When you think of 91 year old Warren Buffett’s stock picks, old stodgy companies with wide moats that spit off massive amounts of cash come to mind. From railways to insurance, the laundry list of market-beating companies Buffett owns through his holding company Berkshire Hathaway is the stuff of legend.
But one sector Buffett has famously avoided up until the last few years is technology,
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The Nasdaq Composite entered a bear market in Q1. One investor treating the pullback as a buying opportunity is billionaire Israel Englander of Millennium Management. He added to his shares of The Trade Desk, an industry leader gaining momentum in the programmatic advertising space.
Although analysts have been cutting price targets for growth stocks,
Trivia: What AdTech platform grew by 41.2% during 2021?
Ding, ding, ding! The answer is #3, Alphabet, Google’s parent.
The growth rate seems truly astonishing and here’s why. It’s one thing for a small up-and-coming company to grow revenues by north of 40% annually.
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It’s no secret that Cathie Wood’s collection of ARK funds have had a horrendous 2022. Her ARKK flagship fund was down 53% year-to-date at the time of writing and traded in the mid-$30s as recently as June, down from a high of almost $100 per share at the start of the year.
But there’s light at the end of the tunnel for growth investors.
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Competition is fierce in the cannabis industry. The Canadian market in particular has a litany of producers and sellers. The consequence of almost 1,000 licensed players elbowing each other for market share has been margin compression for most and losses for many.
As smaller producers creep into the market and steal market share inch by inch,
In theory nothing changes when a stock split occurs but in reality more buyers can afford to scoop up shares and so prices often rise when demand increases. As a result, stock splits are often viewed as bullish signs, even though theoretically nothing in the company’s fundamentals have changed.
Recently, Alphabet split its shares 20:1 from over $2,200 per share to closer to $110 per share.
» Read more about: The Next BIG Stock Split After Alphabet Is… »
The cannabis industry seems like an obvious way for investors to make money. There’s immense demand for cannabis products, and plenty of companies would like to sell edibles, concentrates, flowers and similar items to consumers.
Common wisdom says that the value of cannabis stocks will grow as more states legalize medical and recreational access.
» Read more about: Is This the Spark to Ignite Cannabis Stocks? »
The rule of thumb in investing is to diversify. Yet the most successful investor of all time shuns that rule and bets heavily on a few companies instead. Warren Buffett has almost 90% of his stock portfolio invested in just ten stocks.
Indeed his top 7 holdings collectively are worth about $250 billion and his #1 position represents about half of that amount.
Investing in cannabis companies can seem risky. But cannabis companies span a range from pure-play direct-to-consumer sales to REITs that house growers and everything in between.
The industry offers enormous potential. In 2022, legal cannabis sales in the United States are estimated to hit $33 billion, up 32% from 2021 — and is projected to reach $52 billion by 2026.
Netflix is famously the king of streaming but it has been attacked by a host of competitors, new and old alike. One top contender is Disney.
As early as 1940, the public was able to invest in Disney (NASDAQ: DIS). However, the stock was not listed on the New York Stock Exchange until 1952,
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