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Personal areaGrowth stocks are back on track. If the values stocks were in favor during the first quarter as US Treasury yields rose, now growth stocks have come forward as yields pulled back.
We don’t want to over-hype, but probably Virgin Galactic (SPCE) is one of those companies that have a huge potential to grow. Word is, it may increase its current value 10 times. What is the reason? The company is engaged in one of the most promising industries of the future: space tourism. The stock has already doubled over the past two weeks, since its successful test flight. Investing now in space stocks today is the same thing as investing in internet stocks back in the 1990s. Think about it.
By the way, its founder is Richard Branson, the famous business magnate. He is the main competitor of Jeff Bezos (the ex-CEO of Amazon), the founder of another space company – Blue Origin. Both men are trying to be the first ones to fly to space.
This stock is engaged in top market trends: e-commerce, streaming, cloud computing, and even artificial intelligence. Almost every investor has a bullish forecast on Amazon. It’s really hard to find any negative predictions about this company as there are no reasons for this company to fall. Actually, yesterday it skyrocketed to a one-month high!
Good news is coming and coming from Tesla. First, the company reported that the electric vehicle’s delivery numbers in China bounced back in May after poor numbers in April. It encouraged investors. Second, Elon Musk has just presented its fastest car: Model S Plaid. It goes from 0 to 60 mph (96.65 km/h) in under 2 seconds! This news has added tailwinds to Tesla.
Apple is catching up! The company may soon become a serious competitor to Tesla as it has started working on Apple’s car project. Besides, it has recently hired Ulrich Kranz, a former senior executive at BMW who focused on electric cars. Since all Apple’s products have perfect quality, their car is going to be revolutionary.
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