Lately has definitely been a great time to invest in Granite Point Mortgage Trust Inc. GPMT… The stock is up 10.2% in the past month, with it also surpassing its 20-day SMA. This combination of strong price performance and favorable technical performance could indicate that the stock may be on the right track.
We definitely think this may be the case, especially given the recent GPMT efforts to revise its earnings estimate. From this point of view, the future of the company is very favorable; as GPMT has earned itself a # 1 Zacks rating (strong buy), which means that its recent rally could last a little longer, and not the best result for the company that is focusing. You can see See the full list of today’s Zacks # 1 Rank stocks here…
Bitcoin, like the Internet itself, can change everything
Blockchain and cryptocurrency have sparked one of the most exciting topics of discussion in a generation. Some call it the “Internet of Money” and predict that it could forever change the way money works. If true, it could do to banks what Netflix did to Blockbuster and Amazon to Sears. Experts agree that we are still in the early stages of developing this technology, and as it develops, there will be several investment opportunities.
Zacks has just identified 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and other cryptocurrencies with significantly less volatility than buying them outright.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.