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- Breakout Brewing? Watch This Stock Today!
Breakout Brewing? Watch This Stock Today!
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Join Jeff Williams in our Market Masters Room this morning from 9am to 11am ET to watch and listen as he breaks down markets and some of the hottest penny stock movers today.
The last few weeks have been one big rollercoaster for the markets. 🎢
Big swings UP… then right back DOWN… over and over.
Can you believe that the QQQ is still trading at the same level it was a month ago?
All this “chop” and the index has made zero progress. I still think a new all-time high is around the corner, maybe even before the end of the week.
While bigger stocks are a mess right now, my smaller stock ideas have been absolute gems lately.
Did you happen to catch the one I showed you yesterday before the market opened?
It was a brutal trading day for most, but this stock was among the few big winners.
I hope we can keep repeating that type of success!
My tactical stock of the day 🔥 is widely considered the first-mover in the smart glasses space, and has already produced frames that are indistinguishable from popular styles of Ray-Bans or Oakleys.
Go ahead and pull up Vuzix Corporation (VUZI) on your favorite trading platform.
I mentioned this stock to you a few weeks ago, and we saw a lovely double-digit move higher shortly after.
Right now, I think VUZI is setting up perfectly on a technical level.
I think this is a “picture-perfect” breakout.
Ever since the last “GO” signal was fired on September 25, the stock has been surging higher above the 20-day moving average.
Today is a key day to watch and see if this trend will continue and possibly make new higher, or if the trend will finally break lower.
With the markets rocking higher today, now is the ideal time to start watching VUZI once again.
I think this is all due a major development that happened around a month ago.
Do you see that big price and volume spike on September 3 on the chart above?
That is when VUZI announced a $20M investment from Quanta Computer, a global Fortune 500 company with more than $35 billion in consolidated revenue in FY 2023.
$10 million of that investment arrived on September 16 in above-market share purchases, and two additional $5 million installments “will be subsequently done at the higher of $1.30 per share or a 30-day VWAP (volume-weighted average price).”
The deal marks a strategic partnership with Quanta “to jointly develop new AI smart glasses and manufacture waveguides at scale for both Vuzix’ and Quanta’s customers.”
Quanta’s vice president Frank Chuang said the investment is “a strong endorsement of our partnership.”
Analysts who follow the stock seem to agree. The average 12-month price target is over 120% higher than current levels…
But I’m getting a little ahead of myself…
If you aren’t familiar, VUZI is a designer and manufacturer of smart glasses and augmented reality (AR) technologies for the enterprise, medical, defense, and consumer markets.
Unlike Meta’s gaudy Orion glasses or Apple’s new Vision Pro goggles, VUZI produces subtle, lightweight glasses that can be worn comfortably all day long, and that don’t make the user look like a cyborg.
Many of its glasses are indistinguishable from popular styles of Ray-Bans or Oakleys:
Vuzix’s Z100 smart glasses.
VUZI has been around since 1997, and it really is the “first mover” in the smart glasses space. As a result, it holds 375 patents and pending patents on critical technologies such as waveguides, mechanical packaging, and optical systems.
Waveguides are thin optics that are fully transparent but that guide light waves along specific paths so a user can see overlays on the real-world scene.
Vuzix’s waveguide-equipped glasses can pair with a cell phone via WiFi or Bluetooth, enabling limitless applications.
Already, its glasses are used in healthcare, manufacturing, and field service. They’re used by the hearing impaired and for real-time language translation.
But with the dawn of artificial intelligence, the potential of VUZI’s glasses has exploded.
As a Forbes writer put it in a December profile on VUZI, “Given enough time, something assuredly will supplant the smartphone someday… and it’s not a bad bet to believe wearables, AI, and AR will band together to lead the revolution towards a new regime.”
Over the years, the company has subcontracted for Raytheon, contracted with DARPA, received a $25 million investment from Intel, and partnered with BlackBerry.
Today, it boasts substantial investments from Cathy Wood’s Ark Investment, Blackrock, Vanguard, and Citadel.
In December, VUZI cut the ribbon on its state-of-the-art waveguide manufacturing facility in Rochester, New York, which can produce as many as one million waveguides per year in its current configuration, and there is additional room for expansion.
