5 Ways to Play the ‘Digital Transformation’
Jon is on the road today, so in lieu of a traditional Friday issue of Pivotal Point, we’ve compiled a roundup of recent articles that remain as relevant today as they were when they were first published.
So, in case you missed them, here are five stories showcasing what Jon refers to as the “Digital Transformation,” including numerous ways investors can play the megatrend for potentially enormous profits.
Getting in on the ground floor of any big tech trend is exciting, and that’s exactly the opportunity at hand. Executives at Facebook announced that the company is rebranding as Meta Platforms (Nasdaq: FB) and will focus on transitioning to the metaverse. But Facebook is not the play here.
Back in March, one piece of original digital artwork sold for $69 million at a Christie’s auction. This purchase happened without an in-person art exhibit, and the new owner didn’t get a canvas that could be hung in a home. That’s because it lives on the blockchain. And one stock gives investors the chance to play the emergence of non-fungible tokens (NFTs).
The idea of GM moving into the future might seem far-fetched, but that’s now the reality. In June, CEO Mary Barra announced the company would spend $35 billion to accelerate its transition from internal combustion engines (ICE) to electric vehicles (EVs).
Research suggests a big rally could be possible going into year’s end, and the best investments over the next three months will be in businesses helping banks, industrials and other companies that move data and build new revenue streams.
We’re only in the beginning stages of a great digital era that’s showing no signs of slowing down. One obvious winner that’s continued its staggering growth is this Plano, Texas-based company, which isn’t your typical software business.
The Weiss Ratings Team