On June 20, 2020 this pioneer in aesthetic medicine was still flying under Wall Street’s radar.
And that’s just fine with us. As savvy tech investors we know all too well that by beating the so-called “pros” to the punch, we set ourselves up to really crush the market.
Since then, the S&P 500 has risen 39.8% in a historic run, which is nice and all, but the firm I recommended last June smoked those returns by a stunning 560.8%.
As a major disruptor in the plastic surgery market, this firm’s stock is way ahead of my forecast and has actually gained 263% for a nearly four-fold increase in 13 months.
Even with this much growth, I see plenty of upside ahead.
I can say from personal experience that home health care for seniors and hospice services are a godsend to millions.
And not just because there’s a lot of money up for grabs. More on that in a moment.
Here’s the thing. I recently mentioned that my father passed away after a battle with congestive heart failure.
We were fortunate to be able to find a crackerjack health team to work with him in his Virginia home. In fact, they were with him when he passed away on May 27.
So, I know first-hand that these services can bring big emotional payoffs.
More than just an essential service, home healthcare is also a very lucrative field that continues to grow alongside a national trend.
Analysts say the home health care market to be worth $225 billion by 2024.
After all the trouble that Covid caused for the med-tech sector, one innovative leader is on its way to coming back better than ever. Nothing proves that better than their recent beat-and-raise quarter.
For the March quarter, the firm earned $3.52 per share, up 31% and crushing forecasts. Analysts had expected per-share profits of $2.64, or 25 less than the actual results.
With the Covid recovery underway, the company raised guidance for the full year. It now expects growth in robotic procedures of as much as 26% for all of 2021, compared with Wall Street’s 18% forecast.
This medtech firm specializes in sophisticated gear for robotic surgeries, during Covid, a huge amount of the $1.1 trillion US healthcare market was focused on treating coronavirus cases.
That meant that elective surgeries for the fiscal year ended in March were pretty much out the window, and the companies that target them fell out of favor.
But now, all of that is in the rearview mirror.
Instead, this company just reminded tech investors of the great value proposition here by easily beating Wall Street forecasts.
With that news as a spark, the stock jumped 9.9% in a single session on May 21. It’s now back in a nice uptrend.
Coming up next month, we’re about to have a golden opportunity to see a key aspect of my investing philosophy in action.
Just because Wall Street might panic after catching a scrap of bad news doesn’t change the fundamental outlook of an investment.
There’s no better time to keep than in mind than right now, with a firm I’ve been keeping my eye on about to report earnings.
That report is giving us a chance to repeat a big win that I called back on July 26 of 2019, when I brought you a medtech leader that I still believed in, even when their stock had just gotten throttled.
Bear in mind, I made that call the day after the company lost more than 25% of its value in a single session. I still believed in them then, and I was right. Since then, they’ve offered a potential 191% return.
Over the years, I’ve found that out-of-favor tech stocks can present huge buying opportunities because, after 37 years of experience in Silicon Valley, I know the lay of the land
On August 25, 2020, I said that there was a fire sale you as a savvy tech investor could take advantage of with Teledoc Health Inc. (TDOC).
Wall Street analysts were worried about Teledoc buying Livongo Health Inc. (LVGO) and the $18.5 billion price tag. But I know this was a big move that would add to TDOC’s lead in the shift to telemedicine.
Livongo makes devices that allow healthcare providers to remotely monitor health metrics such as blood pressure, blood sugar, weight, even behavioral health. Together they allow physicians and nurses to speak to patients remotely while having the most up-to-date information on their health.
I made it clear back then that I expected Teledoc Health Inc. (TDOC) to bounce back and beat the market.
From the day shares hit a bottom on November 10 to its recent high on February 19, TDOC zoomed some 69.6%.
Over that period, it crushed the S&P 500 by a stunning 640%.
Now, history is repeating itself, and this massive profit opportunity is coming back around. The stock is grossly oversold once again, and I see a similar setup in the making as the firm disrupts the $1.3 trillion medical market.
Here’s the thing.
According to a survey from The Harris Poll, 65% of consumers surveyed plan to use telehealth services more often after the pandemic, putting paid to Wall Street’s ridiculous notion that we’re just itching to go back to the doctor’s office.
When Wall Street overreacts and goes right, you can make a fortune by avoiding the noise and going in the opposite direction.
In the latest edition of wild overreactions, Cathie Wood, the top-notch ETF manager of Ark Investment Management, received some flak from The Wall Street Journal.
I’ll have more on that in just a bit and why it is totally off the mark.
But make no mistake. Wood has an uncanny eye for finding breakout stocks with a market-beating track record to prove it.
One particular feather in Wood’s cap is an ETF that she runs focusing on the cutting-edge field of genomics, a tech that basically didn’t exist just a decade ago.
Without genomics, we wouldn’t have been able to understand the structure of the coronavirus. Not only that, but the first two vaccines approved both relied on a hot new segment of genomics.
And this is an industry that is projected to multiply from $18.85 billion in 2019 to $82.60 billion in 2027, according to Fortune Business Insights. That’s more than 300% growth in less than a decade.
I’ll give you more details in a moment. But first, I want to point out the sizzling returns that Wood has amassed.
Over roughly the past year, Wood’s fund beat the market by a stunning 471%.
If you want to make big money in e-commerce there’s an unusual data point you need to know about.
I say it’s “unusual” because most investors wouldn’t make the connection between online sales and research and the price of lumber.
But we’re not most investors. We know that by drilling below the surface to find things that elude others we can crush the market with great tech leaders.
Lumber futures recently soared 49% in roughly three weeks. Closing at $992.40 per thousand feet, the price of lumber set a new record.
The reason: we’re in the midst of a major building and remodeling boom in the nation’s $1.9 trillion market for home sales brought on by the coronavirus lockdowns.
Simply stated, millions of homeowners are looking to relocate now that they can work from home.
Today, I want to show you a very savvy e-commerce company that is a pure play on home sales.
Right now, the market can be a scary place, as choppy as it is. Just look at what happened earlier this week. Since February 24, the broader market is down by more than 2.5%.
The thing is, I’m here to tell you that these movements might seem troubling, the overall trend still holds true, the road to wealth is still paved with tech.
If you zoom out and have a look at the past year overall, the broader market is up by almost 30%.
And that’s in spite of the hit that the market took last march when the beginnings of the coronavirus pandemic caused sharp selloffs.
Because regardless of the turns the market might take because of any one day’s headlines, the point remains, that the innovation of the high-tech sector making new things possible is what adds wealth to the economy.
The tech sector will continue to be the economy’s wealth engine even if the market is choppy for a while,
Last month’s virtual Consumer Electronics Show (CES) featured all sorts of cutting-edge gadgets, but this year’s award for consumer high-tech innovation ended up going to a company that makes tractors.
It’s no joke. Looking at what they’ve brought to the table, it couldn’t be clearer that they deserve it. What they’ve created perfectly symbolizes the marriage of hardware, robotics, and software in the digital age.
More than that, it’s proof that the modern high-tech sector can transform and revolutionize any aspect of today’s economy, even something like agriculture, that’s almost literally “as old as dirt.”
After all, a field known as “precision agriculture” is making modern farming a very sophisticated and tech-driven enterprise.
This is a company pushing the boundaries of a sector worth $6 billion and growing at 15% a year.
Even better, it’s beating the broad market by more than 140%.
