Roman Kuznetsov – Senior Analyst, Investment Management Company QBF told us what stocks to buy in August. Investors looking for new investment opportunities this month should take a closer look at these securities..
August, according to historical observations, is a negative month for the US market, and the S index&P500 is traditionally declining, against which we recommend paying attention to domestic securities, which have the potential for continued growth. We believe that the holidays of American congressmen starting on August 6 will allow investors to forget about the sanctions risks for a short time and move on to a more active purchase of shares. The most attractive in this regard are the papers of the following companies:
• Sberbank [MOEX: SBERP]
Sberbank PJSC (preferred) – the securities of the company have come under pressure in recent months amid the withdrawal of foreign funds from the domestic market, which creates an opportunity to open long-term positions on the issuer’s securities. In addition, the paper may be supported by the publication of financial results for the first half of the year according to IFRS, which is scheduled for 08/23/18. The pre-reporting dynamics of trades, in this case, will be determined by high expectations for bank profits.
• Yandex [MOEX: YNDX]
Yandex – despite a positive report for the II quarter of 2018 (revenue growth of 34% YoY and profit by 27% YoY), market participants did not support optimism about the future development prospects of the company, and since the report’s report, the securities have decreased by more than 10 % This creates an opportunity to open positions in the fastest growing company in the Russian Federation with both investment and speculative work horizons..
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What are some potential stocks to consider investing in for August 2018? I’m looking for investment tips and would appreciate any insights or recommendations you can share.