Displaying items by tag: technology

Over the past year, the U.S. stock market has risen by an impressive 30%, despite a recent 2.1% drop. This robust growth highlights opportunities in high-growth tech stocks that excel in innovation and scalability. 

Companies like PowerFleet stand out, forecasting a 29.7% annual revenue growth and significant earnings improvement due to strategic expansions such as its Fleet Complete acquisition. Live Nation Entertainment also shines, with substantial revenue driven by concerts, ticketing, and sponsorships, leveraging its global presence to dominate the live entertainment industry. 

Meanwhile, Triumph Group has gained investor attention with a 66.9% one-year stock increase, supported by upward earnings revisions and strong fundamentals. 

Finsum: These examples underscore the dynamic potential of select tech and entertainment stocks in the current market.

TradePMR has introduced Fusion SYNC, an AI-powered tool designed to ease the custodian transition process for registered investment advisors (RIAs). By allowing advisors to upload complete client data and automatically transferring it to TradePMR’s Fusion platform, Fusion SYNC aims to reduce manual data entry and speed up transitions, potentially cutting transition time from weeks to days. 

The tool also cross-checks for errors, minimizing the need for manual corrections and improving data accuracy. Jon Patullo, TradePMR’s chief product officer, emphasized that Fusion SYNC aims to ease the burdens of custodial transitions, helping advisors maintain client trust through streamlined service. 

With 40% of advisory assets expected to change hands in the next decade, Fusion SYNC positions TradePMR as an early AI adopter in custodial services. 

Finsum: Lean into technology, and particularly AI when it comes to changing custodians as it can greatly aid the data transfer process. 

BlackRock has introduced two new ETFs: the iShares Technology Opportunities Active ETF (TEK) and the iShares A.I. Innovation and Tech Active ETF (BAI). According to Tony Kim, BlackRock’s head of fundamental equities technology, these ETFs aim to capitalize on the rapidly expanding AI and tech landscape. 

The TEK fund focuses on global tech leaders and disruptors, incorporating companies across various market caps to balance stability and potential growth. Meanwhile, BAI seeks strong returns by investing in innovative companies within the AI sector, applying rigorous fundamental research. 

The fund covers a diverse range of cap sizes globally, emphasizing groundbreaking advancements in AI. BlackRock now manages over $3.1 trillion in U.S.-listed ETFs across 430 funds.

Finsum: Using ETFs to target a clients interests presents an already more balanced approach for portfolios

The U.S. is close to finalizing rules that will restrict certain American investments in China’s artificial intelligence sector, with a focus on national security. These regulations, currently under review by the Office of Management and Budget, are expected to be released soon and stem from an executive order issued by President Biden in August 2023. 

The new rules will require U.S. investors to notify the Treasury Department about AI-related investments and limit funding for technologies like semiconductors, quantum computing, and microelectronics that could benefit China's military. 

Some exceptions, such as investments in publicly traded securities and certain limited partnerships, have been proposed. Experts expect further clarification in the final rules, particularly regarding AI's scope and the conditions for limited partners. 

Finsum: There seems to be broader efforts to safeguard U.S. technological from China and this trend is worth monitoring. 

At CES 2024, innovative tech products continued to capture attention despite Apple’s preemptive announcement of the Vision Pro headset earlier in the year. Standout devices included:

• The Rabbit R1, a compact AI assistant designed with Teenage Engineering, which can handle simple tasks, play music, and more, all for $199 starting March 2024. 

• The Audio Pro C20 emerged as a versatile wireless speaker that supports multiple streaming options, doubles as a soundbar, and connects to a turntable, available in February 2024 for $550. 

• LG unveiled its first transparent TV, the 77-inch Signature OLED T, which can transform into a 3D display or a functional visual piece when not in use. This year’s CES showcased a range of groundbreaking gadgets that highlighted new possibilities in consumer electronics. 

Finsum: CES 2024 reaffirmed its status as the world’s premier tech event, showcasing cutting-edge innovations that promise to redefine the future of consumer electronics and lifestyle technology.