Wall Street sure is in love with Richard Branson and his pioneering space tourism firm.
And who could blame them? I can, for one.
Branson’s company looks good on paper, of course.
After all, by all accounts, Branson is charming, charismatic, and intelligent. He’s a renowned adventurer and successfully founded Virgin Atlantic, a respected airline
And when his space tourism company, Virgin Galactic Holdings Inc. (SPCE), went public in October 2019, it caused quite a stir as an early mover in a groundbreaking new industry estimated to be worth $20 billion by 2030.
But Wall Street has been silent on one key metric. SPCE has been a poor performer in a generally strong market.
Indeed, since hitting a peak on February 11, the stock is off roughly 62% while the S&P 500 gained a respectable 7.6%.
With that in mind, today I want to recommend that you not invest in SPCE.
Instead, I have identified a storied space leader that recently tripled the overall market’s return as it turned in a stellar earnings report last week.
If you just looked at the headlines, you’d think this is the absolute worst time to invest in anything related to nuclear power.
After all, Big Media has been giving us a steady diet of stories about the benefit to the planet found in green energy.
Don’t get me wrong. I have recommended solar and related stocks in the past. The issue confronting us is that right now we don’t have nearly enough large, industrial-grade storage systems for wind or solar power.
Which brings me back around to a company that is set to double its stock, not by avoiding nuclear power, but by gladly embracing it.
That’s a good thing because right now as we speak roughly 55 nuclear power plants are being built around the world. And just the equipment part of the sector is worth $67.2 billion.
The Pentagon just unveiled a new platform it calls Pathfinder.
No, it’s not a new robotic weapons system… or a new high-tech tank… or even an innovative mapping system.
Instead, this is a program that addresses the Pentagon as a huge bureaucracy, instead of as a fighting force.
Pathfinder is a new program to migrate tons of data, some of it quite sensitive, to the cloud. And the U.S. Department of Defense is contracting with cloud leader Amazon Web Services in a deal that could eventually be worth billions to make it happen.
As you might imagine in this era of cyberattacks, not everyone in Washington is on board with the massive data migration.
They worry that the Pentagon is exposing itself to hackers who may come from China, North Korea, or Russia. After all, black-hat teams tied to those three nations attempt to penetrate our military networks on an almost hourly basis.
Here’s the thing. There’s a relatively new approach out there that offers far more security, not to mention a permanent record of every single transaction involving a military budget totaling more than $750 billion.
It’s a system I call the Milblock.
In a moment, I’ll explain just what I’m talking about.