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Key Points
Overall Market
The Market Is Worried About Inflation and Possible Geopolitical Risk From the Growing Tension Between the U.S. and China
The stock market indices finished Wednesday in the green, but only barely. The Dow moved slightly, and the other two indices stayed near the zero line for most of the trading day. The uneventful stock market is the reflection of a relatively quiet news day.
Moreover, it seems the 10-year Treasury yield has remained flat for now, thanks to calming commentary by the Fed officials. Stock Picks Day
Weekly Stock Picks Summary
Folks, before we jump into the winner and loser stocks of the day, let's talk about the latest stock picks by Stock Card's portfolio publishers. If you've been with us for a while, you'd know that every Wednesday, we send a wrap-up email that summarizes all the portfolios that were updated during the week. I looked at today's wrap-up email, and it seems quite a few portfolio publishers have bought or sold stocks in the last few days. For example, Beaten Down portfolio has a new stock added, and Bow Tie Nation portfolio has a few sell orders. Also, take a look at the two new portfolios on the Stock Pick page. Sean Rose just published his Young Investor Dividends portfolio, and Dale Thompson, a YouTuber and Discord channel admin, took his Think Thank Trading portfolio live. I'm quite excited about both. Make sure to visit their portfolios and follow them if you like Sean and Dale's investment strategies. What's Up
Shares of Zscaler Jumped More Than 13% Thanks to A Better-Than-expected Forecast For the Year
From the list of most-viewed stocks on our Stock Card platform, it seems the so-called meme stocks had a good day. AMC was up more than 20%, so was GameStop, with more than a 15% jump.
Also, I noticed Zscaler (ZS) was up more than 12%. That's no meme stock, and shares are up after the cloud security provider announced better than expected earnings. Revenue was up more than 60%, and the company increased its full-year outlook. It seems the Colonial Pipeline cyberattack has revived the global interest in cybersecurity. The cyclicality of the cybersecurity industry is very interesting. There is always a jump in demand for cybersecurity providers after a major attack. It reminds organizations to tighten up their security measures. NEw Watchlist
Best Cybersecurity Stocks To Watch
Let's put together a cybersecurity watchlist. Type in "cybersecurity" in the search bar on top of your Stock Card account, and get the list of 45 companies fighting the global cyber threat.
Let me take it one step further: I went to the screen page and applied one more filter to the list. I'm looking for cybersecurity companies with no cash concerns. The final result is a list of 13 strong cybersecurity stocks you may want to watch if you'd like to add a few shares to your portfolio. Want to receive this daily stock market recap report in your mailbox?
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Key Points
Overall Market
The Stock Market Indices Fell as Investors See The Signs of Inflation in Commodity Prices and Everyday Item Shortages.
It was a difficult start to the week, especially for the Nasdaq index, falling more than 2%. The other two indices also finished the day in the red.
As we discussed last week, inflation fears due to rising prices and shortages in commodities such as lumber and everyday items, such as used cars and appliances, gave investors enough reasons to sell and lock some of their recent gains. April's Consumer Price index report is expected on May 12th. Let's keep an eye on it once the report is out and discuss the impact on investors' sentiment in future articles. What's Up
Why Did Coinbase (COIN) Stock Jump More Than 11% Today?
Excluding penny stocks and OTC stocks, about 1660 stocks ended Monday in the green. When I sort them based on return, a few interesting names pop up. Notably, shares of Coinbase (COIN) were up more than 9%. The cryptocurrency trading platform got an upgrade from Oppenheimer.
Generally speaking, Coinbase could be an excellent choice if you want to get some exposure to the cryptocurrency market without directly investing in it. You just need to be very comfortable with extreme volatility. Coinbase would move with the crypto market, and if anything happens to any of the major cryptocurrencies, you'll undoubtedly see the impact on Coinbase's stock price. What's Down
Is It Time to Buy Social Media Stocks After The Recent Price Drop?
A few days ago, we discussed how social media companies have lost their momentum and are getting more interesting by the day. The price fall continued today.
Pinterest (PINS) dropped more than 3%, as did Twitter (TWTR) by more than 4%, and Snap (SNAP) by more than 5%. I bet you Facebook (FB) didn't have a better day either, it was down more than 4%. All these companies have one thing in common: they make money from social media and online advertising. The main reason is a warning by Citigroup analysts about the slowdown in digital advertising. The digital ad spending will recover sooner than later. This industry is expected to grow by more than 15% year over year until 2027. These fluctuations tend to be short-term. The world is going digital, and none of us doubt that. The current slowdown is a reflection of higher spending last year. As I told you last time, I'm watching these companies very closely and may jump in, especially if the sell-off continues. Give Stock Card A Try!
