*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team entered into SNE at $92.33 after its correction from $118 down to $90. The price currently sits at just $99.09 per share.
SNE is overwhelmingly undervalued at current price levels. We’re holding this diamond in the rough for the long haul. It wasn’t long ago that SNE and NetEase Cloud Music got together to launch Sony Music to be made available in China. SNE also recently announced that they will be investing $18 billion in order to grow entertainment and sensor businesses. In addition, SNE aims to target 1 billion global entertainment users from its gaming, anime, and entertainment services. On top of that, Japan wants semiconductor manufacturing company TSMC and SNE to build a 20 nanometer chip plant.
Needless to say, there is a LOT to look forward to for SNE in the next few years.
SNE is also a great alternative for AAPL stock holders. Obviously we’re still long on AAPL, but we believe that SNE is the overall better pick for 2021.
Earnings are expected to be announced on 8/03/21 (same week as AAPL)
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