Salutations, Inside Alpha community! It’s another exciting week of stock picks and, if all goes according to plan, big winners. Like we do every week at Inside Alpha, today we’re going to choose three stock picks from the same sector, and then track their progress throughout the week. Towards the end of the trading week, we will select a winner among our three stock picks, based on percentage gain, and that winner will be called the Alpha. For this week, we will be focusing on the artificial intelligence (AI) sector, which many folks consider to be disruptive but fascinating. Please note that for Canadian stocks that have both Canadian and U.S. versions, I will use the Canadian version, but the U.S. version will likely have similar results on a percentage gain-or-loss basis. These stocks are capable of some serious movement, so let’s get ready to dive into some AI stocks!
We can go ahead and start with our first artificial intelligence stock selection of the week, Globalive Technology, Inc. – (TSX.V:LIVE, OTC:LVVEF). Located in Toronto, Ontario, Canada, Globalive Technology, Inc. develops software applications and technology platforms primarily using artificial intelligence, the Internet of Things (IoT), and blockchain technology. Globalive Technology, Inc. grabbed investors’ attention recently when the firm announced the completion of its reverse takeover of Corporate Catalyst Acquisition Inc. as well as its listing for trading on the TSX Venture Exchange. When the markets closed on Friday, LIVE stock shares were trading at CAD$0.52. Shareholders are naturally hoping for strong movement and exceptional profits in LIVE over the next few days.
The next step is to take a look at our second artificial intelligence stock pick for the week, Venzee Technologies Inc. (TSX.V:VENZ, OTC:SNSFF). Headquartered in Vancouver, BC, Canada, Venzee Technologies Inc. develops a cloud-based platform for suppliers and manufactures in various industries. Venzee Technologies Inc. most definitely pleased the company’s followers when they announced their financial results for the three months ending June 30, 2018: their revenues for this quarter showed an impressive 80% increase over the first quarter of this year. VENZ stock shares finished trading on Friday at CAD$0.225; undoubtedly, traders and investors would like to see some positive price action in the coming days.
To wrap it up, we now come to our third artificial intelligence stock pick for this week, Yext, Inc. (YEXT). Based in New York City, Yext, Inc. provides knowledge engine platforms for the healthcare, retail, and financial services industries. Investors in Yext, Inc. were certainly interested in the firm’s recent announcement of their “Summer ’18 Product Release” to the public, which includes new skills for the Yext Knowledge Assistant, new Publisher Suggestion capabilities on Facebook, and Google User Photo monitoring and analytics via the Yext platform. Upon the close of trading on Friday, YEXT was priced at $26.85, and we’re looking forward to finding out how much upside potential there is for this stock.
Artificial intelligence is leading the revolution and investors are cashing in. We’re happy to provide our views and the latest news on what’s going on in the AI space today, and our three picks could certainly help you reap the vast rewards of the artificial intelligence movement. Thanks for checking in – we’ll see you again soon with updates on our stock picks, here on Inside Alpha!