I like to own lots of stocks. While I might be over diversified , my strategy of taking relatively small positions in many companies has enabled me to invest in some big winners that probably would have never made it into a concentrated portfolio. It also allows me to steadily grow a position as my conviction increases.
As we enter 2023, I have the highest conviction that Blackstone (NYSE: BX) , Brookfield Asset Management (NYSE: BAM) , Prologis , (NYSE: PLD) , NextEra Energy (NYSE: NEE) , and Palo Alto Networks (NASDAQ: PANW) can deliver market-beating returns in the coming years. Because of that, I plan to add to all five of these positions early in the new year.
Blackstone's stock got pulverized in 2022, tumbling about 40%. The biggest factor weighing on the leading alternative-asset manager was concerns that it might struggle to grow in the current environment.
For further details see:
My 5 Highest Conviction Stocks to Buy in 2023