By Richard Robinson
Tencent absolutely dominates China’s social networks. But its reach goes beyond that.
Tencent is also the world’s leader in electronic gaming, based on sales. And gaming continues to be the company’s largest growth engine. Tencent is already the world’s 11th-biggest company.
And it’s growing fast. Analysts’ revenue estimates through 2020 show an average growth rate of 29.5% per year as revenues more than double to $63.7 billion. Simply put, growth investors must have a position in Tencent.
Investors should consider the PureFunds ISE Mobile Payments Fund (NYSE: IPAY).
Euronet Worldwide (Nasdaq: EEFT) is everywhere. It has 61 offices in 41 countries and is primed to take advantage of the megatrend in mobile payments. But the company also has an ace up its sleeve.
Euronet recently bid nearly $1 billion for MoneyGram. That deal will double Euronet’s revenues and make the company a major player globally.
Buy shares of Tencent Holdings up to $33 per share. Use a $15 hard stop-loss.
Buy shares of IPAY up to $29 a share. Use a 15% trailing stop on the shares.
Buy shares of Euronet Worldwide up to $88. Use a $60 hard stop.
Commit no more than 2% of your portfolio to any one holding. The holding period for all of these securities is five years.
Source: Street Authority
http://dailytradealert.com/2017/04/08/3 ... s-society/
