August hasn’t been a good month for markets, as investors have been rattled by a hawkish Fed, soaring valuations, and the deepening slowdown in China. The rally in artificial intelligence (AI) stocks has also lost steam, and Nvidia (NVDA) barely managed to close in the green despite a stellar fiscal Q2 earnings report last week.
While U.S. stocks have rebounded from their August lows, benchmark equity indices look to set to close the month in the red. As markets turn volatile after a strong first-half performance, I believe Berkshire Hathaway (BRK.B) and PayPal (PYPL) are two value stocks worth buying at these price levels.
