The 4 Stocks I’m Closest to Buying Right Now And Why I Haven’t Yet
Summary
Couch Investor's portfolio has demonstrated strong performance, being up 45.43% year-to-date compared to the S&P 500's 9.51%. He outlines his investment strategy, which prioritizes opportunities in individual stocks over macroeconomic noise, believing that listening to management is more crucial. He engages in dollar-cost averaging, willing to average up if a company's long-term thesis remains intact, and looks for specific technical support levels for accumulation. He also plans to actively grow several positions in the coming days and weeks.
Regarding specific stocks:
Mentioned Stocks
Reasoning: Despite the stock being expensive, Couch Investor is an "extreme bull" on Rocket Lab. He previously took profits by selling shares (100 shares at the start of the year and 45 shares at $114). However, he now aims to buy back shares, particularly around current prices ($107) and lower support levels like the 50-day SMA at $103, 100-day at $87.5, 200-day at $73.8, and the 50-week just under $70, due to positive catalysts like the NASDAQ 100 rebalancing.
Reasoning: Couch Investor is content with his Micron position, having taken significant profits previously, making it "free money." He believes it can still go "much higher."
Reasoning: Couch Investor added to Meta two weeks ago, considering it "very cheap under $600." While currently in a technical "no man's land" due to broken weekly support, he believes positive momentum could bring it back above $600. He identifies the 200-weekly moving average at $462 as an "ultimate bottom" where aggressive buying would be considered if it drops that low. He is willing to continue adding if the stock drops further.
Reasoning: Mentioned as owning a couple of shares, but no explicit sentiment or action given for the current period.
Reasoning: Couch Investor holds a significant position in AMD, up almost 400%. He would only add more if the stock price was "much lower" than its current levels.
Reasoning: Couch Investor believes SoFi is extremely undervalued, suggesting it should be worth $24-25 today. He is comfortable adding more shares under $20 or $18, and noted the stock reclaimed a critical area at the 100-weekly moving average of $17.40. Other potential support levels include the 50-day at $16.80 and, in case of a crash, the 200-weekly at $12.20.
Reasoning: Mentioned as owning one share, but no explicit sentiment or action given for the current period.
Reasoning: Couch Investor noted Google rebounded after touching a support area. He would have preferred to add closer to $300, but identifies current technical support around $360 (50-day SMA reclaimed). Other key support areas are the 100-day at $336, 200-day at $306, and the 50-week under $300, suggesting these as good areas to accumulate.
Reasoning: Couch Investor is still building up his position in Axon. He notes that he started buying, and the stock ran up. He finds the low $400s a good area to add. Specific technical support levels he monitors include the 100-day moving average at $444 (acting as resistance), the 200-day at $394-95, and the monthly simple moving average at $374, where he would add aggressively if reached. He explicitly states he wants to grow this position.
Reasoning: Couch Investor views New Holdings as a fairly new position he wants to increase exposure to. He identifies the heavy rebound/accumulation zones as being under $11, specifically between $10 to $11, and considers current levels a potential accumulation zone. He also aims to grow this position.
Reasoning: Couch Investor added to his Reddit position two weeks ago and is still building it up, aiming to grow his exposure to the company.
Reasoning: Couch Investor finds Rubrik "very interesting" at $70 or under for adding more to his position. He previously added at $45, and then at $54-55 earlier this year, stating he doesn't mind averaging up with such companies.
Reasoning: Couch Investor believes Robinhood still has an "extremely long way to go," based on fundamentals and insights from his interview with the company's CFO.
Reasoning: Couch Investor added to Netflix two weeks ago, maintaining that its fundamentals are strong and it generates billions in free cash flow, anticipating market outperformance. He sees the 200-weekly simple moving average just under $70 as a crucial support level where a rebound could occur, representing approximately 10% downside from current prices. He also aims to grow this position.
Reasoning: Couch Investor notes he is down "quite a lot" on Shift4, which represents 1.7% of his portfolio. No explicit sentiment or action is provided.
Reasoning: Couch Investor is "very happy" with his Oscar position, which is close to $30. He is waiting for upcoming earnings information before considering further action, as the stock has run up considerably.
Reasoning: Couch Investor states Nubee is his largest position, being up 56%. He would only consider adding more shares if there's a "huge crash" in the market.
Reasoning: Couch Investor observes that DLOC remains around $12 per share, without expressing a strong buy or sell sentiment or action for the current period.
Reasoning: Couch Investor added to Uber two weeks ago, considering it a strong business with billions in free cash flow, which he expects to outperform the market. He identifies the $60-63 range as the "best time to add a lot," and notes the 100-weekly at $78.9 as a key level for positive momentum. He also aims to grow this position further.
Reasoning: Couch Investor holds MercadoLibre in his retirement account. He notes the 200-weekly at $1,672 and states that if the stock drops lower, he "will add way more shares," expecting it to rebound quickly back to the $2,000 area due to the company's strength.