Email

First Read with Strategic Tech Investor

0 | By Strategic Tech Investor Staff

What’s Happening This Week

Major tech earnings continue for another week and this time we have two companies that could tell us a lot about where tech is headed. First up is Nvidia Corp. (NVDA) on Wednesday, which is already up over 100% this year and then Applied Materials Inc. (AMAT) on Thursday, which could give us more insight into semiconductor supply issues. Given we are still in a shortage, Applied Materials could see a boost in orders. As the manufacturer of equipment to make semiconductors, this one could surprise us to the upside.


Strategic Updates

The Amazon of Latin America Could Continue to Run After Earnings

MercadoLibre Inc. (MELI) recently reported earnings, and simply put they are showing no signs of slowing down as the pandemic eases. They reported $1.9 billion in revenue, an increase of 66% from a year earlier. Not only is MercadoLibre a leading e-commerce player in Latin America, but they also operate in the hot fintech space. Click here to see why we are bullish on the company.

Connected TV continues to be hotter than ever

It has been a while since we talked about connected TV with one of our favorite AdTech players, but it’s going stronger than ever. The business continues to be its fastest-growing channel and with customer retention of 95% across the previous seven years, this is a founder-led company to stick with. All of this helped them shoot up roughly 40% after a strong beat on earnings.

Metaverse Roundup

News around the metaverse has been everywhere in the last few weeks and it is no surprise as this burgeoning market is expected to be worth $800 billion in 2024. Whether it is cryptocurrency or stocks, everyone wants to get in and Shah Gilani of Total Wealth is out with a short video with one of his top picks for the space.

What We Are Watching

We’re watching cryptocurrency, and what we’re seeing is nothing short of amazing. The sector leader, Bitcoin, hit a new all-time high of $68,990.90 just last week, and that’s just for starters. What we’ve seen from lesser-known and more specific coins is even more impressive. Within the 30 days of October of this year, a coin called “Empire Token” saw gains of over 5,000% while another, called “Bitrise Token” gained by over 2,600%. There are two more tokens that will soon face catalysts that could cause gains of fifty or one-hundred times over the next year, but more on that right here.

Cheers and good investing,

The Strategic Technology Investor Team

Leave a Reply

Your email address will not be published. Required fields are marked *