Abstract: Explain the reasons of buying HK stock Xiaomi (1810, US stock Netflix (NFLX), Paypal (PYPL), Tesla (TSLA) and Meta Platforms (FB) and selling Amazon (AMZN) and American Express (AXP) and share my views.
Transaction detail
What I want to share with you today is the transaction I made on February 22. The details are as follows:
Bought stock
- Xiaomi Corp (HK stock code: 1810)
- Quantity: 600 shares
- Bought price: HK$15.58
- Commission fee: HK$34.23
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=01810
Bought stock
- Netflix Inc (US stock code: NFLX)
- Quantity: 6 shares
- Bought price: US$388.1
- Commission fee: US$0.71
Image source: https://seekingalpha.com/symbol/NFLX/chart
Bought stock
- PayPal Holdings Inc (US stock code: PYPL)
- Quantity: 12 shares
- Bought price: US$102.3
- Commission fee: US$0.71
Image source: https://seekingalpha.com/symbol/PYPL/chart
Bought stock
- Meta Platforms Inc (US stock code: FB)
- Quantity: 3 shares
- Bought price: US$203.56
- Commission fee: US$0.36
Image source: https://seekingalpha.com/symbol/FB/chart
Bought stock
Image source: https://seekingalpha.com/symbol/TSLA/chart
Sold stock
- Amazon.com Inc (US stock code: AMZN)
- Quantity: 4 shares
- Sold price: US$3027.805
- Commission fee: US$1.45
Image source: https://seekingalpha.com/symbol/AMZN/chart
Sold stock
- American Express Company (US stock code: AXP)
- Quantity: 4 shares
- Sold price: US$194.05
- Commission fee: US$0.35
Image source: https://seekingalpha.com/symbol/AXP/chart
Reasons for selling Amazon and American Express
After comparing my holdings, I decided to gradually reduce my Amazon holdings and a small amount of American Express, to release my positions to increase the holdings in some companies that I think are more attractive at current prices, and I think these companies are at a rare attractive opportunity, so I intend to grab the opportunity to invest more concentratedly in them for potentitally better returns in the future.
Reasons for buying Xiaomi, Netflix, Meta, Tesla and Paypal
The current prices of Xiaomi, Netflix, Meta and Paypal have fallen to their low valuations in recent years. The market has lost confidence in them, as if they have lost their future growth momentum, but I believe their long-term company development potential is not substantially weakened On the contrary, I am very confident in them, especially since I have always used the products and services of these four companies. As a customer, I am very satisfied. Seeing that the current price has dropped a rare opportunity, I decided to take advantage of the low prices to add their shares.
The share price of Tesla has not dropped much by comparison with the above four companies, and its current valuation isn’t cheap either. But I’m actually very confident in Tesla. I don’t think Tesla can be valued like a general company, otherwise you won’t be able to buy it and hold it for a long time. Tesla’s development strategies are all geared towards making significant changes to human life in the future, including electric vehicles, rechargeable batteries, autonomous driving, artificial intelligence and Tesla Bot robots. Therefore, I think it should be bought on dips and held for a long time, waiting for the company’s future development results.
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.
