Tag: nvta

Why I Love Investing!

Why I Love Investing!

ericmilton

In 2016, I purchased shares of Nvidia NASDAQ: NVDA), the graphics chip maker, for $68.97 per share.

About a few months after that, I purchased shares in a genomics company called Invitae (NYSE: NVTA) for $7.21 per share.

From the time I purchased Nvidia, all it did for the most part was go up. Over the next two years, it would climb to a high of $298 per share.

At that time it was the best-performing stock in my portfolio…up over 400%.

During that same period of time, Invitae was a horror show. But it still managed a gain of about 50%.

Now 50% ain’t bad. But Nvidia’s performance, of course, crushed Invitae on a relative basis.

Then, last October, the market started to crash…and it took Nvidia down with it. It plunged a whopping 57% at its low, before rallying.

As bad as that sell-off was, though, Nvidia was still the best performing stock in my portfolio.

Then along came the new year…

…and something phenomenal happened!

Invitae reported earnings that were off-the-charts good…and the stock took off!

In the months to follow, Invitae went from $11.50 to $25.75.

And now, Invitae is the best performing stock in my portfolio – up 226%.

The crazy part? This all took place in a span of three months.

This, my friends, is why you can’t try and time the market!

And this is what I love most about investing in stocks.

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

Can Invitae Make You A Millionaire?

Can Invitae Make You A Millionaire?

ericmilton

Good morning!

The stock market, in my opinion, is the best place for the average Joe to create wealth.

Over the last last 50 years, there have been companies whose stock turned early investors into millionaires over time: Comcast, Walmart, Berkshire Hathaway, Home Depot, Microsoft and Amazon are some.

At the time these investments were made, there was no way to know that these companies would go on to make you rich.

This brings me to Invitae (NYSE: NVTA). Today we’re going to explore whether or not this stock can make you a millionaire.

Invitae is one of the fastest growing genomics companies in the world. They are trying to bring comprehensive genetic testing to the masses by lowering the cost. You can order a test through your doctor, and more and more insurance companies are jumping on board.

The reason why is that we are entering the age of individualized and preventative health. It’s far less expensive to prevent disease than to treat it.

Invitae’s growth has been incredible.

On their most recent earnings report, which came out on Wednesday, the volume and revenue for the quarter both doubled compared to the same quarter last year.

ARK Invest is projecting genome sequencing to increase 50 times between 2018 and 2023. That would take the number of genomes sequenced from 1.3 million to 100 million. That would annualize at 82% a year if that materializes!

That kind of growth is crazy; it would propel Invitae to a much higher valuation than the $1.4 billion it sits at now.

Disclaimer/Disclosure Statement: Information in this article is not intended to be a recommendation to invest in any stock.  Rather, it is presented for readers’ education and consideration when making their own investment decisions.  The author is long NVTA.

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)