Saturday, May 18, 2024

📌 Your End-of-Week Bulletin - May 18, 2024

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Manward Digest
 

Dow 40K Is Just the Start

Alex Moschina

Alex Moschina
Publisher

Wait and see.

That's Jerome Powell's official stance - and the official stance of the U.S. Federal Reserve - regarding the mixed inflation numbers we discussed here on Wednesday.

"What [the numbers] told us is that we'll need to be patient and let restrictive policy do its work."

[Little-Known AI Company Could Be the Next Stock Giant. Click here to see Shah's urgent briefing.]

On the bright side for Wall Street and investors, Powell has said a rate hike is unlikely.

Which means the question isn't whether rates will get cut. The question is when.

In the meantime... we wait.

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Nvidia announces earnings in a few days...

It will be like the Super Bowl for Wall Street.

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Of course, waiting isn't really Wall Street's thing. And so, the markets have headed north this week on data that - while not all positive - has been more positive than negative.

It could very well mark the start of a second leg for this bull market, as Shah told Stuart Varney this week on Fox Business.

"Markets have figured out that the Fed will eventually cut rates no matter what inflation does," Shah said. "But in the meantime, the story behind the story is that the economy is handling higher rates beautifully. We still have growth... nothing is broken... everything has been managing so far."

Shah Fox Business
 

Just 48 hours after Shah made those comments, the Dow topped 40,000 for the first time ever.

The past month has looked quite lovely for the longest running of the "big three" indexes. And to still be crushing benchmarks at 128 years old? Well...

If only we could all be so lucky.

Could All Be So Lucky

View larger image

And so, it's "risk on" for investors.

Meme stocks like GameStop (GME) are back to soaring hundreds of percentage points over a matter of days - and then, in many cases, coming quickly back to Earth.

"That's how good things have gotten," Shah told us in his Monday takeaways. "Let's hope it continues that way."

Now that we've gotten those much-anticipated CPI and PPI numbers... plus Mr. Powell's latest cautious but quasi-optimistic comments... it appears the good times just might stick around.

Which is all the more reason to stay up-to-date on our team's latest trade ideas.

For example...

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The topic may not be as sexy (or as volatile) as meme stocks but, nevertheless, we received some very nice responses to Shah's latest Buy This, Not That centered on utilities.

And Alpesh focused Thursday's edition of Dealmaker's Diary on a clean energy pioneer that scores a 9 (that's very good) on his proprietary GVI rating system.

Then there's Robert's much-discussed piece about the coming Artificial Superintelligence (ASI) token.

Crypto plus AI. It's a match made in heaven.

We'll have plenty more ideas for you next week.

Have a great weekend,

Alex

What Else We're Talking About

 

Monday Takeaways: Why GameStop Is Up Nearly 200%... in May

Meme Stocks

Meme stocks are back… and that says a lot about investor appetite. Plus, three metrics investors are betting on. Check it out here.

Two Hot Investing Trends in One Ticker

Developer code

It's the biggest merger in the crypto sector… and it sits at the center of the two biggest investing trends of the past year. That means there's a lot of money to be made… keep reading.

Buy This, Not That: Are These Utilities BUYs Thanks to AI

Electrical Substation

Utility companies have been swept up into the AI narrative... as "pick and shovel" plays powering the AI revolution... so which ones are BUYs? Get the answer here.

Dealmaker's Diary: A Clean Energy Play Poised to Shine

Solar Energy

This major player in the solar power industry has proprietary technology, a streamlined manufacturing process and the capacity to meet growing demand. Get the ticker here.

Don't Buy Nvidia!

Nvidia logo on building

Nvidia's latest earnings release is coming up fast. But before you buy shares, hoping they'll soar... we have details on a better way to profit from the stock. Check it out here.


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Alex Moschina

Alex Moschina is the Publisher of Manward Press. A gifted writer, editor and financial researcher, Alex's career in publishing began more than a decade ago when he worked at one of the world's leading providers of academic research and reference materials. Alex first cut his teeth in the realm of investing when he joined the team at White Cap Research in 2010. There he was charged with covering emerging market trends and investment opportunities. A stint as senior managing editor and editorial director at the prestigious Oxford Club followed. A frequent speaker at conferences and events, Alex has led educational workshops across the U.S. and Canada.

 

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