Unlocking Profit Potential in AI Stocks: The Great Tech Reversal of 2024
By Thomas Yeung, Markets Analyst
Last week, we explored the potential of the market with "Gravity Pleasure Road," likening it to a roller coaster ride. But now, a rare economic event is on the horizon, signaling a lift akin to the roller coaster’s ascent. Luke Lango’s presentation on "The Great Tech Reversal of 2024" suggests that we are just at the beginning of a market boom reminiscent of the late 1990s and post-Covid years.
Signs of Improvement
- Nasdaq-100 up 4%
- Informatica (INFA) up 6%
But the best is yet to come. Luke’s presentation elaborates on the factors driving this reversal, which will reshape the tech landscape for years to come.
AI-Powered Coding: GitLab Inc. (GTLB)
GitLab, a tech firm experiencing growth despite a 49% dip in shares, is at the forefront of AI programming solutions. With revenues expected to surge and earnings quintupling by 2028, GitLab’s focus on AI for programming is proving fruitful.
Riding Cloud Demand: Seagate Technology Holdings PLC (STX)
Seagate’s shift towards mass-capacity drives for cloud providers aligns with the growing demand for storage space in the AI era. Analysts predict a 40% revenue surge this year, with profits potentially increasing seven-fold. Louis Navellier’s Portfolio Grader has upgraded Seagate to "Strong Buy," reflecting positive earnings momentum and analyst revisions.
The Doctor Will See You Now: Oscar Healthcare Inc. (OSCR)
Investing in health-tech without the risks of drug development, Oscar Healthcare stands out as a tech-forward health insurance startup. With a focus on personalized plans and virtual primary care physicians, Oscar is set to increase revenues by 20% annually through 2027. Louis’s Portfolio Grader rates Oscar highly for sales growth, earnings surprises, and institutional buying.
An Unusual September
Despite the historical trends, Luke predicts a rare September event that will kickstart a multiyear bull market. High-quality AI firms are expected to thrive, with three companies poised to skyrocket in the coming months. Watch Luke’s briefing to stay ahead of the curve.
In conclusion, the market is on the cusp of a significant shift, with AI stocks leading the charge. Investors can capitalize on this trend by exploring opportunities in AI-powered coding, cloud demand, and health-tech sectors. Stay informed, stay ahead, and unlock the profit potential in the evolving market landscape.