The sort of number that doesn’t show up on anyone’s radar.
And now yours.
I’m talking about a tech sector whose overall sales grew 3.3% in the third quarter. True, that sounds meaningless – like something you wouldn’t want to invest in.
But I drilled down below the surface, and I found a lot of money to be made from this meager bounce.
Here’s the thing. It’s a small tick on the information technology (IT) services sector’s massive $3.5 trillion base.
When I look closer, I see that most of that growth – billions and billions of dollars of growth – is thanks to global corporations and other huge enterprises moving their IT services to the cloud. Doing that allows them to cut back spending on computer networks and makes it easier to add new services on the fly.
And it gives tech investors a target-rich environment.
So while others ignore the billions of dollars moving around in this often-forgotten part of the tech ecosystem, let’s look what I think will be a hugely profitable way to invest in this massive market.
It’s a company the mainstream financial media virtually ignores.
Maybe Alphabet Inc. (Nasdaq: GOOGL) should have named its new smartphone the “Trojan Horse.”
See, there’s a lot more going on here than the introduction of a new piece of hardware.
Now then, don’t get me wrong. The Pixel 2 is an impressive device.
And on the surface, it seems designed to compete head-on with the iPhone from Apple Inc. (Nasdaq: AAPL). After all, it sports a state-of-the-art organic light-emitting diode (OLED) and comes in standard and plus sizes.
The Pixel 2 debuted two weeks ago along with several other pieces of hardware, including an updated laptop and an artificial intelligence-powered wearable camera. And the global leader in online search got generally great reviews for its new products.
However, I have to say the real star of the show received almost no attention.
It’s the hidden ingredient that is the true driving force behind these moves.
There’s a number that came out this morning that I want you to ignore.
According to Labor Department figures, the number of workers on U.S. payrolls declined last month for the first time since 2010. Payrolls fell 33,000 (this after the experts had estimated they would rise by 80,000).
But like I said, I want you to forget about this – put it out of your mind.
That’s because almost all these drops can be pinned on HurricanesHarveyandIrma – and I can pretty much guarantee that these storms’ effects will be short-lived. In fact, rebuilding should improve hiring at least for the next several months.
And that’s on top of the strong performance we’ve seen lately. The U.S. Commerce Department just confirmed that GDP grew by 3.1% in the second quarter. That’s the strongest showing since early 2015 and well above the roughly 2.4% average of the last several years.
That’s good news for just about all of the companies and investments I tell you about here.
But there’s also a specific way that savvy tech investors like you can profit from our improving economy – and the quick rebound in job growth we’ll see shortly.
This tech company is growing at 40% a year – and will keep making its investors lots of money for years to come.
We’ve followed U.S. Attorney General Jeff Sessions’ go-nowhere “war against cannabis” – and President Donald Trump’s essential “green light” for medical marijuana. And we’ve watched legalization efforts in the United States and Canada.
It was also about a year ago that I first published my “weed investors’ bible” – The Roadmap to Marijuana Millions. At the time, it was packed with 30 of my absolute favorite plays in the still-booming legal cannabis sector.
Since then, weed investing’s only gotten bigger, better, and more profitable.
Over the past year, this section of my Nova-X Report portfolio has seen 10 double-digit winners and eight triple-digit winners… 291% gains… 193.3%… 189.5%.
Cable television, on the other hand, has been surprisingly resilient against the onslaught from streaming video. Despite the rise of the web, pay TV has remained a dominant factor in our daily doses of news and entertainment.
That’s largely because of the lack of live TV offerings, especially news and sports. Just try to imagine life without Fox News or ESPN. Comcast Corp. (Nasdaq: CMCSA) is coming off several years of very strong growth.
When Napoleon ruled France in the early 1800s, California was a wild frontier region – home to just a handful of pioneers.
But last year, California overtook once-mighty France in the rankings of the world’s largest economies, coming in at sixth place.
The International Monetary Fund says California’s GDP is worth roughly $2.5 trillion, buoyed by agriculture, tourism, aerospace, and, of course, Silicon Valley and high tech.
The vast scale of economic opportunity in the Golden State is incredibly important for another big reason. That huge GDP will help serve as a key “trigger” – or catalyst – in the breakout legal cannabis.
Starting Jan. 2, California is all set to make recreational use of marijuana for adults fully legal. Simply stated, we’ve never seen anything this big happen in the legal cannabis industry.
That’s why I’m headed south to Anaheim this week to attend the California Cannabis Business Conference later this week, where some 350 firms will be represented.
To give you the inside edge, I’ve spoken with the group’s leaders.
Today I’ll be share their insights with you.
They foresee a more than $20 billion impact in just the next four years alone.
Since about midyear, every morning I open my email box after eating breakfast and settling down at my desk.
And each and every morning that inbox is filled with “big opportunities.”
No I’m not talking about notes from Nigerian princes or offers to refinance my home. My spam filter catches just about all of those.
These notes come in from washed-up boxers, former beauty queens, aging reality-TV stars, and other bottom-rung celebrities – and they’re all pitching chances to “invest” in the latest initial coin offering(ICO). (Yes, I purposefully used “scare quotes” there.)
I’m sure your inboxes’ are filled with similar garbage – or maybe it comes through your kids’ social-media accounts.
Either way, I can’t wait till this fad dies down some.
Now, don’t get me wrong. I’m not saying you can’t make money on ICOs. After all, they are based on digital currencies like Bitcoin – our “Gold of Tech” portfolio insurance. I’ve been immersed in Bitcoin virtually since it launched, and I remain a big backer of.it, no matter what Jamie Dimon says.
The reason I want to talk to you about ICOs today is to make sure you understand what they are – and to make sure you don’t get taken for a ride.
With that in mind, I’m going to show you the one thing you should do before investing in any ICO.