Stocks To Buy

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 ...
Read More About This

While tech stocks have been out of favor the past few months, companies continue to innovate and roll out new products. Some are mere ideas, others are on the cusp of massive profitability. The 5G network is in the second category. It’s been discussed for years, and started slowly rolling out shortly before the pandemic started. With an end to the pandemic, it’s likely to speed up, and one company stands to dominate no matter how the sector unfolds. That company is ...
Read More About This

Fintech payment company Square (SQ) has been a big pandemic winner. Cashless transactions are on the rise, and the company’s touchless technology has done a lot to avoid the physical exchange of cash, on top of its other features. So it’s no surprise that the company smashed its latest earnings report, bringing in $5.06 billion in revenue against expectations of $3.3 billion. The company even reported making $3.5 billion in Bitcoin transactions, up 10-fold from a year ago when it was ...
Read More About This

Residential real estate has been a strong performer in the past year. Sales trends suggest that home prices will continue to appreciate as demand remains strong and supply remains tight. That bodes well for a number of companies that play to housing trends. That’s why most names in the space have beaten their quarterly estimates so far, and why they’re likely to perform well in the months ahead. One such play is Zillow Group (Z). The company saw revenue rise 8 percent ...
Read More About This

Even before the pandemic, sales of video games were topping box office receipts. And with a world loaded with small indie studios to developers producing popular titles, video games are a growing source of revenue for the entertainment sector. That’s a trend likely to continue, thanks to the latest generation consoles and an endless stream of new games in production. The strong cash flows from creating video games has made for a massively profitable niche in the entertainment sector with room ...
Read More About This

The pandemic’s effect on the economy can be measured in many ways. One simple way to track its effects is by looking at the level of global commerce. A number of companies can provide a one-stop look at this information as they report earnings. That may be why shipping companies like UPS (UPS) and FedEx (FDX) have been in rally mode the past few months. They reflect a hot economy. Both companies are also getting analyst upgrades ahead of their next earnings ...
Read More About This

The past few years has seen the rise of entirely new businesses online. Areas such as e-Sports are overtaking physical sports in terms of value and customer interest. That’s also true with sports gambling, which, thanks to some legal changes, is now widely available online. The big player in that space is DraftKings (DKNG). The company went public last year via a SPAC and was an early winner in that way of going public. Like many SPAC and post-SPAC companies, however, shares ...
Read More About This

With most of the tech space focused on the semiconductor shortage, a few areas are performing well in spite of the industry effects. One area? Memory. From solid state drives to flash drives, demand for storing more and larger amounts of data has remained constant. That’s great for companies that produce these products. And based on the latest earnings numbers, it’s clear that these companies are in an uptrend. For instance, Western Digital (WDC) just reported better-than-expected financial results. While revenue was ...
Read More About This