Shares of the crypto bank Silvergate Capital ( NYSE:SI ) plummeted nearly 23% on Jan. 18 after the company reported fourth-quarter and full-year earnings results for 2021 that missed analysts' estimates for the first time since the company went public. Silvergate reported diluted earnings per common share of $0.66 on total revenue of nearly $49.3 million, missing consensus estimates of $0.72 earnings per share and revenue of nearly $53.5 million. Is the stock still a buy after the disappointing results? Let's take a look. Not a bad miss overall I had initially expected Silvergate to beat on earnings , but after a closer look at the numbers, I do not see a bad overall miss here. Silvergate has created a proprietary, real-time payments network called the Silvergate Exchange Network (SEN), which enables two parties on the network to clear and settle transactions instantly at any day or time. SEN is helpful for institutional cryptocurrency traders and crypto exchanges because … [Read more...] about After Missing Earnings Estimates, Is Silvergate Capital Still a Buy?
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We're starting off 2022 with a fair amount of stock market volatility. That can be troubling for even the most seasoned of investors. And if you're new to buying stocks, it can be exceptionally daunting. If you're worried about choosing the wrong companies as the stock market undergoes its share of shake-ups, you're no doubt in good company. And the great news is that you don't have to put yourself in a position where you're stuck lying awake at night worrying if you've made the wrong choice. Instead, there's an easy investment you can turn to that takes all of that guesswork and self-doubt out of the equation. Invest in the broad market During periods of stock market volatility, portfolio values on a whole have the potential to shrink. But if you happen to choose a single stock whose value really tanks, you might feel the pain all that more. Image source: Getty Images. If you're nervous about the idea of hand-picking stocks right now, a better bet may be to load up on … [Read more...] about Scared to Pick Your Own Stocks in a Volatile Market? Invest Here Instead
Real estate investing has long been a great way to build wealth, even in inflationary times. In fact, it has long been one of the primary portfolio antidotes to rising prices in an overheated economy. Real estate investment trusts (REITs) provide easy, liquid passage into and out of the real estate investing world, offering the potential for capital appreciation while meeting the requirement to use most net income to pay shareholder dividends in exchange for corporate tax advantages. Here are a couple of REITs to consider, selected because their yields are in the same ballpark as the current 7% rate of inflation and because there are solid arguments for those payouts to continue apace. Image source: Getty Images. Blackstone Mortgage Trust Blackstone Mortgage Trust ( NYSE:BXMT ) is a mortgage REIT (mREIT) yielding about 7.9% based on a stock price of roughly $31 a share. BXMT, with a market cap of $5 billion, has a portfolio of around $22 billion in senior … [Read more...] about Love Dividends? Buy These 2 REITs
Innovative Industrial Properties ( NYSE:IIPR ) is one of the hottest growth stocks to invest in today. The real estate investment trust (REIT), which specializes in the ownership and leasing of industrial properties for medical marijuana, has performed incredibly well since its IPO in 2017, producing an impressive 71% annualized return in under five years. But today, share prices are on the expensive end, meaning some investors may have missed the boat when it comes to investing in IIPR. Thankfully, there are plenty of other worthwhile investments to participate in, including Independence Realty Trust ( NYSE:IRT ) , a multifamily REIT that shows promising growth opportunities over the next five years. Here's a closer look at Independence Realty Trust today and why this company is a great alternative to IIPR. IRT today Independence Realty Trust owns, operates, and leases class B multifamily properties in major cities like Atlanta; Denver; and Orlando, Florida; as … [Read more...] about Missed Out on Innovative Industrial Properties? What To Buy Now
What happened Shares of many crypto-related stocks were struggling today, along with the broader market. As of 12:45 p.m. ET today, the Dow Jones Industrial Average traded more than 900 points down, while the Nasdaq Composite had fallen nearly 4%. At the same time, shares of the large cryptocurrency exchange Coinbase Global ( NASDAQ:COIN ) had fallen more than 11%, while shares of the Bitcoin ( CRYPTO:BTC ) -mining company Riot Blockchain ( NASDAQ:RIOT ) and the crypto bank Silvergate Capital ( NYSE:SI ) traded more than 8% and roughly 5% lower, respectively. So what All of these companies trade in a correlated fashion to the broader cryptocurrency market and Bitcoin, the world's largest cryptocurrency. Now below $34,000, Bitcoin has been getting absolutely hammered, down nearly 100% from early November. There's a lot going on in the crypto world right now. Russia is thinking about banning crypto trading and mining in the country, and the Federal … [Read more...] about Why Shares of Coinbase, Riot Blockchain, and Silvergate Capital Are All Falling Today
