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Billionaire investor Warren Buffett once said: Whether we are talking about socks or stocks, I like to buy quality products when they are marked down. So, I looked for stocks to buy now that I think value investing has a lot of life.
Interesting situations
Meanwhile, the volatility of the stock market over the past few days has led to some interesting developments. And I suspect most retail investors like me take the opposite approach to the markets.
That might be a good idea because it’s hard to make good returns when stocks are overvalued. However, focusing on evaluation alone does not guarantee success. All stocks and businesses come with risks and potential upside – even the cheap ones.
However, the current market weakness could be a good opportunity. For example, I like FTSE 100S Burberry (LSE: BRBY), a global luxury goods manufacturer, retailer and wholesaler.
Change can stimulate businesses.
Last week, the company said its chief operating and financial officer would leave in April 2023, and today announced the appointment of a new chief innovation officer. Therefore, two senior management team members are changing.
Is that a worrying development? i don’t think so. The search for the next executive and financial officer continues. But change at the top of an organization can often lead to new drive and ambition in company boardrooms.
I think Burberry has a good chance of doing well in the coming years. That’s why I recently added some stocks to a diversified, long-term focused portfolio. Although, like all shares, positive results are not guaranteed.
What I want is another FTSE 100 company. Airtel AfricaA telecommunications and mobile money service provider on the African continent. In July, the company trumpeted a good first quarter result report “Double-digit revenue growth, margin and revenue growth and further strengthening of the balance sheet.”
Able to grow in the future
Looking ahead, CEO Segun Ogunsanya said the company expects growth in the near future “Before the Market”. And in the long run, there are opportunities “Sustainable Profitable Growth”.
Meanwhile at FTSE 250I count expectations Greggs It looks interesting. In August, the food-on-the-go retailer delivered a strong set of half-year results. And I hope the company’s strong brand and customer value will help it trade well in the future. Economic times are difficult for many people. But my guess is that a regular trip to Greggs will be one of the last habits you stop.
On top of that, Greggs has an ambitious expansion programme. Therefore, I view his prospects as attractive on all time frames. Of course, even if I am optimistic, I could be wrong. And Greggs may struggle to thrive in today’s tough economic climate. However, I recently bought some stocks for my long-term portfolio.