Highly active traders are no doubt familiar with secondary offerings, and the potential damage they can inflict on well-constructed portfolios.
“These offers often occur when there is good news or a strong chart and can be quite discouraging as they kill what are good-looking technical setups,” said James “Rev Shark” Deporre, writing in Real Money recently.
Deporre feels your pain, as he recently experienced the same ordeal building up a position in Hut 8 Mining (HUT) – Get HUT 8 MINING CORP. Report. Based in Alberta, Canada, Hut 8 is a cryptocurrency miner offering favorable pricing on energy, which is critical to crypto mining. It mines not only bitcoin but has diversified into ethereum.
“If bitcoin and etherium continue higher in the months ahead, then there is little doubt, in my view, that HUT will do quite well as well,” Deporre said. “I still like the trade, but the question is, how do you deal with this sort of setback when a good-looking trade now looks technically poor?”
Hot Tech Stocks To Watch Right Now: DocuSign, Inc.(DOCU)
DocuSign, Inc. provides cloud based software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements. It also offers CLM, which automates workflows across the entire agreement process; Insights that use artificial intelligence (AI) to search and analyze agreements by legal concepts and clauses; Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce; Negotiate for Salesforce that supports for approvals, document comparisons, and version control; Analyzer, which helps customers understand what they're signing before they sign it; and CLM+ that provide AI-driven contract lifecycle management. The company provides Guided Forms, which enable complex forms to be filled via an interactive and step-by-step process; Click that supports no-signature-required agreements for standard terms and consents; Identify, a signer-identification option for checking government-issued IDs; Standards-Based Signatures, which support signatures that involve digital certificates; Payments that enables customers to collect signatures and payment; and eNotary, which offers the ability to execute electronic notarial acts. It offers industry-specific cloud offerings, including Rooms for Real Estate that provides a way for brokers and agents to manage the entire real estate transaction digitally; Rooms for Mortgage, which offers digital workspace to create and close mortgages; FedRAMP, an authorized version of DocuSign eSignature for U.S. federal government agencies; and life sciences modules that support compliance with the electronic signature practices. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise, commercial, and small businesses. The company was incorporated in 2003 and is headquartered in San Francisco, California.
Advisors’ Opinion:
- [By ]
Shares of DocuSign (DOCU) – Get DocuSign, Inc. Report rose after the electronic-signature provider’s loss narrowed in the second quarter and it raised its fiscal-year guidance for total revenue, subscription revenue and billings. Revenue totaled $511.8 million up 50% from a year ago, while subscription revenue jumped 52% to $492.8 million.
- [By ]
Of the 10 stocks Winslow Capital closed out in the second quarter, Uber Technologies (UBER, $41.40) was its biggest sale. The hedge fund reduced its position to 0% from a 1.5% weighting at the end of the first quarter. Do-it-yourself (DIY) social media site Pinterest (PINS) and e-signature solutions specialist DocuSign (DOCU) were two other stocks Winslow closed out during the second quarter.
Hot Tech Stocks To Watch Right Now: Leidos Holdings, Inc.(LDOS)
Leidos Holdings, Inc., an applied technology company, delivers solutions and services in the national security, health, and engineering markets in the United States and internationally. The companys National Security Solutions segment offers solutions and systems for air, land, sea, space, and cyberspace for the U.S. intelligence community, the U.S. department of defense, military services, the U.S. department of homeland security, and government agencies of U.S. allies abroad, as well as to other federal, civilian, and commercial customers in the national security industry. Its solutions offer technology, intelligence systems, command and control, data analytics, cybersecurity, logistics, and intelligence analysis and operations support services to critical missions. The Health and Engineering segment offers electronic health record (EHR) system and behavior health services; implements and optimizes EHR systems at commercial hospitals; and provides life science research and development support services. This segment also offers process industries engineering services and solutions to mid-tier refineries and industrial companies; security products, services, and solutions; power grid engineering services and solutions; federal environmental and engineering services; and transaction and asset valuation services for the power industry. The Corporate and Other segment engages in the real estate management activities. The company was founded in 1969 and is headquartered in Reston, Virginia.
Advisors’ Opinion:
- [By Stephan Byrd]
Sativacoin (CURRENCY:STV) traded 2.1% higher against the US dollar during the 1-day period ending at 22:00 PM E.T. on May 9th. Over the last week, Sativacoin has traded up 0.1% against the US dollar. One Sativacoin coin can now be purchased for $0.0318 or 0.00000341 BTC on popular exchanges including Cryptopia and YoBit. Sativacoin has a market capitalization of $225,415.00 and $19.00 worth of Sativacoin was traded on exchanges in the last 24 hours.
Hot Tech Stocks To Watch Right Now: AXT Inc(AXTI)
AXT, Inc. (“AXT”, “we,” “us,” and “our” refer to AXT, Inc. and its consolidated subsidiaries) is a worldwide developer and producer of high-performance compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. However, certain chips may become too hot or perform their function too slowly if silicon is used as the base material. Alternative or specialty materials are used to replace silicon as the preferred base for the electronic circuits in these situations. We provide such alternative or specialty materials in the form of substrates or wafers, including compound and single element substrates. Our compound substrates combine indium with phosphorous (InP) or gallium with arsenic (GaAs). Our single element substrates are made from germanium (Ge). Advisors’ Opinion:
- [By Joseph Griffin]
Get a free copy of the Zacks research report on AXT (AXTI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Get a free copy of the Zacks research report on AXT (AXTI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
