2 Stocks to be Thankful for on Thanksgiving
It’s that time of year again! Thanksgiving has come and gone with December right around the corner. But every year I like to stop and reflect on a couple of stocks I hold in my portfolio that I am thankful for. This doesn’t necessarily mean the stocks with the most gains although that certainly helps. Being thankful for stocks means that my initial investment thesis is still intact. In some cases, it could mean the companies are performing better than I ever imagined.
This year, I’m choosing two mega-cap tech stocks that I have been a long-term shareholder of. It might sound like an easy choice to just choose big tech stocks but both of these companies have gone through ups and downs since I first bought them. The two stocks I’m thankful for this Thanksgiving are Amazon and Meta.
Amazon (NASDAQ: AMZN)
I remember for years, Amazon was criticized for one thing or another. Whether it was too capital intensive or not profitable or focusing too much on eCommerce, there always seemed to be a bearish argument against Amazon. But here we are now years later and Amazon is as strong as ever. Granted I invested in the company before AWS. Since it was introduced it has changed the entire landscape of Amazon’s outlook. No longer is Amazon purely an eCommerce business anymore. I also love that they are getting more invested in advertising and AI. The eCommerce and AWS segments are worth hundreds of billions of dollars on their own but if Amazon becomes a true AI leader, then look out. There have been times over the past few years when Amazon was looking like a questionable investment. I remember distinctly that the transition from Bezos to Jassy was a rocky one and I briefly had to re-think my investment. I’m glad I stuck with it and I’m thankful that Amazon continues to be a pioneer across a wide variety of different industries.
Meta Platforms ($443.29|0.43%)
The key to Meta’s stock has always been to buy it when nobody wants it. For the better part of the time this company has been publicly traded, this has been the case. I have been a Meta shareholder for years now and there were definitely some sketchy times. Think about the years after its IPO or even recently when it somehow dipped to below $100. This company is a revenue monster and no brand in the world has more people using its suite of apps. Meta literally has billions and billions of daily active users, whether it is Facebook, Instagram, or WhatsApp. Why am I thankful for it? I knew when I first invested in it that it had the potential to be a company that just knew how to draw in users. I never thought that it would be as controversial as it became, but if you were around when Facebook was first popular, you knew how addicting it was. When it bought WhatsApp and Instagram, I knew this was a management team that knew what it was doing.
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