Limit Buying Bonanza: 5 Blue Chips I Just Bought And 2 I Sold

Group 1: British American Tobacco (BTI) - British American Tobacco (BTI) shares were purchased at prices of $31.25 and $30.64, yielding 9.5% and 9.7% respectively, with a total of 6,066.4674 shares owned and a cost basis of $30.08 [5] - Sales for BTI are projected to rebound and set new records in 2025, with an annual growth rate of 3.5% expected through 2028, exceeding the management's previous guidance of 1% to 3% [5][8] - S&P Global Ratings upgraded BTI to BBB+ Stable, citing strong cash conversion in combustibles and growing profits in new categories despite regulatory challenges [5][8] - BTI's legacy cigarette business is expected to continue declining, while new categories are projected to grow by 15%-20% in 2024-2025 due to increasing consumer demand [8] - BTI's leverage is expected to decrease from 3.00 in 2023 to 2.28 by 2026, potentially allowing for an A-rated credit rating if adjusted debt to EBITDA approaches 2.0x [9][10] Group 2: Nvidia (NVDA) - Nvidia (NVDA) shares were purchased at $119.83, with a cost basis of $67.87, following a strong earnings report that led to a significant increase in analyst estimates [13] - Sales growth for NVDA is projected at 123% for 2023, with a consensus of 98% for 2024 and 36% for 2025, indicating a robust growth trajectory [16] - TSMC is ramping up its capacity by 150% in 2024 to meet the demand for AI GPUs, which could support NVDA's sales growth [17] - Nvidia's free cash flow (FCF) is expected to reach $77 billion in 2025, with potential upside if supply constraints are alleviated [20] - The current market cap of NVDA could reach $6.5 trillion by the end of 2025, representing a potential 117% upside if demand remains strong [20] Group 3: Brookfield Asset Management (BAM) - Brookfield Asset Management (BAM) shares were purchased at $38.02, with a cost basis of $38.07, as the company is positioned to benefit from significant infrastructure spending needs [35] - The global infrastructure investment needs are projected to reach $94 trillion by 2040, with BAM expected to guide for 15% to 20% growth over the next 5 to 20 years [38] - BAM has raised $162 billion in funds over the last 18 months, indicating strong capital-raising capabilities [37] - The company is expected to maintain a stable dividend, with 86% of its fee-bearing capital being long-term in nature [40]