Revealed: Eric Wade’s “Elon Musk’s Project Dojo” Stocks

Eric Wade of Stansberry Research is back with another stock teaser.

And like so many stock pickers, he invokes the name of Elon Musk to grab your attention.

He makes a lot of big claims in this presentation and wants you to invest in three stocks in total.

However, he wants you to pay to learn their name.

I have good news, though, and Wade left enough clues to figure out all three stocks.

I will be revealing them here and giving you information on each stock so you can determine if they're worth investing in.

Let's get started now!

Video Overview

What Is Project Dojo?

Before we reveal the name of the stocks, let's investigate the teaser and what Eric Wade is talking about.

Wade is hinting at something called "Project Dojo" that involves Elon Musk.

So what the heck is "Project Dojo?"

Elon Musk, always the guy pushing the boundaries, is building a brain for his robot cars. Not just any brain, but a super-powered, custom-built one called Project Dojo. This isn't your average supercomputer with blinking lights and whirring fans, though. Dojo is more like a futuristic AI gym, pumping iron with mountains of video data from millions of Teslas zipping around the world.

Why all the muscle-building? Dojo is training Tesla's self-driving tech to become a Jedi master of the road. Think of every time a Tesla dodges a squirrel or navigates a hairy intersection – that's Dojo flexing its digital biceps. The more data it crunches, the smoother and safer future rides become.

But Dojo isn't just about Teslas. It's like a peek into the future of AI, where custom-built hardware and software tango to create mind-blowing results. Scientists and tech geeks are watching Dojo like a hawk, waiting to see if it becomes the blueprint for the next generation of super-intelligent machines.

Of course, with Elon at the helm, there's always a bit of drama. Some folks say Dojo is a pipe dream, too expensive and ambitious to work. Others cheer it on as a potential game-changer. Whether you're Team Hype or Team Skeptic, one thing's for sure: Project Dojo is a wild ride we can't wait to see unfold.

Overall, this pitch from Wade is about self driving cars and generative AI.

So let's take a look at the stocks he wants you to buy now.

The Best Way To Profit From The EV Revolution

The first stock is Wade's favorite way to profit from the EV revolution.

The stock he's talking about is ABB Ltd.

ABB Ltd. isn't exactly a household name, but behind the scenes, this Swiss-Swedish giant powers our world. Think robots zipping around factories, electricity whizzing through power grids, and even the smooth hum of your local train. They're the maestros of electrification and automation, making industries run smarter and smoother.

So, what makes ABB a potential investment gem?

• Global reach: With tentacles in over 100 countries, ABB is like a seasoned traveler, navigating diverse markets and regulations with ease. This diversification is a shield against economic hiccups in any single region.
• Innovation engine: They're not just fixing toasters here. ABB is constantly churning out cutting-edge tech, from AI-powered robots to self-healing power grids. This focus on the future bodes well for long-term growth.
• Sustainability champ: Green energy is the name of the game, and ABB is leading the charge. From solar power integration to energy-efficient motors, they're helping industries go green, which attracts eco-conscious investors.

But, as with any power line, there are potential sparks to consider:

• Economic dependence: ABB's fortunes are tied to the health of heavy industries like manufacturing and construction. If these sectors sputter, so might their stock price.
• Competition is fierce: They're not the only ones playing in the electrification sandbox. Siemens, Schneider Electric, and GE are all heavyweights vying for market share, keeping ABB on their toes.
• Execution risk: Implementing complex automation and electrification projects can be tricky. Any hiccups or delays could dim investor confidence.

The verdict? ABB is a compelling option for investors seeking exposure to the vital (and growing) industries of electrification and automation. Their global reach, innovation prowess, and sustainability focus are attractive, but keep in mind the economic dependence and competitive landscape.

#1 AI Stock For 2024

The second stock is Wade's favorite AI stock for 2024.

This stock is UiPath.

UiPath builds software robots that mimic human interactions with computer applications. Think of it as having tireless digital assistants automating repetitive tasks like data entry, order processing, and customer service inquiries. This frees up human employees for more strategic and creative work, boosting productivity and efficiency.

The good stuff:

• Market leader: UiPath is the undisputed leader in the RPA space, boasting a vast customer base and strong brand recognition. This gives them a head start in a rapidly growing market.
• Impressive financials: UiPath has been on a tear lately, with consistent revenue growth and healthy margins. They're also investing heavily in R&D, positioning themselves for future innovation.
• Secular tailwinds: Automation is a megatrend driven by factors like globalization, digitalization, and workforce shortages. UiPath sits at the forefront of this wave, poised to benefit from its continued momentum.

But it's not all sunshine and rainbows:

• Competition: The RPA space is heating up, with established players like Microsoft and Automation Anywhere nipping at UiPath's heels.
• Valuation concerns: UiPath's stock has taken a beating in recent months, raising concerns about its high valuation compared to its current profitability.
• Execution risk: UiPath needs to continue executing flawlessly to maintain its lead and justify its premium valuation. Any hiccups in growth or product development could spook investors.

So, should you invest in UiPath?

That depends on your investment goals and risk tolerance. If you're looking for a high-growth stock with exposure to a promising market, UiPath could be a good fit. However, be prepared for volatility and the potential for competition to erode its market share. If you're looking for something less risky, you might want to consider established tech giants with their own RPA offerings.

The Critical Driverless Tech You Must Own

The last stock is a play on driverless cars and the stock is Ciena Corporation.

This American company is a networking powerhouse, crafting the invisible highways that carry our internet traffic, streaming videos, and connecting businesses around the globe. They build the backbone of the digital world, ensuring that information flows as smoothly as a freshly paved road.

So, what makes Ciena a potential investment roadworthy?

• Tech titan: They're not just putting wires together. Ciena is at the forefront of optical networking technology, developing cutting-edge equipment that transmits data at mind-blowing speeds. This puts them in pole position for the ever-growing demand for bandwidth.
• Software savvy: It's not just hardware anymore. Ciena is all about network automation and management software. This helps their customers keep their networks humming efficiently, adding another layer of value to their offerings.
• Global reach: They span the globe, serving the who's who of the telecom industry, from giants like AT&T to rising stars in emerging markets. This diversification protects them from regional economic hiccups.

But, as with any network cable, there are potential snags to consider:

• Competition is fierce: Huawei, Nokia, and Cisco are all vying for a piece of the networking pie. Ciena needs to keep innovating and differentiating itself to stay ahead of the pack.
• Economic dependence: Their fortunes are tied to the health of the tech and telecom sectors. If these industries sputter, so might Ciena's stock price.
• Technology churn: The networking landscape is constantly evolving. Ciena needs to be nimble enough to adapt to new technologies and market trends, or risk getting left behind.

The verdict? Ciena is a compelling option for investors looking for exposure to the critical and growing market of high-speed networking. Their tech leadership, software focus, and global reach are attractive, but keep in mind the competitive landscape and economic dependence. Ultimately, it's your call whether to plug into this tech trailblazer or seek connections elsewhere.

Conclusion

So that's the end of my video covering Eric Wade's latest stock teaser.

You now know the names of all the stocks.

You'll have to decide if they're worth investing in, and I hope I've given you enough information to be able to do that.

Let me know in the comments if you plan on investing in these "Project Dojo" stocks.

Until next time!