With all the saturation coverage for the spreading coronavirus from China, the plight of Frank Krasovec got very little traction.
Then again, he is hardly a household name. Krasovec serves as the chairman of Dash Brands Ltd. The privately held firm owns Domino’s Pizza franchises in China.
He did not succumb to the coronavirus. Instead, he was the victim of financial fraud costing him at least $450,000.
It all started when hackers gained access to his email address and used that to commit wire fraud against him.
I’m bringing this up now because I fear that with so much worry about the new pandemic, many people may let their guard down.
Even worse, we may see hackers coming at us with phishing emails seeking donations to help those stricken with the virus when in reality they want to rob us blind.
So, there are two points I want to make here. First, be extra cautious regarding emails and access to your credit card accounts.
Even if you can’t stand President Trump, you have to give him credit where it’s due.
We haven’t seen anyone in the White House since Ronald Reagan who is such a strong backer of the Pentagon. Trump campaigned on rebuilding the military and made it a hallmark of his administration.
Yet while Big Media was giving saturation coverage to the Trump impeachment hearings, the defense budget deal was in the works.
The net result was a paucity of news about the Fiscal 2020 Pentagon budget that sailed through the House on a 377-to-48 vote.
This is a $738 billion bill. That’s a lot of work for defense contractors, both large and small. And it completely slipped past everyone’s radar.
Well, almost every one…You can bet that yours truly was busy searching for defense winners.
When we talked on Tuesday, I showed why you should wait until after a new IPO sells before investing.
In fact, after its initial drop, Veeva Systems Inc. (VEEV) went on to earn 863% in just a tad over five years.
Here’s the thing. During that same period the benchmark S&P 500 earned a respectable 70%. In other words, our play on cloud services for the life sciences sector beat the market’s benchmark by 1,132.9%.
That kind of return happens all the time in high tech, which I have proven time and again is the road to wealth.
With a high-octane stock like Veeva, $25,000 can turn into $240,750 in half a decade, with plenty of upside still ahead. You just need a handful of these tech-centric market crushers to become a millionaire.
Today, I’m following up to show you why Veeva is such a great long term play on the $1.2 trillion drug and biotech sector.
Now it can finally be said – I was right and Wall Street and the media were dead wrong.
In fact, if you listened to those alleged experts, you would have left a lot of money on the table in this incredible bull market.
Here’s why I say that; for at least the last seven years, time and again we have seen the Street and the media suggest that a tech rout was at hand.
I often felt like the lone voice in the crowd when I would remind you, reader, that the road to wealth is paved with tech.
So, you can imagine my reaction when I saw a recent story in the Wall Street Journal that said tech stocks are on the verge of their best year since the bull market began in 2009.
But I believe that’s only a start.
Today, in the first of two parts, I’m going to reveal how you can become a millionaire from just a few tech stocks.
I sure hope you took the advice I gave you back on July 26. You’d be laughing all the way to the bank by now.
But even if you didn’t have a chance to read it, today I’m going to show you why there’s so much upside for this company ahead.
Back then, my column about a breakout medtech leader appeared the very day after the stock dropped by 25% on heavy volume.
That’s the kind of decline that makes most investors very nervous.
But we’re not most investors. We know how to pounce on an undervalued stock and make more money by turning Wall Street’s anxiety attack into our long-term profits.
And that’s why I never lost faith in this company. It’s one I have followed for years and it’s nothing short of a profit powerhouse.
In fact, I actually got excited to see that we could scoop up shares of Align Technology Inc. (ALGN) at deep discount.
So, I’m happy to report that Align rocked the market last month – gaining more than 39% in just 30 days.
I have to say, I’m not surprised to see a high-octane fintech startup become a huge “unicorn.”
By “unicorn” I mean a privately held firm with a pre-IPO valuation in excess of $1 billion.
Then again, Stripe Inc. is really onto something. The firm’s technology serves as a great digital payments gateway. Wall Street and Silicon Valley are clearly impressed.
Stripe recently received fresh funding of roughly $250 million from the venture capital firms Sequoia Capital, General Catalyst, and Andreessen Horowitz.
After that cash haul, Stripe is now valued at $35 billion, making it one of the world’s most valuable startups.
It’s easy to see why Stripe is so well positioned to succeed. Adapt Insights says the global fintech payments market is already worth $4.8 trillion.
Don’t worry. To cash in on this highly lucrative field, you don’t have to strike a private deal or wait for a company like Stripe to go public.
Today I’d like to introduce you to a man I call the “Don Quixote of Tech”.
And no, I don’t mean it as a compliment.
If you who don’t remember, need a refresher, or haven’t read the book, the fictional Don Quixote is the hero of a famous novel by Miguel de Cervantes first published in 1605.
Despite the book’s age, many scholars consider it to be the finest novel ever written.
Our focus here is on chapter eight. In this section, Don Quixote of La Mancha and his sidekick, Sancho Panza, find themselves in a field of towering windmills.
Don Quixote says they are giants. He intends to slay them and take their riches. When Sancho says they’re windmills, Don Quixote says he is more experienced in these matters and he knows for certain they really are giants.
Obviously, they really were windmills after all…
Turns out something very similar to this enduring metaphor is playing out in Congress right now, thanks to Jerrold Nadler. He’s taking on Big Tech as the chair the House Judiciary Committee.
It was a legal award large enough to grab headlines – and the public’s attention.
Then again, an Oklahoma court recently ordered Johnson & Johnson (JNJ) to pay $572 million for contributing to America’s opioid crisis, one that causes more than 40,000 deaths a year.
JNJ says it will appeal the ruling. So, at this point, we can’t predict what the final amount will be.
But this much is clear – we need some type of technology that can provide accurate opioid patient monitoring, both in the hospital and the home.
And the good news for tech investors is there is, in fact, a terrific company that aims to solve this problem.
This is a stellar firm that has been at the forefront of non-invasive patient monitoring since 1989.
That’s a big part of the stock’s success. It often doubles the return of the S&P 500, something it’s already done all year.
I love it when my passion for sailing dovetails comes together with my love for crushing the market with high-growth tech stocks.
Here’s the thing. I moved to the Bay Area 35 years ago in June for two main reasons:
To get more directly involved in Silicon Valley after analyzing tech for many years.
To race J-24 sailboats on San Francisco Bay, the most exciting place in the world to sail.
Here’s the thing. As a small-boat skipper, I would occasionally get the chance to “slipstream” a larger yacht.
The term refers to getting behind a bigger boat and letting its draft pull you along. Also known as “drafting,” the process allows you to make good speeds with a lot less effort.
And that is exactly the type of situation we find with a company that is “slipstreaming” in the wake of Microsoft Corp. (MSFT).
Today, I’m going to show you why the Microsoft alliance will help this quiet tech leader absolutely crush the market…
It’s Friday morning, and I have fallen in love once again.
Actually several times to be honest.
And that’s before the sun has even come up.
Let me explain. I recently appeared as a guest on TD Ameritrade Network’s Watch List TV show. Since the markets have been in turmoil of late, host Nicole Petallides asked if I was still “loving tech.”
I got right to the point and said I love tech every morning I get out of bed.
Of course that makes a lot of sense when you consider my mantra is “the road to wealth is paved with tech.“
But many analysts out there have not shared my enthusiasm of late. Just weeks ago, all you heard from the media and Wall Street is that tech was going to lose steam.
As the second quarter earnings season comes to a close, it bears noting that a wide range of tech leaders easily beat Wall Street’s forecasts.
