🗳 ️Let’s vote for the new tAssets on Twindex!
Hi everyone, we hope you like the FB and BRK.B stocks we recently added in the past week! Our mission to offer a wide range of synthetic assets continues and we’d like to hear your opinion on what new tAssets you want to see next. Let’s get to know each one of them so that you can raise your voice precisely!
NVDA — NVIDIA Corporation
INDUSTRY — Semiconductors
SECTOR — Technology
Nvidia has long held a position as a market leader in graphics processing units. The latest data shows that NVDA has returned about 91.05% since the start of the calendar year.
Meanwhile, stocks in the Computer and Technology group have gained about 25.16% on average. As we can see, NVIDIA is performing much better than its sector in the calendar year.
Not to mention that NVDA has railed another 7% on hopes Facebook’s investment in virtual reality and the metaverse will be beneficial.
Additionally, applying its technology to autonomous cars, VR headsets, cryptocurrency, and other areas has helped boost the stock.
Its professional visualization division, which includes VR, experienced a 156% revenue increase in the second quarter over the year-ago quarter, while its automotive division brought in 37% more revenue than one year ago.
- A divergence between the two largest chipmakers, Nvidia and TSMC, could widen, traders say
- Facebook’s Planning a Major Spending Spree. Nvidia and 8 Other Stocks That Could Benefit.
BIDU — Baidu Inc
INDUSTRY — Internet Content & Information
SECTOR — Communication Services
Looking for the dip of the Chinese stocks? You’d probably want to consider BIDU.
Trefis's analysis of Baidu’s Valuation is $224, implying that the stock seems cheap at its current price. In September, all Chinese stocks fell in response to reports that Chinese real estate giant Evergrande Group could be forced into bankruptcy.
“Overall, however, we believe Baidu at the current price has an upside potential due to expected revenue growth. We expect Baidu’s revenues to be $17.7 billion by 2021. Further, its net income is likely to be at $3.3 billion, taking the EPS figure to $9.47. For FY 2022 revenue is likely to increase $19.1 billion taking its net income to be at $4 billion. This will increase the EPS figure to $11.55, which coupled with the P/E multiple of 19.4x will lead to Baidu’s valuation around $224, which is 48% above the current market price”. — Forbes
QQQ — Invesco QQQ Trust Series 1
Too many good stocks to choose from? The Invesco QQQ ETF is a popular exchange-traded fund (ETF) that tracks the Nasdaq 100 index and its holdings are dominated by big technology-related companies, such as Apple, Amazon, Google, and Facebook.
Technology — 57.34%
Consumer Services — 19.43%
Consumer Goods — 8.69%
Health Care — 6.47%
Industrials — 5.84%
Telecommunications — 1.14%
Utilities — 0.87%
Basic Materials — 0.21%
CHF — Swiss Franc
It’s unarguable that lower volatile assets like currencies are investors’ favorite investment alternatives. Vote this one if you’re looking for a new stable staking pool!
As usual, share what’s on your mind here https://twitter.com/twindexcom/status/1454335785235202052 and stay tuned for the new tAssets announcement next week!