Coinbase Omitted From Motley Fool's Top Picks
The current administration in the U.S. is pushing for legislation that would be beneficial to the cryptocurrency industry, but this news doesn't necessarily mean it's time to buy Coinbase Global stock.
In fact, The Motley Fool's Stock Advisor analyst team has identified its top 10 picks for investors to buy now, and Coinbase Global wasn't one of them. This decision is based on past performance, with the team boasting an average return of 986% compared to the S&P 500's 214%.
The Motley Fool cites two examples from their archives: Netflix in December 2004 and Nvidia in April 2005. If investors had followed their recommendations back then, they would have seen massive returns - $430,571 for a $1,000 investment in Netflix and $1,399,268 for the same amount invested in Nvidia.
The team is now offering its latest top 10 list to Stock Advisor subscribers, which could potentially produce monster returns in the coming years. However, it's essential to consider this information before making any investment decisions about Coinbase Global stock.