Sector Watch: Fintech
Technology has had a huge impact on trading and investing – and not just because of tech stocks. I’m talking about the massive improvements to investing itself, computerized exchanges, mobile trading platforms, crypto, and instant reaction. My friend Tom Gentile’s volatility profiting “brute-force” algorithm, for instance, can narrow down the top 1% of trades – the ones with the most explosive profit potential. He’s going to demonstrate how this tech works and how regular investors could use it tomorrow, April 5, at 2 PM EDT. You can click here to save your seat for this incredible online demonstration
Tom Gentile’s volatility profiting trading system was just voted 2022’s honorable mention by readers of Technical Analysis of STOCKS & COMMODITIES for its ability to detect volatility surges before they happen, then narrow down the top 1% of trades with the most explosive potential. He’ll be demonstrating exactly how you can tap into its power on Tuesday, April 5, at 2 p.m. (ET). Claim your seat right here.
Earnings to Watch This Week
The first quarter of 2022 is on the books, and that means one thing: upcoming earnings. The one Michael is really looking for right now is Broadcom Inc. (AVGO) – a stock he’s mentioned several times recently as a solid chip play. This is a good time to establish or build on a position; the stock is down around 5.8% year-to-date, but has moved up a little less than 10% for the past month. A good report this week could kick gains into gear.
Strategic Tech Updates
The Semiconductor Demand Situation…
…is complicated, to be sure. Taiwan Semiconductor Mfg. Co. (TSM) made waves this week when it announced it sees slackening demand for PCs and smartphones and, by extension, its chips. But elsewhere in the sector, analysts point to healthy demand for other makes of smartphones, like the iPhone. What’s more, U.S. and global automakers are still not able to satisfy their production needs for chips. Our outlook is still bullish, and here’s why…
Two of Our Favorite Biotechs Recently Jumped in Price
BioNTech SE ADR (BNTX) has been on an impressive, 19.2% run during in March. The company beat its earnings estimate of $8.16 per share and came in at $13.55 per share. The company plans to offer a special dividend of $2.23 per share. BioNTech’s COVID vaccine partner, Pfizer Inc. (PFE), reported soaring profitability, and its own stock is up better than 12% over the past four weeks. Of course, we saw this coming over the winter, when we started recommending several good biotech plays to diversify your portfolio.
Hackers Stole More Than $600 Million in Cryptocurrencies
Cryptocurrency is completely secure…. But cryptocurrency companies who might not follow best practices certainly aren’t. Axie Infinity uses a play-to-earn system that combines finance and gaming, all powered by NFTs. Hackers were able to infiltrate Ronin, the blockchain which powers the game. They used hacked private keys to forge withdrawals. The criminals took 173,600 Ethereum and 25.5 million in other digital currencies. Developers identified the breach last Tuesday. This makes cyber-defense companies a great play right now.
Cheers and good investing,
The Strategic Technology Investor Team