As we have said, always watch for companies bucking sharp downtrends in the general market. VIOT is one such stock as Friday's pocket pivot illustrates. While VIOT is thin, its sales and earnings are skyrocketing.
VIOT is a Chinese company that develops and sells internet-of-things (IoT) enabled smart home products in China. IoT is expected to be one of the dominating areas of tech in the coming years as we move into tomorrow's trillion-sensor economy. From in-home IoT to smart factories IoT, in-home is expected to be greatly enabled by 5G which will be 100-times faster than 4G and will be widely deployed by 2020.
Another stock we have discussed as far back as April 2018 when it was at $8 a share that proved highly profitable was Funko (FNKO). FNKO was thin as well as the time but covered a highly popular niche area in pop culture products.
Thus in unusual occasions, we may opt for a thinly traded name provided its technicals and fundamentals stand out.
Pocket Pivot Review - VIOT
| Published: | 28 Oct 2018 08:28 ET |
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