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5 NFT Stocks to Capitalize Off the Digital Craze

These NFT stocks make it a lot easier to capitalize off the growing popularity of NFTs rather than trying to hunt for the next big artist to break out.
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When non-fungible token (NFT) sales cracked $2 billion in the first quester of 2021, the running consensus was the bubble was about to burst. Then sales continued to rise. And growth isn’t slowing down just yet. That being said, NFT marketplaces can be difficult to navigate. And even harder to spot a good deal. However, you don’t have to be an art aficionado to make money from NFTs. In fact, you don’t even need to invest in actual NFTs. That’s what these NFT stocks are for.

First off, let’s start with the basics. NFTs can cover a wide range of digital assets. Among the most notable are of course the digital collage by Beeple, which sold for $69 million at a Christie’s auction. But they can just as easily be video clips, music, sports collectibles or even video games. The key point here is that the NFT data is stored on a digital ledger. And that ledger certifies that the NFT in question is indeed unique. That’s the key here. Some folks are willing to shell out big bucks for the authenticated version. But the screenshot or audio-ripped copy, not so much.

Now onto the companies poised to make a big splash in the NFT space…

If you happen to find the next big NFT artist, good for you. But figuring out which 12-year-old coder is making a splash before the news gets out is a needle-in-a-haystack mission. But now that Wall Street has seen that there’s money to be made in NFTs, it’s a lot easier to figure out what NFT stocks are in the best position. Especially since there are much fewer of them.

However, even though there are dozens of companies making a play in the NFT space, some are in a better position than others.

The Five Best NFT Stocks Available Now

  • Funko, Inc. (Nasdaq: FNKO)
  • DraftKings, Inc. (Nasdaq: DKNG)
  • Mattel, Inc. (Nasdaq: MAT)
  • Cloudflare, Inc. (NYSE: NET)
  • Twitter, Inc. (Nasdaq: TWTR)

Funko, Inc.

If you know Funko, it’s probably for its licensed pop culture collectibles. This relatively new company (founded in 2017) has proven to be agile among uncertainty in the markets. And with its foray into NFTs, it’s looking to continue that model. Second quarter revenue is up more than 140% year-over-year. And the company is looking to continue that trend.

“Our teams delivered the largest top line quarter in Company history,” said Funko CEO Brian Mariotti. “Second quarter net sales more than doubled versus a year ago and also eclipsed 2019 levels, reflecting broad-based strength across our products, channels and regions.”

The more pertinent news here though is that Funko acquired a majority stake in the NFT holding tracker, TokenWave this year. And it’s also launched a line of NFTs, called Funko Digital Pop! The packs start at just $9.99 a piece. They are currently available for purchase though the WAX platform – a decentralized entertainment network.

Funko had been a hot stock, even before it entered into NFT territory. But this additional revenue stream makes it a one of the most promising NFT stocks out there to date.

DraftKings, Inc.

When DraftKings finally went public last year, investor took note. And for good reason. At the time of the DraftKings IPO, it held a 60% share of the sports betting market. It offers fantasy sports, regular sports betting and iGaming to its customers. And like Funko, its year-over-year revenue numbers have increased dramatically. In the second quarter revenue was up an impressive 297%. Meanwhile, net losses were down 51.8%. Things are looking good for DraftKings as an investment in general.

But what makes it one of the best NFT stocks is the recently introduced DraftKings Marketplace. Here, collectors can buy and sell digital collectibles. It’s something akin to baseball card collecting… but without the physical cards. And we already know there’s a big market for this. When the Chicago Bulls launched its first NFT collection, it sold out in 90 seconds. If DraftKings early foray into NFTs allows it to corner the market on sports collectibles, it will surely earn its spot as one of the best NFT stocks money can buy.

Mattel, Inc.

Next up is one of the biggest household names in the toy market. Over the years, Mattel has been responsible for bringing iconic toys like Barbie, Hot Wheels, American Girl and (a personal favorite) UNO to the market.

But Mattel isn’t sitting back and resting on its laurels. The company has been somewhat quietly, but successfully launching NFTs based on some of the company’s most iconic brands. This shows that the company is making strides to connect with current market trends, while innovating and updating the way it connects with its customers.

Mattel already has seen strong sales numbers of late. Partially due to stuck-at-home parents buying toys to keep their little ones entertained. The company logged net sales of more than $874 million in the first quarter. And interestingly, Barbie sales shot up an impressive 87% year-over-year. If the company chooses to capitalize off of the popularity of its Barbie line and introduce a Barbie NFT, that has the potential to be a major catalyst event. Realistically, it should only be a matter of time before we see a Barbie NFT. But when we do, Mattel will surely be one of the best NFT stocks on this list.

Cloudflare, Inc.

In seemingly no tie at all, CloudFlare has risen to be one of the most valuable tech companies out there. Even if it’s not quite a household name. Its market cap has nearly doubled since the start of the pandemic. And it continues to have momentum on its side.

CloudFlare’s bread and butter is its cloud computing platform. This includes high level security solutions for both public and private cloud services. It also offers an array of business performance tools. It provides packages for content delivery, software development kits, website development, analytics tools and a whole bunch of other stuff.

But the reason CloudFlare is on our list of the best NFT stocks is because it recently announced that CloudFlare Stream (its video sharing service) supports NFTs. For the uninitiated, CloudFlare Stream’s strong suit is that it speeds of the delivery of streaming video. It’s also a cheaper method than many other competitors. But now, creators using this platform can actually embed NFTs into their videos.

This can allow those creators to more efficiently deliver their videos via the internet… while also affirming ownership rights of that video. It’s a much more efficient way to maintain copyright on content than currently exists. And if it catches on, it could become the gold standard for content creators to share videos. So as long as CloudFlare stays ahead of the pack here, it remains one of the best NFT stocks you can get your hands on.

Twitter, Inc.  

By far the biggest company on this list – at least in terms of market cap – Twitter probably isn’t the first company you think of when you think of NFTs. But one day, it might be.

Of course, it will probably always be best known as the microblogging site where people can talk smack to each other… And occasionally share useful information. But this year, CEO Jack Dorsey testing the NFT waters and sold his first tweet as an NFT for a ridiculous $2.9 million. And that seemingly set the wheels in motion. Not long after that, Twitter announced it would be in the NFT-making business. The announcement, naturally, came via a tweet:

Furthermore, other celebrities have been experimenting with monetizing their tweets in the form of NFTs. Mark Cuban sold one of his tweets on Valuables for 0.56 Ethereum. If nothing else, Twitter is earning an interesting place in the NFT market. And if it catches on, Twitter could play a key role in the collectability of NFTs. And that makes Twitter one of the best NFT stocks available to date.

The Bottom Line on NFT Stocks

NFTs have the potential to be one of the most disruptive technologies since the introduction of blockchain. And they are quickly gaining more and more traction. Just take a look at this chart, for example:

Chart showing NFT Sales on OpenSea

The beginning of 2021 saw a rapid rise in interest from collectors. And that interest is nowhere near tapering off. That’s why these NFT stocks hold so much promise.

However, if you’re looking for additional ways to play the crypto space, we suggest signing up for Manward Financial Digest. In it, crypto expert Andy Snyder helps guide investors towards the most promising next-generation cryptocurrencies in a position to outpace the gains of legacy cryptos like Bitcoin and Ethereum. And all you have to do to learn more is enter your email address in the box below.

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Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

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They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

More Tech Stocks:

Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

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Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

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There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int


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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

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