A massive downturn in stock prices may provide substantial buying opportunities to investors who have a plan and a buying list. Today's video focuses on my buying list if the stock market sees a considerable correction. The first five companies on my buying list are Cerence (CRNC -2.05%), Advanced Micro Devices (AMD -2.67%), Unity Software (U -3.94%), Sea Limited (SE -0.70%), and Nvidia (NVDA -0.98%). Here are some highlights from the video:
- Cerence is an artificial intelligence leader for the automotive market and is expanding into other markets. With a market cap of less than $5 billion, this is the smallest company on the list. Do not let the size fool you, as the company has shipped nearly 400 million Cerence-powered vehicles worldwide.
- The mobile gaming market continues to grow substantially in Latin America and Southeast Asia, and for those reasons, Unity and Sea Limited make it onto the list. Game developers use Unity to create and maintain games. Sea Limited is mainly known for its e-commerce platform Shopee, but its Free Fire mobile game continues to be one of the highest-grossing games worldwide.
- The continued improvement of technology needs to be powered by something, and that something is Nvidia and AMD. The graphics processing units and numerous other semiconductor chips made by these two companies help power AI, machine learning, automation, 3D design, and much more.
Click the video below for my full thoughts and analysis.
*Stock prices used were the closed prices of Sept. 1, 2021. The video was published on Sept. 2, 2021.