Top 3 stock picks this week

Below are my three stock picks for the week. My stocks are picked on a weekly basis and they are posted here every Sunday for your enjoyment. I hope that you can make money off of these picks as I choose these picks off of a careful analysis of formulas and charts. The growth stocks are based on a technical analysis approach, while the undervalued stock is picked off of formula similar to what Warren Buffett would choose for his stocks. I didn't just use the formulas or charts for the choices. I also did some research into the companies to make sure I believed that these were good investments. Now with that being said, some growth stocks will generate a really high positive return for the week and thus could be traded for a short term play. My undervalued stocks may take a while until they reach their target price. This target price could take up to a year to hit. A lot less risk is involved in undervalued stocks. For my final pick, my long term hold. This is what I believe to be most important. Long term holds in my opinion should be where most of your investments go. Pick a stock you believe in and watch it grow! Millionaires aren't made in one day. Especially in the stock market. Patience is key!

Undervalued Stock - HPQ - HP inc.

If you look at any simple formula for comparing an undervalued stock, HP hits them all this week. From my analysis, HP is a strong company that produces a good return on capital. However, even with this strong return on capital, it has a much lower stock price than expected. Yes, Computer sales might be down after this 2nd quarter but I think in the long run HP will always have a foothold in computer sales. Not to mention more people will be working from home in the future. They will probably want their own personal PC or printer now that they are familiar with working on a computer at home. I think HP will return to its price before the COVID crash soon. It also offers nice dividends, which is a nice little plus when buying an undervalued stock. Also, apparently printers are staging a comeback according to Bloomberg news. This is a mid-term hold in my eyes. Maybe hold for a year or longer, but could sell before if the price corrects itself early.

Growth Stock - JD - JD.Com

JD.com is the biggest E-commerce platform in China. One thing to note is it does have an online focus meaning it will do well with the current Pandemic. None the less, this company has been growing well over the past year and it looks to keep growing. The reason I like this stock is that it has a strong positive uptrend and it is looking to have a possible large increase in the near future. It also has gotten a partnership with Tencent not too long ago. Tencent specializes in artificial intelligence which could help JD grow. I think this stock could be a long term hold or quick sell to make couple bucks. I would look for a call option with this stock if you can manage that kind of risk. Otherwise, just buy some stock in it now and it should give you a decent profit in the future.

Long-Term Hold - OOMA -Ooma

If you are familiar with OOMA at all lately, you probably have noticed that it has been flying up. I would maybe wait for a dip to buy-in. None the less, this is a long term hold and the return you get in 5 years won't really depend on what few dollars you saved by buying in on a specific time period. Okay, so what about OOMA makes it a long term hold? Well, it is a younger company, having a 2019 IPO. OOMA deals with cloud-based communication solutions and smart security. Something that is evolving quickly with the changing times forced by COVID. The way I see it. The more we start to rely on technology to get work done, the more OOMA will grow. Not too mention, OOMA has been crushing their expected earnings per share. This company is doing well and I think with current economic conditions, it will continue to do well.