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3 Stocks I’m Buying (August 2021)
It’s a new month, which means new investments. Here are three stocks I’m buying in August, 2021. Feel free to look these over and see if any are good matches for your portfolio, too.
Here we go!
1. Pfizer
Going to cheat here a little bit, because I actually bought my Pfizer position at the end of last month. Pfizer is a good example of market irrationality; the stock did nothing throughout most of the COVID saga and now it is exploding in price.
Even back in spring of 2021, when news channels were filled with stories of people lined up to get the vaccine, shares floundered in the low $30 range.
Pfizer is one of the best performing stocks in history, and they have an enormous portfolio of both prescription and over-the-counter drugs.
Additionally, Pfizer pays a fairly large dividend (given the company’s established, blue-chip status) and has massive revenue potential thanks to government and international contracts for new vaccines and boosters.
Even without vaccines and COVID, Pfizer is the second largest pharmaceutical company in the world (slightly behind…