Google’s CEO Sundar Pichai has already spent $3.9 billion on this unproven technology. He’s recently said this breakthrough tech “is more important than electricity.” Even the Harvard Business Review says companies who fail to implement this technology will never catch up. Because without this new tech, Google could be bankrupt in the next 5-10 years. But there is one little-known company that holds the key to Google’s future… And a chance for you to make massive profits. Click here to learn more.
Week of September 2nd, 2019
The week didn’t start off so well with an intensifying trade war, and an inverted yield curve but it certainly ended well. In fact, the Dow Jones tacked on a few hundred points after China said it would not retaliate with tariffs.
Instead, they noted, “We firmly reject an escalation of the trade war, and are willing to negotiate and collaborate in order to solve this problem with calm attitude,” Gao Feng, spokesman for China’s Ministry of Commerce said, as quoted by CNBC. “China has plenty of means for counter measures, but under current situation, the question that should be discussed right now is about removing the U.S.’ new tariffs on $550 billion Chinese goods to prevent escalation of the trade war.”
If President Trump refrains from raising tariffs on Monday, markets may continue to rally.
As we wait to see what happens next, here are some of the top stocks we’re watching:
Opportunity No. 1
Advanced Micro Devices (AMD)
We’ve talked about this stock a few times because it has a history of doing well. The reason we’re recommending it again is because it’s again oversold and ready to push higher. Plus, it’s hard to ignore a stock that we can buy again and again on ridiculous pullbacks. From a current price of $31, we believe AMD could push to $40 a share, near-term.
Opportunity No. 2
Cree Inc. (CREE)
Cree is far too oversold to ignore at current prices after Piper Jaffray downgraded it to underweight on weakness in the LED market. However, with CREE technically oversold here on fear, we believe it’s now a bargain. We have a near-term price target of $60 from a current price of $44.30. That would refill its bearish gap from this month.
Opportunity No. 3
Square Inc. (SQ)
It’s not clear why Square pulled back as aggressively as it did in recent weeks after second quarter earnings. It beat analyst expectations for earnings and revenue. Granted, the culprit may have been lowered third quarter guidance, as it expects adjusted EPS of 18 to 20 cents, as compared to estimates for 22 cents. However, we must remember that Square has a history of conservative guidance. Even analysts say SQ offers a good buying opportunity. In fact, Deutsche Bank recently noted, “We regard [Square’s] recent stock weakness as a good buying opportunity as we see no change from our thesis that organic revenue growth.”