When it comes to investing, I am constantly looking for high-quality companies trading at great valuations. However, sometimes valuations get way out of hand and that is why I chose to cut this stock entirely from my portfolio.
The two stocks I believe are worth buying immediately are Amazon(NASDAQ: AMZN) and Starbucks(NASDAQ: SBUX).
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*Stock prices used were end-of-day prices of July 19, 2024. The video was published on July 22, 2024.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Mark Roussin, CPA has positions in Amazon, Iron Mountain, and Starbucks. The Motley Fool has positions in and recommends Amazon, Iron Mountain, and Starbucks. The Motley Fool has a disclosure policy.
Mark Roussin is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
