الخميس، 20 يونيو 2024

This steady stock has huge growth potential

I see huge growth from one of the steadiest stocks around
 
   
     
   
 
JUNE 20, 2024
   
TUCCI’S TWO CENTS
Why I Think Progressive Will Hit $300 Over The Next Two Years
 

Progressive (PGR) is best known for its catchy commercials commonly featuring Flo and Jamie. Now, while they have certainly made whoever “Flo” actually is wealthy over the last decade, their stock has made a lot of other people wealthy as well.

And I have an extremely high degree of confidence in Progressive. In fact, I expect it to continue its meteoric rise and climb to $300+ a share in the next 2 years or so. Currently, PGR is trading at right around $210 a share.

Progressive is the poster child for consistent, stable, and steady growth. In fact, I think it’s one of the steadiest stocks on the planet. One of their “superpowers” is that they are able to generate the majority of their revenue from government-mandated insurance policies so that regardless of economic situations that revenue is pouring in.

We have a plethora of government insurance requirements — almost every state in the US requires a driver to have car insurance. Literally, every state other than New Hampshire and Virginia requires car insurance.

Bodily injury car insurance is needed in every state except Florida, property damage insurance is required in all states, plus Washington, D.C., and Uninsured motorist insurance is required in about half of the states.

People will always have cars, boats, and houses (at least for the next 2 years until AI takes over ;) ). And as long as people have mortgages, and loans, which have insurance requirements… Or want to drive their cars legally on the road, they will have to pay their premiums no matter what economic conditions are present.

And with Progressive’s savvy marketing, household name, and focus on affordability and bundling, they are positioned to continue growing in an ever-broadening and international economy like ours.

What people may not realize (a sneaky win for PGR) is that the world is getting safer. It always feels more dangerous because we hear so much negative news from around the globe in our constant news cycle.

Whether it’s a tornado in South America, a cruise ship wreck in Australia or a contagion spreading in Asia… Our 24-hour, information-overload, share-the-worst-news-possible environment breeds feelings of fear.

But that’s not all — there two other reason this stock has huge growth-potential…

— Nate Tucci

 
 
Unlock the Secret of “NVDA's Baby Brother”!

When Wall Street pours money into options, you can bet they’re not trading blindly!

But for most mainstream traders, this Wall Street activity remains hidden from view… Until now!

Jack Carter’s unique options scanner has just spotted a HUGE flood of cash pouring into what he calls “NVDA’s Baby Brother”!


Don’t miss out — get all the details here!
PROSPERITY PUB MARKET TALK
The Biggest In The Land (NVDA)
 

Just over 48 hours ago, NVIDIA (NVDA) overtook Microsoft (MSFT) to become the world's second most valuable company​​

This incredible valuation means NVIDIA is now worth more than the entire stock market value of major European countries like Germany, France or the U.K.

The company has seen explosive growth, driven largely by its advancements in AI technology and data centers, with its GPUs being essential for AI training and machine learning.

NVIDIA's financial performance has been stellar, consistently delivering strong revenue growth and outperforming other American chipmakers like Intel and AMD​.


What's Next for This High-Flying Stock?

Opinions on NVIDIA's future are divided among experts.

On one hand, our own Jack Carter is highly bullish on NVDA.

He recently launched a service that leverages the stock to target high growth and income.

He compares the AI boom to historic events like the gold rush of 1849 and the internet boom of the late '90s.

He tells us this trend is unlike anything he’s seen in his 40 years of trading and sees tremendous potential in NVIDIA's future.

On the other hand, our own Jeffry Turnmire takes a more cautious stance.

He warns that NVDA’s rapid rise might be indicative of a bubble, drawing parallels to Cisco (CSCO) during the DotCom era.

Cisco experienced a similar surge towards the end of its monster run in 2000, briefly topping Microsoft to become the biggest company in the land… only to crash dramatically during the DotCom bust.

Jeffry reminds us that nearly a quarter of a century later, it still hasn't come anywhere close to its peak value.

He explains that bubbles are often only apparent in hindsight.

So, what's next for NVIDIA? Will the AI boom sustain its momentum, or are we on the brink of DotCom Bust-style AI crash?

Only time will tell, but both Jack and Jeffry agree on one thing: smart investors will keep their eye on the market’s pulse and trade with caution.

— The Prosperity Pub Team

 
   
 

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