July 19th, 2023 | 07:35 CEST
Trend stocks in focus - Nvidia, Smartbroker Holding AG, Coinbase
They keep going and going. In the wake of the AI revolution, Nvidia is rushing from high to high. Some of the major players in the crypto sector have also been able to multiply since the beginning of the year. The trend for Bitcoin & Co is just beginning. With a breakout above the mark of USD 32,400, the momentum could increase further. Take advantage of the opportunities that arise and bet on the trend.
time to read: 3 minutes
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Author:
Stefan Feulner
ISIN:
NVIDIA CORP. DL-_001 | US67066G1040 , SMARTBROKER HOLDING AG | DE000A2GS609 , Coinbase | US19260Q1076
Table of contents:
Author
Stefan Feulner
The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.
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Smartbroker+ - The countdown is on
After a long wait with many imponderables, the launch of "Smartbroker+" is in the starting blocks. Interested parties can pre-register for early access on the website smartbroker.de. In particular, the development of the new frontends and central backend functions and the integration of partner companies is in the final stages. Of particular importance for future customers, especially the younger generation, is the introduction of the announced smartphone app.
In addition to establishing a trading platform of the latest generation, Smartbroker Holding AG is further expanding the product range for its customers. Through new product partnerships with BNP Paribas and Citi, investors receive additional benefits when trading derivatives. Longer-term cooperation already exists with HSBC, Morgan Stanley, UBS and Vontobel.
The EU's ban on "Payment for Order Flow" starting in 2026 is currently a rather troublesome topic for online brokers. While traditional neobrokers feel threatened by their business model, Smartbroker is expected to be only minimally affected, according to the analysis firm Montega. The PFOF revenue share is currently around 10% to a maximum of 15% of group sales. Again, the lion's share is allotted to derivative partners, while reimbursements of stock exchange operators have very little commercial significance for Smartbroker. The Hamburg-based firm continues to recommend Smartbroker Holding as a buy with a price target of EUR 14 over the next 12 months.
Nvidia - Onward and upward
The share of the developer of graphics processors and chipsets for personal computers, servers and game consoles has gained a whopping 230% to USD 465 since the beginning of the year. According to the initial study by the independent analyst firm Melius Research, Nvidia is expected to have further potential up to around USD 625. Thus, according to the Melius experts, the stock is a buy primarily due to its potential in data centers, while investments in the automotive and software sectors could bring significant long-term rewards to investors.
The brokerage firm expects Nvidia's data center segment to grow 104% in fiscal 2024 to USD 31 billion, 41% in 2025 to USD 43 billion and 26% to USD 54 billion in 2026. Nvidia is scheduled to release second-quarter numbers on August 23. Analysts expect earnings per share of USD 2.06 on revenue of USD 11.08 billion. On Refinitiv, 40 analysts rated the stock of the high-flyer, with an average price target from the experts at USD 475.
Coinbase - It is getting serious
After a long crypto winter, virtual currencies, first and foremost Bitcoin, have been going uphill since the beginning of the year. Thus, the largest currency increased by about 90%. It is still a long way to the all-time high of 69,000 points, but optimism and trading activity on the crypto exchanges are on the rise. One of the beneficiaries is Coinbase. The Company's stock has performed a whopping 250% since January, despite trouble with the Securities and Exchange Commission. The SEC has charged Coinbase with alleged unregistered securities transactions since 2019, though the agency still allowed the crypto trading platform to go public in 2021. Coinbase is pushing for an early dismissal of the case for several reasons.
Movement on the matter could come today, Wednesday, July 19. Coinbase CEO Brian Armstrong plans to meet privately with a group of Democrats from the US House of Representatives and plans to speak on the future of digital asset legislation.
Chart-wise, the Coinbase share could pick up further momentum after breaking above resistance at USD 116.30. The next important hurdle would then only be seen at around USD 150.
After a brilliant start to the new year, analysts continue to raise their price targets. Coinbase continues to show relative strength despite the SEC's lawsuit. Smartbroker Holding is about to launch its latest generation broker and could thus start a price rally.
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