Wednesday, August 30, 2023

👆Here’s What Will Lead the Market Higher…

Good morning. Hedge funds are moving out of tech. Considering that sector was the big winner in...
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. Hedge funds are moving out of tech. Considering that sector was the big winner in the first half of the year, taking some profits makes sense. It's also a sign that other sectors look relatively undervalued – and that they could drive the market's next move higher.

That includes moves into the retail sector, which as been a poor performer so far this year. Recent retail earnings suggest things aren't terrible, but that a high level of retail theft remains an issue. If there's any progress on that front, shares of big-box retailers could soar later this year. Another space includes the big media companies, which have been dealing with slower consumer spending and lower ad revenues.

Investors and traders alike can find plenty of oversold opportunities in those sectors. Investors may want to focus on companies paying a divided higher than their five-year historical average. Traders may want to look for companies with the highest short interest for the biggest percentage rebound possible.

Now here's the rest of the news:

Sponsored Content
A.I. Is Reshaping Investing: Are You Prepared?
Traditional investing is out the window – "A.I.nvesting" has arrived.

You may associate A.I. 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 most A.I. are notoriously opaque – not exactly ideal for a technology you're entrusting with your hard-earned money.

Luckily, VantagePoint is hosting a FREE live A.I. stock market training, where you can see this incredible technology in action – and gain a full understanding of how it can boost your trading strategy.

Attend FREE: Harnessing A.I. Technology for Trading Success (Now!) > >

MARKETS
DOW 34,852.67 +0.85%
S&P 4,497.63 +1.45%
NASDAQ 13,943.76 +1.74%
*As of market close
Markets moved higher on Tuesday, extending gains for a third consecutive day.
Oil rose 1.4 percent, closing at $81.23 per barrel.
Gold rose 1.0 percent, last going for $1,966 per ounce.
Cryptocurrencies jumped higher, with bitcoin at $27,866 at the stock market close.

Today's TOP TIPS
This Retailer May Be Ready to Jump Higher
Retail stocks have been an out of favor sector with the market this year. Consumer spending on goods has dropped. And there's been a rise in retail theft leading to higher levels of inventory loss, known in the industry as shrinkage.

However, some companies could fare better than others going forward, and those that can improve on earnings and keep inventory low could give investors a great return in the months ahead.

» FULL STORY

Insider Activity Report: Forward Air Corp (FRWD)
Chris Ruble, COO at Forward Air Corp (FRWD), recently bought 1,433 shares. The buy increased his stake by 5 percent, and came to a total price just under $100,000.

The buy came about a week after five different company directors bought shares in the 500 to 5,000 share range, with the largest buy coming to $321,650. Other company insiders have been active buyers earlier this year. The last insider sale occurred in May 2022.

» FULL STORY

Unusual Options Activity: BlackBerry (BB)
Mobile security system developer BlackBerry (BB) surged higher last week on a rumor that the company was going to be bought out. One trader is betting that the rumor is false and shares will trend lower in the coming weeks.

That's based on the September 22 $5 puts. With 23 days until expiration, 8,407 contracts traded compared to a prior open interest of 292, for a 29-fold rise in volume on the trade. The buyer of the puts paid $0.30 to make the bearish bet.

» FULL STORY

IN OTHER NEWS
Americans Increasingly Ditching Home Insurance

Citing the rising prices of coverage, Americans are increasingly ditching homeowners insurance. That leaves them at considerable risk in the event of a disaster, but it's also one areas that's seen double-digit growth every year for the past several years. Typically, home mortgage policies require a homeowner to carry insurance.
DOT Issues Record Fine to American Airlines for Tarmac Delays

The Department of Transportation has levied a $4.1 million fine against American Airlines (AAL), for lengthy tarmac delays on 43 flights between 2018 and 2021. The longest delay was just over six hours long, in excess of the three hour delay that kicks off the fines. This marks the largest-ever fine for an airline delay to date.
Robinhood Mysterious Bitcoin Buyer

Over the past few weeks, one buyer has been adding cryptocurrency bitcoin hand over fist, with over $3 billion in purchases. The buyer, according to chain data, is discount brokerage Robinhood (HOOD). The broker is likely moving to get in ahead of potential approval for a bitcoin ETF, which many see as a potential catalyst to send prices higher.
Google to Sell Map Data to Solar Producers

Tech giant Google (GOOG) is looking to sell map data to provide companies with environmental data. The goal would be to find the best ways to incorporate technology such as solar panels onto building roofs. The company sees a number of potential clients, and expects to generate an extra $100 million in revenue in the first year of sharing this detailed data.
OpenAI Launching ChatGPT Option for Enterprise Customers

OpenAI, creator of ChatGPT, is launching ChatGPT Enterprise, a business-focused version of its popular generative AI chatbot app. The AI can perform the same tasks as the basic model, including writing emails and drafting entire essays, with additional privacy and data analysis capabilities and customization options.

