AT&T Inc.Long
$T, $V, $META, oversold megacaps with large moats
Updated
This investment thesis is very simple. The recent market declines have pushed many stocks to attractive price levels. The three mega-cap companies AT&T, Visa, and Meta (previously known as Facebook) were hit especially hard by the declines, and are now trading in areas with strong support. Since all these stocks have strong moats, and significant margins of safety in the long run, I'm bullish on them.
There is, however, uncertainty associated with the FED's rate hikes, so I am hedging my position against massive sudden bear moves with an investment in SQQQ and UVXY.
There is, however, uncertainty associated with the FED's rate hikes, so I am hedging my position against massive sudden bear moves with an investment in SQQQ and UVXY.
Trade closed: target reached
Overall, all three trades worked out well, and I was able to DCA on meta to get a very nice entry point on the earnings dump. I'm now closing out my gains
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