I’m not planning to force a bunch of buys this month. But there are a few stocks I’m very comfortable continuing to build at these levels because I still like the combination of business quality, long term opportunity and valuation. Here’s what I’m watching and why: 1. Brookfield $BN $BN is still one of my favorite long term compounders in the market. I like that I’m getting exposure to infrastructure, power, data centers and the broader AI buildout without taking on the same level of risk as some of my higher growth names. Brookfield also has the scale, capital and asset base to keep finding opportunities across cycles, which makes it a name I’m comfortable consistently adding to over time. 2. Netflix $NFLX I’m still building my $NFLX position. Netflix does not need crazy subscriber growth anymore for the thesis to work. Revenue can keep compounding while margins improve, free cash flow grows and buybacks shrink the share count. Advertising also gives Netflix another monetization lever that is still relatively early compared with the size of the platform. 3. Uber $UBER $UBER remains one of my favorite risk reward setups. The core rides and delivery business is already producing significant free cash flow, and that gives Uber a strong foundation to build on. Advertising, Uber One, cross platform usage and AV all create additional upside, but AV is the piece I’m watching closest because Uber could become a major distribution layer for autonomous transportation without having to manufacture the vehicles itself. 4. ServiceNow $NOW I continue to think the disconnect between $NOW’s business and the way the stock has been treated is interesting. The core workflow business is still growing at an impressive rate for a company this large, while AI could expand ServiceNow’s role inside the enterprise. My long term thesis is that ServiceNow can become a control layer connecting workflows, data, automation and AI agents across an organization. 5. Amazon $AMZN $AMZN is one of those stocks I’m almost always comfortable adding when the valuation makes sense. AWS, advertising and AI infrastructure are becoming increasingly important to the business, while Amazon’s retail operation continues getting more efficient. The part I like most is that Amazon does not need explosive revenue growth from here if a larger portion of future revenue and profit comes from businesses with much better margins. One stock I still love but probably won’t force in September: SoFi $SOFI I still have a very high conviction in $SOFI. But position size matters. I already have a large position, so I don’t need to keep buying just because I like the company. If the stock gets cheap enough again, that will change quickly.
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2 Comments
Matthew Balmert@cd2_js4 · 12h
mrvl looking nice at these levels
DaveJ @davej · 14h
I've added to Uber and NOW as well the last few months. Netflix is my largest position, so I haven't added to it
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