HUYA - 3 Stocks I Hate and Why I Still Own Them
2023-04-26 11:40:00 ET
It's probably not unusual to have a love-hate relationship with your portfolio. You can't be equally passionate about all of your positions, but sometimes you're not ready to cut loose the stocks that are holding you back in the near term. I own more than three dozen stocks at the moment, and I can't say I'm smitten with all of them these days.
Chinese esports specialist Huya (NYSE: HUYA) , cannabis grow-house landlord Innovative Industrial Properties (NYSE: IIPR) , and e-commerce giant Amazon (NASDAQ: AMZN) are three of my investments that I am not pleased with at the moment. Let's get into my concerns, and -- perhaps more importantly -- why I'm still holding them.
It's fair to call Huya the Twitch of China. It's the leading streaming platform for gamer videos in the world's most populous nation. However, a quick look at its sharply decelerating top-line growth over the past few years is sobering. Is this the Twitch or the glitch of China?
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3 Stocks I Hate and Why I Still Own Them