New Trade for May 5th, 2023

Stocks were looking to rebound on Friday amid the worst performance for the three major averages since March 10. Before the opening bell, the S&P 500 was off 2.6%, while the Nasdaq was down 2.1%. The Dow was 2.8% lower. 

Shares of regional banking companies have been under pressure this week, weighing heavily on the financial sector. In the wake of the Silicon Valley Bank and Signature Bank collapses, concerns that other financial institutions could suffer the same fate seem justified. However, in some instances, the baby may be getting thrown out with the bath water. The recent slide in banking has created a few promising opportunities in the financial sector; one company seems to stand out among the rest. Keep reading to discover the identity of this company and why it might be a wise investment choice.

Empire Research:

A company with 400 million ‘patents’

One company has quietly compiled more than 400 million official trade secrets.

Trade secrets are like patents in that they protect valuable and proprietary information…

But unlike patents, trade secrets take less time to register… and more importantly, they never expire.

Which is a huge advantage for this little-known company.

You see, this company is using these trade secrets to build the world’s largest “codebase,” which will bethe key to it becoming “America’s Next Big Monopoly.”

Not surprisingly, Wall Street is starting to take notice. And the smart money is already pouring in.

Tech investor Cathie Wood has invested over $80 million already, and Microsoft founder Bill Gates has invested as well.

Get the details here before this story hits the mainstream media.

AssetMark Financial Holdings (AMK)

Leading asset manager AssetMark Financial is off to a rough start in May, down 15% over the past five days. The leader in asset management continues to grow as it looks to become a full-service wealth management platform. Its recent acquisition of Adhesion Wealth, which provides wealth management technology solutions to investment advisors and asset managers, will expand its offerings. The company has been developing rapidly and has forecast annual EPS growth of 32% during the next five years. It has also seen its valuation come down to a P/E of 18, which is a great value for this growth stock.

The stock is up 12% this year. Even if the market does retreat, AssetMark still expects roughly 10% growth in assets on its platform in 2023 and 20% year-over-year revenue growth. And as we emerge from this volatile market toward the next bull market, the company, a leader in the market, should see continued growth since asset managers thrive in bull markets.

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