3 Stocks to Buy May 2020

by CHZ



3 Stocks to Buy in May 2020 edition is our monthly series where we cover 3 stocks to invest in. All 3 companies (LEG Stock, WFC Stock, AXP Stock) are providing good value for long term investing in May 2020. Is it time to buy these stocks? Are these companies a buy in May 2020? Should I invest in these stocks in May 2020?

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The 3 stocks we cover this month are:
1) Leggett & Platt Stock (LEG) – https://bit.ly/3eY3UFj
2) Wells Fargo Stock (WFC) – http://bit.ly/2RVhkIQ
3) American Express Stock (AXP) – https://bit.ly/2xguAjA

#LEG #WFC #AXP #PositiveInvesting

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42 comments

Positive Investing October 21, 2020 - 6:32 pm

Enjoy the video! Check out the VIP Group if you want to know when I buy/sell stocks and what stocks I hold in my portfolio: http://bit.ly/2Gk9JfW

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EL H. October 21, 2020 - 6:32 pm

I'm wayyyyy long on LEG

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JOHN KEROS October 21, 2020 - 6:32 pm

Thanks. A 'Like' from me.

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A Types October 21, 2020 - 6:32 pm

Complete trash analysis and picks. I was doing well on all my stocks and WFC & AXP have been my biggest losses smh. Taking everything with a grain of salt on this channel.

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Arbonne Molina October 21, 2020 - 6:32 pm

WFC is a great buy

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Blessings 2You October 21, 2020 - 6:32 pm

I'm personally terrified & distrustful of financial investments. So:
1) Legget & Platt
2) American Express
3) Wells Fargo (due to past problems)
I just found ur April vid & was intrigued by Align. Is it STILL a good buy iyo?
Please check out SWCH vs UBER in terms of how the market reacted to BOTH earnings reports on Friday, 5-10-20. It seems millenials r driving uber up NO MATTER WHAT! EVEN IN THE MIDST OF PROTESTS FROM "CONTRACTORS" whom rec'd ZERO COVID RELIEF DUE TO STATUS,. I.E. they aren't actual employees when labelled "contractor"!!! Uber will have to address this & eventually probide hlth ins, retirement, & regular perks. I wouldthink that would cost uber a ton of cash…especially right now. The protest in CA on Friday were just the beginning for their disappointment in uber. I think the high vol WHO bought uber friday were simply being sheep due to uber being a fav for the millenial investors…what say you?? They are totally missing the allure of SWCH UH

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J.J. Man October 21, 2020 - 6:32 pm

If you’re going to ALWAYS keep talking about stocks to buy, PROVE that you’re walking the talk by buying them in following you own advice (and not having some ulterior motive like that two-face hypocrite Bill Ackman). All these amateur investors, who think they can have a YouTube popping up every day like fireworks, think they know what they’re talking about who never show their portfolio in being transparent because they're poor only having a few hundred dollars in it, like taking financial advice from a homeless bum still living at home with mom, fitness advice from a fat person, etc.

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tahsein jawed October 21, 2020 - 6:32 pm

Your analysis on TLSS?

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Sam Loss October 21, 2020 - 6:32 pm

Nice video 🙂

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Kyle S October 21, 2020 - 6:32 pm

Wow I bought axp and wfc before watching this. They’ll bounce back

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stockman1963 October 21, 2020 - 6:32 pm

CODX Makes COV test kits- they are 100% accurate. Earning were up last quarter before Wuhan. MRNA — Will make vaccine for EU in July-is Swiss Company. EBS makes vaccines for other companies that do the R&D. Has a contract with NVAX. Most good companies already did there big bounce.

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GhaffariTV October 21, 2020 - 6:32 pm

Well, I wish I watched this vid before buying more Bitcoin…

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Troy Hampton October 21, 2020 - 6:32 pm

Wells Fargo? Purchasing a bank that lends money during a time when we’re reaching record level unemployment and negative GDP growth seems like a stretch 😂

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Present Trend Production October 21, 2020 - 6:32 pm

Hi,
Can i make compound interest on equity . Which doesn't give devidend.

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Stock Jock October 21, 2020 - 6:32 pm

I picked up WFC for their dividend, but like you I prefer JPM, which I have a small position in. I don't hear much enthusiasm around Sysco, but you might wanna look into it as the stock is severely undervalued and nearly a dividend king. My tech plays are IBM and HON. I like what they are doing with quantum computing.

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Joseph Khristov October 21, 2020 - 6:32 pm

I'm hitting the like button but I'm missing the hat! Lol

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AlbinoBlackBear October 21, 2020 - 6:32 pm

$NAT $DHT Making real money this May. Not bloated stim money.

