Conveniently sent to your email inbox regularly, Purdy’s Two Cents includes actionable market commentary, new stock ideas, and in-depth stock research and analysis.

7 Stocks I Bought This Month:

57% of the total net assets consist of AAPL, MSFT, V, MA, INTC, CSCO, ADBE, NVDA, CRM, and PYPL

84% of components are large-cap or giant-cap and have long runways for growth with strong financial health

5-year CAGR projection for tech spending is 17%

Higher low off late 2018 market decline with strong trend momentum

Pro:

Google trends for “Netflix” suggests a historic increase in interest given international quarantines

Tiger King had 34M viewers in 10 days with 1.8M organic Twitter interactions

Price forming a continuation pattern known as the ascending triangle.

Con:

30-day free trials to binge-watch Tiger King may not convert to paid during the current pandemic

Netflix shutting down production of new content may slow the launch of content over the coming months - however, may result in cost savings for FCF report Free Trading Resources

Pro:

81% of CME revenue is attributed to transaction fees

Capitalize on market volatility with greater resilience than in 2008

March Average Daily Volume up 68% Y/Y & Q1 ADV up 45% Y/Y

Con:

Open Interest (trading volumes) may decline over time if volatility across all asset classes continues to be high/increasing

Broke below late 2018 low (yet rapid recovery on high volume)

SPONSORED BY:

Even assuming 2021 economic recovery, management sees 1% revenue growth

4% revenue growth assuming Q3 recovery

Active expense management to offset industry losses in Auto

Pro:

20% sales jump in March

Online sales increased 30% from Feb through March-end

55% of sales are groceries & Walmart just launched Groceries in the main app

Number 1 shopping app in the US surpassing Amazon by 20% in early April

Con:

Operating Margin & Income per Share continues to decline

Current lawsuit for wrongful death due to employee with COVID19 may complicate public relations/change internal policies

Esports revenue growth has increased by ~28% yearly since 2015

A global diversified industry with both developed and emerging markets consumers - well protected during stay-at-home measures

Blend of industry-leading semiconductors, esports league operators and software developers

Pros:

First-mover advantage and a strong premium brand name gives Peloton strong footing in the space for growth

Could be the start of a significant medium-term consumer preference shift even following a “return to the norm”

Cons:

An expensive product doesn’t attract average gym-goer, especially with increasing unemployment

There are many critics about the overpriced nature of the underlying equity

Want my next 10 top stocks for 2020 sent to your inbox?

This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this Site is information of a general nature and does not address the circumstances of any particular individual or entity.

You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the Site before making any decisions based on such information or other Content.

In exchange for using the Site, you agree not to hold PurdyAlerts.com, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other content made available to you through the Site.

There are risks associated with investing in securities. Investing in stocks, bonds, exchange-traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high-risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including greater volatility and political, economic and currency risks and differences in accounting methods. A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.