Use Promo Code "rollwithourceo" to Get a 10% Discount
That's it for today. If you haven't already done so, please give Stock Card a try! Research as many stocks and ETFs as you'd want, and consider following a few successful investors by visiting the Stock Picks page on Stock Card platform. Don't forget to sign up for a 14-day free trial with promo code "rollwithourceo" all lowercase and in one word.
Today, we are introducing you to the Non-Fungible Token (NFT) list of stocks on Stock Card platform. The stuff we all buy and trade are broadly divided into fungible and non-fungible. Fungible things are easily interchangeable. A $10 dollar bill is a $10 dollar bill regardless of how many times it exchanges hands. It's not unique. All $10 bills are similar in value. In contrast, the Mona Lisa painting is quite unique. You can copy it but the original copy is still the original copy. The Mona Lisa is a non-fungible asset whereas a $10 bill is fungible. So far, so good. We put the Mona Lisa in a Musume and guard it with proper security cameras and locks and it maintains its uniqueness. But, what if the Mona Lisa could have been a downloadable art by anyone around the world and became a part of another painting? What if the Mona Lisa was a piece of digital art online? In that case, however unique it is, it would have been difficult to distinguish a copy from the original if anyone could have created a copy of the Mona Lisa and claimed it to be the original. Now think about all the digital things we own. A piece of music, a good article, a great game, or even an interesting video. How can those things stay unique and be valued based on their uniqueness at every corner of the Internet? The world we live in gets more digital by the day. Take the example of how we purchase and listen to a piece of music. It all started from live performances. Then humans found a way to store the music on cassette tapes, CDs, DVDs. Then came the era of digital downloading the music we like, and now we stream everything. Our favorite YouTubers may use parts of the music and create a new show or a podcast episode. The original piece of music is now exchanging hands and evolving at an unprecedented speed. The world has embraced a new technology named Non-Fungible Token (NFT) to address that specific challenge. The NFT technology associates the identity of the original creator of a piece of digital content with the content itself, which is non-fungible regardless of how many times it gets reused by other people. In a way, the NTF technology protects the uniqueness and the ownership of digital things in an easy and efficient way. Why Now?Why the world is suddenly interested in NFT technology. Digital files, music, and other types of digital content are not new. What is the driver of the global interest in NFTs and how come we have never had NFT technology until now? In order to associate a digital asset with its original creator and trace the people who have owned that asset since it was created, we need a technology that can trace that chain of ownership in an efficient and cost-effective way. Blockchain infrastructure is the answer. The same blockchain technology that powers cryptocurrencies can be used to create non-fungible tokens and identify the owners and value of a digital asset. That's, of course, a very simplistic and idealistic answer but you get the gist. Since we have blockchain technology we now can have NFT technology too. Imagine the implications of such a technology for investors like you and us. Anything and everything digital has an original owner that can be traded in exchange for money. As investors, everything that has monetary potential is an exciting investment. We can invest in tokenized digital assets. For example, we can buy a memorable video of a unique basketball shot on the NBA's Toshot marketplace. We can also invest in the companies that enable the NBA's Topshot website to offer its digital assets to NBA fans. As stock market investors, we prefer the latter. That's why we are excited to introduce our most recent list of stocks to our fellow Stock Cardians: the Non-Fungible Token (NFT) list of stocks that allows all of them to participate in the future of digital assets. Our methodologyBecause the NTF technology is in its infancy phase, the landscape is still evolving and growing across a few dimensions. We started our research by identifying markets that can take advantage of this revolutionary way of exchanging things digitally. Music, games, and collectible things, such as unique tweets from a celebrity, are examples of such markets. Then, there are digital marketplaces where people can exchange those unique digital content. Of course, we need the actual software infrastructure that enables such transactions. Those are broadly the subsegments of the NFT landscape as the industry evolves and grows.
