| | Tried, Proven, and Ahead of the Curve: Learn Free to Trade with A.I. | | | | | These A.I. Stock Predictions are WOW.
Are you ready for some jaw-dropping insights that could skyrocket your trading performance? Brace yourself because we have some exciting news to share.
Recently, this dual-patented artificial intelligence (A.I.) that's been pioneering A.I. in the stock market since the late 1980s accurately predicted massive bullish reversals (in advance) for three specific stocks.
It was a truly remarkable feat that left traders in awe.
The momentum is still building, and we have more intriguing predictions in store for the upcoming week going down in our Free Live A.I. Stock Market Training. | | | | | | DOW 34,765.74 | -0.52% | | | | S&P 4,404.33 | -0.76% | | | | NASDAQ 13,474.63 | -1.15% | | | | *As of market close | | • | Markets continued lower on Wednesday, following the latest Fed meeting minutes. | | • | Oil slid 2.2 percent, closing at $79.18 per barrel. | | • | Gold dipped 0.7 percent, last going for $1,922 per ounce. | | • | Cryptocurrencies traded lower, with bitcoin at $29,089 at the stock market close. | | | | | | | | | | Retail Sector Fears Have Been Overblown, For Now | | | | The past few months have seen retail stocks underperform on concern that consumers have been slowing their spending. The latest retail sales data indicates that consumers are fine overall. If anything, they're just cutting back on spending unless they can get a big bargain. Investors looking at the retail space should focus either on companies that can offer big, regular sales, or on big box stores that cater to consistent demand. » FULL STORY | | | | | | Insider Activity Report: Keycorp (KEY) | | | | Devina Rankin, a director at Keycorp (KEY), recently bought 10,000 shares. The buy is an initial stake for the director. The total cost for the stake came to $114,900.
This marks the first insider buy since the company's institutional bank head bought 75,000 shares in May. He paid $733,500 to do so. Company insiders have mostly been buyers since March, following the drop in bank stocks. And they were largely sellers last year at higher prices. » FULL STORY | | | | | | Unusual Options Activity: Sea Limited (SE) | | | | Singapore-based e-commerce and digital finance platform Sea Limited (SE) dropped nearly 30 percent on Tuesday. One trader expects shares to decline further in the next month. That's based on the September $35 puts. With 28 days until expiration, 15,097 contracts traded compared to a prior open interest of 376, for a 40-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet.
» FULL STORY | | | | | | • | Consumer Debts Rise as Payments Slow
While consumers are still holding strong on total cash balances, they are declining from their pandemic-era peak. Now, credit card debt has topped $1 trillion for the first time, and delinquent payments are on the rise. That indicates that some consumers may be getting into trouble, even as others have the ability to increase their debt load. | | | | • | U.K. Inflation Drops to 6.8 Percent
Inflation in the United Kingdom dropped to 6.8 percent in July, a 17 month low. Overall, food and energy prices declined overall, which helped lead the drop. Food inflation remains high in the U.K., with a 14.9 percent increase for the year ending July. | | | | • | Apple Starts iPhone Production in India
Tech giant Apple (AAPL) has started production of the iPhone 15 in India. The move is part of the company's plan to diversify manufacturing operations out of China, and improve supply chains. In fiscal 2022, Apple produced nearly 7 percent of all its iPhones in India, or about $7 billion. | | | | • | Intel Calls Off Tower Semiconductor Merger
Chipmaker Intel (INTC) is calling off its plan to buy Tower Semiconductor (TSEM), in what would have been a $5.4 billion deal. Intel will pay a breakup fee of $353 million. The breakup is coming as a number of countries have cited regulatory concerns for the merger of the two companies, which would impact Intel's ability to close the deal in a timely manner. | | | | • | Coinbase Gets Approval to Trade Crypto Futures
Cryptocurrency brokerage firm Coinbase (COIN) has received approval to trade futures on cryptocurrencies and offer that product to US customers. Unlike owning a crypto outright, futures contracts are similar to options in that they provide a low-cost way to profit from a big price move higher or lower in an asset. | | | | | | TOP | | PGR | 8.733% | | | MKTX | 5.349% | | | ALL | 4.359% | | | TJX | 4.168% | | | TGT | 2.896% | | | BOTTOM | | JKHY | 7.151% | | | RHD | 4.834% | | | MPWR | 4.396% | | | SEDG | 4.171% | | | SBAC | 3.908% | | | | | | | | | When considering valuation, we believe the 'E' must substantiate the 'P' in the P/E ratio. As it stands, we are still not convinced corporate profits can sustain a move above the 4,800-range the S&P 500 achieved early last year, particularly given the current level of interest rates. | | - John Lynch, chief investment officer of Comerica Wealth Management, on why the market can rally through the end of the year, but why it may not move too far past its prior all-time high. | | |
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