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Top Stocks To Buy This Week? 3 Data Analytics Stocks To Watch

As organizations continue to scale up their operations in this digital age, data analytics stocks could be in focus.
The post Top Stocks To Buy This Week? 3 Data Analytics Stocks To Watch appeared first on Stock Market News, Quotes, Charts and Financial..

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Do You Have These Top Data Analytics Stocks On Your Focus List Right Now?

As the broader stock market continues to soar toward newer heights amidst the current pandemic conditions, data analytics stocks shine. After all, some would argue that the industry’s relevance in our data-filled world today will continue to grow over time. So much so that data analytics services could even become vital enterprise services in the future. This would mostly be thanks to the use of tech throughout most stages of conducting business. As we use the digital space to interact with companies and one another, data is being generated. For companies, this data can be a treasure trove of information that can lead to better business outcomes. As a result, I could see investors eyeing some of the top data analytics stocks in the sector right now.

To begin with, we could take a look at ad tech giant Google (NASDAQ: GOOGL). The company is one of, if not the leading name in the advertising industry today. In fact, Google saw its ad revenue surge by 69% year-over-year in its latest quarter fiscal last month. All of this adds up to a total revenue of $50.44 billion for the quarter. Through its analytical chops, the company connects businesses with their relevant audiences. Given the current scale of Google’s operations on this front, I can understand the hype around this industry.

At the same time, federal organizations continue to turn towards companies such as Palantir Technologies (NYSE: PLTR) as well. Namely, Palantir’s big data analytics expertise is actively helping governments across the globe. This would be the case from the U.K’s National Health Service to the U.S Army. With demand for data analytics services on the rise, data analytics stocks could be worth watching. Here are three to consider in the stock market today.

Best Data Analytics Stocks To Watch Right Now

Semrush Holdings Inc.

Right off the bat, we will be taking a look at Semrush. In brief, Semrush identifies as an online visibility management Software-as-a-Service (SaaS) platform. Through its services, companies across the globe can identify and reach their target audiences. Moreover, Semrush helps them to do so in the right context and through the right channels. In practice, the company’s services provide customers with the means to understand trends in data and produce actionable insights.

With all of this in mind, I could see SEMR stock being a viable play in the stock market moving forward. After all, in an age where businesses engage with consumers digitally more than ever, Semrush’s platform would be relevant. Even now, the company’s shares are already looking at gains of over 70% year-to-date. Would it be wise to invest in it now?

Well, for one thing, the company does not appear to be slowing down on the financial front anytime soon. In its latest quarter fiscal posted yesterday, Semrush saw green across the board. The company reported year-over-year surges of 58% in total revenue and 57% in annual recurring revenue. According to CEO Oleg Shchegolev, this is mostly thanks to Semrush adding new capabilities to its platform throughout the quarter. Shchegolev believes that the company’s growing active user base illustrates how these strategic enhancements further add to Semrush’s lead in the industry. Could all of this make SEMR stock a top buy for you now?

SEMR stock
Source: TD Ameritrade TOS

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The Trade Desk Inc.

Another name to consider in the data analytics space now would be The Trade Desk (TTD). For some context, TTD primarily works to empower organizations looking to buy advertising slots. In essence, it accomplishes this via a self-service, cloud-based platform. Through TTD’s platform, ad buyers can create, manage, and optimize their digital advertising campaigns across ad formats and devices. On top of that, users also have access to integrations with major data, inventory, and publisher partners through TTD’s network.

Thanks to rising ad-buying activity throughout the pandemic, TTD stock continues to gain momentum in the stock market today. Since its pandemic era low, the company’s shares are still holding on to massive gains of over 440%. Despite its current momentum, TTD appears to be kicking into high gear, bolstering its current offerings. As of late last month, the company is now working with Conviva, an intelligent cloud for streaming media software firm. Through this partnership, the duo is looking to help premium publishers supply programmatic buyers with better contextual advertising solutions. The likes of which focus on streaming ad campaigns in particular. Given the latest cord-cutting trends among consumers, this would be a strategic play by TTD.

If all that wasn’t enough, the company also reported stellar figures in its second-quarter fiscal posted earlier this week. In detail, TTD reported a total revenue of $280 million for the quarter, marking a 101% year-over-year increase. Furthermore, the company also posted solid year-over-year jumps of 90% in net income and 100% in earnings per share. With TTD seemingly firing on all cylinders now, will you be investing in TTD stock?

TTD stock
Source: TD Ameritrade TOS

[Read More] 4 Artificial Intelligence Stocks To Watch Right Now

Magnite Inc.

Next, we have Magnite. For some context, the California-based company is a leading name in the online ad tech industry today. In fact, it is the largest independent sell-side ad platform globally, by Magnite’s calculations. For the most part, publishers use the company’s services to monetize their content across a massive array of screens and formats. This includes but is not limited to connected TV (CTV), online video, and display. Similar to our previous entry, Magnite would stand to benefit from the rise of CTV trends now.

