| February 4, 2015 | Archives | Unsubscribe | | | | |
| | Watch this Disaster in Beautiful "3D" | | - From boom to bust
- a tech train wreck
- Plus: The insanity of golf
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| | Greg Guenthner coming to you from Baltimore, MD... You might want to take that busted 3D printer you wasted all that money on and chuck it out the window.
That's because 3D-printing stocks are absolutely getting pistol-whipped right now. They're done.
So today we're looking at a different kind of tech stock shaping up for a nice bounce...
Sure, the 3D printers were the darlings of traders and investors alike just over a year ago, but now these stocks have one foot in the grave. And the other's close behind.
Industry superstar 3D Systems Corp. (NYSE:DDD) dropped as much as 8% yesterday. Not long ago, DDD was one of the best performing names on the market. But over the past 12 months, this stock has dropped more than 60%.
And DDD isn't alone. Joining in the death spiral is Stratasys Inc. (NASDAQ:SSYS). After announcing profits would probably miss the mark again, the stock tanked more than 30% yesterday.
"The maker of 3D printers now expects to earn $2.07 to $2.24 on revenues of around $950 million. Wall Street had been looking for something more along the lines of $2.91 on $1.01 billion," Yahoo! Finance reports. "About a year ago Stratasys shares were over $130. Now that they're off by more than 60%, no one wants it any more."
That's the understatement of the century, my man. Maybe two centuries.
Yup, the hype cycle finally got the 3D printers. We saw it coming early last year--and we've tracked their downward trajectory ever since.
You see, most industry experts claim consumer 3D printing is at least five years away from mainstream adoption. Others say it'll be even longer. But these 3D printing startups were too busy cashing in to worry about meeting expectations. So when these stocks hit the skids just a few months ago, investors were blindsided.
"And of course, the financial media had guzzled the Kool-Aid, no questions asked," I told you back in October. "3D printers were THE next thing."
Good times will eventually come for these stocks. Heck, you'll probably get the chance to buy them back one day. But for now, the hype cycle has claimed another victim. You can stick a 3D-printed fork in 'em. So...you know what I'm gonna say next: Don't try to catch these falling knives. Just don't. | | | | | If you own mutual funds, stocks, or bonds, or are considering it, you need to check this out while you can. It shows you a shocking forecast for the Dow, backed up with almost 3 years of research. One you'll never expect. | | | | | | | Rude Numbers | Targets, Predictions and Wild Guesses
| | 305 | points were added to the Dow Jones Industrial Average yesterday. That's good enough for a 1.75% gain... | $51.36 | buys a barrel of crude this morning. Oil is all over the place after trading sharply higher Tuesday afternoon. It's down 3% in early trading today... | $1,266 | is where you'll find gold futures this morning. The yellow metal is higher by about $6 in early trading... | $2.58 | is the price of copper today. Dr. Copper has enjoyed a nice little rally over the past week. Will it stick? | 2,034 | marks the spot for S&P futures just before the morning bell. Stocks are looking to open lower today following Tuesday's rally... | | | | | Rude Trends | When to Buy... When to Sell
| | "I just wanted to tell you that I enjoy my insanity," a reader remarks. "I think playing golf qualifies as 'doing the same thing over and over again and expecting a different result.' Don't you?"
Dammit. You're right... I never thought of it that way.
I am a mediocre golfer at best. I've told the crew I play with that if I ever make a hole-in-one, I'll never play again. You could never top that moment, so why try, right?
I probably wouldn't even finish the round. I'd just toss my clubs in the nearest water hazard and walk to the 19th hole to celebrate... [Ed. Note: Send your feedback here: rude@agorafinancial.com - and follow me on Twitter: @GregGuenthner] | | | | Ignore At Your Own Peril | Today's Must Read Links | | | | | BE SURE TO ADD rude@agorafinancial.com to your address book. | | | | Additional Articles & Commentary:
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