History has just been made out in the depths of space.
I’m talking about an event that could be recorded right alongside Neil Armstrong walking on the moon for the first time.
And it’s massively boosting the strength of an investment thesis that I had previously laid out on January 8.
Of course, I’m talking about the unmanned drone helicopter flight that NASA recently piloted on Mars.
This put the company behind it, the leader in drone technology, at center stage in the space industry, valued at $350 billion.
It’s rare for me to come back and re-recommend a market-crushing tech play in just a few weeks’ time. But, an event like this is big enough to make it worth it.
And it comes on the heels of a dramatic improvement in earnings that should help the stock beat the broad market by more than 70%.
With all of these advantages, this is an investment thesis that’s still getting better all the time…
Wall Street sure is in love with Richard Branson and his pioneering space tourism firm.
And who could blame them? I can, for one.
Branson’s company looks good on paper, of course.
After all, by all accounts, Branson is charming, charismatic, and intelligent. He’s a renowned adventurer and successfully founded Virgin Atlantic, a respected airline
And when his space tourism company, Virgin Galactic Holdings Inc. (SPCE), went public in October 2019, it caused quite a stir as an early mover in a groundbreaking new industry estimated to be worth $20 billion by 2030.
But Wall Street has been silent on one key metric. SPCE has been a poor performer in a generally strong market.
Indeed, since hitting a peak on February 11, the stock is off roughly 62% while the S&P 500 gained a respectable 7.6%.
With that in mind, today I want to recommend that you not invest in SPCE.
Instead, I have identified a storied space leader that recently tripled the overall market’s return as it turned in a stellar earnings report last week.
Let me show you why it can deliver where Richard Branson can’t…
We’ve written about fintech here a lot at Strategic Tech Investor and there is a good reason why; it has made financial transactions easier than ever before and stodgy old banks that have made little changes to their process over the years make easy targets. When I also hear Jamie Dimon, CEO of JPMorgan Chase calling fintech an “enormous competitive” threat to banks, I get pretty excited.