3 High-Conviction Stocks to Buy in August

Today, I cover three of my high-conviction stocks, those I believe will do well over the next several years with reasonable to low risk. High-conviction stock picks aren’t always the highest growth, but rather stocks I personally have high confidence in. I have been investing for 20 years, and I have grown my capital to millions of dollars over time through long-term investing and compounding. Part of my job is to preserve capital. These stocks have a balance of healthy growth and risk and should help ensure capital preservation for my long-term investing portfolio. 

I have created a ranking system to help explain the strengths and weaknesses for each company. I have scored my top 25 high-conviction stocks according to the following metrics:

  • Safety 
  • Growth
  • Moat 
  • Management

In today’s video, I break down three of my top 25 high-conviction stocks: Nvidia (NASDAQ:NVDA), Snowflake (NYSE:SNOW), and Amazon (NASDAQ:AMZN). All three stocks are still, in my opinion, attractive at these levels and could be buys in August on any weakness. 

*Stock prices used in the below video were during the trading day of August 3, 2021. The video was published on August 3, 2021.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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View more information: https://www.fool.com/investing/2021/08/04/3-high-conviction-stocks-to-buy-in-august/

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