Nvidia ( NASDAQ:NVDA ) and Digital Realty ( NYSE:DLR ) might not seem comparable tech stocks (or in the real estate investment trust's case, a tech stock at all), but both are poised to take advantage of massive trends in the industry that are right in their wheelhouse. Each might have a different focus, but they're on a comparable footing, which actually makes choosing between them a difficult task. So let's see whether the chipmaker or the data center REIT is the better buy in January. Image source: Getty Images. The case for Nvidia Although the lockdown portion of the pandemic recharged Nvidia's business as gamers poured back into the market -- and millions more joined them because of all the time on their hands and having nothing to do -- Nvidia was already a phenomenally successful company, generating tens of thousands of percent returns for longer-term investors. The cryptocurrency market collapse in 2018 caused Nvidia's stock to lose half its value as … [Read more...] about Better Buy: Nvidia vs. Digital Realty
What happened Shares of crypto bank Silvergate Capital ( NYSE:SI ) jumped on Wednesday, adding as much as 9%. As of 1:58 p.m. ET, the stock was still up 6.9%. The catalyst that drove the crypto-friendly bank higher was an upgrade courtesy of a Wall Street analyst, as well as a wide-ranging recovery in the cryptocurrency market. So what Michael Perito -- an analyst with Keefe, Bruyette & Woods -- upgraded Silvergate Capital to outperform (buy) from market perform (hold), while simultaneously assigning a $225 price target, according to The Fly. His new estimate would represent potential upside for investors of more than 74% over the coming year, compared with the stock's closing price on Tuesday. Image source: Getty Images. The analyst pointed to the recent sell-off, noting that it resulted in an attractive buying opportunity. He believes that in advance of rising interest rates, investors should increase their exposure to digital-friendly banks positioned to … [Read more...] about Why Silvergate Capital Stock Jumped Today
What happened Shares of Silvergate Capital ( NYSE:SI ) , a company that provides banking services in the cryptocurrency space, were gaining ground on Thursday, up 6% as of noon ET. For context, the stock dropped sharply two days ago when financial results came up short of expectations. But yesterday, it bounced back some , a trend that continues today thanks to some analyst upgrades. So what To be clear, many of the analyst upgrades came during yesterday's session. However, after the market closed yesterday, news broke that Goldman Sachs analyst Will Nance upgraded his rating to buy. However, it should be noted that Nance simultaneously lowered Silvergate Capital's price target from $190 per share to $166 per share, according to The Fly. Image source: Getty Images. The stock market is higher today, as are a number of cryptocurrencies, so this is likely helping Silvergate Capital stock as well today. Typically, stocks fall when analysts lower their price … [Read more...] about Why Silvergate Capital Stock Continued to Gain Ground on Thursday
To say that Novavax ( NASDAQ:NVAX ) investors haven't had a smooth ride recently is a massive understatement. Amid a string of successes (and a few setbacks) in getting its coronavirus vaccine, Nuvaxovid approved by regulators in the European Union, South Korea, and with the World Health Organization, the company's stock has plummeted, falling around 55% compared to its price six months ago and 57% since a mere 30 days ago. But Nuvaxovid is now being rolled out where it's approved, and revenue is rolling in. Has the stock fallen enough to be worth a purchase based on the expectation of future jab sales and vaccine development, or should investors stay away for the time being? Image source: Getty Images. The valuation is finally starting to look ripe One argument in favor of Novavax stock at the moment is that its valuation has finally fallen into a more reasonable territory after a prolonged period of being sharply inflated. On June 30, 2020, the vaccine stock's … [Read more...] about Down 57% in 1 Month, Is Novavax a Bargain Buy?
Despite recent volatility, Wall Street and investors have enjoyed a record-breaking run. The benchmark S&P 500 took less than 17 months to double off of its coronavirus pandemic lows set in March 2020, and the index logged nearly six dozen record-closing highs last year. And yet even with the broader market regularly knocking on the door of new highs, bargains can still be found. If you're looking for a way to potentially get richer to begin 2022, and more importantly aiming to build wealth over time, the following three top stocks can make that happen. Image source: Getty Images. Novavax The first top stock that could make you richer in January and well beyond is biotech stock Novavax ( NASDAQ:NVAX ) . Novavax is one of a broad sea of drug developers that's gained notoriety from tackling the coronavirus disease 2019 (COVID-19). The company's vaccine, NVX-CoV2373, was tested in two large-scale studies in the U.K. and U.S./Mexico. The U.K. trial, reported in … [Read more...] about 3 Top Stocks That Can Make You Richer in January (and Beyond)