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These 3 Tech Stocks Closed Last Week Strong

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At the beginning of last week, we saw some tech stocks muscle their way to the top, and try to stay there. Did they succeed? Time will tell.

But in the meantime, here are some of the biggest gainers by the end of last week—including one that soared to a 52-week high.

Autodesk Soars Over 15%

Shares of digital design company Autodesk [ADSK] rose 15.3% to clinch their biggest high, to close at $157.20. Autodesk announced its quarterly results and reported revenue of $611.7 M, a rise of 22% year-over-year and $6 M above the company’s guidance of $606 million.

Autodesk’s adjusted earnings were $0.19 per share, easily beating analyst estimates of $0.16 and way more than earnings loss of $0.11 reported in the prior-year quarter. This earnings beat drove Autodesk’s stock higher.

Autodesk shares have been on a tear this year as they have risen close to 50% in 2018. Analysts continue to remain bullish on the stock and have raised their 12-month price target for Autodesk.

Investment banks such as J.P. Morgan [JPM], KeyBanc Capital Markets, Credit Suisse, Griffin Securities and Canaccord Genuity have all raised price targets on Autodesk. The company is still trading at a discount of 27% to its high analyst price target of $200.

Splunk Stock Rises On Earnings Beat

Shares of software and cloud solutions company Splunk [SPLK] rose 15% on August 24, to close at $123.69. Splunk announced its fiscal second-quarter 2019 results and reported revenue of $388.3 M, a stellar rise of 38.6% year-over-year.

Earnings per share were $0.08, 60% higher compared to analyst estimates of $0.05. Splunk signed over 550 new enterprise customers in Q2 and expanded relationships with Automated Data Processing [ADP], Southwestern Energy [SWN] as well as the US Department of Defense.

Splunk has benefitted from the ongoing digital transformation of enterprises. Analysts expect the company to experience robust revenue growth in fiscal 2019 where sales are expected to rise close to 30% year-over-year coupled with earnings growth of 71%.

Though the stock is trading close to its all-time high, analysts remain optimistic as 74% recommend a “buy” and 26% recommend a “hold”. There are no sell recommendations. Splunk shares have risen close to 50% this year.

AMD Continues Its Stellar Run As Stock Rises 7.6%

Shares of semiconductor company Advanced Micro Devices [AMD] rose 7.6% on August 24, to close at $23.98. AMD’s stock rose as analysts became more optimistic about the firm’s market share gains post quarterly results in July.

While Intel [INTC] continues to struggle in the chip manufacturing process, analysts are betting on AMD to leverage this opportunity and gain market share.

Research firm Cowen expects AMD to win big in terms of business acquisition with cloud computing vendors. AMD’s price also rose 6.7% on August 23 as well after Rosenblatt Securities raised its price target from $27 to $30.

AMD’s stock has been a blockbuster investment as shares have risen significantly over the last few years. Shares rose close to 300% in 2016 and were range bound in 2017. However, the stock has risen by 133% in 2018.

AMD’s stock was trading at $2.87 at the end of 2015 and are expected to reach close to $30 over the next 12 months. With revenue growth estimated at 25% and earnings growth of 171% in 2018, AMD will most likely continue to outperform markets.

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Business

How Big Real Estate Moguls Avoid Taxes (And How You Can, Too) 👀

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I was looking around Google for an old article on tax strategies and this five-year old video of myself happened to pop up.

I’m interviewing a tax expert about how real estate investors avoid paying taxes in perpetuity—AND how everyday citizens can do the same thing.

(Real estate—our TEMPLE I and TEMPLE II projects included—has a number of tax benefits savvy investors have capitalized on for years, including Opportunity Zone breaks and 10-year tax abatements.)

There’s the 1031 exchange, of course, which I’ve shared with you guys before. 

Just to refresh your memory, the 1031 Exchange allows you to roll over gains from your last project into a new property TAX FREE—as long as said property is worth the same or more.

But there’s ANOTHER TAX LOOPHOLE that can take your portfolio to an entirely new level by splitting your capital gains into MULTIPLE properties.

So I thought I’d share it with you guys. 💎

You can check it out here.

Let me know what you think. 😎

PS: In our next update, I’m going to break down how real estate moguls get paid from their properties…tax free. 👀
PPS: If you want to learn how to implement generational wealth strategies like this one, you can join our NYCE wealth academy (TRIBE U) here.

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Business

How I run a $300M+ business from the beach…(and how you can TOO!)

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Yes, you read that right.

If there’s anything the pandemic taught us, it’s that the paradigm of “office” and “workspace” has been shaken to its CORE.

Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. 📲

This is my office for the day…

I am actually running our business from the beach, typing this from here.

It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.

(And the team will continue to crush it while I’m asleep. That’s the 🗝)

So how did we get here? 

We launched NYCE and our mission to create 100,000 millionaires in March, 2020…just as the global COVID-19 lockdown happened. 😳

As a result, we shut down our main office and set EVERYTHING up to run remotely…

SMOOTHLY! And a system that allows us to outperform competition by 200%. (You can build this system, too. More on this in a second.)

Here’s what we were able to do since then:

  • Gained 6M+ followers across all platforms 📈
  • Add 1500+ new apartments to the portfolio 🤑
  • Grow to $300M in real estate 🚀
  • 105% investor returns 🎉
  • 700K+ community members 🤝

And here’s the best part…

Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.

This means we get 3x the productivity of a similar company. 🔥

Let me repeat that…3x PRODUCTIVITY vs. our competitors.

Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.

There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.

All the while giving YOU GUYS wealth hacks and daily content. 🔥

OK, so how can you do it?!

Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.

MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! 🗝🗝🗝🗝

(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)

One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)

Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.

I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. 💵 💎

From what software to use, how to build a team, how to keep.

In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…

Let’s get to work. 🙌

PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshop that will help you get this process started on the spot. It’s $479 $49. 🔥

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Money

CHART: How Blockchain Powers Bitcoin

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Blockchain, Bitcoin. Bitcoin, blockchain.

The two terms go hand in hand—and have become almost ubiquitous with this year’s insane rise (and fall) of Bitcoin.

But what does it all really mean? How does it come together? In this week’s chart, our friends at CB Insights break down exactly how blockchain powers Bitcoin.

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