If you’ve followed along with me for any length of time, then you know I’m not afraid to make bold calls.
And not to toot my own horn – well maybe just a tad – they are very often on the money.
Back in 2013, I was the first analyst to predict that Apple Inc. (Nasdaq:AAPL) would hit $1,000 on a split adjusted basis.
And in the summer of 2014, I forecast that Microsoft Corp. (Nasdaq:MSFT) would become a great company under then new-CEO Satya Nadella.
Both those predictions were dead accurate.
Today, I want to remind you of a call I made more recently.
Last Dec. 14, I told you in no uncertain terms that the blockchain technology underlying crypto currencies would become an unstoppable global force.
Right on schedule, I have a new proof point. It’s a global giant that is using blockchain tech to disrupt a $5.4 billion segment of the aerospace sector.
This is a firm that’s beating the market by more than 30%. And it’s got a whole lot of upside ahead…
Check it out…
When we spoke back on Jan 8, I told you to avoid investing in Tesla Inc. (Nasdaq:TSLA) at all costs.
At the time, I was concerned that Wall Street’s hype machine would try to convince investors of a turnaround ahead at the electric-car leader.
You may recall that the market had just turned the corner and was heading into a nice rebound.
That’s exactly the kind of environment those sharpies on the Street like to see when they try to sell you stocks that are dogs.
Make no mistake. Tesla has been nothing short of a disastrous stock this year – skidding by more than 43% as I write this note to you.
By contrast, the S&P 500 is up nearly 12% even after recent decline on fears of a growing trade dispute with China. The tech-centric Nasdaq is up by 14.6% over the period.
No, I’m not predicting that Tesla will go under. But today I want to show you why this is still one of my top stocks to avoid…
Check it out…
The U.S. House of Representative’s Judiciary committee has begun an antitrust investigation of the tech industry, with the backing of members of both major political parties. Appearing among a panel discussion on Fox Business’s Cavuto: Coast to Coast today, Michael explains why he doesn’t think much will come out of Congress’s moves. He also highlights how some of tech’s leading lights, like Amazon.com Inc. (Nasdaq:AMZN), are actually enhancing competition in the marketplace… Click here to watch.
It’s time for me to update the mantra I have used here for many years.
No, I haven’t backed off my belief that the road to wealth is paved with tech.
Just the opposite in fact. What’s really going on these days is that the road to wealth is becoming a super highway.
Let me explain. As I have noted many times in our twice-weekly chats, U.S. tech firms generate enormous amounts of cash.
That’s one of the reasons why the top four American tech firms have combined market caps of $3.6 trillion, or roughly the size of Canada’s and Brazil’s economies combined.
Indeed, their profit margins are so huge they simply can’t invest it all in the next round of innovation.
And it explains why tech firms are the leaders in the one of market’s more important new dynamics – share buybacks.
Don’t underestimate the importance of this red-hot new trend. Just in the first quarter, we’re talking at least $126 billion of tech share purchases.
Today, I’m going to reveal a great way to play this trend. And it’s with an investment that has beaten the broad market by 161%…
Check it out…