Last week the Federal Reserve unveiled its anticipated plan to begin tapering its monthly bond purchases and indicated it would remain patient about raising interest rates. Typically, when we hear about rising rates, it has a negative impact on high-growth tech. We didn’t see that this time around and the Nasdaq even rose 162 points that day. That is good news for us with more tech earnings on deck. We have Fintech leader PayPal Holdings Inc. (PYPL), digital ad giant The Trade Desk Inc. (TTD), crypto provider Coinbase Global Inc. (COIN), and many others.
Archive for November, 2021
For savvy tech investors looking to ride the boom in cyber security brought on by the pandemic, it’ll pay off big to be a little bit “sassy.”
Please don’t think I’m being flip here. See, that’s how you pronounce an important new platform in the field.
It’s known as Secure Access Service Edge (SASE). And it’s exactly the kind of cybersecurity innovation that we need right now.
Consider that none other than the FBI says instances of cybercrime climbed some 300% last year. Citing the dramatic shift of employees working from home Computer Weekly said in a recent report that ransomware hacks had grown some 90% so far this year.
Clearly this is a target rich environment for a sector that Fortune Business Insights says was worth more than 153 billion.
We are full into what I call the Digital Renaissance.
We looked at one aspect of it back on October 8, when I recommended a tech leader that offers us a great play on the boom in entrepreneurship.
I mentioned that last year, we had 4.4 million new firms created largely as a result of all the shutdowns. And of course, it was all possible thanks to a huge selection of new tech tools.
Today, I want to talk to you about the flip side of that coin.
Digital tools haven’t just been helping businesses get started. They’ve also been a boon to independent creators – like artists, bloggers, musicians, social influencers, writers, even teachers, and financial advisors posting their works online.
Make no mistake. This is a massive trend. Experts say some 50 million individuals are involved in the field that could have a value of $23.52 billion by the end of 2025, according to a report from Million Insights.
Let me show you a key player in it all that will continue to outperform the market for years….
We are still in peak earnings season and if last week told us anything, it’s that big tech is here to stay as companies like Alphabet Inc. (GOOGL) nearly double their profit and Microsoft Corp. (MSFT) growing revenue 22% to over $45B. Given this strength out of the gate, we are watching companies like Roku Inc. (ROKU), Square Inc. (SQ), and many others that have benefited from the digital shift.