S&P 500 MOVERS
TOP
TSLA 7.688%
CTLT 4.755%
PODD 4.564%
CHTR 4.421%
MELI 4.418%
BOTTOM
PCAR 2.724%
NSC 1.643%
NRG 1.277%
DLTR 1.172%
CMI 1.07%

Quote of the Day
As long as economic growth is strong, a resurgence in inflation is a risk. As such, the first Fed rate cut will likely only come in late 2Q 2024, once job losses have risen and growth has clearly slowed. By next summer, we will be able to determine if Fed Chair Powell could 'navigate by the stars under cloudy skies.
- Seema Shah, Chief Global Strategist, Principal Asset Management, on the potential for inflation pick up in the coming months, which will keep interest rates at current levels or higher through the first half of 2024.

Sponsored Content
Attending The Real-time A.I. Ticker Forecasting?
Did you know there's a method to receive 4 points of confirmation on every trade - before you make the trade…

…making it easy to pinpoint trend reversals with great accuracy, a lot can change for your portfolio when you know the right time to enter and exit.

Like a traffic light, the simple GREEN, YELLOW, and RED classification has helped traders avoid disaster – even in today's treacherous market.

Join us, live, and see these four stocks that are about to explode this FREE real-time A.I. Demonstration Here >


Not sure the best way to get started?
Follow these simple steps to hit the ground running.

› Step #1 - Get These FREE Reports:

Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 |
7 High Yield Dividend Stocks

Step #2 - Join our Live Trading Room:

Trading with Manny

› Step #3 - Claim Your Free Copy Of:

Big Book Of Chart Patterns | How to Trade Weekly Options For Weekly Income

We just wanted to take a moment and say thank you so much for being part of our family! We are dedicated to teaching people how to make the world a better place so we can all thrive, together. We love sharing stories and featuring past learners who have applied our teachings and changed their situations. It's our passion to build a strong community centered around fun and mindset! We love to discover extraordinary and useful tools and share them with the world! We create a space where people can discover how to enjoy their lives by simply choosing to learn. Every day we are building and strengthening partnerships with our customers and clients and we do so in the most ethical way possible. We particularly love working with artisans, makers, and small businesses because through their passion and their craft they help make the world a better place.. Without all of you we wouldn't be able to do what we do on a daily basis and for that we say thank you. We've been living our dream for many years now and that wouldn't be possible without every single one of you. The idea of going from a typical nine to five life to a life of freedom doesn't seem real to most people, but we want you to know it is definitely possible. We've done it. You have the power to control your life, your actions, and what you choose to focus on. We're here to help you along that journey to achieve whatever goals you set out for yourself. However, we also care about keeping you and your privacy safe. We are committed to advising you of the right to your privacy. We strive to provide a safe and secure user experience. Our Privacy Policy explains how we collect, store and use personal information, provided by you on our website. It also explains how we collect and use non-personal information. By accessing and using our website, you explicitly accept, without limitation or qualification, the collection, use and transfer of the personal information and non-personal information in the manner described in this Privacy Policy. Please read this Policy carefully, as it affects your rights and liabilities under the law. If you disagree with the way we collect and process personal and non-personal information, please do not use this website. This Policy applies to this website as well as all webpages Company hosts. It regulates the processing of information relating to you and grants both of us various rights with respect to your personal data. It also informs you of how to notify us to stop using your personal information. We are located in the United States of America. You may be located in a country that has laws which are more restrictive about the collection and use of your personal information. However, by using our website, you agree to waive the more restrictive laws and agree to be governed by the laws of the United States of America. If you wish to view our privacy policy, you can find it below.



Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.

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.

Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.



 

This email was sent to edwardlorilla1986.paxforex@blogger.com by editor@tradingtips.com

TradingTips.com | 3435 Ocean Park Blvd. Suite 107-334 Santa Monica, CA 90405

Manage Subscriptionsreport SPAM


 

No comments:

Post a Comment

Trump's Economic Policies: Is Deere & Company (DE) Set to Harvest Gains?

Donald Trump's economic policies have often sparked debate among economists and investors. From imposing tariffs on imported goods to ...