Just passed my Series 7 on Tuesday and my 63 is coming up soon so now I need to find a good stock that will appreciate well for any new potential opening accounts.
I picked Sony because they're a big company with a successful, trusted name and product line. They also have new stuff coming out like PlayStation VR which seems to be forming a cult following around it in preparation for its release. I think the company will have big earnings next quarter and surprise everyone while going up to $42, it's at $32 per share atm.
P/E is 47 and the dividend is low so they're a growth company by definition. Both the trend line and SMA 50 is supported by a strong 1 year volume profile at $30 so it won't drop below that (but the next really strong one is at $28.5.) The competition is Xbox which we all know hasn't been fairing all too well since its release (19 million sold compared to PS4's $40 million sold.) The trading volume is stable floating above and below 1 million shares traded daily. One thing I might have fear of is a near zero short interest (no shares shorted) so in the event of a big drop, or even a tiny one it might not recover from people covering their shorts. Then again this could also be a good thing not having any short interest.
Give me some advice r/StockMarket! I want this first pick to be good so tell me if there's any information mission or holes in my logic, thank you!
Submitted September 01, 2016 at 09:07PM by StevenShwatz http://ift.tt/2bZ58kZ
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