First-quarter earnings season officially kicked off this morning with major banks reporting. Wall Street was optimistic before the opening bell as JPMorgan (JPM), Goldman Sachs (GS) and Wells Fargo (WFC) all reported better than expected earnings. Goldman Sachs blew past analyst expectations, reporting record first-quarter net profits and revenues due to strong performance from the firm’s equities trading and investment banking units. The major U.S. benchmarks all edged higher in early trading.
Our trade alert for today features a mid-cap tech company with huge upside potential over the next 12 months.
TRUE MARKET INSIDERS:
Warning: Move Your Money ASAP
The clock just started on the biggest stock market event in twenty years. And the next couple months could determine who will become extremely wealthy in 2022 – and who won’t. [Full Story…]
Q2 Holdings (QTWO) provides cloud-based virtual banking services to regional and community financial institutions. The idea is to make it so that smaller firms can give account holders the same kind of top-flight online tools, services and experiences as the industry’s top players.
To that end, Q2 recently announced the acquisition of ClickSWITCH, which focuses on customer acquisition and retention by making the process of switching digital accounts easier. Terms of the deal were not disclosed.
Q2‘s business model and execution has Wall Street drooling over the mid cap’s growth prospects. Indeed, analysts expect the software company to generate compound annual earnings per share growth of 150% over the next three to five years, according to data from S&P Global Market Intelligence.
“In the last year, the pandemic has accelerated the digital transformation efforts and investments of the financial services industry, and we believe Q2 Holdings is well positioned to support and grow its customer base,” writes Stifel equity research analyst Tom Roderick, who rates the stock at Buy. Of the 19 analysts covering Q2 tracked by S&P Global Market Intelligence, 10 call it a Strong Buy, five say Buy and four rate it at Hold. Their average target price of $152.25 gives QTWO implied upside of almost 50% over the next 12 months or so. The company is slated to report first quarter earnings on the 5th of May.
Where to invest $1,000 right now...
Before you consider buying Q2 Holdings, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Q2 Holdings.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Jeff Bezos Just Poured $10 Billion Into This…
Not many people know this story… But in 1998, Bezos invested $250,000 of his own money in Google, when the company was just getting started out of a garage in California. When Google went public in 2004, that $250,000 investment translated into 3.3 million shares of Google stock. Nobody knows if Bezos has sold any shares. If he hasn’t, today they’re worth more than $5.6 billion.Jeff Bezos is betting big on a new trend. This time he’s planning to invest $10 billion of his own money in this exciting new trend. That’s 40,000 times more money than what he invested in Google. That’s how big he thinks this could be. [Full Story…]