Stock Power Daily — This Stock Is Set to Ride the Smart Home Tech Boom

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This Stock Is Set to Ride the Smart Home Tech Boom

  • The newest technology rage is connected smart homes.

  • Revenue from smart home technology will grow 131.1% from 2020 to 2025.

  • Today’s Power Stock has an extensive line of smart home products. It rates a 91 on our proprietary system.
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Matt Clark,
Research Analyst

It’s amazing what we can do with a smartphone today.

Yes, there’s texting, reading news and checking our Facebook page. But there’s so much more.

I can control my thermostat, turn off my lights and lock my doors … all from a single device. And I don’t even have to be home to do it!

This smart home technology is becoming all the rage as we strive to become more connected.

And the market for smart home technology is growing at a rapid pace.

As you can see from the chart below, research firm Statista projects that revenue from smart home products will increase 131.1% from 2020 to 2025.

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Today’s Power Stock started by creating quality, inexpensive headphones, but has grown into a smart home powerhouse. It manufactures:

  • Smart locks, cameras and thermostats.

  • Voice assistant devices.

  • Home security.

  • Smart home control panels.

And its “Strong Bullish” score within Stock Power Ratings means it’s well set for future gains.

Click here or the button below to reveal the ticker now.

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Initial Claims Show Companies
Are Hoarding Labor

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Michael Carr,
Editor, The Banyan Edge

Initial claims for unemployment insurance are an important economic indicator.

The unemployment rate shows whether companies are adding or shedding employees.

Claims for unemployment show whether laid-off employees are finding jobs or not.

Right now, new claims for unemployment are about 0.1% of the civilian labor force.

This ratio allows us to compare claims over time.

During the early 2000s, the ratio averaged around 0.2% and then jumped to 0.4% during the financial crisis in 2009.

Bottom line: The low ratio shows that employers are hiring. This is good news for workers.

But it's bad news for investors because strength in the labor market will force the Federal Reserve to raise rates.

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