Stock Picks
It’s a new month filled with new opportunities and just to make thing easier, our new stock additions are off the hook. Here at EasyResearch we will be honing our gaming SKLZ this week, while working on our TAN while defying Gravity (GRVY), check it out!
EasyResearch looks at 3 stocks to get your week going!
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Skillz Inc. (SKLZ)
Honing your gaming skills and competing professionally have become even easier with, Skillz, the online mobile multiplayer competition platform. Skillz is one of the first mobile e-sports platforms that hosts and connects gamers around the world and the company is also backed by Liberty Global Ventures. The company listed as part of a Special purpose acquisition company (SPAC) merger end of last year, has a market cap of $10.21B with low short interest at 2.36%.
With global gaming and e-sports tournaments generating huge amounts of turnover, the company’s forward earnings could see upside. The company is also a constituent of the Ark Next Generation Internet ETF which should see more inflows over the coming months.
Invesco Solar ETF (TAN)
Working on your “TAN” will be much easier with this renewable energy heavy weight which has seen over $2 billion cumulative funds flow over the last year. The Exchange Traded Fund (ETF) invests in renewable electricity producers, solar energy to name a view and has $5.05B AUM. The ETF boasts with a 232% return over the last year which could see a short-term pullback, but the long-term outlook should be favorable for renewable energy.
The ETF has around 38 constituents which include Enphase Energy, Inc., SolarEdge Technologies, Inc., Sunrun Inc, SunPower Corporation, Daqo New Energy Corp. and First Solar Inc.
Gravity Co Ltd (GRVY)
Online gaming and Gravity Co. Ltd has defied “gravity”, no pun intended. The company has seen significant growth in its share price with a return of 414% over the last year. Gravity Co. Ltd develops, publishes, and distributes online games in Asian and the rest of the world.
The stock is up around 44% over the last three months as the company reinvested heavily into its business which has paid dividends for the company. It is still relatively small with a market cap of 1.25B and extremely low short interest of 0.33%.
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Informed decisions
The world is changing at an alarming rate which should see the stocks selected do very well over the long term as renewables and gaming become start to boom.
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Read: 9 Aussie stocks to grow your 2021 portfolio.
Sources – EasyResearch, SeekingAlpha, Koyfin, Yahoo finance, Wikipedia.
Take note: stock data was taken on 01/02/2021 before the US market open.
Follow Barry Dumas
@BEEF_FINMARKETS
Barry is a market analyst with GT247, with a wealth of experience in the investment markets. Now in his tenth year in the markets, Barry "The Beef" Dumas brings a combination of technical analysis and fundamental insights to the table.