In this post, Alex Koh shares his top 6 stock picks for September 2024, emphasizing opportunities despite the bearish market. With a focus on companies like Salesforce, Broadcom, Dell, Vistra Corp, Airbnb, and Qualcomm, Alex highlights why these stocks have strong growth potential due to their innovation and resilience. From leveraging AI to navigating market volatility, these picks are designed for long-term investors looking to capitalize on tech advancements and strategic industry plays.
This article was release 1 week ahead to my members at BuyTrigger.Club first. As promised, I am sharing these information here for my viewers.
As it stands we are going through some troubling times on the September bearish month, but I still stand by my analysis and findings. Fundamentally, these companies do not rely on the stock market, instead they rely on their technology and engineering advancing their products.
Welcome to September, folks. Let’s cut to the chase—everyone’s anxious about the looming volatility, which could make August 5th look like a warm-up. I know it sounds a bit crazy, but I’m actually excited. Why? It’s the perfect time to shake up my portfolio. I’m planning to sell my Tesla shares and shift into something with stronger growth potential. Elon’s been playing politician more than focusing on Tesla, but that’s a story for another day. Today, let’s zero in on a great value stock from my BuyTrigger list.
First off, I’m thankful for the August 5th sell-off. Here’s why:
It established a new technical bottom.
It halted unwanted momentum and allowed for a reset.
It shook off weak hands, clearing the way for stronger positions.
Before diving into the top 6 stocks, let me share an interesting chart. I’ve moved away from crypto, but I’m still heavily invested in the wildest growth sector—Nasdaq. It’s the part of Wall Street that’s changing lives and shaping the future my kids will grow into. It’s the wild west out here, and I’m reading every day to stay ahead of the curve.
1. Salesforce (CRM) - A Smart Buy Amid Market Volatility
Here’s why I’m bullish on Salesforce right now:
Earnings Power: Salesforce crushed it in Q2 2025 with $9.33 billion in revenue, up 8% from last year. They’re leveraging AI big time with their Einstein 1 platform, setting the stage for future growth.
Valuation Sweet Spot: Current price around $261.30, but I see this heading to $329. My buy trigger is set at $230, making it a solid bet with room for gains.
Technical Setup: It’s near a key support level at $239.22. Resistance at $270 and $310 means there’s upside potential. Indicators show the stock might dip short-term, but overall, it’s primed for a bounce.
Bottom Line: Salesforce isn’t just a safe pick—it’s a chance to ride the AI wave and capitalize on tech’s rebound. Perfect for those who like to strike when the market’s uncertain.
2.Broadcom (AVGO) - A Strong Play for September
Why Broadcom?
Strong upcoming Earnings: Broadcom reported $8.88 billion in revenue, with an EPS of $10.54, beating expectations.
Growth in VMWARE: Their VMWARE solutions segment, especially in AI, continues to drive robust growth.
Attractive Price Point: Currently trading at $165.72 with a target of $176, offering a 19% growth potential.
Technical Indicators: The stock is near key support at $152, with technicals suggesting an upcoming momentum push up.
Resilient Business Model: Broadcom’s strong cash flow and innovation in high-demand sectors make it a stable investment.
Conclusion: Broadcom is starting to support the hyperscalers super majors seek alternatives from Nvidia and the room for growth is enormous. Many Investors prefer them over AMD.
3. Dell Technologies (DELL) - Positioned for a Breakout
Here’s why I’m optimistic about Dell:
Earnings Stability: Dell reported consistent performance with solid revenue, driven by its diversified product lineup in technology and hardware. The company continues to leverage its strong brand presence and strategic partnerships to maintain steady growth.
Valuation Check: Trading around $110.74, Dell is undervalued with a target price of $138. This represents a significant upside, making it a compelling buy in a cyclically strong industry.
Technical Setup: Dell is sitting just above a critical support level, with resistance around $138. The recent oversold conditions indicate a potential rebound, with indicators showing momentum is building up for a breakout.
Resilient Business Model: Dell’s focus on growth in the hardware and technology sectors, despite cyclical challenges, ensures it remains a stable and promising investment.
Bottom Line: With SMCI in hot waters, everyone is going to dell. Also don't forget their AI Factory which will be the next big thing for Dell. They will not compete with Qualcomm (phone and laptop AI) but opening up their own segment for this growth.
