Stock Card's winners and losers
The winner and the loser stock of the week are both ironically at the mercy of a stock market bubble. One has burst, and the other has just started to shape up:
Winner: New Age Beverages Corp (Ticker: NBEV)
What's the latest craze in the stock market? If you answered "cannabis", you are correct. Today's winner is a small wellness beverage company that sells ready-to-drink tea and Kombucha. The craze is about the company's upcoming cannabidiol infused drink, and the stock market is gobbling up the stock. However, the company's recent quarterly earnings are painting a different picture. The company’s quarterly revenues were down, and its loss per share got bigger. To what extent New Age beverages Corp can live up to the expectations is anyone's guess, but there is no doubt that the stock is getting into an overvalued range that is not backed by its performance. Have a look at the company's Stock Card now.
Loser: NVIDIA Corp (Ticker: NVDA)
Nvidia’s stock has had a bad week! It fell by 14.37% on Thursday and went down again on Friday close to 20%. Add all that up, and the company’s share price is down 17.5% year-to-date. What happened? Cryptocurrency bubble burst! All business units are growing double-digit, except the sales of the gaming GPUs that were the darling of the cryptocurrency miners for a better part of the year. The company's management continued to manufacture their new high-capacity gaming chips. While the demand for chips fell, the price did not drop as fast as it should have. Consequently, Nvidia owns a large inventory that is not selling as fast as it should. The company stays well-operated and a leader. But such excess inventory needs attention. It's easy to blame the cryptocurrency miners for Nvidia's misfortune. However, the management is as equally responsible as the miners. The company may not recover from this excess inventory anytime soon, but there is no doubt that the stock price is entering the undervalued range. Have a look at the company's Stock Card now.
Renegade Investors podcast
How To Invest YouTube Channel
The latest episode of the How To Invest YouTube channel is up. One of our latest Stock Card Premium members inspired this episode. She called me one day and said, I couldn't do it! I logged in to my account, and there were so many financial phrases in a gibberish language that I decided to skip investing. That's the inspiration behind the episode four of our YouTube channel. If you are new to investing or you know someone who is, this episode is a must-watch.
Stock Card Premium
Stock Card Premium members were going at long-term investing as strong as always. One of the Stock Cards that we published for our Stock Card premium users that piqued our interest this week was Sleep Number (Ticker: SNBR). The company is one of those rare retailers that delivers a perfect combination of digital and physical retail experience. Have a look at the company's Stock Card. Just remember that publishing a new Stock Card for our premium members does not automatically mean we are investing in it.
That's it for this edition! Happy Weekend, folks! Don't forget to share this blog post with your friends if you find it helpful, and connect with us to share your thought and ideas