While we are all still freaking out about Omicron’s potential risks to the global markets, Jack Dorsey, Twitter’s co-founder and eclectic CEO said he will step down as the CEO, a move that at first pushed the stock and it later settled down – A likely situation of buying the rumour sell the news (LOL!)
However, aside from Twitter’s boring stock when compared with Facebook’s (now Meta), the company could be looking at going aggressively at increasing its revenue streams. In recent months, Twitter has accelerated its product development initiatives with Twitter Space, Tipjar – a feature that allows content creators to accept payments/donations and a host of other new features that were.
But the market is not impressed and it is more or less a wait-and-see game for most investors. Twitter’s new CEO will need to have a radical approach to generate more cash for the company and that’s when Wall Street will see his arrival as a worthwhile move to give the stock a prime position in the portfolios.
This is similar to my position. While I am actually skeptical of social media companies being in my investment portfolio, Twitter seems to be one of the most different amongst the pack and a new approach to product innovation and cash generation might make me pull the trigger.
Buy the Dip!
If the statement of Moderna’s CEO that its existing vaccines might not work on Omicron, then we might be seeing another dip a bit similar to Delta and last’s year global shutdown. However, I believe the dip might be short-lived given the fact that most pharmaceutical giants are no longer new to COVID-19 and a few more tweaks to the codes of their vaccines might do the magic.
So where should you buy dips:
*Financials – $JPM, $GS are some of the most solid banks to consider
*Crypto – Look at averaging down on your $BTC, $LTC and $ETH positions
*Cash – Make sure you have cash in your portfolio as an extended dip will give you a good position to snap quality stocks
What Have I Bought So Far
I snapped up shares of:
*$JPM
*$BA
*More shares of $SAVE
Please let me know what you think.
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