What’s Happening This Week
It’s finally time for Thanksgiving and that means a short trading week, turkey, and Black Friday. We are going to see some of the biggest shopping days of the year, and we will be watching to see if people are buying in-store or keeping their shopping to the internet. Big deals online will surely help some of our favorite e-commerce stocks like Shopify Inc. (SHOP).
Nvidia Continues to Impress
Nvidia Corp. (NVDA) reported earnings last week with a beat on both EPS and revenue and closed up almost 10% the following day. One of its highest-earning divisions, the data center arm, was up a staggering 124% year over year. This company has so much going for it and will likely be an entrant into the trillion-dollar club. Nvidia also has an exciting self-driving business, which we wrote about last month.
EV Trade Continues to be hot
Newly IPO’ed Rivian Automotive Inc. (RIVN) and Lucid Group Inc. (LCID) have really shined light on how many people are interested in Electric Vehicles. Lucid is getting close to all-time highs again, and Rivian came out of the gate swinging with a big IPO. That is all the more reason why it makes sense to play the semiconductors in every one of these cars.
Crypto Markets Continue to Perform
Crypto markets have been hot this year and while not every coin is doing well, the major cryptocurrencies like Bitcoin and Ethereum have crushed the stock market performance. While Bitcoin is currently off its all-time highs, it definitely makes sense to have some exposure to it. Take a listen to this 3-minute video by Alternative Wealth Daily Nick Black on how to fit it into your portfolio.
What We Are Watching
Bitcoin has famously gone up 7.3 million percent since 2010. It turned ordinary people into millionaires – even billionaires. Can history repeat itself? According to this crypto millionaire, it’s about to repeat itself – over and over and over again. Full story here.
Cheers and good investing,
The Strategic Technology Investor Team