Jefferies Tech, Media & Telecom conference was held in Miami, FL on May 8-10th. Over 100 companies presented at the well-attended event. The key themes included virtual reality, artificial intelligence, on-line advertising, and autonomous driving. Many investors were especially interested in the rise of bots/personal assistants, such as Amazon’s Alexa or Google Home.
Biondo Investments is interested in the tech and telecom sectors as many investable themes appear to be taking form. The continued shift of data to the cloud is presenting new technologies and investment in areas of enterprise storage and data security. As more and more data is stored in the cloud there is an increased need for servers to house that data and the protocols to protect it. The internet also continues to be a growth area as the so-called “FANG” stocks (Facebook, Amazon, Netflix and Google) continue to perform.
Another key area of discussion was the possibility of a tax repatriation holiday and its impact on the tech sector. Many tech companies hold large of amounts of cash overseas. The ability to bring this cash back into the United States with little or no tax implications would likely be a boost to the sector and the economy as a whole. Much of the discussion was focused on the ultimate uses of this cash by these companies. Possibilities discussed included increased M&A, investment in new technologies, or even special dividends.
As always, we are looking for companies that are involved in these technologies and have quality management teams. In managing your portfolios, the portfolio management team has been looking to add more positions that have exposure to these technologies and
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540 Rte 6 & 209
Milford, PA 18337
55 Main Street
Sparta, NJ 07871
Mailing Address:
P.O. Box 909, Milford, PA 18337
Fax: (570) 296-5527
Our website is not to be considered an offer or solicitation to buy, or an offer to sell a security, nor an offer of our investment advisory services, to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful. We use reasonable efforts to use information from reliable sources but cannot guarantee its accuracy or completeness. Our advice and services are personalized upon specific needs and circumstances of each individual client; our website is for informational purposes only. Past performance may not be indicative of future results. Certain links, provided for your convenience, may take you to other sites.
All stock price information is provided for informational purposes only, and is not intended for trading purposes. The Biondo Group shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Company
Resources
Contact
540 Rte 6 & 209, Milford, PA 18337
47 Main Street Sparta, NJ 07871
Mailing Address:
P.O. Box 909, Milford, PA 18337
1 (570)-296-5525
1 (877) 246-6367
Fax: (570) 296-5527
Our website is not to be considered an offer or solicitation to buy, or an offer to sell a security, nor an offer of our investment advisory services, to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful. We use reasonable efforts to use information from reliable sources but cannot guarantee its accuracy or completeness. Our advice and services are personalized upon specific needs and circumstances of each individual client; our website is for informational purposes only. Past performance may not be indicative of future results. Certain links, provided for your convenience, may take you to other sites.
All stock price information is provided for informational purposes only, and is not intended for trading purposes. The Biondo Group shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
