New Trade for March 17th, 2021

Investors were cautious this morning ahead of the Federal Reserve’s decision following the two-day policy meeting that ends this afternoon.  Tech and growth stocks were under pressure once again as the 10-year treasury yield rose to a fresh 14-month high.

We have officially passed the first anniversary of the COVID-19 pandemic.  Though the U.S. economy is far from pre-pandemic levels, it has shown solid improvement driven by Fed support and faster vaccine deployment.

The stock market has strongly bounced back and reached new milestones with the S&P 500 and Dow Jones hitting a series of new highs lately.  While every corner of the market has rallied, information technology was the strongest winner for the most part of the pandemic on an e-commerce boost.  However it was overtaken by cyclical sectors lately with improvement in the economy.  

Our trade alert for today highlights a stock that has more than doubled since the onset of the pandemic and several analysts have noted factors that will likely support continued outperformance, even in the post-pandemic world. 

Silvergate Capital Corporation (SI) operates as a bank holding company  for Silvergate Bank that provides banking products and services to business and individual clients in the United States and internationally. The stock saw solid earnings estimate revision of 80 cents over the past 60 days for this year with estimated growth of 69.1%.

Silvergate recently announced to have filed for a $300 million at-the-market public stock offering. Perhaps, investors are optimistic of the company’s plans to use these proceeds to aid in its growth organically or through strategic acquisitions.

This company is expected to post quarterly earnings of $0.48 per share in its upcoming report, which represents a year-over-year change of +108.7%. Revenues are expected to be $32 million, up 56.8% from the year-ago quarter.

Of 6 analysts offering recommendations for SI stock, 5 call it a Buy and there is one Hold rating.  There are no Sell ratings for SI stock. The stock also sports a 2.61% dividend yield. 

Where to invest $1,000 right now...

Before you consider buying Silvergate Capital, you'll want to see this.

Investing legend, Keith Kohl just revealed his #1 stock for 2022...

And it's not Silvergate Capital.

Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.

Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.

Find that to be extraordinary?

Click here to watch his presentation, and decide for yourself...

But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.

Click here to find out the name and ticker of Keith's #1 pick...