If there’s one thing Wall Street sure loves to do it’s pat itself on the back, whether they deserve it or not.
Just look at what happened back on November 2. You’d have thought we’ve discovered life on Mars.
Actually, nothing as dramatic as that. But backed by an onslaught of major media coverage the Street took a victory lap because the Dow closed at 36,000 for the first time ever.
What you didn’t hear much about is that the Dow was actually off 2.3% for the third quarter. And the benchmark S&P 500 fared little better, losing 2% over the period.
I’m using the third quarter because so many companies have recently released their earnings reports for that period.
By comparison, several winners in my monthly newsletter, the Nova-X Report, just tore the cover off the ball during that quarter.
Today, I’m going to show you why our three best stocks absolutely annihilated the market and tell you how you can get in on the action…
Third Quarter Winners
Now I know this is going to make me sound like a broken record again, but I need to say it; the road to wealth is paved with tech and you can get to financial freedom much faster if you have a savvy tech expert like me in your corner.
Technically speaking, I can’t actually fairly compare the performance of our biggest winners to either the Dow or S&P. Both of them were in the red, and you can’t compare for a ratio against a negative number.
But if instead of losing money the S&P had actually gained 1%, our biggest winner would have beat the benchmark by a stunning 3,600%.
I am mentioning that not to brag, well maybe just a little, but to give you a sense of how well my Nova-X members have been doing. Take a look at these winners:
Nova-X 3rd Quarter Winner #1: A Leader in Cyber-Defense
Our top market beater for the quarter is focused on a lucrative part of cyber defense – email security. See, hackers often gain access to a computer network when by sending phony emails to employees.
Not long ago, the firm’s security platform scanned 232 million emails that its customer’s security systems had cleared. Among those allegedly “safe” emails, the firm found 26,713 malware attachments.
Plus, there were 53,753 impersonation attacks like the one that proved so costly to Corcoran along with 23,872 other dangerous files. Not to mention 25 million cases of spam.
I still see lots of upside ahead. Over the past three years, the firm has grown earnings by an average of 136%.
Nova-X 3rd Quarter Winner #2: Services for Digital Transformation
This firm embodies a tech trend we’ve been talking a lot about over the years – digital transformation. Among other things, the company helps clients convert legacy data, apps and systems to be optimized for the cloud and mobile devices.
Here’s the thing. The coronavirus pandemic turned physical offices into digital chatrooms practically overnight. So, the urgency to digitally transform all parts of a business has only increased.
It’s a growth field. The market for digital services like these is expected to be worth $154.4 billion by 2022, growing at 19.2% each and every year. And from the base year of 2018 through 2023, there’s going to be a boom of 500 million new logical applications created, giving the firm a target-rich market.
Nova-X 3rd Quarter Winner #3: The Chips For AI
This Silicon Valley chip firm used to be considered more a pure-play on gaming. That’s because the firm makes advanced graphics cards that gamers just love.
But the firm’s tech now is driving much bigger advances. For instance, the firm’s specialized AI chips have allowed for huge strides in what’s called “conversational AI.”
That term covers AI that can communicate naturally and fluidly with humans. The platform’s AI can do all this while reacting within milliseconds, without sacrificing accuracy.
The company also has become a major supplier to the auto industry, particularly for electric vehicles, a market Statista estimates will be worth $37.22 billion in 2023.
On top of all that, the stock has another nice catalyst. Last June, it split 4-for-1 and has gained more than 60% since then with more upside on the way
I’m looking for continued strong gains not just for these three leaders but for the rest of the Nova-X portfolio in the months ahead.
Add it all up and you can see that it really pays to have a savvy tech stock picker in your corner.
So, if you are not already a Nova-X Report subscriber, I hope you will at least consider joining us there in the winner’s circle. You can do that by simply clicking here.
And if you don’t feel a low-cost subscription is right for you at the moment, don’t worry.
We’ll continue to chat here twice a week as I share the tips and tactics you need to use the wealth machine that is high tech to really boost your net worth.
Cheers and good investing,