Earnings to Watch
Netflix Inc. (NFLX) and Amazon.com Inc. (AMZN) fell out of bed after their underwhelming earnings reports last week, but this week should be better – particularly for some of the pharmaceutical companies Michael has mentioned as buys recently – Pfizer Inc. (PFE), Bristol Myers Squibb Co. (BMY), and AbbVie Inc. (ABBV) announce, of course, and elsewhere we’re waiting for AMD Inc. (AMD) and Block Inc. (SQ) will report their earnings later this week. Keep your eyes peeled…
Strategic Tech Updates
Investors Overreacted to Musk’s Twitter Deal
After weeks of speculation, Elon Musk was given the go-ahead to buy Twitter Inc. (TWTR) for $54.20 per share, or $44 billion. We’ll save the speculation there for another time, but Tesla Inc. (TSLA) shareholders clearly had a negative reaction. Maybe they think Musk will take his eyes off the EV “ball.” That may be the case, but we actually think this EV play makes more sense right now.
Artificial Intelligence Is Putting on a Friendly Face
Thanks to Hollywood hits like The Terminator, and The Matrix, AI gets a bad rap in the popular culture. But millions of people – make that “satisfied users” – interface with this warm, fuzzy AI every day. In fact, this bot makes people better, more effective communicators all over the English-speaking world. One startup we like here, Grammarly Inc. is worth $13 billion – one of the Top 10 most valuable startups in the market right now. There are other, even more impressive applications for this $22 trillion tech, too. Take a look.
John Deere Thwarts the Bad Guys from Afar
A small but incredible story hit the wires today. Agri-tech equipment giant John Deere & Co. (DE) is famous for its “smart,” networked line of tractors, combine harvesters, planters, and other farm gear. Its Operations Center discovered $5 million worth of equipment was stolen from the Deere dealership in Russian-occupied Melitopol, Ukraine. The stolen farming equipment resurfaced hundreds of miles away, in the Russian republic of Chechnya; it had been looted by Russian invaders and illegally exported. So, John Deere remotely “bricked” the stolen loot, making it utterly useless to the thieves. From networked homes to self-driving vehicles to, shall we say, “remotely administered justice,” the “Internet of Things” is only growing…
Cheers and good investing,
The Strategic Technology Investor Team