I don’t know about you, but I am recovering from the January blues and in the process decided to look ahead to February this year. If you are new here, I get to research when I am bored and in the process decided on the top 5 stocks I am buying in February 02023.
My top picks
First, a little disclaimer. I chose these stocks by doing my own analysis & I encourage you to do the same. None of the below is financial advice, it’s simply my own investing decisions written out for you to take inspiration from if you wish.
- Wix.com
- Okta Inc
- Autodesk Inc
- Twilio Inc
- Spelunk Inc
You can buy any of the below stocks through Etoro.
| Broker name | Type | Review | Rating | Broker site |
|---|---|---|---|---|
| Etoro | Investor & Trader | Link | 4.6 | Visit broker |
*eToro is a multi-asset investment platform. The value of your investments may go up or down. Your
capital is at risk.
1. Wix.com Ltd (Nasdaq: WIX):
Wix.com is a cloud-based platform that enables people to create professional websites, blogs, and online stores. With its platform, users can create, manage and promote their websites with ease. Wix.com offers a wide range of services such as website hosting, domain registration, e-commerce solutions, and more.
The company’s share price has decreased significantly over the past few quarters as e-commerce struggles to maintain sales. Last quarter seems to stabilize and I am a positive guy that believes we may see an increase in the overall market when it comes to online consumption soon.
2. Okta Inc (Nasdaq: OKTA):
Okta is a cloud-based platform that provides identity and access management solutions for businesses. The company’s solutions allow businesses to easily manage and secure employee access to corporate applications and services.
Okta’s share price has been on a strong uptrend over the past year due to its strong customer base. Its share price started dropping in early 2022 but seems to be stabilizing in the last several months. As the company remains solid, I will be buying more shares in February.
3. Autodesk Inc (NASDAQ: ADSK):
Autodesk is a software company that provides 3D design, engineering, and entertainment software and services. The company’s products are used in a wide range of industries, including architecture, engineering, manufacturing, and media and entertainment.
Autodesk’s share price took a serious dive in late 2021 as it was massively overpriced. It hasn’t been able to break free of its current volatility, but I believe it could.
4. Twilio Inc (NYSE: TWLO)
Twilio is a cloud-based communications platform that provides APIs for companies to build and manage communications channels such as voice, text, video, and messaging.
Twilio’s share price has been tanking in recent months due to less demand for its services. However, I believe it may be closer to it’s bottom price point and believe it’s fair value at this stage:
5. Splunk Inc (NASDAQ: SPLK):
Splunk is a software company that provides data analytics, machine learning, and operational intelligence solutions for businesses.
The company’s share price had been on a strong uptrend due to increasing demand for its products and services. Then the overpricing happened in the tech sector and it is yet to recover from this. This is exactly why I believe holding the stock now will show potential in the future.
| Broker name | Type | Review | Rating | Broker site |
|---|---|---|---|---|
| Etoro | Investor & Trader | Link | 4.6 | Visit broker |
*eToro is a multi-asset investment platform. The value of your investments may go up or down. Your
capital is at risk.
