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.
They’re both on their way to the top of the housing market and they’re using AI to get there…
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.
Let me show you just how far this merger could take Microsoft…
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.
But as you’ll found out in this latest DX episode, there was plenty more to discuss.
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.
Now that the company has completed its own $6.9 billion merger, the stock is set to double from here…
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.
When we spoke last Tuesday, I gave you what I consider to be a never-sell tech investment.
Indeed, Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) is a vehicle you can reliably count on to build wealth over the long haul.
After all, this exchange-traded fund (ETF) gives you access to what I conservatively forecast is $39 trillion in wealth, covering everything from artificial intelligence to the Internet of Things.
That’s the power of owning nearly 1,900 stocks all in one well-managed basket.
But I know from several recent talks with investors that you are looking for solid tactical tools for managing your way through the choppy markets.
I can see why. In just the last four months, the S&P 500 has had two big rallies and two sharp declines.
With that in mind, I’m going to reveal my top three tools for dealing with choppy markets…
My daughter Jordan and her boyfriend just returned from a weekend on the California coast.
They stopped at one of our favorite locations, the Santa Cruz beach boardwalk. We’ve gone there many times to take in the beautiful scenery, sample “cuisine” (like deep-fried Twinkies), and enjoy the rides.
And that means hitting the roller coaster.
I bring that up today because many investors feel that’s exactly where the market is taking them right now.
For many, looking at a chart of the S&P 500 of late gives them a very topsy-turvy feeling – to say the least.
This explains why I get the same question a lot these days. It goes like this: if there was one tech stock you’d never sell, what would it be?
For me, the answer is easy.
The one I have in mind is a great long-term play as well as a terrific place to park your cash – should you get stopped out of one of your favorite stocks amidst the volatility.
With $39 trillion in wealth up for grabs, this one beats the broad market by 65% over the long haul …
These days just about every sane American is in love with Wall Street.
In fact, I haven’t seen the Street get so much positive publicity in many years.
And it’s easy to see why. All three major indexes posted massive gains for the first half of the year, tying decades-old records on the strength of June’s rally.
Consider that the S&P 500 had its best June since 1955 as the Dow logged its best performance since 1938. The tech-centric Nasdaq had its best June since 2000.
So, you might be tempted to think all you had to do was throw a dart at the stock tables to find a winner.
Truth be told, you can do far better – if you have a savvy tech expert carefully hand selecting stocks for you.
Just ask the readers of my Nova-X Report. They had four stocks that gained 100% each through the end of June.
Today, I’m going to show you how we did it, and how you can get in on the sizzling action here…