| | A.I. Is Reshaping Investing: Are You Prepared? | | | | | Traditional investing is out the window – AInvesting has arrived.
You may associate it with self-driving cars and chatbots that can write college papers. But A.I. is also making a huge impact on markets and trading – VantagePoint's dual-patented generative A.I. can predict market trends 1–3 days in advance with up to 87.4% proven accuracy.
You can put that revolutionary power to work for your portfolio. But the inner workings of A.I. are notoriously opaque – not exactly ideal for a technology you're entrusting with your hard-earned money.
Attend FREE: Harnessing A.I. Technology for Trading Success (Now!) > > | | | | | | DOW 35,473.13 | +1.16% | | | | S&P 4,518.44 | +0.90% | | | | NASDAQ 13,994.40 | +0.61% | | | | *As of market close | | • | Markets rallied on Monday, reversing part of last week's big drop. | | • | Oil dipped 0.4 percent, closing at $82.47 per barrel. | | • | Gold dropped 0.2 percent, last going for $1,972 per ounce. | | • | Cryptocurrencies traded flat overall, with bitcoin at $29,103 at the stock market close. | | | | | | | | | | Investors Love AI, But They Haven't Forgotten This Profitable Tech Trend | | | | Every few years, if less, investors find a new tech story to love. The past few years has seen interest shift to artificial intelligence, following an interest in the growth of electric vehicles, as well as blockchain and cryptocurrency technology. One trend is a bit older, having been around for nearly 10 years. And as a more mature trend, it's leading to big cash flows and profits for companies embracing it now. » FULL STORY | | | | | | Insider Activity Report: Boeing (BA) | | | | Steven Mollenkopf, a director at Boeing (BA), recently added 850 shares. The buy increased his holdings by 29 percent, and came to a total cost of $201,450. This marks the first insider buy at the airplane manufacturer this year. Last year saw Mollenkopf buy on two occasions, picking up nearly 1,800 shares. Another director bought 5,000 shares, and the company CEO bought 25,000 shares as well. There have been two small insider sales so far this year. » FULL STORY | | | | | | Unusual Options Activity: Intel (INTC) | | | | Semiconductor manufacturer Intel (INTC) has been rallying this year, after investors wrote off the company last year for hotter plays in the chip market. One trader is betting that shares will continue higher through next spring. That's based on the March 2024 $41 calls. With 220 days until expiration, 7,143 contracts traded compared to a prior open interest of 229, for a 31-fold rise in volume on the trade. The buyer of the calls paid $2.11 to make the bullish bet.
» FULL STORY | | | | | | • | Traders Bet on Interest Rates Staying Higher for Longer
Yields on 10-year U.S. Treasury bonds hit their highest level in over a decade, topping 4.06 percent. Traders are betting that interest rates will stay higher for longer overall, even as yields on shorter-term bonds have held steady. Overall, trader see interest rates near their peak, but likely to stay elevated for now. | | | | • | Barbie Tops $1 Billion at Box Office
Three weeks following its release, the Barbie movie has grossed $1.03 billion worldwide. The movie was released through Warner Bros Discovery (WBD), and is based on the popular doll sold by Mattel (MAT). The toymaker is looking to convert other toys in its lineup into feature films. | | | | • | Apple Prepares for iPhone 15 Launch
Apple (AAPL) is looking to launch its latest version of the iPhone, the 15, in late September. The product is a massive revenue generator for the company, and sales are often used as an early sign of consumer sentiment and spending. In the most recent quarter, iPhone sales were down by 2 percent. | | | | • | PayPal Launches Stablecoin
Payment platform PayPal (PYPL) is launching its own stablecoin for payments and transfers. Tied one-to-one with the US dollar, PayPal USD (PYUSD) will be issued by Paxos Trust, and will allow increased functionality with other PayPal services such as storing and transferring money. | | | | • | Lucid Cuts EV Prices
Electric vehicle manufacturer Lucid Group (LCID) is lowering the prices on its Air Luxury sedans. Some see the price drop as a sign that there may be trouble with demand. However, other EV manufacturers have lowered prices so far this year, including industry leader Tesla Motors (TSLA) with a series of price drops. | | | | | | TOP | | MNST | 5.616% | | | BKNG | 5.401% | | | MELI | 5.235% | | | GEN | 4.826% | | | CCL | 4.43% | | | BOTTOM | | MRNA | 6.771% | | | TSN | 4.587% | | | HSIC | 3.695% | | | ENPH | 3.482% | | | GNRC | 2.712% | | | | | | | | | People… seem more respectful of risk than they were before… lots of bears have been capitulating, which is often a sign that we're closer to the end of a rally than the beginning. | | - Steve Sosnick, chief strategist at Interactive Brokers, on why the market's uptrend may take a pause for a few weeks as investors reassess risks. | | |
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