Monday, July 12, 2021

😏For Better Investment Returns, Find the Person Who’s Always Wrong😏

Good morning. In every endeavor of life, there's always someone who's a self-proclaimed expert…
It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.

Good morning. In every endeavor of life, there's always someone who's a self-proclaimed expert… but who tends to get it completely wrong.

By finding those individuals and then taking the opposite approach lies the path to riches.

Call them anti-experts, call them contrarian indicators, call them desperate celebrities, it's all a rose by any other name that can be used to find profitable ideas. Without naming names, such people can be found all across the investment spectrum.

One reason for a bounce higher in Bitcoin prices on Friday appears to be a warning from one of these anti-experts, who made the case for the cryptocurrency to now drop to $10,000. It just goes to show, if you know who to listen to (and who to take the opposite approach of), you can get an idea for where certain assets are heading.

Now here's the rest of the news:

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MARKETS
DOW 34,869.17 +1.30%
S&P 4,369.50 +1.13%
NASDAQ 14,701.92 +0.98%
*As of market close
Stocks moved higher on Friday, shaking off Thursday's drop.
Oil rallied 2.3 percent, closing at $74.61 per barrel.
Gold rose 0.5 percent, last going for $1,810 per ounce.
Cryptocurrencies traded mixed, with Bitcoin at $33,447 at the stock market close.

Today's TOP TIPS
Growth Trends Will Continue to Make Popular Stocks More Valuable

Sometimes, a company will be caught in a virtuous loop, where its rising share price attracts analyst upgrades. In turn, the shares rise again, prompting more analysts to turn bullish. While that can sometimes end up looking a little silly in hindsight, for the right company, it may be a sign that growth is taking off.

That could be the case with a big growth story in the markets right now, especially when the virtuous cycle leads a company back to all-time highs after a big selloff.

» FULL STORY


Insider Trading Report: Piedmont Lithium (PLL)
Jeffrey Armstrong, a director at Piedmont Lithium (PLL), recently picked up 2,500 shares. The buy increase his stake by more than 14 percent, and came to a total price of just over $174,000.

This follows up from a 4,000 share buy from another director, Susan Jones, the day before. She spent over $292,000 to make the buy. Other than an insider sale around the same time, this is the first insider activity at the firm since 2009.

» FULL STORY

Unusual Options Activity: Expedia Group (EXPE)
Shares of online travel agency Expedia Group (EXPE) has been trending down slightly in recent months as the market has largely priced in the reopening trade. However, one trader sees shares moving higher in the coming months.

That's based on the November $165 calls. Expiring in 129 days, over 12,810 contracts traded against a prior open interest of 205, for a 62-fold rise in volume. The buyer of the calls paid about $14.40 on average to make the trade.

» FULL STORY

IN OTHER NEWS
Biden Prepares Executive Order on Big Tech

President Biden is preparing an executive order with 72 recommendations and actions for how federal agencies should interpret existing laws, with the goal of reining in big tech companies and increasing potential competition.
Dallas Fed President Makes Case for Tapering

Robert Kaplan, President of the Dallas Federal Reserve, is wary on inflation, seeing it as potentially more than transitory. That's why he's become the first member of the Fed to raise the discussion on tightening monetary policy. The first step would be in reducing, or tapering, the bond purchases currently being made by the Fed before raising interest rates.
Fracking Companies Wary as Oil Creeps Higher

Rising oil prices are leading to higher share prices and more financing interest in the space. But shale producers are showing some restraint, given the volatility in the sector. Shale companies tend to carry high debt, and tend to have short-lived wells. That's why this time around, these companies are paying down debt and focusing on buybacks or dividends rather than expanding, which could also help keep oil prices high.
Construction Workers in Short Supply Amid Real Estate Boom

Strong demand for new homes, properties, and solar panel installations is leading to a shortage in construction workers. One estimate puts the labor shortage at as many as 1 million workers. That's in stark contrast to last year, when social distancing concerns largely shut down the construction industry. The space is now about 80 percent recovered, but is still down 238,000 from pre-pandemic levels.
EU Fines Big Automakers on Emissions Cartel

The European Union has fined BMW and Volkswagen a $1 billion fine for their involvement in an emissions cartel. The companies, along with others, colluded to avoid emissions standards in diesel passenger cars and slowing the implementation of cleaner emissions technology. Daimler, as the whistleblowing party, appears to be avoiding fines on this issue.

S&P 500 MOVERS
TOP
M 6.869%
DFS 6.195%
NOV 5.994%
STT 5.679%
SIVB 5.574%
BOTTOM
BIIB 2.951%
DXCM 1.396%
RMD 1.216%
BAX 1.107%
EQIX 0.95%

Quote of the Day
[T]he market continues to contemplate what to do after growth peaks and the Fed turns off the spigot (neither of which have necessarily happened yet) and ahead of a 2Q21 earnings season that starts Tuesday.
- Chris Hussey of Goldman Sachs on why the market has been a bit more volatile lately, even as it hovers near all-time highs, and why investors may expect some bigger moves in the weeks ahead.

Sponsored Content
Just $19 –That's It.
"Hi, my name is Jeff Clark.

For the past 36 years, I've shown people from all walks of life how to make money in the markets. Retired stockbrokers... presidents of companies... people with almost no financial experience... and everything in between.

But I haven't done it the usual way…

My method is different. It's unlike anything you've probably ever seen before.

We're unveiling it right now for just $19.

That's the lowest price my publisher has EVER offered for a trading research service…

And it won't be available for long.

Watch a '10-second live demo' of this method to see how it works."

Watch Now


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As defined in the United States Securities Act of 1933 Section 27(a), as amended in the Securities Exchange Act of 1934 Section 21(e), statements in this communication which are not purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other statements of future tense.

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