The market was rolling in September, and I was buying into that strength. With interest rates heading lower, I had way too much of my portfolio parked in money market funds. I started to move some of that cash into stocks.
Some of the stocks I bought last month include Sirius XM Holdings (NASDAQ: SIRI), PDD Holdings (NASDAQ: PDD), and (NYSE: CCL). Let's take a closer look at why I'm willing to risk the safety of cash for the opportunity these three investments offer.
I know that pessimism is running thick when it comes to Sirius XM. The popularity of premium satellite radio possibly plateaued last year. Revenue gains have been anemic for a decade, turning negative in 2023. In a year of rallying prices, Sirius XM has been obliterated. The stock is down a blistering 53% in 2024, tumbling 27% just last month alone.
Source Fool.com