Abstract: Explain the reasons of buying US stock Nvidia (NVDA) and selling Amazon (AMZN) and share my views.
Transaction detail
What I want to share with you today is the transaction I made on February 18. The details are as follows:
Bought stock
- NVIDIA Corporation (US stock code: NVDA)
- Quantity: 6 shares
- Bought price: US$233.695
- Commission fee: US$0.36
Image source: https://seekingalpha.com/symbol/NVDA/chart
Sold stock
- Amazon.com Inc (US stock code: AMZN)
- Quantity: 1 share
- Sold price: US$3068.24
- Commission fee: US$0.37
Image source: https://seekingalpha.com/symbol/AMZN/chart
Reasons for selling Amazon
The U.S. stock market has undergone a relatively large adjustment recently. I see an opportunity to increase positions of some attractive company shares. I think that there are always some stocks in a portfolio that will outperform the others, and this situation will also change from time to time, so we should regularly examine the outlook for companies in which you hold in your portfolio. Now, comparing the stock prices versus outlooks of the companies in my holdings, I decided to make some adjustments to rebalance my holdings in proportion to my respective confidence in them. Relatively speaking, I would like to reduce some of my Amazon shares in exchange for the following stock at current price.
Reasons for buying Nvidia
I think Nvidia’s technology is very advanced, and it’s not without reason that its market cap is one of the largest among chip companies in the world. I think Nvidia’s strengths will continue to propel the company forward, and I believe its products and services will continue to be very popular for the foreseeable future. Therefore, while the market is in a pessimistic mood, a large correction in the stock price is providing a good opportunity for us to buy more at lows. So, based on my stronger confidence in Nvidia’s future development, I decided to transfer part of Amazon to Nvidia’s position.
Comments and sharing
If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.