4. Vistra Corp (VST) - A High-Risk, High-Reward Play
Here’s why Vistra Corp is catching my eye:
Undervalued Potential: Trading around $79.35, Vistra is significantly below its valuation of $172, presenting a strong buy opportunity with a potential 23% growth.
Technical Setup: The stock recently bottomed around $73.28 and is showing signs of recovery. Oversold conditions indicate that a rebound could be in play, with a possible breakout before the year-end.
Growth Prospects: Despite being in the high-risk category, Vistra’s focus on energy and utilities offers stability, with significant upside as the industry evolves.
Earnings Insight: Vistra’s consistent performance in the energy sector, paired with its strategic investments in renewable energy, positions it well for future growth.
Bottom Line: Vistra is a solid pick for those willing to take on higher risk for potentially higher rewards. With a favorable technical and valuation setup, it’s a stock to consider adding to your portfolio before the next leg up.
5. Airbnb (ABNB) - Positioned for a Turnaround
Here’s why I’m optimistic about Airbnb:
Valuation Play: Trading around $117.13, Airbnb is under its valuation of $136, offering a 20% upside. This makes it a strong buy for those looking to capitalize on a potential rebound.
Technical Setup: The stock has bottomed out around $113 and is now showing signs of recovery. Oversold indicators suggest that Airbnb is gearing up for a potential breakout once it finds new momentum.
Growth Potential: Despite recent challenges, Airbnb remains a leader in the online marketplace and travel industry. The company’s mature growth trajectory, coupled with its innovative approaches to travel, positions it well for future gains.
Earnings Outlook: Airbnb’s recent earnings showed resilience, and with the travel industry expected to pick up, there’s room for Airbnb to surprise on the upside.
Bottom Line: Airbnb is a solid pick for investors looking to catch a turnaround in the travel sector. With a favorable valuation and technical setup, it’s poised for a comeback.
6. Qualcomm (QCOM) - A Solid Play with High Potential
Here’s why Qualcomm is on my radar:
Undervalued Opportunity: Trading at $171.47, Qualcomm is below its valuation of $244, offering a potential upside of 11%. This makes it an attractive buy for those looking to capitalize on semiconductor growth.
Technical Setup: Qualcomm has bottomed out and is trading sideways around $175.34, waiting for a catalyst like the iPhone 16 launch. The oversold conditions suggest a rebound could be on the horizon.
Growth Prospects: As a mature growth stock in the semiconductor space, Qualcomm is poised to benefit from the upcoming tech cycle, particularly with 5G and mobile innovations.
Earnings Insight: Qualcomm’s steady performance in a volatile market, coupled with its leadership in mobile chips, positions it well for sustained growth.
Bottom Line: Qualcomm is a solid pick for investors looking to benefit from the next wave of tech innovation. With strong fundamentals and an undervalued stock price, it’s a smart buy in the current market.
Comments below and tell me which one of these is required in your portfolio? Personally
Broadcom is the biggest player for push up in the list. I think they should be in Mag 7 not Tesla
Qualcomm is a good alternative Apple play for mobile AI.
VST is a good High Risk one for your pyramid portfolio diversification
Dell is my secret weapon if it breakout - however the one trick pony can prove difficult
Airbnb - value play if I need to diverse
Salesforce is my flavour of the month for September.
This blog post is for informational purposes only and does not constitute financial advice. The views and opinions expressed in this post are solely my own and are based on my personal analysis and experience. All information is provided on an as-is basis, and while I strive to ensure accuracy, I make no guarantees regarding the completeness, reliability, or accuracy of the information provided.
Investing in stocks and financial instruments involves risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. This blog is intended as a personal journal to document my thoughts and strategies, and should not be taken as a recommendation to buy or sell any securities.
By reading this blog, you acknowledge that I am not responsible for any investment decisions you make based on the information provided here. Please exercise due diligence and consider your own financial situation and goals before making any investments.
An in-depth analysis of the top 5 stocks to buy after the Black Monday 2024 sell-off, focusing on undervaluation and growth potential. Learn why Nvidia, Robinhood, Vistra, Airbnb, and Visa should be on your buy list.
A comprehensive analysis of Qualcomm's undervaluation and Broadcom's uncertain forecast, with buy recommendations for the remainder of July by Family Investments.
Discover the latest investment opportunities and insights in our June 2024 BuyTrigger update. We analyze key stocks including Micron, Nike, Salesforce, Snowflake, Square, and Shopify, providing detailed evaluations, growth forecasts, and technical analysis to help guide your investment strategy.
