A transaction I made this week was buying stock in Verizon. After a good deal of research I found that they are coming out with multiple new phones in the next few months. I bought this at a trade because the catalyst will be the new phones coming out and then the market will most likely go back to where it is now. I bought the stock at $37.15 which is toward the higher end of the 52 week range which ranged from $31.60-$38.95. But even though the stock is at the higher end I expect there to be at least a two to four dollar increase within the next weeks to the next months. One of Verizon's main competitors, Sprint, on the other hand is doing okay but not great. Right now Sprint is down in the stock market, trading at prices that are very close to their 52 week low. While Sprint is coming out with new phones also I believe that Verizon will make a better return on their products.
A second transaction I made this week was buying Pandora Media stock. I bought this because Pandora now has a deal with Hyundai to put Pandora Radio in new Veloster. Also, Pandora is has released a lot of its restrictions on its music so I see the potential for the stock to grow. The 52 week range is $9.33-$26.00 and I bought the stock at $13.86. This leaves room to almost double. I expect Pandora's stock to rise at least three to five dollars soon because Pandora is also an app for phones, iPads, iPods, and many other devices. The stock will rise because as people acquire new devices they will down-load the app more. Sirius XM Radio is one of the biggest competition for Pandora. Sirius may have a larger market cap than Pandora but Sirius XM Radio's 52 week range is within about a $1.20 from its lowest trading price to its highest trading price which does leave very much room to make money on this stock because from what I can see Sirius XM is not in a position right now to get above their 52 week range from last year.
Good Job! you did really good with this journal.
ReplyDeletenicely done
ReplyDeleteI think you had a ton of really great information not only about your investments as well as it's competitors. GREAT JOB!!!
ReplyDeleteThis was very good. One thing I noticed was that in the first section, you could have made it more clear why you think Verizon will make a better return on their products. In the second section, it seemed like this transaction was an investment, but you didn't specifically say. Nice job :)
ReplyDeleteHeather! I feel like a proud mom whose kid just won a trophy for being the smartest in the whole state of Wyoming. Nice. I think your investment in Pandora was a great idea. Especially with all the people getting ipads now, LIKE OUR SCHOOOLLL!! And then the new ones coming out for a cheaper price, clever. I just might have to do the same thing. Good job woman. :)
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