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How hot of a stock is crocs? It’s damn hot!

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Tue, Jan 18, 2022 08:40 PM

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Crocs, everyone’s favorite swiss cheese- looking footwear is the talk of Wall Street today. Jan

Crocs, everyone’s favorite swiss cheese- looking footwear is the talk of Wall Street today. January 18, 2022 [Turn on your images.]( How hot of a stock is crocs? It’s damn hot! Crocs, everyone’s favorite swiss cheese- looking footwear is the talk of Wall Street today. The shoes are no longer something to laugh at; they are a genuine investment opportunity. --------------------------------------------------------------- [Turn Your Images On] [Crocodile Tears Of Joy: Why Buying Crocs Will Make You Happy]( Ryan James Crocs, everyone’s favorite swiss cheese- looking footwear is the talk of Wall Street today. The shoes are no longer something to laugh at; they are a genuine investment opportunity. Fashion tip: But seriously though, don’t wear socks with crocs, they look ridiculous. You are welcome for that advice! Someone, somewhere, needed to hear that advice. And if you are so inclined to show your gratitude, I don’t require money or a gift card to Applebee’s. I simply ask that you read Money Moves everyday for the rest of your life. That is a small price to pay. How hot of a stock is crocs? It’s damn hot! So hot, in fact, that investment bank Piper Sandler (not to be confused with Adam Sandler) has named Crocs as one of their top stock picks for 2022! Piper Sandler is bullish on Crocs because they see “impressive consumer growth” Croc, croc, croc, around the clock tonight! Play me some crocodile rock. But no need for crocodile tears, because those tears will be tears of happiness for all the investment winnings from crocs. This is the most exciting news about Crocs since that time they sold KFC themed crocs. And, no, I am not kidding. That was an actual thing that happened. [Read here.]( In 2020, Crocs collaborated with Kentucky Fried Chicken to create chicken drumstick themed crocs, and boy, were they finger licking expensive. The crocs sold for $60 on crocs’ website, and immediately sold out. If you wanted those drumsticks on the soles of your feet, you had to pay upwards of $210 on the resale market. And God knows how much they were on the chicken- footwear black market. Like they say, if you don’t know how much, you can’t afford it. But, back to 2022. KFC-Crocs are so 2020. We here at Money Moves are only concerned with making money now. Croc shares have been buoyed in part by its accusation of footwear brand [HeyDude.]( Yes, that is the name of an actual company. I came across their website while laboriously conducting research for this article, so I could present it to you, my fellow Money Movers. The company is no small mom and pop footwear operation either. Nothing against mom and pop operations, but Crocs acquired HeyDude for $2.5 billion. And HeyDude makes 43% of their sales online, compared to 37% for Crocs. That will help Croc increase their digital sales footprint as well. Smart. Well played crocs. Well played. Crocs hopes to build HEYDUDE into a $1 billion brand by 2024, and both companies have high margins. So they got that going for them…which is nice. (Yes, that was a Caddy Shack reference.) So expect EPS to be a nice prize for those who buy themselves some croc shares. The company also expects strong revenue growth for fiscal year 2021 between 62-65%. According to analysts, that will result in EPS of $7.56. And, most importantly, our Green Zone rating system is super pumped about Crocs. We are “strong bullish” on shares of Crocs. So, I will judge you if you wear socks with Crocs. But I won’t judge you for buying shares of Crocs. Oh, no, on the contrary, I will be very proud of you, my fellow Money Movers. So, by all means, go get you a pair or more shares of Crocs! --------------------------------------------------------------- [Turn Your Images On] [Microsoft Goes All In On Gaming]( Shawn Ambrosino The computer and software icon has just committed an industry coup by snatching up one of the most popular gaming brands in the world! I have a confession to make… I haven’t told you guys the WHOLE truth - but I’m going to come clean right now - as I can’t take the pressure of holding this secret in any longer. Do you remember when I told you that I was a “casual” gamer? That at 48-years-old - I don’t have time for kids’ games… Well, that really wasn’t the truth. In fact, depending on how you look at it - I might have actually lied to you - because the truth is: I play almost every single day. Sigh… what a relief. I was sick of feeling like I wasn’t being 100% honest with you guys and getting that off my chest really took a load off my conscience. Yes, I play ALMOST daily. I’m addicted to one game - Call of Duty - and while there will be times that I don’t play it at all… I’m in a cycle where I play it daily as it’s just too fun and relaxing. Big Move In The Computer Industry For those that don’t know - Call of Duty is a first-person shooter game (where you only see your hands and the weapon you’re holding - you don’t see anything else of your body) - and has run the gamut from WWII all the way up to modern times with modern weaponry… You can play campaigns where you flesh out a storyline - or you can play online and compete with people from all around the world in different versions of the game. Regardless, I think it’s important for you to know that CoD is extremely popular and is one of the most popular video games of all time. It’s a moneymaker - which is probably why Microsoft (MSFT) made a play for the company that produces it, Activision Blizzard (ATVI) - bringing the 42-year-old company under the watchful eye of Bill Gates’ baby. While investors really don’t like to see a company forking over tens of billions for a gaming company - ATVI investors LOVED it - and will continue to love it once the deal is completed. How do we know investors are loving this deal? Because Activision Blizzard’s shares jumped a staggering 36% in pre-market after the Microsoft deal was announced - and that deal states that computer icon will be acquiring the video game publisher for $95 per share. The deal is valued at a whopping $68.7 billion - and will go down in history as Microsoft's largest takeover ever. When the dust finally settles here - it will make Microsoft the world’s THIRD largest gaming company (by revenue) with only Tencent (TCEHY) and Sony (SONY) - ahead of them. Preparing For The Metaverse! Microsoft’s chairman and CEO, Satya Nadella said of the acquisition in a statement, "Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms. We're investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all.” This is just one of a few prominent consolidation moves in the gaming industry as of late - as the tech world prepares for what looks to be the next transformative innovation in tech - the metaverse. Now, Microsoft gets a lot more than just Call of Duty in the deal… As Activision Blizzard controls other popular games in both the online and mobile gaming industries. Besides CoD - the popular computer/console games Warcraft, Diablo and Overwatch will now also fall under the Microsoft umbrella… As well as the insanely popular (and addictive) mobile game, Candy Crush. Again, while shares in Microsoft were down by a skosh, investors FLOCKED to ATVI - with shares up roughly 28% at this writing. However, Microsoft is a BIG deal amongst our Money Movers - and even more - it’s BIG on the Green Zone ratings… [Check out the GZ workup here](. I keep telling you guys - the tech world is preparing for the future… And the future is going to be the metaverse. If they’re preparing for it - shouldn’t we? “Our industry does not respect tradition - it only respects innovation.” - Satya Nadella --------------------------------------------------------------- For more quality content like this, and to learn more about the Money Moves team, visit us at [( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets expressly forbids its writers from having a financial interest in their own securities or commodities recommendations to readers. Such recommendations may be traded, however, by other editors, Money & Markets, its affiliated entities, employees, and agents, but only after waiting 24 hours after an internet broadcast or 72 hours after a publication only circulated through the mail. (c) 2022 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: Click here to Unsubscribe

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