For more than a year now, I have been one of the few analysts saying Google Inc. (Nasdaq: GOOGL) was set for a rally.
In several of our chats I’ve said that with this one stock you get both an ETF on the future and a company that produces great profit margins today.
To be sure, the stock lagged the overall market over the past few months. That’s largely because industry analysts thought Google’s futuristic ambitions would shred profits.
But all that changed on July 16, when Google reported excellent second-quarter results that sent the shares up more than 16%. The move added nearly $70 billion in shareholder value in a single session, a record on Wall Street.
Google made this huge leap largely because it followed one of the rules in Your Tech Wealth Blueprint.
The question now is: Does Google have any upside left?
If you listened to Wall Street – rarely a good idea – you’d think that software firms are little more than aging dinosaurs.
After all, it seems like eons ago when these “dinosaurs” were scrapping hard to land prime placement for their products at brick-and-mortar stores.
However, no meteor has come along and taken out software and our need for it – far from it, in fact.
It’s just moved – to the cloud.
Rather than buying shrink-wrapped packages full of CDs, we now “rent” software as a monthly service delivered to us via the Web.
According to the analysts at International Data Corp., this cloud computing subsector, software as a service (SaaS), will reach $50.8 billion by 2018, up from $22.3 billion in 2013. That’s an annual growth rate of nearly 18% in five years,
With big money and fast growth like that up for grab, you know that shortage of tech-savvy newcomers are shaking up the marketplace.
On the other hand, Wall Street is partly right – most of the old-school software companies are struggling to stay relevant.
But one Silicon Valley legend is quietly transforming itself into a cloud-based provider of essential software tools. (I bet you use at least one of them.)
Today, I’m going to show you how this company is doing that.
Greek Prime Minister Alexis Tsipras accepted his nation’screditors’ austerity deal earlier this week – but this story is far from over.
In fact, just earlier today, a leaked International Money Fund (IMF) report shows that Europe’s basket case needs a whole lot more debt relief than previously understood.
While the markets don’t seem to have been spooked by this latest tidbit of news, we can expect them to be rollicked by something in the coming hours and days.
But you’re prepared.
After all, when we spoke back on Feb. 24, I told you to expect a very volatile market in 2015. We may be in the middle of a generational bull market, but, this year at least, it’s one that’s choppy and news driven.
Consider that since June 1, the bellwether DowJones Industrial Average has had 15 winning days compared with 14 losing ones.
At this point, I see no reason to change my forecast that tech will inflate your portfolio between now and year’s end – but there’ll plenty more volatility along the way.
My job here at Strategic Tech Investor is to make you money no matter what the market throws our way.
So, today I’m setting you up with five ways to profit from the Greek Debt Crisis and any other selloffs that come along.
So wouldn’t it be nice if we had a president who understood the Internet of Everything, Big Data, cloud computing and all the other paradigm-altering advances coming out of Silicon Valley at an incredibly rapid pace.
Well, there is a candidate for president hitting the campaign trail now who is well-versed in all these “pools of innovation.”
She’s largely running under the radar of the mainstream media and the U.S. political establishment right now – so you may not know about this candidacy yet.
But you should.
I’m not endorsing her (yet), but today I want to tell you all about her.
In our twice-weekly conversations, I’ve made several big calls about the direction of the market.
For instance, in October 2013 I was among the first tech analysts to predict Apple Inc. (Nasdaq: AAPL) would hit $1,000 a share, or a split-adjusted price of $142.85. With more than a year left on my Labor Day 2016 deadline, it’s just 11% shy of that.