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I don’t get every trade right, but this past month has been quite prosperous for me and hopefully for you Junkies, too.
In the last 30 days, I’ve called 6 double digit winners. And one has nearly doubled our money in the last week alone…
If you put $1,000 into each pick, you would now have $2,520 in profit with an average of 42% return for the six stocks.
Here they are, along with my updated price target for each.
Shopify Inc. (NASDAQ: SHOP)
[finviz ticker=SHOP]Date and price called: June 10 for $740 per share
Now trading at: $1,026
Return so far: 38.7%
If you’re ordering something online and it’s not coming from Amazon, odds are it’s coming from Shopify (and you don’t even know it).
That’s because, even though you won’t see its name on the packaging, Shopify has 31% market share in the U.S. for websites using ecommerce technologies.
One of the best ways to think of Shopify is as a cheaper, smaller version of Amazon. With a market cap of only $80 billion (compared to Amazon’s $1.3 trillion), Shopify clearly has a lot of room to grow.
Even if Shopify just grew to half the size of Amazon, that’d represent a 712.5% return.
Updated price target: $1,500
Additional return estimate: 46%
Docusign Inc. (NASDAQ: DOCU)
[finviz ticker=DOCU]Date and price called: June 10 for $140 per share
Now trading at: $209.50
Return so far: 49.6%
Docusign developed some of the first electronic signature technology that helps organizations connect and automate how they prepare, sign, act on, and manage agreements.
All you need is an Internet connection and an email address…
Instead of mailing a paper document back and forth (which would take days or weeks), DocuSign subscribers can send it to their customers via email to sign electronically in a matter of minutes. And it’s all stored safely on the cloud.
Companies that have been reluctant to switch from the “old-fashioned” way were forced to use DocuSign during the lockdown to get business done.
And now investors are betting that the new companies who signed up over the past couple months won’t be switching back after realizing all the time and money they’re saving using DocuSign.
Updated price target: $300
Additional return estimate: 43%
Square Inc. (NASDAQ: SQ)
[finviz ticker=SQ]Date and price called: June 10 for $90 per share
Now trading at: $128
Return so far: 42.2%
Since its inception in 2009, Square has made commerce easy with their in-store credit card readers. And it makes the economy more inclusive for everyone with its in-house payments and investing platform, the Cash App – introduced in 2015.
Cash App is the fastest growing digital wallet in the U.S. In just two years, from 2017 to 2019, monthly active users more than tripled from 7 million to 24 million. And it also acts a commission free brokerage platform for trading full or fractional shares of stocks and Bitcoin.
If you can’t afford to buy one share of Amazon.com Inc. (NASDAQ: AMZN) for approximately $2,600 or one Bitcoin for $9,700, then you can use the Cash App to buy as little as $1 worth at a time – completely for free.
In fiscal 2019, Cash App revenues jumped 157% year-over-year to $1.1 billion.
Updated price target: $200
Additional return estimate: 56%
TRI Point Group Inc. (NASDAQ: TPH)
[finviz ticker=TPH]Date and price called: June 26 for $13 per share
Now trading at: $15
Return so far: 15.4%
TRI Pointe Group Inc. (NYSE: TPH) is an American construction company that focuses on residential construction. It’s also involved in the sale and development of land.
The company primarily designs and builds single-family homes and condominiums through its portfolio of six regional housing brands.
Its largest regional brands include Maracay Homes, which operates in Arizona, and TRI Pointe and Pardee Homes, which operate in California, Nevada, and Colorado.
From a geographic perspective, California is TRI Pointe’s largest source of revenue, followed by Arizona and Nevada. The company also operates in Texas, Oregon, and Virginia.
TRI Pointe completes approximately 4,000 homes annually with an average selling price around $500,000.
I’m calling this the “fastest growing stock” is because it has the highest year-over-year earnings per share (EPS) growth of any publicly traded company on the market today.
Updated price target: $20
Additional return estimate: 33%
Novavax Inc. (NASDAQ: NVAX)
[finviz ticker=NVAX]Date and price called: June 28 for $78 per share
Now trading at: $94
Return so far: 20.7%
Novavax Inc. (NASDAQ: NVAX) is a biotechnology company headquartered in Maryland that develops vaccines.
The company works in the clinical stage of development with a focus on delivering novel products that prevent a broad range of diseases.
Novavax works together with its wholly owned Swedish subsidiary to produce vaccine candidates to respond to both known and emerging disease threats.
The company develops product candidates geared toward all age demographics of the general population and believes its vaccine technology has the potential to be applied broadly to a wide variety of human infectious diseases.
Updated price target: $150
Additional return estimate: 58%
NIO Inc – ADR (NASDAQ: NIO)
[finviz ticker=NIO]Date and price called: July 5 for $7.75 per share
Now trading at: $15
Return so far: 94%
NIO operates in China’s premium electric vehicle market and was founded in 2014 by William Li, the Chairman of Bitauto and NextEV.
The company designs, manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence.
NIO sells vehicles through its own sales network, including NIO Houses, NIO Spaces, and their mobile application.
Its SUV model include the ES8, ES6, and EC6, which range in price from $50,000 to $100,000 (similar to Tesla’s offerings).
Updated price target: $25
Additional return estimate: 67%
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