond its namesake brand, with two other concepts, North Italia and Flower Child, believed to have major growth potential.
• 🏆 The presenter stresses the importance of investing in companies with strong brands and the ability to navigate through tough economic times.
• 💡 The video script suggests that despite current economic challenges, the selected companies have demonstrated resilience and have strong potential for future growth.
• 📊 The presenter provides specific financial projections for the companies discussed, indicating expected revenue and net income growth rates, as well as price targets for the stocks.

Q & A

What is the main topic of the video?

The main topic of the video is the discussion of five stocks that the speaker believes have major upside potential and are worth buying in August 2024.

Why does the speaker consider Shopify a good long-term investment?

The speaker considers Shopify a good long-term investment due to its growth potential, wide user base, diverse pricing plans for different business sizes, and strong financials with a large amount of cash and marketable securities on its balance sheet.

What is the speaker's long-term price target for Shopify?

The speaker's long-term price target for Shopify is over $250 per share.

What is the speaker's view on the current economic situation affecting consumer brands?

The speaker views the current economic situation as a consumer recession, with many big consumer brands experiencing significant declines in their stock prices and business performance.

How does the speaker evaluate PayPal's performance amidst the current economic challenges?

The speaker evaluates PayPal's performance positively, noting that it has managed to increase its revenues, operating income, net income, and EPS despite the challenging economic environment.

What is the speaker's long-term price target for PayPal?

The speaker has a $180 price target for PayPal in the long term.

Why does the speaker believe in Nike's strong brand 'moat'?

The speaker believes in Nike's strong brand 'moat' due to its significant advertising and promotional spending, its association with top athletes, memorable commercials, and prominent product placement in retail stores.

What is the speaker's long-term price target for Nike?

The speaker has a $225 long-term price target for Nike.

What are the two additional brands owned by the Cheesecake Factory that the speaker is particularly interested in?

The two additional brands owned by the Cheesecake Factory that the speaker is particularly interested in are North Italia and Flower Child.

What is the speaker's view on the potential of the Flower Child brand?

The speaker sees Flower Child as a concept with major untapped potential, comparing it to a cross between Chipotle and a sit-down restaurant, and believes it could become as big as or even bigger than the Cheesecake Factory brand.

What is the speaker's approach to investing in the stocks discussed in the video?

The speaker's approach is to invest in these stocks for the long term, emphasizing that the exact entry price is less important than the potential for significant growth over time, and encourages buying dips and adding to positions when the opportunity arises.