Last Friday, I mentioned that they posted an impressive five-year gain of 2,254%, but there’s still plenty of upside ahead, and now is still a great time to claim a stake in the gains still to come.
Back on June 17, the stock did a 10-to-1 stock split. That brought the share price down below $100 a share, opening up investment to a new class of younger, more price-sensitive investors.
We have good empirical data to show this should result in another bull run for the market. Both Tesla Inc. (TSLA) and Apple Inc. (AAPL) both posted big wins for investors after splitting their stocks.
That’s why one of the reasons why I’m predicting two more doubles for TTD in the next three years…
Over the last two years, companies have kicked the process of moving information onto the cloud into high gear.
It’s a procedure that they consider absolutely vital for staying up to date and competitive, and we can find the proof in a metric that might seem easy to overlook: how much they’re willing to pay the employees in charge of the process.
A recent survey by the executive recruiting firm Robert Half shows that salaries for chief information officers (CIOs), who are often in charge of digital transformations, will rise to an average of $260,250 next year.
This news also comes on the heels of a report by Gartner that global enterprise IT spending is expected to hit $4.2 trillion by the end of the year. That’s up 8.6% from 2020.
And I’ve identified a leader in the field that just nearly doubled its quarterly earnings, a metric which share price often follows.
Let me show you why I still see so much upside ahead…
For anyone that follows Tesla, every time they hold an event, they know the world is watching. Last week’s AI Day was no different. They didn’t introduce a new car or even announce updates to its current line, but that didn’t matter. Instead, they announced to the world, they are much more than an electric car company.
A Special Note from Michael: Listen, I’m about to speak you about housing. A huge hot button right now. But investing on the right side of hot button topics is the best way to make money in the market. That’s exactly what I cover in a recent presentation you can get to right here.
“Sell Me a Home, Please”
My daughters Jordan and Kendall literally could not have picked a worse time to look for an apartment. Turns out the massive boom in home prices amid a housing shortage is filtering down to rentals.
It’s one thing to read about the nation’s historically hot housing market. It’s a completely different matter to actually be trying to find a place to live in this crazy market. My daughters’ apartment hunting became a deadlock as one apartment after another got snapped up in as little as two hours.
Many prospective first-time homeowners are getting priced out of the market. Even when they have the finances, there’s just no supply. For Montana resident Sean Hawksford, a young man with a successful construction business and a pregnant wife took to the streets with cardboard signs that read “PLEASE SELL ME A HOME.”
With all this, you can see why real-estate agents are turning to AI for help.
The S&P CoreLogic Case-Shiller National Home Price Index released Tuesday rose a stunning 16.6%. It’s the highest annual rate of home price growth since the index began in 1987.
Even the most seasoned real-estate pros across our $34 trillion housing market are at their wits end. Meanwhile, the smart ones are doing what I would do-they’re tapping AI as a tech tool.
Today, I have a double play. Two stocks that cover both sides of the housing market: real estate and property insurance.
On April 25, 2014, I introduced you to Cortana, a voice-based, AI-powered digital assistant from Microsoft Corp. (MSFT).
I wanted you to see the trend that was forming with AI voice assistants, I’ve recommended MSFT several times as a great long-term report.
A conversation we had nearly seven years ago to the day turned out to be very prescient.
My advice that day would have made you 244.6%, doubling the S&P 500 over the period.
Mind you, I have recommended Microsoft several times as a great long-term tech and continue to do so.
But in our chat that day, I told you that if you really wanted to cash in on the bright future for voice-recognition technology, you should invest in Nuance Communications Inc. (NUAN).
Fast forward to today, and it turns out Microsoft finally saw what I saw. Mr. Softee (a nickname given to the tech giant way back when) recently announced it was buying Nuance for $16 billion.
The move gives Microsoft a huge leap into voice-based medical tech in a market growing 20% annually.
From shaving, making coffee or cutting up fruit for breakfast, listening to music on our soundbar, and sitting in a chair for work consumer products are woven into our everyday lives.
Each of them had to be bought and many after extensive research. Why wouldn’t you want the best coffee machine out there to start your day?
But these days, the growth of e-commerce has created a major problem for me. Every time I go on Amazon to buy something new for my home, the selection is overwhelming. I don’t have time to read every review and see all the flaws before I make a purchase.
Sure, you could just buy the first product that comes up, but based on how you search, it may not even be the product you are looking for. I am often led down a rabbit hole of reading reviews and trying to find out if I’ve found the best product for what I need.
That is where Mohawk Group Holdings Inc. (NASDAQ: MWK) comes in. You have heard of smartphones, now we have smart commerce. Mohawk, an under the radar consumer product company is using an artificial intelligence (AI) platform to identify product categories where there is no clear leader.
They improve the product by addressing user issues in negative reviews and automate marketing and logistics to become the leading seller within the category.
Welcome to the latest episode of the Digitization-X (DX) podcast, where host Alex Kagin gives you a front row seat to the newest and most exciting companies and themes in tech investing.
Two industry giants wanted to hog the headlines this week as Amazon shelled out $1.2 billion for autonomous vehicle startup Zook, and Microsoft announced immediate closures of all its consumer stores.
I want to return to a conversation we had almost a year ago to the day.
See, back on May 24, 2019, I warned you to stay clear of Wall Street’s hype machine regarding a major tech merger.
At the time, I suggested you stay clear of investing in Hewlett Packard Enterprise Co. (HPE) even though it was joining forces with a storied supercomputing firm, Cray Inc.
Don’t get me wrong. I thought the buyout made a lot of sense for HPE since Cray is a computing legend with a long history of historic breakthroughs.
But I didn’t see a lot of upside ahead for the stock even though Cray had just nailed a $500 million U.S. government contract.
So, I’m happy to report that the “hidden” play on the merger that I suggested instead has become one of the top performers in the Covid-19 panic.
A recent advance that largely flew under Wall Street’s radar says a lot about why artificial intelligence (AI) is set to have a $15.7 trillion impact on the global economy.
Known as “neuromorphic computing,” the cutting-edge method gets closer to simulating the way human brains work.
The system could redefine high-performance computing because it operates at lightning speeds and barely sips energy.
Right now, fast and robust graphics processors are the main power behind AI.
That’s set to change because the new chips work especially well for AI-powered neural networks used in speech and pattern recognition, and computer vision.
In fact, Gartner says neuromorphic chips upon which the platform is based, are set to have a huge impact. They could become the predominant computing for AI by 2025.
