Momentum Monday – IPO’s Not ICO’s

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Onward…

Happy post Labor Day everyone.

Yesterday, I took some time from the streets of Amsterdam to create a new episode of ‘Momentum Monday’ with Ivanhoff.

But first…I said this about Juul the other day and this one response from Tommy made me laugh:

While ‘Peak Valley’ has the headlines, tech stocks keep ratcheting higher. Apple has quickly added $100 billion since passing $1 trillion and Amazon is on the verge of $1 trillion.

The trend and momentum lesson of this boom (from my momentum investing pal Joe Fahmy) and all others before is if you don’t buy a stock because of ‘high valuation’, you instantly eliminate almost all the winning stocks throughout history. Proof in point…Netflix is up 6,000 percent since 2009 and Nvidia 3,000 percent.

In today’s episode (click here to watch) we dive deeper into reasons biotech stocks look ready to move higher and how you might put some money to work.

I look at a Splunk ($SPLK) entry and walk through 50 more of our favorite momentum ideas.

I think the tech story of 2018 is that the hottest stock in the S&P is $AMD – a 50 year old company.

A lot of the IPO’s of 2016 that were left for dead in 2017 as money flowed into the ‘highly fashionable’ crypto securities and ICO’s are at all time highs and Ivan and I tour some of these as well.

If the market stays strong, expect to see a lot more IPO filings in the 4th quarter.