Visionaries, Sleeper Fund & The Police State
A lot of folks did very well when I was picking stocks at the AllAllan blog, so for old times sake, let's mix things up this weekend with three stocks worth looking at from an outside-the-box point of view.
Tesla (TSLA) and Ark Innovation Fund (ARKK)
I have made no secret of my belief that Elon Musk, with his Space X and Tesla, is the visionary of our time, just as it was Bezos and Amazon in the 2000's and Jobs with Apple in the 1990's. If you include Buy & Hold stocks in your account(s), there is no other stock on the board that I like better for a 5 year investment horizon than Tesla. The stock is also the number one largest holding of a little noticed stock ETF, Ark Innovation Fund (ARKK), which is up 65% in the past 12 months. What do they know that the Tesla/Elon Musk haters don't? How about how to make money in the stock market.
ARKK is a great, and diversified way to own TSLA, as it is its largest single holding (7.7%), and along with SSYS, NTLA, TWTR and ILMN make up close to one-third of Ark's portfolio.
Axon Enterprise (AAXN)
I found Axon literally in my own backyard, just about 5 miles up Scottsdale Road. They make tasers, body cameras and basically all things "police state." Nonetheless, a Wave 5 Buy Signal (see below) is a Wave 5 Buy Signal. This trade sports a 1:4 risk:reward profile (stop @ $55). Ethical investors beware that the company does feed off of mayhem in the streets...but some might argue in a good way. Option traders can look at the Dec $65 calls, trading at about $8.50 and worth $35 if AAXN hits its EW target by December.
For those who remember, AllAllan was created in 2004, way before Blue Line Trading, and AllanTrends before that. It was my attempt at a free-flowing stream of consciousness focused mostly on making money in the stock market, with occasional muses on the state of life, love, and the pursuit of happiness. I needed an outlet, a place share ideas where the only cost of admission was having to sit through one of my occasional rants, whether it be about Jim Cramer, a newly ex-girlfriend, or the idiot next door. AllAllan was it, and I miss it, so I'm bringing it back starting right here and now with Visionaries, Sleeper Funds & The Police State.
Comments are welcome, with (very loose) moderation, because there are some uncouth savages out there...like that idiot next door.