New chip holds monopoly in $7 Trillion market (Not Nvidia)
Sponsored
Nvidia may hold a monopoly in the AI chip industry… But there's another company with a chip monopoly that has nothing to do with AI… And believe it or not… This little known company could generate Nvidia sized gains for those who get in early. Do you see this chip right here?
It might not look like much… But that chip is set to revolutionize a $7 Trillion industry in the next few years. According to Bill Gates… “This is as revolutionary as the personal computer, the Internet, and the mobile phone.” And there's one tiny company who holds the patents to this groundbreaking innovation… Click here to get all of the details.
By KIMBERLEY KOENIG, Investors.com
Booz Allen Hamilton (BAH) is Monday's IBD 50 Growth Stocks To Watch pick as the stock sits in a buy zone of a flat base. The artificial intelligence company serves the U.S. military.
The company boasts that it's the largest provider of artificial intelligence services to the U.S. government, using AI technologies and machine learning.
The 110-year-old company serves the U.S. Air Force, Army, Marine Corps, Navy and Space Force and U.S. intelligence agencies. In addition, Booz Allen provides services to health care, financial and energy government agencies.
The company received 98% of its fiscal 2024 revenue from U.S. government contracts.
“We believe that the U.S. government is the world's largest consumer of management consulting and technology services,” the company said in its 10-K SEC filing.
“As we report the company's best performance since going public, our VoLT strategy continues to create outstanding value for our employees, clients, and investors,” said Horacio Rozanski, president and CEO, in the fiscal fourth-quarter earnings release.
BAH's VoLT stands for velocity, leadership and technology in the process of transformation.
The company ranks No. 2 out of 30 stocks in the consulting services industry group. The group moved up to No. 38 from No. 51 four weeks ago.
AI Defense Stock Holds In Buy Zone
The AI stock broke out of a flat base with a 150.59 buy point on May 6. Shares have traded sideways and remained mostly in the 5% buy zone, which reaches to 158.12, according to MarketSurge pattern recognition.
Shares gapped up 4% and reached a record high on May 24, after the company topped fiscal fourth-quarter adjusted earnings and sales estimates. The AI stock found support at its 50-day moving average, which helped keep it in the buy zone.
**************************
Millionaire Traders Weekend Secret
For most Americans, the weekend is a time we all SPEND money, not earn it.
But Tim Sykes has uncovered a strategy that's helped him MAKE $8,780, $9,518 and even $16,159 on the weekends*…
All thanks to a strange market phenomenon most traders don't know about.
**************************
Profit And Sales Forecasts Show Steady Growth
The company's March-ended quarter's profit grew 32% for a second straight quarter. Sales increased 13% and 14% in the same periods. In the latest quarter, it reported an 8.4% increase in total backlog to $33.8 billion.
The company guided for fiscal 2025 adjusted earnings-per-share to rise to a range of $5.80 to $6.05, with revenue growth of 8% to 11%.
FactSet forecasts call for 4% earnings growth in its fiscal first-quarter then 21% and 5% in the following two quarters. Sales growth is projected in the 10% to 11% range over the next four quarters. Full-year fiscal 2025 earnings per share estimates show 10% growth then 11% in fiscal 2026.
The company holds a 4 out of 99 Earnings Stability factor, where lower numbers mean more stability. Booz Allen Hamilton stock holds a 96 out of 99 IBD Composite and Earnings Per Share Ratings.
I Called Bitcoin in 2013. Here's Why I Don't Own Any Now
Sponsored
Bitcoin was trading for around $100 when I first called it in 2013. It made headlines on CNBC. And yet, most people didn't buy it. You're probably one of them. If you missed out, don't worry. Because 2024 is set to be Bitcoin's biggest year yet. I predict it could rise another 500% in the next couple of years alone. But before you run out and buy it… You should know there's a much better investment you should made before Bitcoin soars to the stratosphere. It's why I personally don't own any Bitcoin today. But you must hurry. For reasons that are about to become clear, you need to take action before April 22. To see why, click here.