Unlike the expensive silicon carbide lenses that boost Meta’s Orion prototypes to about $10,000 per pair, VUZI’s lenses are vastly less expensive.
The Z100 smart glasses pictures above retail for just $799.99, for instance.
VUZI’s revenues have softened a bit in recent quarters but press releases over the last several months reveal it has many very hot irons in the fire that could ramp up revenues dramatically:
April 4: The company received “additional orders” from two aerospace and defense firms “to further develop and deliver waveguide-based display solutions in 2024.”
April 23: VUZI revealed orders from a Fortune 100 company for its M400™ smart glasses.
May 14: It announced a “multi-phase development contract with Garmin for next generation nano-imprinted waveguide-based display system.”
June 3: Vuzix received a Smart Business Innovative Research (SBIR) Phase I contract from the Air Force to “begin developing and supplying innovative waveguide and [head-mounted display] capabilities.”
June 13: VUZI announced a “significant leap forward in display technology” with the production of large format waveguides “which can range in diagonal size from several inches to several feet or more.”
And that’s not to mention its new strategic partnership with Quanta.
In a letter to shareholders this month, VUZI CEO Paul Travers wrote that “As of mid-2024, we had $10 million in cash, with an additional $10 million from Quanta, plus $10 million more expected to follow in 2025. Combined with top-line growth and cost-saving measures, we are confident in our operational runway through at least the end of 2025.”
A February article at InvestorPlace columnist included VUZI as one of “3 Companies Ready to Beat the Odds,” reasoning that “fundamentally, as a technology enterprise focused on wearable virtual reality and augment reality display innovations, the company stands on fertile ground.”
I think there’s a great fundamental case to be made for VUZI, but as always, be sure to do your own research and approach your trading in a responsible manner. Trading is very risky, and nothing is ever guaranteed, so never trade with more than you can afford to lose.
Please read the full disclaimer at the bottom of this email as well so you are aware of additional risks and considerations. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration.
Bottom line: VUZI has been off to the races since its big September announcement, and any number of its irons in the fire — whether with DoD, Garmin, Quanta, or others — could turn into serious additional revenue.
The go/no go algo is lighting up like a Christmas tree and I think we could be in store for serious momentum today.
Be sure to keep VUZI at the very top of your radar, and let’s see where it goes!
To Your Success,
Jeff Bishop
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*Just so you know, what you're reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let's be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren't what you'd call “typical.”
Just a quick heads up about this ad you're reading—as we’ve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above,received twenty five thousand dollars (cash) from Sica Media for advertising Vuzix Corporation for a one day marketing program on October 24, 2024
Prior to that, we received twenty five thousand dollars (cash) from Sica Media for advertising Vuzix Corporation for a one day marketing program on October 10, 2024 and also twenty thousand dollars (cash) from Sica Media for advertising Vuzix Corporation for a one day marketing program on August 12, 2024. Previously, we received fourteen thousand dollars by ach bank transfer by Lifewater Media for advertising Vuzix Corporation for a one day marketing program on April 27, 2023. These amounts were paid by someone else not connected to Vuzix Corporation. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.
Now, diving right into Vuzix Corporation might sound exciting. But remember, it’s like venturing into the wilderness—be aware that there's exceptional risk involved in trading. This isn't small potatoes we're talking about; you could lose every dime you put in, so always carefully think about what you’re doing. That’s why they call this trading, after all. We're shining a light on the good stuff about the company here, but it's on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.
Oh, that brings us to another crucial point—we're not here to tell you (or even recommend) what you should do with your hard-earned money. We’re simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We’re obviously biased in our writing. We’re not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as “forward-L00king statements” under the securities acts, so take those with a grain of salt. As with all forecasts, they’re not set in stone, often wrong, and we certainly can’t know where the Company’s earnings, business, or share price will be tomorrow or a year from now.
Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can't wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a pro—someone you trust who's licensed to give you real advice. To be clear,
Neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1ties br0ker-dealer, br0ker, 1nvestment advis0r (IA), or IA rep’s with the SEC, any state securities regulat0ry authority, or any self-regulat0ry organization.
So, that's the scoop! If you're intrigued and want to learn more about the companies we talk about, hit up the SEC's website to dig into their filings and see the full picture.