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Even Without a Stock Split, This Tech Winner Remains a Buy

Even Without a Stock Split, This Tech Winner Remains a Buy

Graphics processing unit makerNvidia (NVDA) announced plans to make a 4-for-1 share split on Friday. That gave shares of the company a quick boost, as it marks the first share split in 14 years for the firm. While the lower share price doesn’t change the company’s market cap, it does make trading easier, particularly for retail investors. It’s fairly common to see companies split shares as they continue a long-term rally. While Nvidia’s conventional valuation is a big high right now, shares are still about 8 percent off their all-time highs. A share split may all the company to rise ...
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Six Month Lows Point to Buying Opportunity in This High Growth Food Chain

Six Month Lows Point to Buying Opportunity in This High Growth Food Chain

The past few months have been tough for many stocks. Even with markets near all-time highs, a number of individual sectors and companies have been hit hard. One company sliding in recent weeks has beenChipotle Mexican Grill (CMG). Shares are now back to six-month lows, and have now underperformed the S&P 500 over the past year. But shares have recently gotten into oversold territory, and look set to make a move higher. Analysts are starting to notice the pattern in shares too, and are also looking to see periodic dips in shares as buying opportunities. With earnings and revenue u...
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Corporate Trends Support this Cloud Powerhouse

Corporate Trends Support this Cloud Powerhouse

Companies solving problems related to remote work trends fared well at the start of the pandemic. While that’s ending, a few companies are likely to be able to continue carrying on their success. One such company isSalesforce (CRM). The company was recently given an upgrade to an overweight rating, as shares are at a solid discount from their peak and the enterprise software company is likely to continue consolidating its market share. Shares have also started trending up again in recent sessions, even as the rest of the stock market has stalled out. It’s likely shares may run a bit ...
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Time to Buy This Failed IPO?

Time to Buy This Failed IPO?

When a company makes its initial public offering, it’s designed to go higher in the first few trading days. This creates a sense of momentum. And when that doesn’t happen? It’s even called a failed IPO.Coinbase (COIN) is the latest company to face a failed IPO. Of course, the company made a direct listing allowing insiders to cash out rather than raise money. But now, the company is looking to raise capital… by raising debt. Shares traded lower on the news Tuesday, as the convertible debt would ultimately dilute existing shareholders. But the late-day decline in the market helped as wel...
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Streaming War Battles Point to Oversold Value

Streaming War Battles Point to Oversold Value

AT&T (T) shares first rallied on Monday on news the company was splitting off its media assets. However, shares closed the day lower as traders saw what looked like a poor deal for the company. While that’s likely to weigh on shares, other media plays are starting to look more attractive as a result. That could lead to better returns, particularly for some of the more beaten-down names in the space. With AT&T moving from a 5 percent gain to a 1.4 percent loss on the news, coming off multi-month highs, now may be a good time to look at streaming operations that aren’t as pricey on...
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Crypto Craze Leads to Tech Shortage in an Unusual Place

Crypto Craze Leads to Tech Shortage in an Unusual Place

Cryptocurrency mining has led to a large surge in demand for processing power. That’s been great for companies that manufacture those products. But some of today’s newer cryptocurrencies are using data storage in a larger way than in cryptos of the past. That’s created a surging demand for hard drives, and reversed a declining sales trend for hard drives that occurred over the past few years on concerns that everything would simply move to the cloud. In particular a new cryptocurrency, Chia, has led to a surge in demand. Hard drive manufactures are already on the move, and many are b...
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Pandemic-Driven Profits Have Slowed, But Reopening Profits Loom

Pandemic-Driven Profits Have Slowed, But Reopening Profits Loom

Many companies were able to quickly shift to changing consumer needs during the pandemic. For entertainment companies, the rise of streaming services from nearly every studio has proven a boon. That was the case withThe Walt Disney Company (DIS). Despite a record-long shutdown of many of its parks and cruise ships, a surge in streaming subscribers allowed shares to head to new highs. In fact, the trend was so strong the company hit its 5-year streaming subscriber goal in its first full-year of service. Now that subscriber growth has slowed. While the market hasn’t liked that overall,...
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Tech Selloff? Consider a Defensive Play with a Powerhouse Franchise

Tech Selloff? Consider a Defensive Play with a Powerhouse Franchise

With the tech selloff, investors are looking to other parts of the market. Defensive stocks have held up well. But the real value in this market is buying into companies that can raise their prices to deal with inflation… and not lose customers doing so. Offering everyday low prices, one such area is fast food. These companies have streamlined operations, a loyal customer base, and haven’t performed as well as some of the faster-moving parts of the market in the past year. One such play is The Wendy’s Company (WEN). The hamburger giant just reported solid earnings that beat expectati...
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Long-Term Trends Bode Well for This Latest Tech

Long-Term Trends Bode Well for This Latest Tech

The rise of electric vehicles over the past few years has proven strong even with a global pandemic. Companies have sprouted up over the past year to take advantage of the trend. Any company that can offer a significant innovation is capable of grabbing a big market share for itself. But it also has to be able to scale up that technology to commercially-viable levels. One promising company isQuantumScape (QS). A recently-public company, they’re working on a new solid-state battery. The company reported poor earnings, but gave some key technical updates. So far, the market is a bit sk...
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Pipeline Shutdown Puts Cybersecurity in the Spotlight

Pipeline Shutdown Puts Cybersecurity in the Spotlight

Colonial Pipeline shut down on Friday following a ransomware attack. The pipeline moves about 45% of the fuel used in the Northeast from facilities in Texas. The company has a tentative date to restore operations by Friday, leaving the pipeline off for a whole week. The impact is raising gasoline prices and the possibility of shortages in some areas, but also bringing an eye once again towards cybersecurity companies. As the first cyberattack in the energy sector specifically, it’s clear that players in the sector large and small will look to beef up their cybersecurity capacity. ...
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