The Average Joe

Trends

Crypto mining stocks 101 — Greenidge Generation and Cypher Mining to go public

A crypto mining company merging with a company completely unrelated to crypto and another with near-zero revenue going public at a $2b valuation — here’s the crazy world of crypto…
- On Mar. 22, Bitcoin mining company, Greenidge Generation announced a merger with Support.com ($SPRT), a customer support software company (unrelated to crypto).
- On Mar. 5, Cypher Mining (near-zero revenue) announced its going public via SPAC, Good Works Acquisition Corp ($GWAC).
Crypto mining companies are printing Bitcoin out of thin air and here’s how they’re doing it.

Victor Lei — Head of Research
March 23, 2021

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Climate tech outperforms the NASDAQ — Blink Charging, PlugPower and SunPower leads the ways

Climate tech has been one of the best performing sectors in the past year. To track its progress, the Energy Impact Partners (EIP) created an index to measure the performance of publicly-traded climate tech companies compared to the broad tech sector. Since Jan. 2020:
- The EIP climate tech index is up 129%
- While the broad tech index — NASDAQ — is up 42%
Victor Lei — Head of Research
March 17, 2021

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Cloud companies take over FAANG stocks — 2021 cloud predictions by Bessemer

On Mar. 10, Bessemer Venture Partners published its annual report — the State of the Cloud 2021.
2020 was a big year for cloud companies:
- Largest IPO in history — Snowflake ($SNOW)
- Twice as many cloud IPOs in 2020 than 2019
- 2nd largest acquisition in the history of Slack ($WORK) for $27.7b by Salesforce ($CRM)
Victor Lei — Head of Research
March 17, 2021

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Surging commodity prices have analysts forecasting a supercycle

Econ 101: When demand is greater than supply, price rises.
In the commodities (i.e. oil, copper, aluminum) market, when demand is higher than supply for a long period of time — it’s called a “supercycle”.
Rising commodity prices are leading analysts to predict that we could be in for another supercycle.

Victor Lei — Head of Research
March 4, 2021

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Cannabis stocks are lit — and the industry is looking to go higher with legalization

Everyone’s getting ready for US legalization of cannabis, including Ernie. On Feb. 9, two big announcements in the cannabis industry sent pot stocks higher:
- Tilray ($TLRY) announced a deal to supply medical cannabis in the UK — shares up 40%.
- Canopy Growth ($CGC) reported stronger than expected earnings and expects — shares up 13%.
Victor Lei — Head of Research
February 10, 2021

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Tesla buys $1.5b in Bitcoin and will accept the digital currency as payment

Bitcoin is up 330% in the past year and there are reasons to believe it could continue to go up… Or down as well…
On Feb. 8, Tesla announced its purchase of $1.5b worth of Bitcoin along with its plans to accept Bitcoin as payment. This would give Tesla…
- A potential boost in sales from adopting Bitcoin as a payment method.
- More exposure to the volatile nature of Bitcoin.
Victor Lei — Head of Research
February 9, 2021

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Trends

Crypto mining stocks 101 — Greenidge Generation and Cypher Mining to go public

Read full article →

Climate tech outperforms the NASDAQ — Blink Charging, PlugPower and SunPower leads the ways

Read full article →

Cloud companies take over FAANG stocks — 2021 cloud predictions by Bessemer

Read full article →

Surging commodity prices have analysts forecasting a supercycle

Read full article →

Cannabis stocks are lit — and the industry is looking to go higher with legalization

Read full article →

Tesla buys $1.5b in Bitcoin and will accept the digital currency as payment

Read full article →

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