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Imagine being an early investor to Apple, or Amazon.com, and sitting on a fortune. Ahhh.
But a failure to identify future technology right now could mean missing out on the next big thing, says our call of the day from a team of Bank of America strategists led by Haim Israel, which highlights 14 potentially lucrative new technologies that represent a $330 billion market now that could be worth $6 trillion by the next decade.
“The pace at which themes are transforming businesses is blistering, but the adoption of many technologies — like smartphones or renewable energy — have surpassed experts’ forecasts by decades, because we often think linearly but progress occurs exponentially,” say the strategists. They say a paradigm shift in the explosion of data, faster processing power and the rise of artificial intelligence will bring about the “fastest rollout of disruptive tech in history.”
And in the big stock universe, an increasing few are showing investors the money. “Over the past 30 years, just 1.5% of companies generated all the net wealth on the global stock market, meaning that actually only a handful of disrupters (“superstar firms”) really influence long-term financial markets,” says Israel and the team.
Here are the 14 technologies: 6G, brain computer interfacing (BCI), emotional artificial intelligence, synthetic biology, immortality, bionic humans, eVTOL (electrical vertical takeoff and landing vehicles), wireless electricity, holograms, metaverse, next-gen batteries, oceantech (ocean energy, precision fishing, etc.), green mining and CCS (negative-emissions technology that captures and stores carbon dioxide before it can be released). This table gives a rundown:
Bank of America
As for the sectors, they say telecoms would be a beneficiary of 6G, new media and entertainment of metaverse and holograms, and big tech platforms are “pioneers in multiple moonshot technologies,” such as emotional AI, brain computer interfaces, bionic humans, and more. E-commerce and retailing are beneficiaries of metaverse tech, while under real estate, data centers and telecom towers would be beneficiaries of 6G creation.
The vast healthcare sector, biopharma, biotech, life sciences, medical technology, are obvious beneficiaries of several moonshot technologies, along with information technology, while metals and mining would benefit from green mining, next-gen batteries and oceantech, with chemicals poised to benefit from synthetic biology and next-gen batteries.
Here’s one last massive chart from Bank of America that shows how those new technologies may change our lives.
Moderna pushes for boosters and here come
retail sales
A big batch of data is headed our way, starting with retail sales, which is expected to follow up July’s 1.1% tumble with a 0.7% drop in August. Weekly jobless claims and the Philadelphia Fed manufacturing index are also ahead.
On the heels of a similar study from Pfizer
PFE,
Moderna
MRNA,
said a study of its vaccine shows waning efficacy of COVID shots over time, supporting the need for a booster.
Cisco
CSCO,
shares are up after the network equipment maker’s upbeat revenue forecast.
CF Industries
CF,
which manufactures hydrogen and nitrogen products, is halting operations at two U.K. plants, citing high natural-gas prices. A shortage of the commodity in Europe and the U.K. has morphed into a major crisis for the regions.
SpaceX’s first private flight and first-ever all amateur crew began a three-day mission to orbit high above the earth on Wednesday.
Ho ho, oh no. You could pay more or even miss out on that artificial Christmas tree thanks to supply chain hiccups that are threatening to spoil the holidays.
The markets
Stock futures
YM00,
NQ00,
are slipping after Wednesday’s solid session, with a Yom Kippur holiday likely keeping volumes down. “Quadruple witching” options expiries are also looming. Asia may have been a drag Not helping were more losses in Asia, with the Hang Seng
HSI,
dropping 2% and China’s CSI 300
000300,
losing 1% with tech regulatory worries a continued overhang.
Read: How the ‘buy Yom Kippur sell Rosh Hashana’ trading theme is playing out in the stock market in 2021
The chart
As we wait for retail sales, here’s a chart showing lots of pessimism is out there:
Random reads
Long-eared Lou the dog and a 7-foot teen among the new entries in the 2022 Guinness Book of World Records.
University of Noah’s Ark? More students are bringing comfort pets onto campus. But also their pet’s pet.
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