More Up...or On the Way Down?



2024 has started with a 2-day selloff -- mostly in the tech and growth stock sector. Growth stocks both raise fast and fall fast. SOFI (which is not a stock I recommend at this time) dropped nearly 14% today. CELH, which is a holding in the Model Portfolio, dropped over 6% today.

The market went on a tremendous run in 2023, so a pullback is to be expected. The question is whether this is a short-term pullback or a long-term pullback. Some say the US will experience a recession in 2024. Some say a "soft landing" is possible. The truth is, no one knows. 

I don't have any plans to sell any shares in the Model Portfolio, for now at least. I also have quite a bit of hypothetical cash in the portfolio. From the beginning (or near it), I saw it as a $25,000 portfolio. The Model Portfolio holds about $15,000 in assets, so about $10,000 in cash. Of course, not everyone has that much cash on the sidelines. 
But when I go add shares, it will be slowly over time. I will not deploy the cash in lump-sum type investing.

As of now, these are my top priority stocks to add to.

1. NOW
2. MELI
3. CELH
4. NU
5. TTD

I give an honorable mention to ASML. 

Here are some stocks on my radar.

LMND -- insurance disruptor (target price is about $10)
MNDY -- hyper-growth cloud-based software company, specializing in workplace applications (target price $150)
ENPH - a leading solar company that specializes in microinverters
MSFT -- mega-cap tech leader specializing in software and cloud-computing (target price $320)
NVDA -- leading semiconductor company, way ahead of others in AI application (target price $450)
ZS -- leading company in cloud-computing security (target price $175)
ANET -- a high-quality company specializing in cloud-networking solutions, including software and hardware
ESTC -- offers software products for cloud-computing, including data analytics, search, and user interface
SHOP -- ubiquitous e-commerce platform that helps merchants market and sell their products, manage inventory, and secure working capital (among other functions)
DOCN -- SMB cloud-computing company with solid growth and customer retention
MDB -- hyper-growth software company specializing in data-solutions

That's all for now.

This website is created and authored by Marlin Sandlin and is published and provided for informational and entertainment purposes only and merely cites my own personal opinions.  I am not a financial advisor, and this website is not intended to constitute investment advice or provide specific advice or recommendations for any individual or on any specific security or investment product.  Any action you take upon the information you find on this website is strictly at your own risk.  This website may share links to articles and information which is interesting to me, but it is in no way an endorsement by me or by anyone associated with me.  The views reflected in the commentary are subject to change at any time without notice.   I may or may not hold investments in the companies or securities discussed on this website.This website is created and authored by Marlin Sandlin and is published and provided for informational and entertainment purposes only and merely cites my own personal opinions.  I am not a financial advisor, and this website is not intended to constitute investment advice or provide specific advice or recommendations for any individual or on any specific security or investment product.  Any action you take upon the information you find on this website is strictly at your own risk.  This website may share links to articles and information which is interesting to me, but it is in no way an endorsement by me or by anyone associated with me.  The views reflected in the commentary are subject to change at any time without notice.   I may or may not hold investments in the companies or securities discussed on this website.


Marlin Sandlin owns shares of CELH, NOW, MELI, TTD, ASML, NU, MNDY, MSFT, NVDA, ZS, ANET, ESTC, and SHOP.

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