Futures indicate a lower open for all major indices this morning after yesterday’s little bounce. Apple, Amazon and Facebook sank following after-the-bell earnings and are down in pre-market trading. Alphabet was the clear winner, crushing expectations for third-quarter earnings and revenue, shares are up pre-market.
Big Tech’s 2nd Wave
Why popular tech stocks could be in store for a 92% meltdown — and the #1 investment billionaires are turning to now…[Full Story…]
Coronavirus cases are surging to record highs across the United States as we head into the winter season. A few stocks are poised for solid gains as the holidays draw near, even more so if heavier protective measures will be enforced to combat the spread of covid. One such stock is Activision Blizzard (ATVI).
Activision was already enjoying solid secular growth before covid-19 came along. Then, as a result of coronavirus, the video game maker has seen a spike in engagement and in demand due to the stay-at-home nature of the world. While kids and gamers got back outside in the summer, colder weather will soon shudder most of those activities in some places.
Activision Blizzard is a clear leader in the group. In terms of one-year and year-to-date performance, ATVI stock leads both of its major peers, Take-Two Interactive Software (TTWO) and Electronic Arts (EA).
Revenue is forecast to burst higher by 24% this year, helping fuel a 46% climb in earnings. While estimates taper down in 2021, expectations still call for growth. With the stock looking like it wants to breakout, Activision may be a solid bet heading toward the holidays.
This Tesla Supplier could be the single most disruptive ESG stock ever
Forget Tesla. It’s the company that’s been supplying this key piece of tech to Elon Musk that will shock everyone. This is all part of a $30 trillion megatrend. And I’m not talking about blockchain, artificial intelligence, 5G, robotics, or the Internet of Things. This trend is BIGGER than all of those things COMBINED!
And if Elon Musk mentions this company in a tweet, there’s no telling how high shares could go.[Full Story…]
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