This Could Be Like Buying Crypto In 2020

Wall Street veteran Ian King says, "this could be like buying crypto in 2020." Now Ian's pounding the table on a new opportunity that's on the cusp of mainstream adoption just like crypto in 2020. And he's recommending you buy 3 little-known stocks ahead of an official announcement from the U.S. government.

Microsoft, Amazon Or Palantir: Reddit Users Debate How To Invest $4,900

Surbhi Jain
June 25, 2024

Reddit user Asdeev_Drago sparked a lively debate on r/stocks, seeking advice on where to invest $4.9K after already buying Nvidia Corp (NASDAQ:NVDA), Palantir Technologies Inc (NYSE:PLTR), and Rocket Lab USA Inc (NASDAQ:RKLB) shares. Here's a roundup of the best stock picks and insights from the community.

Microsoft: The Tech Giant's Appeal

u/DOGEWHALE was quick to recommend Microsoft Corp (NASDAQ:MSFT), describing it as “basically a tech ETF” due to its diversification and stability.

u/Dry-Tough4139 echoed this sentiment, noting Microsoft's resilience among the Magnificent 7. They highlighted the company's cloud and subscription-based business software as major revenue drivers.

u/thememanss added that Microsoft's entrenched position as a business essential gives it a robust moat, making it a solid long-term investment.

Amazon: Dominating Multiple Sectors

u/ironcladjogging emerged as a huge Amazon.com Inc (NASDAQ:AMZN) bull, listing the company's extensive reach across e-commerce, cloud computing, AI, video streaming, advertising, shipping, healthcare, and space as reasons for its long-term growth potential. They emphasized Amazon's dominance in multiple sectors and aggressive investment in future technologies.

u/CAN_ONLY_ODD further pointed out Amazon's untapped potential in the grocery market, suggesting that cracking this sector could significantly boost its ecosystem.

Also Read: Amazon Plans Major Alexa Overhaul With AI-Powered Features: Report

Diversification vs. Concentration

While some users leaned towards individual tech stocks, others advocated for a more diversified approach.

u/jsmith47944 suggested that with an already aggressive portfolio, adding an ETF like SPDR S&P 500 ETF (NYSE:SPY) could offer a balanced risk-reward ratio. For those sticking with tech, u/MrTouchnGo recommended Vanguard S&P 500 ETF (NYSE:VOO) over SPY due to its better expense ratio.

The Palantir Debate

Palantir also sparked debate. u/T-Bone22 questioned its appeal, noting its stagnant performance over the past two years. u/Hail_To_Pitt2626 countered, arguing that Palantir is building a "massive sticky moat" and is poised for a breakout, potentially joining the S&P 500 within nine months.

However, u/seasick__crocodile dismissed these claims as exaggerated, while u/RevolutionaryPhoto24 expressed skepticism about Palantir's long-term viability despite its AI and defense hype.

The r/stocks community offered a range of insights, from the safety and resilience of Microsoft to the expansive growth potential of Amazon. While opinions varied, the consensus leaned towards tech giants with strong fundamentals and future growth prospects.

Read Next:

  • Roku Stock’s Wild Ride: Bullish Analysts Bet On Growth Despite Competitive Threats

Photo: Shutterstock

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