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Khurram Shah October 21, 2020 - 6:32 pm

Good video and analysis

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Delano Jackson October 21, 2020 - 6:32 pm

1 WFC 2 AXP 3 LEG

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carl john October 21, 2020 - 6:32 pm

nice infomation, i am begginer in trading. big help

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Verne Fits October 21, 2020 - 6:32 pm

great picks. I will start loading on financial services

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Brickify October 21, 2020 - 6:32 pm

Nice vid and nice hair cut, dropped a like :D.

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TylerJaeMoyer October 21, 2020 - 6:32 pm

Fantastic video! Love the graphs

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Kieran Gilberthorpe October 21, 2020 - 6:32 pm

What's your return on your personal investments over the last 2 or 3 years?

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TheCanadianGoose October 21, 2020 - 6:32 pm

I own AXP and WF but don't really like them anymore…

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mo zain October 21, 2020 - 6:32 pm

do you guys think I should buy my stocks now or would they fall back down again? thank you

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Davon Thompson October 21, 2020 - 6:32 pm

This dude don’t know what he’s talking about the new Economy is going to reduce on lending out debt so why invest in a bank or a credit card 💳 company 🤦‍♂️ That’s how they make their money 💰 off of debt

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Critical Mass Investing with Scott October 21, 2020 - 6:32 pm

Good video as usual Nick! Always enjoy the 'Stocks of the Month' series. Here's my quick thoughts with rank buy ratings as of today, as requested.

(3) LEG – Not a company I follow closely, but I prefer a company like Leggett & Platt over the furniture sellers. My biggest concern is debt doubling over the past few years, but looks manageable. Also not the type of stock I like going into a recession, which I believe is where we're at today. Long term? Agree that LEG should be fine.

(1) WFC – I owned zero traditional banks heading into this crisis and decided to open a position back in March and I went with WFC. Not risk free by any means, but I like the new CEO and think he's the right person to lead Wells going forward. MY cost basis is mid-$27 range and currently have about 1/2 of desired position. Likely won't fill unless stock retreats near by per share cost basis in the very least at this point. I like it, but not enough to chase it.

(2) AXP – I've held American Express for quite a few years now with a cost basis in the $60's. I sold 1/2 my position between $115 and $132 over the last year, which took my initial investment off the table so everything I own now is risk-free from a capital loss perspective. I will consider re-filling the position starting in the mid-$70's. Missed the chance last month, but we could very well have another chance in the months ahead. If not, I'll just run with what I have for now.

As you probably know, I'm a long term investor like you Nick. One of the questions I ask myself before investing is, "do I see this company outperforming the broad market over the next 3, 5, 10 years". If not, I usually won't buy. No reason to bring on company specific risk when I could just buy the S&P 500 and get equal to or greater returns. Of the above, I expect WFC to outperform the S&P 500 by quite a bit over the 3 period. AXP should outperform, but definitely not a given from the low $90's share price. I don't see LEG outperforming from current levels, but possibly from the low-mid $20's, which could be where you bought it.

Thanks for sharing your ideas Nick!

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Luke Carter October 21, 2020 - 6:32 pm

NUGS Cannabis Strategic Ventures 400% Sales growth!

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Jake Mullins October 21, 2020 - 6:32 pm

The low was already hit, now the economy is opening up it will slowly climb up! Plus it’s an election 🗳 year, Trump will continue to have the Fed push stimulus!! Hope y’all bought around March 23

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Chris Earhart October 21, 2020 - 6:32 pm

I'm a huge LEG buyer, been buying for the past 30 years, many stock splits along the way too. Buy and HOLD for the long run, great dividend too!!

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Ebreeze84 October 21, 2020 - 6:32 pm

What's up with the thumbnail? Just be normal, almost didn't watch.

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Milk2Percent October 21, 2020 - 6:32 pm

Im an Uber driver! Dumped all my money in and already made $750 in a week since the US is reopening. Business is booming

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Nelson Lee October 21, 2020 - 6:32 pm

Sorry Nick don't really look into to these stocks. But just on the superficial level I would go with AXP, WFC, and LEG. Great video, fruit for thought for me 😉

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גלית לוין October 21, 2020 - 6:32 pm

When do suggest to buy? At the beginning of May?

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Lio Lio October 21, 2020 - 6:32 pm

Updated on nio??

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Freddie Butler October 21, 2020 - 6:32 pm

AXP, WFC, LEG

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Billy Johnson October 21, 2020 - 6:32 pm

I own LEG and WFC I'm up on LEG and down on WFC. I also own BLK I'm up a lot on BLK

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Robert Clarkson October 21, 2020 - 6:32 pm

LEG!

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Manuel Olague October 21, 2020 - 6:32 pm

How do i get VIP? Love the videos… new to the channel

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Matt Nelson October 21, 2020 - 6:32 pm

Not much is at too great of a value right now. I did recently buy some shares of Wells Fargo, but I am waiting for a bigger dip to buy some of the more premium blue chip companies.

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Manuel Olague October 21, 2020 - 6:32 pm

What do u think of Devv

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