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3 High-Conviction Stocks to Buy in August

By Eric Cuka – Aug 4, 2021 at 10:30AM

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These three stocks could be long-term winners in your portfolio.

Today, I cover three of my high-conviction stocks, those I believe will do well over the next several years with reasonable to low risk. High-conviction stock picks aren't always the highest growth, but rather stocks I personally have high confidence in. I have been investing for 20 years, and I have grown my capital to millions of dollars over time through long-term investing and compounding. Part of my job is to preserve capital. These stocks have a balance of healthy growth and risk and should help ensure capital preservation for my long-term investing portfolio. 

I have created a ranking system to help explain the strengths and weaknesses for each company. I have scored my top 25 high-conviction stocks according to the following metrics:

  • Safety 
  • Growth
  • Moat 
  • Management

In today's video, I break down three of my top 25 high-conviction stocks: Nvidia (NVDA -1.51%), Snowflake (SNOW -2.79%), and Amazon (AMZN -1.44%). All three stocks are still, in my opinion, attractive at these levels and could be buys in August on any weakness. 

*Stock prices used in the below video were during the trading day of August 3, 2021. The video was published on August 3, 2021.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Eric Cuka owns shares of Advanced Micro Devices, Amazon, Nvidia, and Snowflake Inc. The Motley Fool owns shares of and recommends Advanced Micro Devices, Amazon, Nvidia, and Snowflake Inc. The Motley Fool recommends Intel and recommends the following options: long January 2022 $1,920 calls on Amazon, long January 2023 $57.50 calls on Intel, short January 2022 $1,940 calls on Amazon, and short January 2023 $57.50 puts on Intel. The Motley Fool has a disclosure policyEric 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. 

Stocks Mentioned

Amazon.com Stock Quote
Amazon.com
AMZN
$94.13 (-1.44%) $-1.37
Nvidia Stock Quote
Nvidia
NVDA
$168.76 (-1.51%) $-2.59
Snowflake Stock Quote
Snowflake
SNOW
$149.74 (-2.79%) $-4.30
Walt Disney Stock Quote
Walt Disney
DIS
$99.43 (0.85%) $0.84
Intel Stock Quote
Intel
INTC
$29.41 (-1.41%) $0.42
Advanced Micro Devices Stock Quote
Advanced Micro Devices
AMD
$74.98 (-3.23%) $-2.50

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

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