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PINS, GM, and SRAC


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RECAP OF LAST WEEK AND RESULTS:


Nio: Nio went from $38.80 to a high of $46. Our sentiment was correct and it reached our monthly price target. 


Crispr Therapeutics: We called CRSP to go back up from its new low this week. We saw this stock had dropped from $220 and was almost at half price. The stock rose to a high of $135 from $115.


Palantir Technologies: We called Palantir to increase in price this week from $23.95 and it is getting close to our monthly price target of $30. This company made some news about partnerships with commercial companies. There is more to come and we think this stock price will be above $40 a share near their next earnings report.


IN THIS ISSUE


Pinterest

Monetizing their site has helped them grow substantially, expecting more growth.


General Motors

Has a solid track record and is now breaking into the world of electric vehicles.


Momentous Space

Test flights and good news for space ahead with ARKX ETF opening up March 29th.

Pinterest : PINS

“Pinterest is an American image sharing and social media service designed to enable saving and discovery of information on the internet using images and, on a smaller scale, animated GIFs and videos, in the form of pinboards.” This is probably one of my favorite stocks for so many reasons and that's why I will always recommend it. The stock has had such a great run because they are doing an amazing job at adding users and monetizing their site with advertising revenue. 


Price Forecast

Current Price: $71.83 

One Month Target: $75

One Year Target: $95-100

Two Year Target: $150


I have owned shares of Pinterest since their stock was worth $20 a share. Every time they report their earnings they move up in value. They are creating a huge user base which is now attracting more and more big advertisers which is what produces the majority of their revenue. They have reported strong earnings during the pandemic and I don't expect it to stop. People love to find inspiration for everything they do and Pinterest is learning to capitalize on this.


Pinterest has been performing at a high level and reported amazing 4th quarter numbers. “Q4 revenue grew 76% year over year to $706 million. 2020 revenue grew 48% year over year to $1,693 million. Global Monthly Active Users (MAUs) grew 37% year over year to 459 million.” I expect Pinterest to keep adapting and learning how to become even more profitable in the coming years. They are such a unique site which makes me believe they will continue to excel.


Pinterest is a long term buy in our opinion. 

General Motors: GM 

“General Motors Company is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services.” The stock has been around since November 2010 where it had a record setting IPO. The stock rose 140% this year making a run from $24 to $59.25 where the stock currently sits. The reason I like this stock is the stability it offers while having a considerable upside as well. 


General motors has begun working on a line of electric vehicles which is the reason I personally think this stock has such a big upside. “GM is on its way to an all-electric future, with a commitment to 30 new global electric vehicles by 2025.” A shift in focus to electric vehicles is going to be the reason GM will stay competitive in the car market. 


Price Forecast

Current Price: $59.25

One Month Target: $62-64

One Year Target: $75

Two Year Target: $120


The EV market is going to become extremely competitive and will honestly be a race to who can provide the best product line. I think GM has positioned themselves to be ahead of the curve and also set up a great product line of cars. The stock price moving up is a speculation, so there is risk of the value moving down with the market. However, GM has done an excellent job holding their value over the years. 


Even without taking the upside of an electric vehicle into account, GM is still proving to be a solid company and investment. They reported strong 4th quarter earnings even with COVID-19 and a large recall. “Full-year income of $6.4 billion, and EBIT-adjusted of $9.7 billion.” This is why I think GM provides a safe investment while still offering the upside of an electric vehicle company. 


GM is a buy in my opinion


Click Here for an Option Idea

Momentous Space : SRAC

We have talked about this company before, but want to bring it back up before it rises in price greatly again. We mentioned it when it was around $12 and then it rocketed to $26 a share in over a month. After the market downturn and their founder stepped down, their price has come back to $15.90 a share.


They are a space tug company that will position satellites in orbit. They will be the go-to company for mission planning and last mile delivery of satellites. They have some government contracts and are doing a space test on a SpaceX rocket. We also think they will be included in the ARKX hedge fund, which will boost their share price substantially. ARKX will be opening up on March 29th, so be aware of that. They have a relatively small market cap for the industry they are in, which is 288 Million. We believe they could generate more than a billion in revenue by 2030. This means they could 10x their share price in the coming years. 


Price Forecast

Current Price: $15.90

One Month Target: $22

One Year Target: $30

Two Year Target: $40


We are holding Momentous Space because we believe they will go up in value over time. 

Other stocks we have conviction on that will go up in coming months:


Apple $121 → $160

Tesla $693 → $750

Aurinia Pharmaceuticals $13.75 → $28

KemPharm $9.41 → $22

All stocks talked about we have invested in, and do not intend to give advice nor recommend acting upon the information.

Thanks for joining us. If you find this information helps you, please share it with someone else! It will help us out greatly.

Until next week,

Brad Mitchell

Colby McCoy

and the Optifinancial Team

DISCLAIMER Optifinancial is not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA ;nor an accountant nor a lawyer. Optifinancial is not a finance professional through formal education. Optifinancial believes in and takes pride in a sense of freedom, satisfaction, fulfillment and empowerment of money. The contents on this site/letter/email are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. Optifinancial can’t promise that the information shared on our posts is appropriate for you or anyone else. By using our content, you agree to hold Optfinancial or any constituents related to Optifinancial harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information provided through our site, website, social media and newsletter. PRIVACY POLICY Optifinancial does not collect information about you other than (1) what you personally provide if you submit a comment (your email will not be published) or sign up for our newsletter updates and (2) what’s available through normal server logs and Google Analytics. Optifinancial won’t sell or disclose your information to others unless we have received prior written agreement from you (e.g., you agreed to let me share your comment on a post with other readers).

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