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Possibly the best anti-tech Metaverse play out there

Jan 18, 2022

Good morning!

And we’re off …. the markets are down in the early going following a big miss at Goldman, a spike in the 10-year rate and oil topping $84 a barrel.

Here’s my playbook.

1 – You WILL kick yourself if you don’t own at least a few shares

Microsoft is buying Activision for $68.7 billion in an all-cash deal. Shares of the former fell 2% in the premarket while shares of the latter jumped nearly 40%.

The deal makes plenty of sense to me.

Microsoft is becoming more focused on gaming to enter your home and coax you into the metaverse. It purchased shares of Mojang for $2.5 billion in 2014 (Minecraft) and Bethesda for $7.5 billion in 2021 (The Elder Scrolls and Fallout). Activision makes Call of Duty and Tony Hawk’s Pro Skater. (Read)

MSFT has been pummeled recently but, odds are, don’t let that sway you. Chances are better than good – excellent in fact - that you’ll kick yourself if you don’t own at least a few shares down the road. It’s up 389.75% over the past 5 years, even with the recent pullback. (Watch)

2 – The best anti-tech tech Metaverse play

Many investors think about the Metaverse as a made-up world synonymous with gaming or as some sort of Zoom on steroids. So they dismiss it.

Bad move!

The metaverse is really a term meaning how we interact with technology. And, critically, it will shape our lives just as the Internet has already reformed society. (Read)

Major corporations have been largely oblivious aside from tokens or a few special t-shirts, artwork etc. However, there’s one that’s quietly moving into the metaverse big time … Walmart.

Recent trademark applications suggest that Walmart will make and sell virtual goods, plans to create its own cryptocurrency, NFTs and more. Might be time to pick up a few shares or at least sell a few putskies to do the same thing at a discount. (Read)

3 – Wonder where you’ve heard this before?

Goldman has recently come out as saying stocks offer the best protection against inflation, and that you should focus on energy and financials. From the way the press is reacting, you’d think they just bottled lightning. (Read)

Save the fact that we told you about this over a year ago and began recommending stocks long ahead of the moves that are capturing everybody’s attention now. Chevron which I recommended last September, for example, has returned 32.87% versus the S&P 500 which chalked up just 2.57% over the same time frame to give you an idea.

I even interviewed the world’s foremost expert on the subject, the super savvy Dr. Mark Mobius last March and shared his thinking about how savvy investors could potentially beat inflation in the March 2021 issue. His book is required reading to my way of thinking. (Order now)

OBAer’s … make sure you re-read the March 2021 issue straight away! It’s available in the archives. If you’re not a member of OBA and this kind of forward-thinking is of interest, you can join the Family by (clicking here)

4 – Could be a better bet than 99% of SPACS

Dog-walking startup Wag Labs Inc is reportedly in talks of going public via SPAC with a $350 million deal, based on projected revenue of $42 million 2022 and $71 million in 2023.

No, that’s not a typo.

A dog-walking startup valued at $350 million!!! Not for nothing but Wag is probably a better business model than 99% of SPACs that have come to market recently.

I won’t be buying though; the entire business model is at risk by any motivated teenager with a few leashes and time on his or her hands. (Read)

5 – Say it ain’t so … Google and Facebook rigged ad markets

I’ve been harshly critical of both CEOs involved over the years – Facebook’s Mark Zuckerberg – and Google’s Sundar Pichai - because I believed them to be calculating, predatory and all sorts of other less attractive things. Fair play wasn’t in their lexicon I reasoned.

Now, court documents reveal that I was right to be concerned.

Apparently the two firms colluded in 2018 with Google giving Facebook a boost by providing a “Google-managed” advertising system, preferential ad rates and, naturally, first dibs on ad placements. (Read)

I don’t own either at this point and am not keen to, especially in light of these revelations. I prefer companies where CEOs lead from the front and that still have a readily apparent moral compass that lines up with investment expectations.