One thing you would notice is that the number of publicly traded companies playing in the NTF market isn't too big. As is the case with all other emerging technologies, the innovation starts with smaller, more agile startups. As publicly traded stock market investors, we are at a disadvantage of not having access to those smaller private companies. However, there are still more prominent and established public companies with a lot of cash and an appetite for experimentation taking the lead in moving the NTF technology forward. Those are the companies we have added to the NFT list of stock and we would refresh the list in the weeks and months to come. A digital pair of shoesTake Nike (Ticker: NKE). The company already knows that its die-hard customers are interested in creating, owning, and trading uniquely designed limited-edition sneakers. We have spoken about the market for second-hand sneakers in the previous episode of the Daily Roll with our CEO. The savvy folks at Nike HQ have asked themselves if their sneakerheads (a way to call a person interested in owning and collecting several limited-edition sneakers) are interested in the actual sneakers, would they also be interested in a digitized limited-edition sneaker design? If you are not a sneakerhead, you are rolling your eyes and laughing at that notion. But, just like how you and we like to invest and trade stocks, it shouldn't be hard to imagine other people may be interested in buying and trading unique sneakers. Of all people, stock market investors should understand how it feels to buy, hold or exchange a highly desirable item. So, let's not judge?! Okay?! Going back to Nike, the company is experimenting with the idea of tokenizing its sneaker designs and that's how a digital pair of shoes is born. Final resultsJust like the Nike example, we looked for other companies that have already dipped their toes into the emerging NFT landscape, and we found and published a list of 36 companies across five subsegments of the NFT market. Have a look at the list and dip your toes in this rapidly evolving and new market. RisksAs is the case with investing in most emerging technologies, we face a few risks. The most important is the "hype" risk. When a new technology emerges, the media, social media, and the participants in the market are excited about the future potential and possibilities. The excitement typically creates unrealistic expectations and disregards the challenges that are in the way of developing commercially viable use-cases of the technology. As a result, the stock prices surge exuberantly, and we run the risk of overpaying for a commercially nonviable business opportunity. Make sure you are aware and consider such risk in your investment plan as you learn about the Non-Fungible Tokens and invest in companies leading or playing a part in shaping its future.
Regardless of who we are and where we live and come from, we all must have looked at the sky at least once and wondered:
What is Space Travel and Exploration?Space travel and exploration is not a new endeavor. Our parents and grandparents saw a huge step for humankind when we landed on the Moon decades ago. However, there is renewed interest in the last few years and a focus on pushing the space travel frontier and becoming a multi-planetary species. Numerous startups have emerged in the private market, and many public companies have focused on space travel. A new industry has been born from creating reusable rockets to making space travel more affordable and enabling unmanned exploration vehicles to prepare for humans' arrival. Our MethodologyWe started our research by identifying direct exploration and space travel companies. Such companies manufacture probes, rockets, and unmanned robots to use on other planets. From there, we extended our research to space travel enablers who create the necessary tools, hardware, and software for such exploration. Solutions such as ground-based operations to support the interstellar missions, highly advanced materials for outer space usage are excellent examples of space travel and exploration enablers. In the end, we summarized the world of Space Travel and Exploration into four subsegments:
Final ResultsThe result of our research is now available to you on Stock Card's Featured tab. You will find 49 companies in this collection pushing humanity for its next leap, working in areas where most investors have never assumed possible. RisksAs always, you are investing in future-shaping companies that come with an inherent risk. Many smaller companies focused on space exploration, and travel are unprofitable. Some haven't yet turned a single dollar in revenue, and the larger ones would still need billions of dollars in investment before making money from space travel and exploration. Should you choose to invest in stocks from Space Travel and Exploration, make sure to go for cash-rich companies with substantial competitive advantages. Those are some of the criteria that would protect your investment even if the sector goes through the typical stock market ebbs and flows.
These days, many of us are relaxing in our homes' comfort, streaming good movies, documentaries, and music on our favorite streaming platform. The streaming service has changed our world. From learning something new to streaming video games online to listening to our favorite book or podcast show, that's all possible because of the rise of streaming. Thinking about that, we are excited to introduce our most recent list of stocks: the Streaming War collection. The Streaming War is one of the most talked-about stock market wars we may have seen in our lifetime as stock market investors. Why would you only stream your entertainment and keep paying the likes of Netflix a monthly subscription if you can profit from it by picking up a few shares? What does the term Streaming War mean?The term was invented to define the heated battle between different streaming services for your attention and wallet. Streaming platforms are frequently signing new deals with producers, developing original content, and investing in the new segments of the markets such as music, video, podcasts, and video games to keep you hooked. This competition is so intense that even powerful TV providers are rethinking their business model. Such a competition resembles a flown-blown war, and like any war, there would be winners and losers. As stock market investors, we all need a powerful research tool to find the winners and dodge the losers easily. Our methodologyWe started our research by identifying the direct streaming services, including pure-play streaming platforms or traditional TV operations that also offer a streaming option. From there, we expanded the investigation to companies that provide software services for streaming. We did it because the winners of this new market are the streaming service companies and all the companies that develop the technology to make a better, faster, or more reliable streaming experience. We then repeated the research for various streaming segments such as video content, audio, video games, music, and books. In the end, we summarized the world of Streaming War into these subsegments:
Final results The result of our research is the Streaming Wars collection on the Featured tab. In this collection, you will find 77 companies that are revolutionizing the scene in the areas of video, video-on-demand, subscription services, audiobooks, podcasts, songs, and much more.
Don't forget that investing in several streaming stocks means investing in relatively overvalued shares. When there is hype, there is excitement, which typically leads to overvalued stocks. We'd recommend you use the Streaming Wars list of stocks as your starting point and use filters to narrow down the list to a sub-segment of stocks that are worth adding to your watchlist. |
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