It has been a few weeks since I’ve posted here, so I figured I’d take this opportunity to share the stocks I am buying so far in 2017. Stocks which I am buying both for the first time, and also increasing my positions in.
So far this year I’ve purchased shares of three new companies. These include Shopify (SHOP), Nvidia (NVDA), and UPS (UPS). First off I’d like to talk a little about Shopify, which is an ecommerce company based out of Canada. Shopify has been my biggest winner so far this year. I bought shares on January 20th at $50.09 per share, and currently as of this writing it sits at $61.52 per share. That is a roughly 23% gain as of this moment. Shopify has been growing quite steadily over the past year, and I see it continuing to grow. They have announced a working relationship with Amazon, and have had tremendous earnings. Even at the current price, I recommend it as a “buy,” but before I increase my position again I’ll likely wait for a slight pullback in the price.
As for Nvidia, which is a technology company based out of California, I purchased my shares on February 3rd at $114.38 per share, and it currently sits at $107.23 per share so it has lost roughly 6% as of now. Despite that, I highly recommend it a “buy.” Within the next several weeks I plan on increasing my position. Based off their technology regarding artificial intelligence, virtual reality, and autonomous cars alone the stock has a tremendous upside potential which should not be overlooked. The stock has exploded in the past few years and I see it continue doing so.
Finally I purchased my shares of UPS, the World’s largest package delivery company, on January 6th for $115.40 per share. It currently sits at $106.90 per share, so again it has dropped and as of right now lost roughly 7% per share. I see this pullback as another opportunity to buy more. With the continued growth of Amazon, Shopify, and ecommerce in general somebody has to deliver the packages, and UPS stands in the best position to capitalize on just that. Aside from the strong growth potential for both Nvidia and UPS despite being down, both are dividend stocks. UPS currently pays 3.11% and Nividia currently pays 0.52%.
I wrote a blog earlier this year about my opinions on Facebook & Amazon, which can be found here. I continue to stand strongly behind the future of both, and I have increased my positions on both stocks so far this year. I will continue to do so at various times throughout the coming weeks and months. If you enjoy these blogs where I share my buys, recommendations, etc.. please let me know in the comments below. If you have any other recommendations for content, leave those as well. I have been enjoying writing this blog in 2017, and have a lot of ideas to improve it. Thanks for reading, enjoy the rest of your day, and don’t forget, leave those comments! I will reply!