Summary: In this article, our contributors discuss their recent stock purchases and the reasons behind their decisions. Some of the stocks mentioned include Agronomics, Aviva, Glencore, Hargreaves Lansdown, Legal & General, and Safestore Holdings.
Agronomics:
Contributor Ben McPoland has been adding to his holding in Agronomics, a company that invests in start-ups focused on cellular agriculture. This emerging industry involves the production of animal-based products from cell cultures, also known as “lab-grown meat”. McPoland is encouraged by the progress and sees the potential for environmental sustainability and health benefits in this alternative.
Aviva:
Despite the recent share price weakness, contributor Royston Wild decided to buy shares of Aviva. He believes that the rock-bottom valuation of the stock overstates the threat posed by tough economic conditions. Wild expects the company to benefit from the growing elderly populations in its markets, which could lead to increased sales of its financial products. Aviva shares also offer a high forward dividend yield, making it an attractive value stock.
Glencore:
Contributor John Fieldsend sees value in Glencore shares, which are currently near a 52-week low. Analysts hold a positive view of the stock, with a strong buy sentiment and an attractive average price target. While the company relies on coal as a significant revenue source, there is potential for growth with a diverse range of commodities. Fieldsend is optimistic about the future dividend yield and believes it is an excellent entry point.
Hargreaves Lansdown:
Contributor Edward Sheldon decided to buy more shares of Hargreaves Lansdown after being impressed with the company’s full-year results and its ability to benefit from higher interest rates. While competition from new rivals is a risk, Sheldon finds the company’s valuation and dividend yield appealing at current levels.
Legal & General:
Contributor Charlie Keough purchased more Legal & General shares despite a 14% decline in 2023. Keough highlights the attractive 9% dividend yield and sees potential for growth due to the company’s strong brand name. While there are risks, such as a dip in assets under management and the CEO retirement, Keough views the stock as a no-brainer for passive income opportunities.
Safestore Holdings:
There is no additional information about Safestore Holdings in the source article.
Definitions:
– Cellular agriculture: The production of animal-based products from cell cultures rather than directly from animals. This can involve the production of “lab-grown meat”.
– Price-to-earnings (P/E) ratio: A valuation ratio that compares a company’s stock price to its earnings per share, indicating how much investors are willing to pay for each dollar of earnings.
– Dividend yield: The dividend income earned per share compared to the stock price, expressed as a percentage.
– Assets under management: The total market value of investments that a financial institution manages on behalf of its clients.
Sources:
– Author: Ben McPoland
– Source Title: Investing alongside you, fellow Foolish investors: Here’s a selection of stocks we’ve been buying in the past month
– Date Published: October 27, 2023
– Author: Royston Wild
– Source Title: Why I’d buy the Aviva share price right now
– Date Published: October 27, 2023
– Author: John Fieldsend
– Source Title: Why I’d buy this FTSE 100 stock today
– Date Published: October 26, 2023
– Author: Edward Sheldon, CFA
– Source Title: Why I’ve recently been buying more of Hargreaves Lansdown shares
– Date Published: October 26, 2023
– Author: Charlie Keough
– Source Title: Why I’m continuing to buy Legal & General shares for my portfolio
– Date Published: October 25, 2023
– Safestore Holdings: No additional information provided in the source article.