2022-11-25 11:32:00

3 Stocks I Bought This Week

Logo Nasdaq
Nasdaq
By The Motley Fool

One of the best characteristics of dollar-cost averaging into positions is that it removes the need to time a purchase flawlessly. For example, had I only made one large purchase of Upstart (NASDAQ: UPST), Coupang (NYSE: CPNG), or Etsy (NASDAQ: ETSY) late in 2021, I would need monstrous returns to break even.

However, by making small bets on these names throughout the last couple of years, I lowered my cost basis, building out properly sized positions to be held for the next decade and beyond. Continuing with this dollar-cost averaging, I've added to each of these three companies again this last week. Here is why I chose these three right now.

1. Upstart: Short-term struggles, long-term promise

Due to the macroeconomic volatility surrounding Upstart's AI-powered credit assessing operations, this is a smaller, speculative add for me in a company with massive potential. Facing rising interest rates and lower personal savings rates, Upstart saw credit defaults rise, putting immense pressure on its financials.

Continue read on nasdaq.com

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-24 12:07:00
Turkey day is here, and that means that 2023 isn't far around the corner. While you're celebrating the holidays with friends and family, it's also a good...

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-25 10:40:00
Share prices of Best Buy (NYSE: BBY) surged 13% on Nov. 22 after the big-box retailer posted its latest earnings report. In the third quarter of fiscal 2023,...

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-24 12:50:00
When the stock market suffers from broad losses, it's often a good time to scan for potential opportunities. History suggests the market always recovers over...

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-25 10:35:00
Inflation hovered near a 40-year high for the past year, causing the Federal Reserve to raise interest rates at their fastest pace in four decades. Many...

Logo Nasdaq
Business / FinanceBy Rtt News2022-11-23 18:31:27
(RTTNews) - After moving to the upside early in the session, stocks have fluctuated over the course of the trading day on Wednesday. The major averages have...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 01:56:37
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SINGAPORE :...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-24 17:34:05
Albemarle ALB has outperformed the market over the past 20 years by 8.13% on an annualized basis producing an average annual return of 15.74%. Currently,...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 01:56:37
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SINGAPORE :...

Logo Nasdaq
Business / FinanceBy Rtt News2022-11-25 03:30:35
(RTTNews) - Asian stock markets are trading mostly lower on Friday, despite the broadly positive cues from European markets overnight, as traders largely...

Logo Benzinga
Business / FinanceBy Lisa Levin2022-11-25 10:43:38
The CNN Money Fear and Greed index showed an improvement in overall market sentiment after US stocks closed higher for second straight day. Minutes from the...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-25 03:30:35
Asian stock markets are trading mostly lower on Friday, despite the broadly positive cues from European markets overnight, as traders largely refrained from...

Logo Nasdaq
TechnologyBy Zacks2022-11-24 16:31:15
A month has gone by since the last earnings report for Archer Daniels Midland (ADM). Shares have added about 3.4% in that time frame, underperforming the...

Logo Nasdaq
TechnologyBy Zacks2022-11-23 22:02:00
(0:30) - Finding Strong Value Stocks Within The Tech Industry (5:10) - Traceys Top Stock Picks (24:45) - Episode Roundup: FLEX, ACMR, DBX, PERI, MITK...

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-24 12:40:00
If you're an industry disruptor, 2022 has probably been a bad year for you. Take Airbnb (NASDAQ: ABNB) and Roku (NASDAQ: ROKU). Both companies are disrupting...

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-24 16:31:00
Since bottoming out in mid-October, shares of chip manufacturing equipment company ASML Holding (NASDAQ: ASML) are up nearly 60% (as of this writing in...

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-25 11:00:34
Image source: Getty Images Inflation has been surging over the past year and change, and so right now, many consumers are overwhelmingly cash-strapped. But...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-25 10:28:17
Indian shares fluctuated before ending on a flat note Friday, as concerns over record-high domestic daily COVID-19 cases in China offset investor optimism...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-24 14:34:07
Honeywell Intl HON has outperformed the market over the past 10 years by 3.13% on an annualized basis producing an average annual return of 14.15%....

Logo Nasdaq
TechnologyBy Zacks2022-11-24 16:31:16
It has been about a month since the last earnings report for 3M (MMM). Shares have added about 4.3% in that time frame, underperforming the S&P 500. Will...

Logo Nasdaq
Business / FinanceBy Finsum2022-11-25 11:09:51
Some of the biggest names in finance are benefitting from a lack of reliable ESG data in emerging markets. Federated Hermes is one firm that has spent...