If anything, investors appear to be well aware of this. This is evident seeing as MGNI stock is now up by over 320% in the past year. On the topic of CTV, Magnite does not appear to be resting on its laurels just yet. In its recent quarter fiscal report last week, the company saw its CTV revenue grow by 108% year-over-year on a pro forma basis. Additionally, Magnite also posted massive year-over-year leaps of 170% in total revenue and 194% in net income.

Overall, CEO Michael Barrett had this to say, “I’m very pleased with the Company’s recent performance. We closed two very strategic acquisitions, SpotX and SpringServe, and delivered strong growth across all channels, on both our legacy platform and the newly acquired business.” Moving forward, Barrett also believes that Magnite is well-positioned to better serve the booming CTV market as well. Would all of this make MGNI stock worth investing in for you?

MGNI stock
Source: TD Ameritrade TOS

The post Top Stocks To Buy This Week? 3 Data Analytics Stocks To Watch appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Government

Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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International

Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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Government

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While “Waiting” For Deporation, Asylum

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several…

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several months we've pointed out that there has  been zero job creation for native-born workers since the summer of 2018...

... and that since Joe Biden was sworn into office, most of the post-pandemic job gains the administration continuously brags about have gone foreign-born (read immigrants, mostly illegal ones) workers.

And while the left might find this data almost as verboten as FBI crime statistics - as it directly supports the so-called "great replacement theory" we're not supposed to discuss - it also coincides with record numbers of illegal crossings into the United States under Biden.

In short, the Biden administration opened the floodgates, 10 million illegal immigrants poured into the country, and most of the post-pandemic "jobs recovery" went to foreign-born workers, of which illegal immigrants represent the largest chunk.

Asylum seekers from Venezuela await work permits on June 28, 2023 (via the Chicago Tribune)

'But Tyler, illegal immigrants can't possibly work in the United States whilst awaiting their asylum hearings,' one might hear from the peanut gallery. On the contrary: ever since Biden reversed a key aspect of Trump's labor policies, all illegal immigrants - even those awaiting deportation proceedings - have been given carte blanche to work while awaiting said proceedings for up to five years...

... something which even Elon Musk was shocked to learn.

Which leads us to another question: recall that the primary concern for the Biden admin for much of 2022 and 2023 was soaring prices, i.e., relentless inflation in general, and rising wages in particular, which in turn prompted even Goldman to admit two years ago that the diabolical wage-price spiral had been unleashed in the US (diabolical, because nothing absent a major economic shock, read recession or depression, can short-circuit it once it is in place).

Well, there is one other thing that can break the wage-price spiral loop: a flood of ultra-cheap illegal immigrant workers. But don't take our word for it: here is Fed Chair Jerome Powell himself during his February 60 Minutes interview:

PELLEY: Why was immigration important?

POWELL: Because, you know, immigrants come in, and they tend to work at a rate that is at or above that for non-immigrants. Immigrants who come to the country tend to be in the workforce at a slightly higher level than native Americans do. But that's largely because of the age difference. They tend to skew younger.

PELLEY: Why is immigration so important to the economy?

POWELL: Well, first of all, immigration policy is not the Fed's job. The immigration policy of the United States is really important and really much under discussion right now, and that's none of our business. We don't set immigration policy. We don't comment on it.

I will say, over time, though, the U.S. economy has benefited from immigration. And, frankly, just in the last, year a big part of the story of the labor market coming back into better balance is immigration returning to levels that were more typical of the pre-pandemic era.

PELLEY: The country needed the workers.

POWELL: It did. And so, that's what's been happening.

Translation: Immigrants work hard, and Americans are lazy. But much more importantly, since illegal immigrants will work for any pay, and since Biden's Department of Homeland Security, via its Citizenship and Immigration Services Agency, has made it so illegal immigrants can work in the US perfectly legally for up to 5 years (if not more), one can argue that the flood of illegals through the southern border has been the primary reason why inflation - or rather mostly wage inflation, that all too critical component of the wage-price spiral  - has moderated in in the past year, when the US labor market suddenly found itself flooded with millions of perfectly eligible workers, who just also happen to be illegal immigrants and thus have zero wage bargaining options.

None of this is to suggest that the relentless flood of immigrants into the US is not also driven by voting and census concerns - something Elon Musk has been pounding the table on in recent weeks, and has gone so far to call it "the biggest corruption of American democracy in the 21st century", but in retrospect, one can also argue that the only modest success the Biden admin has had in the past year - namely bringing inflation down from a torrid 9% annual rate to "only" 3% - has also been due to the millions of illegals he's imported into the country.

We would be remiss if we didn't also note that this so often carries catastrophic short-term consequences for the social fabric of the country (the Laken Riley fiasco being only the latest example), not to mention the far more dire long-term consequences for the future of the US - chief among them the trillions of dollars in debt the US will need to incur to pay for all those new illegal immigrants Democrat voters and low-paid workers. This is on top of the labor revolution that will kick in once AI leads to mass layoffs among high-paying, white-collar jobs, after which all those newly laid off native-born workers hoping to trade down to lower paying (if available) jobs will discover that hardened criminals from Honduras or Guatemala have already taken them, all thanks to Joe Biden.

Tyler Durden Sun, 03/10/2024 - 19:15

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