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You can create a portfolio of undervalued stocks with $50,000 right now. Here are three such stocks you can add to your watchlist. The post The Best Stocks to Invest $50,000 in Right Now appeared first on The Motley Fool Canada.
Warren Buffett has a knack for picking great stocks. Under his leadership, Berkshire Hathaway has built an investment portfolio worth over $308 billion, and many stocks in that portfolio have at least doubled in value, including Apple, American Express, and Coca-Cola. Berkshire invested $735 million in Snowflake (NYSE: SNOW) at its IPO price of $120 per share in September 2020.
The technology sector is suffering from its worst stretch of stock market performance since the global financial crisis in 2008. The Nasdaq-100 index plunged 33% last year, and while it has bounced by 12% in the early innings of 2023, investors have continued to face immense volatility. For investors with both short-term and long-term horizons, there are growing opportunities in the cloud computing sector as the widespread adoption of those technologies by businesses continues.