Today's video focuses on four stocks I have my eyes on this week and the growth opportunities for each company. The four stocks are Advanced Micro Devices (AMD 0.68%), Shopify (SHOP 2.83%), Microsoft (MSFT -0.12%), and Alphabet (GOOGL 1.05%) (GOOG 1.05%). Here are some highlights from the video.
- AMD is well positioned for the future. Within the next 12 months, AMD is expected to release its new generations of consumer CPUs and consumer GPUs and its fourth-generation server processor, Genoa. AMD provides numerous data center solutions, and with its recent acquisition of Xilinx, it has entered into other emerging markets like the automotive industry.
- Shopify has fallen over 65% from its all-time highs and is sitting at a market cap of roughly $73 billion. Shopify has created a toolbox of solutions for the e-commerce world, and the company has the second-largest market share of U.S. retail e-commerce sales in 2021 with roughly 10% of the total market.
- Microsoft and Alphabet are two giants that have fallen over 15% from 52-week highs. The drop could be caused by fears of consumer spending decreasing. Microsoft offers many laptops, tablets, and gaming products, and Alphabet's advertising revenue could see a decline from companies reducing advertisement spending due to a slowdown in consumer spending. Regardless, those headwinds should pass over time, and these are two companies that fit in my long-term portfolio.
*Stock prices used were the closed market prices of April 15, 2022. The video was published on April 17, 2022.
