By Money Morning Staff Reports, Money Morning - • Print | Email
A major retail sales report just rocked Wall Street week: People are spending money again.
Big time.
And one more thing.
Americans are getting stimulus checks up to $1,400 as soon as next month.
That's going to drive these sales even higher.
That explosion is going to be a pale imitation compared to the sales bonanza we'll see as more people are vaccinated and the pandemic heads off into the history books.
By Alex Kagin, Director of Research, Money Morning • @alexkagin - • Print | Email
Stocks are off to a wild start this year as the GameStop (NYSE: GME) saga sent markets into a frenzy.
But this volatility knocked many excellent tech stocks are off their highs for no particular reason.
That's an opportunity for us.
This means great stocks can be found at a discount and can make for a great entry point if you might have missed out on a big run up.
I'm looking at companies where the story hasn't changed, only the share price.
These companies are still leaders in the major themes I've looked at over the past year.
I'm talking about e-commerce, connected TV and the growth in digital data.
That's giving you the perfect opportunity to buy these top tech stocks at a great discount...
By Alex Kagin, Director of Research, Money Morning • @alexkagin - • Print | Email
You have heard of smartphones, now we have smart commerce.
Mohawk, an under the radar consumer product company is using an artificial intelligence (AI) platform to find product categories where there is no clear leader, improve the product by addressing user issues in negative reviews, and automate marketing and logistics to become the leading seller within the category.
By Alex Kagin, Director of Research, Money Morning • @alexkagin - • Print | Email
The COVID-19 pandemic has transformed e-commerce more than any other time since its inception.
That's created a wave of new investment opportunities, but not all of them are worth owning… Sales skyrocketed as brick-and-mortar stores took their business online using platforms like Shopify (NYSE: SHOP), Etsy (NASDAQ: ETSY), Chewy (NYSE: CHEWY) and Amazon (NASDAQ: AMZN).
People's buying habits changed forever.
That is why I want to talk to you about one of the most recent e-commerce companies to go public, ContextLogic (NASDAQ: WISH), the operator of Wish.com, a discount e-commerce platform.
By Money Morning Staff Reports, Money Morning - • Print | Email
Finding companies that trade for less than their book value – the value of everything they own minus everything they owe – and have fantastic fundamentals is one way to uncover value stock with the potential for huge gains.
We can limit our search for just those stocks trading below book value that high Piotroski F-scores.
The higher the F-score, the more fundamentally sound the company is right now.
A score of 9 is perfect, and a score below 5 indicates deteriorating, potentially dangerous fundamental conditions in the financial statements.
So, the first thing we are going to do is only look at companies with an F-score of 7 or higher.
Then, we will take a look at stocks with large insider or institutional buying of the stock in recent months.
And last, we need to see that smart people who are either running the company or know it inside and out as large investors are buying more of the stock.
Based on that criteria, here's our first best value stock to buy now...
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
There's an incredible omen for renewable energy stocks heading into 2021, setting it up to be a landmark year for the sector.
The International Energy Agency (IEA) said the per-watt cost of solar electricity finally fell below fossil fuels last year.
Renewables are the future.
But investors don't have to wait to find profits.
A select group of renewable energy stocks could explode much higher and much faster than the rest of the industry.
Analysts call it a "leapfrog" over existing energy models.
That could send one renewable energy stock near doubling over the next year.
By Alex Kagin, Director of Research, Money Morning • @alexkagin - • Print | Email
This will be the year of the SPAC.
But not all SPACs are worth buying.
With over 200 blank-check companies reaching public markets in 2020 it pays to be selective.
Some SPAC mergers have been big let downs for investors.
But the most successful SPACs have had one thing in common: excellent management.
As a technology investor, I have been watching many of these companies form and I've been digging into the management behind each and every one of them to share with you what is on the horizon.
There are the three best SPACs to watch right now...
By Chris Johnson, Quantitative Specialist, Money Morning - • Print | Email
"The FAANGs" have been a convenient shorthand for the mega-cap Nasdaq tech firms that have led the markets higher since the middle of the last decade. In 2020, at a time when markets desperately needed a leader, they were there.
But from a technical perspective, the FAANGs are starting to show a little long-term fatigue in the charts.
And then there's the elephant in the room: Everyone points to the FAANGs as a reason to be in the market – and they are great stocks – but if you wanted to buy 100 shares of each of these stocks, you'd have to fork over nearly $687,000 (the price of a nice house in many parts of the country).
Fortunately, the next group of market leaders is out there right now, going more or less under everyone's radar.
I'm not sure how much longer they'll stay there, though – performance like this tends to get noticed. Tech stocks grew by around 45% in 2020, but the ones we'll talk about in a second shot up 147%.
I think we're just getting started here… Full Story
By Alex Kagin, Director of Research, Money Morning • @alexkagin - • Print | Email
Streaming media was one of the biggest success stories of 2020, and that trend is shaping up to carry right on through 2021 too.
This is why I'm focusing on a newly public streaming company that has found a niche that Apple (NASDAQ: AAPL), Disney (NYSE: DIS) and Netflix haven't captured, making it one of the best streaming stocks of 2021.
Here's the hottest streaming stock of 2021...
By Money Morning Staff Reports, Money Morning - • Print | Email
It has been quite a year for the stock market, which makes finding the best cheap growth stocks increasingly difficult as the S&P 500 (up 15% YTD) and NASDAQ 100 (up 47% YTD) climb.
The rally off the March lows has been breathtaking, with the S&P rising over 70% since the darkest days of March.
The rally has been fueled by the big growth stocks like Tesla Inc.
(NASDAQ: TSLA), Zoom Video Communications Inc.
(NASDAQ: ZM), and other big-name companies that have dominated the headlines this year.
If you listen to the talking heads right now, you would get the impression that all growth stocks are trading at ridiculous valuation multiples and are just too expensive to buy at these levels.
Believing that could be the most expensive mistake you ever make.
There are dozens of companies that are growing their free cash flow by double-digit percentages every year that trade at reasonable valuations.
They are not attracting the headline some of the hyper-growth stocks have received this year.
Still, history tells us that companies with this type of steady growth ultimately reward shareholders very generously… .
Here are my latest three best cheap growth stocks to buy today for the new year...
