2 Scottish Mortgage Investment Trust stocks I’d buy today

first_img2 Scottish Mortgage Investment Trust stocks I’d buy today Enter Your Email Address Simply click below to discover how you can take advantage of this. See all posts by Edward Sheldon, CFA “This Stock Could Be Like Buying Amazon in 1997” Edward Sheldon, CFA | Monday, 14th December, 2020 | More on: OCDO AMZN Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Edward Sheldon owns shares in Scottish Mortgage Investment Trust, Amazon, and Hargreaves Lansdown. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK owns shares of and has recommended Amazon. The Motley Fool UK has recommended Hargreaves Lansdown and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Scottish Mortgage Investment Trust is popular at the moment. Last week, the tech-focused global equity trust was the most bought stock on the Hargreaves Lansdown platform.While I see SMT as a good long-term investment, I wouldn’t put a ton of money into it right now, as a lot of US tech stocks look a bit overheated. That said, there are plenty of individual stocks in Scottish Mortgage I’d buy today. Here’s a look at two of them.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Scottish Mortgage holds this UK growth stockOne I like the look of right now is Ocado (LSE: OCDO). This is one of the few UK-based companies the trust has invested in.I think Ocado is worth investing in for two reasons. Firstly, its online grocery segment is growing rapidly. In a trading statement last week, the company reported revenue growth of 35% for the 13 weeks to 29 November. It also raised its annual EBITDA forecast for the second time in two months. Of course, sales here have been boosted by coronavirus lockdowns. However, I expect online sales to remain strong in a post-Covid-19 world.Secondly, Ocado’s technology offering, the Ocado Smart Platform (OSP), appears to have a lot of potential. This is an end-to-end solution that helps other supermarkets transform themselves digitally. Already, Ocado has signed a number of key deals with major supermarkets such as Kroger in the US and Groupe Casino in France. As more supermarkets look to go digital, Ocado should benefit.Ocado isn’t profitable at the moment. While revenue is forecast to increase about 17% next year to £2.8bn, a net loss of £170m is expected. So I do see it as a higher risk stock. All things considered however, I think it’s worth a small investment, particularly while the share price is well below its 52-weeks highs.This SMT stock just keeps winningAnother Scottish Mortgage stock I’d buy today is Amazon (NASDAQ: AMZN). At the end of October, it was the second-largest position in the investment trust. Amazon is expensive, sure. The forward-looking P/E ratio is currently about 70. Yet this company is incredibly dominant, so I don’t think that valuation is actually excessive. Amazon has several things going for it. Firstly, it’s the undisputed leader in the online shopping space. This industry – which is still realistically in its early days – is only going to get bigger.Secondly, it’s the leader in the cloud computing industry. This industry is set to grow at around 15-20% per year in the next five years. This means Amazon is well-placed for long-term growth.Amazon shares are currently more than 10% below their all-time highs. I see this share price dip as a buying opportunity. Given its dominance in a number of high-growth industries, I think everyone should consider this Scottish Mortgage stock for their investment portfolios. I would like to receive emails from you about product information and offers from The Fool and its business partners. 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