Nu Holdings: My Top Pick For 2024

Dec. 21, 2023 6:59 AM ETNu Holdings Ltd. (NU) StockNU67 Comments
YR Research
4.49K Followers

Summary

  • 2023 was a remarkable year for stock investors, with the stock market experiencing a great recovery despite initial bearishness and uncertainty.
  • High-quality stocks that were undervalued at the beginning of the year are now trading at all-time highs.
  • In 2024, the focus will shift to profitable, high-growth, smaller companies like Nu Holdings that have the potential for exceptional returns.
  • The financial services disruptor is projected to continue to grow rapidly, as it capitalized on the developing Latin American economy.
  • With a PEG ratio of 0.56, I find NU to be a once-in-a-lifetime bargain, making it my top pick for 2024.

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Agustin Vai

A marvelous year for stock investors is approaching an end. A year that began with an extreme bearish sentiment amid growing geopolitical tensions, high inflation, and overall macro uncertainty, turned out to be one of the greatest recovery years in the history

This article was written by

4.49K Followers
I aim to invest in companies with perfect qualitative attributes, buy them at an attractive price based on fundamentals, and hold them forever. I hope to publish articles covering such companies approximately 3 times per week, with extensive quarterly follow-ups and constant updates.I manage a concentrated portfolio targeted at avoiding losers and maximizing exposure to big winners. This means that often I'll rate great companies at a 'Hold' because their growth opportunity is below my threshold, or their downside risk is too high.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of NU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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