Stocks fell as Treasury yield rates rose after the September jobs report showed continued strength in employment, despite the Fed’s attempts to stave off inflation by slowing the economy with rate hikes. The major indices were lower in early trading after a negative previous session but were still on track for their best week since June, with gains of around 4% since Monday.
Today we’ve got our eyes on a developing story from the tech sector with solid potential for steady growth over the next five years. If investors should be greedy when others are fearful, now may be a great time to scoop up shares of this enterprise software provider.
A company with 400 million ‘patents’
One company has quietly compiled more than 400 million official trade secrets.
Trade secrets are like patents in that they protect valuable and proprietary information…
But unlike patents, trade secrets take less time to register… and more importantly, they never expire.
Which is a huge advantage for this little-known company.
You see, this company is using these trade secrets to build the world’s largest “codebase,” which will bethe key to it becoming “America’s Next Big Monopoly.”
Not surprisingly, Wall Street is starting to take notice. And the smart money is already pouring in.
Tech investor Cathie Wood has invested over $80 million already, and Microsoft founder Bill Gates has invested as well.
Get the details here before this story hits the mainstream media.
Israel-based Nice Ltd. (NICE) is a provider of enterprise software with more than 27,000 customers (including 85% of the Fortune 100) from 150 countries. Its operating segments consist of Customer Interactions Solutions and Financial Crime & Compliance Solutions. Over the past year, the company generated $2.0 billion in revenue, approximately $1.1 billion was cloud-based revenue. Over the past three years, the company’s revenue grew 22.3% from $1.57 billion in 2019 to $1.92 billion in 2021. In terms of profits, its operating profit rose 10.6% to $263.9 million from $238.7 million a year earlier.
Building on the stellar growth, the company reiterated its ambitious targets when it unveiled its NICE3D strategic plan during its recent investors day event. The company outlined its updated financial goals through fiscal 2026, headlined by 30%+ operating margins and double-digit revenue growth. Nice currently trades at 6.51x sales, considerably less than its main competitor Five9, which presently trades at 8x sales.
The current consensus among 12 polled analysts is to Buy NICE. A median price target of $269.48 represents an increase of 33.71% from Thursday’s closing price.
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Where to invest $1,000 right now...
Before you consider buying Nice, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Nice.
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?
Click here to watch his presentation, and decide for yourself...
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.
Click here to find out the name and ticker of Keith's #1 pick...