 | | 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 34,474.83 | -0.84% | | | | | S&P 4,370.36 | -0.77% | | | | | NASDAQ 13,316.93 | -1.17% | | | | | *As of market close | | | • | Markets continued lower on Thursday, adding to losses for the week. | | | • | Oil rose 0.9 percent, closing at $80.12 per barrel. | | | • | Gold dipped 0.5 percent, last going for $1,919 per ounce. | | | • | Cryptocurrencies slid lower, with bitcoin at $27,843 at the stock market close. | | | | | | | |
| | | Interest Rate Fears Make this Opportunity Attractive | | | | The latest Fed meeting minutes suggest the central bank may continue to raise interest rates. However, the steady increases of the past year are over. With interest rates likely near, if not at, their cycle peak, some investments look better than others.
Fixed income could perform well here, as prices on assets like bonds will rise as interest rates move lower. But it's also likely that we've seen the worst of the selloff in defensive parts of the market, such as utility stocks.
» FULL STORY | | | | |
| | Insider Activity Report: Lyft (LYFT) | | | | John Risher, CEO at Lyft (LYFT), recently bought 100,000 shares. The buy increased his stake by 1 percent, and came to a total cost of $1.15 million.
He was joined by a company director who bought 8,826 shares, increasing his stake by 28 percent, and paying just under $100,000. These are the only insider buys at Lyft over the past two years. There have been nearly two dozen sales from directors and executives over the past two years.
» FULL STORY | | | | |
| | Unusual Options Activity: Suncor Energy (SU) | | | | Oil and gas exploration and production company Suncor Energy (SU) is slightly down over the past year as energy prices have moderated. One trader sees shares trending higher into the end of the year.
That's based on the December $34 calls. With 119 days until expiration, 45,164 contracts traded compared to a prior open interest of 317, for a 142-fold rise in volume on the trade. The buyer of the calls paid $1.27 to make the bullish bet.
» FULL STORY | | | | |
| | • | New Home Construction Rose in July
Housing starts increased by 6.7 percent in July, as builders ramped up production over the sunny summer months. Home affordability remains a problem with today's high interest rates. And those high rates are inducing homeowners who locked in low rates to sit tight, which has kept the housing supply tight. | | | | • | Bond Yields Hit Highest Levels Since 2008
10-year U.S. Treasury notes have risen to over 4 percent, hitting their highest levels in 15 years in 2008. Traders have largely spent the year expecting interest rates to come down. However, the latest Fed meeting minutes show that the central bank could raise interest rates further in the months ahead, which is leading traders to bet on a further rise in bond yields. | | | | • | Fed Sees "Upside Risks" to Inflation
The latest meeting minutes of the Federal Reserve indicated that officials were divided as to further rate hikes overall. However, the bank noted that more rate hikes could be necessary unless inflation starts to cool. Markets had expected the most recent rate hike, leaving rates at 5.25-5.5 percent, to be the final hike of this cycle. | | | | • | Gump's Could Close Iconic San Francisco Location
Luxury department store Gump's has stated that they may be in their last year of operations, given deteriorating conditions in downtown San Francisco. The store was founded in 1861, and was acquired by its most recent owner following a Chapter 11 bankruptcy filing in 2018. | | | | • | CATL Reveals Fast-Charging Battery
Chinese battery company CATL has revealed its Shenxing battery. The new battery can refuel up to 250 miles of range in just 10 minutes, solving one of the big problems facing electric vehicles today. The battery maker is a major supplier to the industry, particularly Tesla Motors (TSLA). | | |
| | | | TOP | | | MRNA | 7.157% | | | | CSCO | 3.559% | | | | PFE | 3.171% | | | | JNPR | 2.839% | | | | EMN | 2.491% | | | | BOTTOM | | | CVS | 8.353% | | | | CI | 6.226% | | | | CDAY | 5.947% | | | | RMD | 5.101% | | | | DHI | 4.801% | | | | |
| | |  | | Markets continue to sell off as the Fed minutes underscore that the economic backdrop needs to pull back so that demand softens accordingly. Recent third-quarter GDP estimates, coupled with fresh retail sales data, suggest a much more robust underpinning to the economy, certainly not what the Fed wants to see as they navigate the so-called 'last mile' towards achieving price stability. | | - Quincy Krosby, chief global strategist for LPL Financial, on Wednesday's Fed meeting minutes, and why interest rates may continue to move higher in the coming months, which could continue to weigh on stocks. | |
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