5 Undervalued Stocks to Buy in August 2024

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Hello everyone, I am Daniel Pronk and in today's video, we discuss the top 5 stocks I think are looking cheap in the month of August

00:00 - Intro
00:59 - Stock #1
04:55 - Stock #2
13:59 - Stock #3
20:52 - Stock #4
27:47 - Stock #5

Disclaimer: Before we dive into this discussion, I want to make it clear that I am not a financial advisor, and nothing I say is intended to be a recommendation to buy or sell any financial instrument. All trading and investing activities must comply with the regulations set forth by the Securities and Exchange Commission (SEC). I will never ask you to send me money to trade for you, and if you come across any suspicious emails or fake social media profiles claiming to be me, please report them immediately. Additionally, it's important to remember that there are no guarantees or certainties in trading or investing, and you should never invest money that you can't afford to lose. While my videos may contain affiliate links or sponsorship to products I believe will add value to your life, it's crucial to conduct your own research before making any financial decisions.

[danielpronk]

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[BrewNoCarbs]

I've just begun learning about value investing, and I've found that many good stocks are undervalued despite their intrinsic value. If you had $200, 000 to create a strong investment portfolio, which stocks would you choose?

[BrewerVera]

Started my portfolio last year with SCHD, VOO, and VUG after watching one of your videos. In terms of share price, VOO is way up (22.25%) and VUG is up (39.62%). Thanks for the education!

[sirheisenberg]

Putting well-earned money into the stock market can't be over emphasised for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me?

[giovanniverdi]

Daniel please delete all comments written by bots that promise earnings if you rely on some "special guru". these comments ruin the experience of the comment section, as well as risk deceiving people with less experience. thanks as always for sharing your experience with us, greetings from italy

[brianwhitehawker]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?

[EverlyndPerez]

Some stocks seem undervalued despite their potential, making you wonder when the market will recognize their true value. How can I invest $100K wisely to secure my future?

[AnthonyJustice-ix]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

[Dave_East]

I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some investors still make that despite the strong bear market. In wish I could pull that feat

[austinbar]

Strong BUY. Still early innings. NVIDIA is the dominant leader in AI and the preferred technology partner globally. Even w new competition on the horizon, NVIDIA is far ahead of the competition. 85% market share. 76% margin. Unrivaled demand for new Blackwell chip. Demand far exceeds production for Blackwell through to 2025 and beyond. No competitor has anything close to Blackwell. And forward P/E is about 33 (cheap for a high growth stock). Buy this stock and wait. You will be rewarded.

[Jayvazquez]

I’ve been adding to V and AMZN the past few weeks, I agree with you that now it’s a good buying opportunity for both.
Nice video!!

[bombmanNL]

Booking is way more attractive price and potential, in comparison with Airbnb

[Yaw_Jr]

Awesome content, excellent analysis!

VISA, Amazon, Lulu - absolutely agree, buying VISA & Amazon

The Indian Bank- wow, never heard of them. Thanks!

[DanielMartinez-mnnr]

Daniel do you think BN is still a great long term play? Its such a complicated bussiness to understand i keep second guessing myself.

Ive got BN and amazon as my main stocks.

[MrLiridonf]

Pretty good analysis. I have been using Stock Unlock for almost a year now and it’s a very helpful tool. Have you ever considered to start like an equity fund? You’re a very good story teller.

[angelicamei]

hey Daniel, in your last video on the top Canadian stocks in July, you mentioned ATD and that they would report their earnings the following week. Based off of their report, do you think this stock is a good buy, or is the price inflated now?

[JKRInvesting]

Like the look of Lululemon. Thought Meli would be on the video!

[ViktorRojkov-hs]

I think it's time for me to take my skills to the next level by joining your VIP group. Your insights are truly life-changing!

[cloudedjourney]

Lulu is an interesting one. As you say its tougher to predict apparal companies. I heard there is a certain size many of these clothing companies get to and they lose their cool factor. It seems like Lulu is approaching this point. The one thing lulu seems to have is proprietary material which its users do love. So the question is can this company last the test of time.

[ichoudhury]

ABNB is a great one to own. I think with interest rate cut, they will significantly benefit from the overall growth.