3 Stocks For a Long Summer
Here are three stocks to buy now as the summer begins to heat up!
avatar
Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.
2022-06-18 11:28

It Could be a Long Summer for Investors
With the stock markets continuing to fall lower with each passing week, I can see a lot of investors stepping away from investing this summer. An impending recession and rising inflation mean there just might not be a lot of extra funds to put into the market right now. So maybe we’ll all be able to finally get out and enjoy the summer, just in time for global travel to start opening back up. It’s been a long two and half years for everyone and there’s more to life than investing! Here are three stocks to buy now as the summer begins to heat up!3 Stocks For a Long Summer
Airbnb (NASDAQ:ABNB)
Public sentiment is trending negatively for Airbnb, as headlines of hidden cameras and rising surcharges have cast a dark cloud over the company. Shares of the company are down by 42% so far this year, and are currently trading at the lowest levels since the company went public back in December of 2020. With travel opening back up, a lot will hinge on this summer quarter for the company. Airbnb will also need to accommodate for closing its business in China, even though the market has only accounted for about 1% of the company’s revenue since 2016. Personally, I’ve always been a fan of Airbnb’s business, and the stock is finally getting to levels where I would consider buying.

Nio (NYSE:NIO)
It’s hard to think of another EV company that has more tailwinds for the rest of 2022 than Nio. First, the company just unveiled its ES7 luxury SUV model to positive reactions in China. Nio also has its Tesla (NASDAQ:TSLA) Model 3 competitor, the ET5 dropping in September of this year. Second, it seems like Nio’s second production facility is up and ready and has already started pre-production of the aforementioned ET5 model. Finally, Nio is continuing to expand in Europe with an anticipated arrival in Germany by the end of the year. Nio is also working on building a third production facility to build a mass market sub-brand for which the company plans to manufacture its own battery packs. It’s going to be a good second half for Nio investors!

Visa (NYSE:V)
Insert Mastercard if you like, it’s really a play on investing in the payment services industry. With fintech stocks sinking like stones, investors have turned back to the blue-chip payment companies for more security. This is another investment that has to do with global travel. Cross–border payments are one of the most important segments for both companies, and with travel reopening, we can expect both Visa and Mastercard to benefit. I don’t really have a preference here. Visa pays a slightly better dividend, although Mastercard trades at a slightly lower PE ratio. Take your pick as both stocks have stood up fairly well in the face of the ongoing market sell off. Definitely better than fintech stocks like PayPal (NASDAQ:PYPL) or Block (NYSE:SQ).


Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

Rate this article

positive
negative
Published On
2022-06-18 11:28

avatar
About the Author
Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.


buy-coffee
You've read 1 article in the last year
..thank you for supporting us and for visiting our site. Unlike many other sites, The Dog of Wall Street is available for everyone to read. Our focus is to provide great content for free. Do you like what we are doing? Buy us a cup coffee. It is the fuel that keeps us going..

What the heck do we do with NVIDIA (NVDA) now?
NVIDIA could continue higher well into the $400s and I wouldn’t be surprised at all. 
By Mike Sakuraba | 1 week ago

Amazon's Ascent in the AI Era: An Unstoppable Force?
Amazon is set to transform our everyday experiences with AI-powered services, although it must navigate potential regulatory headwinds on its path to dominating the AI race.
By Staff | 2 weeks ago

Will Disney's Big Risk Pay Off?
The Political Tussle That Could Redefine an Entertainment Giant.
By Staff | 2 weeks ago

Musk Stays on as CEO: What This Means for Tesla (TSLA)
Tesla is still on track to be the long-term growth stock that many anticipated a few years ago.
By Mike Sakuraba | 2 weeks ago

Inflation Unraveled, a New Economic Normal
As the economy adjusts to a new normal with higher inflation rates and businesses leveraging their power to raise prices without consumer resistance, both consumers and policy makers must adapt their strategies to navigate the shifting landscape.
By Staff | 2 weeks ago

Is NVIDIA (NVDA) a Buy Ahead of its Earnings?
So with its earnings report on deck, what should we do with NVIDIA’s stock? 
By Mike Sakuraba | 2 weeks ago

PayPal's Roller Coaster Ride
Despite recent downturns, PayPal, equipped with its robust resources, strong brand recognition, and technological adaptability, holds potential for future growth through cryptocurrency, buy-now-pay-later services, business lending, strategic partnerships and acquisitions, especially within developing international markets.
By Staff | 3 weeks ago

2 Stocks To Buy After Earnings Sell Offs
When these stocks sell-off, they can provide one of the best buying opportunities of the year.
By Mike Sakuraba | 3 weeks ago