If You Had $1000 Right Now What Would You Buy?
This week, we asked the Invstr Community what their optimal choice would be if they had to invest $1000 into several tech companies. The winner, barely inching over second place, was the 31% percent of Invstrs who would invest $1000 into Amazon. So many investors seemed to be attracted to Amazon mainly for their attractive price after being down almost 42% year to date. Even though they had missed third-quarter revenue estimates, it seems that almost a third of Invstrs place their long-term faith that the fifth largest company in the world can bounce back just as they did during the dotcom crash. In close second place is the 30 percent of Invstrs who would prefer to invest in Apple. From most of the FAANG companies, it seems Apple has the biggest financial and operational support to justify its value in today’s market. After posting revenues up 8.1% year over year, it seems Apple’s post-pandemic selling spree is far from over. Although the entire tech industry has seemingly brought Apple’s stock down 17% year to date, it has performed much better than the Nasdaq Composite and is almost on par with the S&P 500 year to date.
To close out the podium, we have the 20 percent of Invstrs who want to buy into crypto, specifically BTC. With so much global faith in crypto despite the current bear market, it is obvious why a fifth of Invstrs want to put $1000 into Bitcoin right now. The current price of Bitcoin to USD is 16,690, which is a much more affordable price following losing around 75% of its value since its November 2021 high. With the increasing utility and further transformation into the technological revolution, several people would love to place their bets on the future of currency. Just outside the podium are the 12 percent of Invstrs who want to put their money into Meta, Facebook’s parent company. Meta has recently taken a beating in the stock market, forcing it to conduct massive layoffs following its earnings misses that sent them down over 12% in the past month. Some Invstrs do believe that by cutting costs, Meta will have the chance to bounce back with not only its reliable revenue streams from Facebook and Instagram but from its new and expanding Metaverse. At last place, we have the 7 percent of Invstrs who want to take their shot with streaming giant Netflix. The Blockbuster extinguisher is down 48% for the year, and even quite positive third-quarter earnings and subscriber growth haven’t attracted a substantial portion of investors to their side. As time has passed, Netflix seems to be a dwindling incumbent, one that is plagued with immense competition from Apple, Amazon, Disney, Paramount, Warner Brothers Discovery, and so much more.
Will you be investing in any of these companies anytime soon? Have fun, and see you next time with more poll results!