I always say that the road to wealth is paved with tech, and right now, that road is leading straight towards the cloud.
That’s because none other than Nasdaq Inc. (NDAQ), the tech-centric market itself is planning to move all of its market hosting, for all 28 of its markets, to the cloud, as reported by The Wall Street Journal.
It might just be the most poetic example of my investing style that I’ve ever come up with.
And as we’ve seen from the COVID shutdowns, the $350 billion cloud computing sector is central to the modern digital economy. In order to succeed, a company simply must be connected to the cloud throughout almost all of its operations.
With that in mind, it’s no wonder that Technavio predicts that the cloud computing sector will grow by $190.32 billion during the 2019-2023 period. At that rate, it would be set to double in less than a decade.
Accounting has been falling behind the times, but that’s all about to change.
Thompson Reuters surveyed over 300 practicing accountants about how they predict that their field will be changing by 2028. The results were overwhelmingly high-tech.
95% of everyone surveyed believed that their role is likely to change because of technology such as cloud-based tools, with 74% of that being those who believe these changes are “very likely.”
Over 70% of these accounting experts believed that bookkeeping and data collection will be automated in 2028.
And these respondents specifically believe that digital cloud technology will be the most vital area of new technology for them to understand.
You can read the first part of that series here and the second part right here.
At the time, I noted there were roughly a dozen or so companies involved racing to find a way to stop the deadly disease.
And while that sounded like a lot of scientific effort at the time, it turns out my analysis was too conservative.
We now have well over 100 research teams around the world scrambling for a vaccine or a drug that treats the disease.
Of those, at least two dozen hail from biotech or drug firms, many of them publicly traded.
I don’t know about you but I would love to get in on all that action with a great tech-centric firm that has superior earnings and price appreciation ahead.
If you just looked at it from a strictly financial standpoint, you’d conclude that landlords have little reason to improve loyalty with their tenants.
After all, rents for homes and apartments actually increased by 2.8% in this year’s first quarter as occupancy rates rose to 95.5%.
Here’s the thing. The first few months of this year were basically a disaster, but savvy landlords know that things can turn at any moment. The fact is, we may see a softening in the months ahead.
In other words, this is the time for landlords to get proactive.
And that’s just where Modern Message comes into play. This is a sleek online and mobile app that landlords use to build customer loyalty.
It already serves an amazing 1.8 million residents in more than 5,000 communities in all but one U.S. state.
If you want to make a lot of money as a tech investor, there’s a new Silicon Valley acronym you absolutely need to know about.
And I can understand what you may be thinking. There are already too many buzzwords in the tech world. Why learn a new one?
That’s a fair point. But this term helped send shares of a cloud-centric growth firm up 29%. No, not in a year or even a quarter – in a single session.
Don’t worry if you never heard of the term ZPA. It’s been considered a fairly obscure part of the tech economy – until now.
But the firm that pioneered this lucrative niche is charting traffic growth that is just off the charts, rising 1,000% in a single quarter.
As I said at the time, I think this is one of the better plays on the $160 billion cloud computing sector.
Please don’t worry. I’m not here today to repeat the same recommendation.
But I would be remiss if I didn’t tell you that savvy tech investors need to look at the flip side of the Microsoft coin.
And it has something to do with one of my dad’s old sayings. See, he was frustrated with me because I was a bit of a troublemaker in high school and ran with a rough crowd.
“Michael,” he used to say, “always remember that people judge you by the company you keep.”
That’s why when I scan for market-crushing tech leaders, I always keep an eye out for those that have strong alliances.
When we spoke on Tuesday, I noted that one of the 10 tools for coping with the new bear market is to put together a watchlist of great tech stocks you’d like to buy.
The idea here is to get set up for when the market turns our way again. At this point, I have no doubt that the market will rebound as it always has in the past.
But by definition, this choppy, news-driven market greatly increases the risk of getting in too early. To avoid doing just that, I recommend looking for tech leaders that you would like to own for the long haul.
That means giving each one a thorough checkup to make sure that prior to the correction, they had a great track record of earnings gains.
Tuesday was a very big day for the Democrats with Super Tuesday putting hundreds of delegates up for grabs.
That makes this an ideal time for a fiscal conservative like me to make a very important point.
If presidential candidate Bernie Sanders bounces back from his second-place finish and is elected in November, rich tech leaders like cloud pioneer Mark Benioff won’t be able to help save the lives of kids.
Here’s the thing. Sanders has been an outspoken opponent of wealth for many years. And if elected, he pledges to slap the wealthy with punitive taxes.
I believe that Sanders and his supporters are flunking the cosmic IQ test. Simply stated, without rich people, America would lose a huge chunk of funding for the arts as well as scientific and medical research.
With that in mind, today I am going to reveal five reasons why Benioff’s high-octane firm, Salesforce.com Inc. (CRM), is a great investment.
If you are just not discovering the earning potential of Amazon.com Inc. (AMZN), than you have a lot of reason to be excited..
And I say that because I am still seeing a huge amount of upside ahead.
Let’s start with item number 1. When we spoke on January 24, I noted that much of Wall Street was cool to the stock for years.
But I have a more current example of a high profile stock “guru” who missed the boat completely. And not that long ago.
When AMZN crossed the $1,000 mark on May 31, 2017, Jim Cramer, went on TV to bash the stock. The host of CNBC’s Mad Money said “psychologically” $1,000 is a lot to pay for a stock he felt was getting ahead of itself.
The stock has more than doubled since then, reaching a closing high of $2,021.
Please don’t think I’m taking delight in watching folks lose money. Well unless it’s those “geniuses” on Wall Street. Just saying…
Here’s the simple truth. If folks don’t listen to me, I can’t help them.
I have said for many years now that the average retail investor should avoid buying high-tech initial public offerings (IPOs) when they first start trading. When you buy at the open, you really risk losing your hard earned money.
It’s much better to wait a little more than six months from the open. That’s when insiders can sell, an event that usually means a big drop in price.
Had you followed that advice with a savvy cloud provider I’ve recommended, you could have made 863% in just a tad more than five years.
But if you bought at the open, you risked losing more than half your capital.
