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4 Stocks to Diversify Your Portfolio in August

By Jose Najarro – Aug 3, 2021 at 10:30AM

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Is the volatility from earnings season creating buying opportunities?

In today's video I look at fundamentals and recent news for Spotify (SPOT 5.81%), Tencent (TCEHY 4.65%), Digital Turbine (APPS 7.30%), and Fastly (FSLY 8.52%). Below I share a few highlights from the video. 

  1. For Tencent's 2020 fiscal year, roughly one-third of its total revenue came from its gaming segment. On July 19, 2021, Tencent announced its plans to purchase Sumo Group, a British video game developer. This acquisition will contribute to Tencent's growth in the gaming market. 
  2. Spotify stock price declined after the company reported its second-quarter 2021 earnings on July 28. The main reason for the stock price movement is the lack of growth from Spotify's monthly active users. During the earnings call, Spotify's management assured investors that there is a reverse trend and that user growth is back on track. 
  3. On July 29, Digital Turbine and TikTok announce a distribution partnership in North America. The partnership expands on the current collaboration that both companies have in Latin America. Digital Turbine is scheduled to release its fiscal 2022 first-quarter earnings on August 9, 2021, after the market closes. 

Click the video below for my full thoughts and analysis. 

*Stock prices used were the closing prices of July 30, 2021. The video was published on July 31, 2021.


Jose Najarro owns shares of Digital Turbine, Fastly, Spotify Technology, and Tencent Holdings. The Motley Fool owns shares of and recommends Fastly, Spotify Technology, and Tencent Holdings. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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Stocks Mentioned

Tencent Stock Quote
$38.04 (4.65%) $1.69
Digital Turbine Stock Quote
Digital Turbine
$18.07 (7.30%) $1.23
Spotify Technology Stock Quote
Spotify Technology
$79.46 (5.81%) $4.36
Fastly Stock Quote
$9.55 (8.52%) $0.75

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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