Saturday, June 1, 2024

📌 Your End-of-Week Bulletin - June 1, 2024

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Manward Digest
 

Hot Stock Summer Is Here

Alex Moschina

Alex Moschina
Publisher

It's official. Summer is here.

The beginning of summer typically marks the start of a more muted stock market performance.

Historically, stock gains tend to be weaker in the summer - even when the overall market has been strong.

But this is no ordinary year...

[Yours Free! Top FIVE Dividend Stocks Right Now]

And this is no ordinary market.

Investors are anxiously awaiting word from the Fed that it will reverse course on interest rate hikes. The Dow just topped 40,000 for the first time. And Nvidia (NVDA) earnings blew analysts away once again, proving to Wall Street that the AI narrative still has plenty of room to run.

Really, that just scratches the surface of all that's moving and shaking stocks right now.

There's a whole lot going on.

Which is why Shah predicts we will have a more volatile summer than many are expecting - with plenty of opportunities to swoop in and buy dips for swift gains. (He's already lined up one such play this week in Alpha Money Flow.)

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The average investor may not love when their position tumbles. But for a trader like Shah, it's the ultimate gift. The man buys more dips than a Super Bowl party host.

And make no mistake... though seas may look choppy ahead, the sun still shines on stocks (and crypto).

Despite still-elevated rates, we are firmly in the second leg of this bull market - a point Shah reiterated on Fox Business' Varney & Co. on Tuesday.

Shah on Fox Business
 

The massive AI-driven surge is only part of the story.

"I think we have a lot higher to go, and not just driven on the AI narrative," Shah said. "We're driven on better earnings, we're driven on a broadening out in terms of market participation as far as different sectors - industrials, utilities, financials. It's not just AI. It's not just Big Tech anymore."

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So, in more ways than one, we're heading into what's looking to be a hot summer.

It should be a lot of fun.

Just make sure you pack your Dramamine.

Have a great weekend,

Alex

What Else We're Talking About

 

Ethereum ETF Unleashes Billions... Here's How to Play It

Ethereum coin

The approval of a spot Ethereum ETF is a huge opportunity for the crypto market. Here are three ways to play it. Keep reading.

Buy This, Not That: Will These Hotel Plays Heat Up for Summer?

Marriott Hotel

We're officially in the summer season... which means it's time to dive into hotel stocks as vacation travel starts to heat up. See which ones are BUYs here.

Dealmaker's Diary: Unwrapping a Dividend Payer With Lots of Momentum

Containerboard

With all eyes on semiconductors and AI... it's easy to overlook what seems mundane. But sometimes the most boring industries can deliver the most exciting returns. Like this one...

Book Profits With These Three Travel Stocks

Two suitcases

As summer heats up... airlines, hotels, cruise lines and booking companies all see higher demand. But Shah likes the prospects for these three travel stocks... see them 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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