This cash cow continues to print
Aug 23, 2021Good morning!
Big news and bigger moves – there is no shortage of risk but, importantly there is plenty of opportunity!
Here’s my playbook.
1 – Morning Fed Buzz tells me traders are placing their bets
The buzz is that the Fed may be more dovish than ever at Jackson Hole because of what the Delta Variant could mean to the economy and what Afghanistan could mean to Biden’s stimulus plans. That’s why the major averages are up … because traders are betting the taper tantrum gets pushed down the road a piece.
My own take is that Powell simply doesn’t want to rock the boat at this week’s virtual Jackson Hole but, instead, will continue to talk, talk and talk some more to get everybody ready for September when the real fireworks start.
A taper tantrum should be NO surprise.
2 – Pfizer receives full FDA approval and makes a key acquisition
No surprise, Pfizer has received full approval for its Covid shot and the US will begin rolling out booster shots next month. More significantly though, the company announced a $2.3 billion acquisition this morning … Trillium Therapeutics, a relatively young company that develops blood cancer therapies.
This adds to Pfizer's already huge oncology portfolio of 24 approved drugs that are growing ~20% YoY in revenue.
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The blood cancer market is worth $39.9 billion in 2020
Do you know which companies to buy? There is tremendous industry consolidation underway. The addressable market could be 3-5 million people a year over the next decade. It’s a no-brainer with the right perspective – and the One Bar Ahead™ Family already owns one other big player in the space.
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3 – Bitcoin retakes $50k
It’s been rough sledding, but Bitcoin broke $50,000 again for the first time since May. There’s still a long way to go to take out last April’s high of $64,829 but this is welcome news. If you don’t own at least a little, I’d urge you to rethink that premise. Same for Ethereum.
4 – This stock just took out my target (again)
Microsoft has announced that they will be raising Office 365 business subscriptions in 2022 – the first major price change since 2011 when it was launched. Some people will be shocked, but it’s a tale as old as time, really.
Get the customers. Become an irreplaceable part of their lives. Make it so that leaving becomes prohibitively expensive. Raise prices.
Do the same for big data, AI and every business segment on offer.
The cash cow continues printing!
5 – This company ignored 53 million reasons to take data seriously
This is more disgusting by the minute … more than 53 million T-Mobile customers have now apparently been impacted by the latest cyber attack and the company has offered a free 2-year subscription to McAfee’s ID Protection services as a pacifier.
IMHO … regulators should forget about going after big tech and, instead, prioritize consumer data protection, realign the credit reporting agencies, and concentrate on actually productive business regulation.
Bottom Line
There’s no shortage of profit potential, just a shortage of people thinking BIG enough!
You got this – I promise!
As always, MAKE it a great day.
Keith
