Folks, maybe it hasn't felt like it at times... but we're still in a bull market. The stock market is absolutely soaring this year. (I know, I've said it repeatedly...)

Beware the Wealth Destroyers Hiding in the S&P 500 By Vic Lederman, editorial director, Chaikin Analytics Folks, maybe it hasn't felt like it at times... but we're still in a bull market. The stock market is absolutely soaring this year. (I know, I've said it repeatedly...) The S&P 500 Index is making new highs. And it's up about 20% since the start of the year. But that doesn't mean you want to own every stock out there. Heck, even the S&P 500 is hiding wealth destroyers. Now, maybe that sounds extreme. But it's true. Today, let's look at a company that has lost more than 75% of its market value. It's a stock that you obviously would have wanted to avoid this year. Then, we'll look at a less obvious example – a stock that's dragging down returns in a soaring bull market. Put simply, these are the kind of wealth destroyers we should be using the Power Gauge to avoid. So let's get into it... Recommended Links: Last Chance! Stock Warning: 90 Days to Move Your Money It doesn't matter if you have money in the markets or are waiting on the sidelines. The short period we are about to enter could have the power to make – or destroy – fortunes. And what you do in the next 90 days could determine your financial success for the next decade. Here's what's happening and how to prepare. Click here before it goes offline at midnight tonight. WATCH BEFORE MIDNIGHT TONIGHT: What the Federal Reserve's Dramatic Rate Cut Could Mean for Your Money After hiking rates at the fastest pace in modern history, the Fed has finally changed direction and slashed rates by a whopping 50 basis points. This aggressive move will affect mortgage rates, credit cards, and car loans – but one overlooked corner of the economy is poised to see the biggest impact. Discover how this could change your financial future before it goes offline here. I know this might sound obvious... but you should probably avoid buying "bearish" stocks in a bull market. Sure, the S&P 500 is broadly soaring. But there are still serious pitfalls there. Take a look at this screenshot from the Power Gauge... Based on the SPDR S&P 500 Fund (SPY), the Power Gauge sees 163 "bullish" or better opportunities in the broad market. But at the same time, 49 stocks earn a "bearish" or worse rating. Think about that for a moment... We're talking about the 500 largest stocks listed in the U.S. market. And the Power Gauge is urging you to avoid about 10% of them. This is serious business, too. When it comes to wealth destroyers in SPY, just look at pharmacy chain Walgreens Boots Alliance (WBA)... Walgreens is a household name. But that hasn't stopped its share price from collapsing... The stock is down a staggering 65% this year. And as you can see, it has been in "bearish" or worse territory for most of 2024. Walgreens clearly isn't benefiting from the bull market. But maybe that one is too obvious. After all, Walgreens' struggles this year are national news at this point. So let's take a look at a different dangerous stock... Video-game company Take-Two Interactive Software (TTWO) is a perfect example. It's another underperformer hiding in plain sight in the S&P 500... As you can see, the stock hasn't had a "bullish" rating since November. And this year, while it hasn't performed nearly as bad as Walgreens, the stock is struggling. Take-Two Interactive has fallen about 5% in 2024. Remember, we're in a bull market... the stock should be soaring. With a $27 billion market cap, Take-Two Interactive is a giant in video games. It also owns big game developers and publishers. Despite that, in one of the best S&P 500 years on record, it's struggling. Now I already hear it... "Vic, I see that – but just look at how well the broad market is doing." And it's true that the S&P 500 is soaring. But that doesn't mean you're obligated to hold the wealth destroyers hiding in it. With the Power Gauge, you can find them and cut them out of your portfolio before they destroy your wealth. Good investing, Vic Lederman P.S. Right now, Chaikin Analytics founder Marc Chaikin is also sounding the alarm on a different group of wealth destroyers... Marc recently went on camera to share a critical market update. In it, he explained that dozens of stocks could soon see a dramatic, unified sell-off. But he also shared the No. 1 step to take to protect yourself. Don't miss out on this narrow window of opportunity to position yourself. Get all the details from Marc right here. Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 +0.31% 11 17 2 S&P 500 -0.15% 164 286 46 Nasdaq -0.55% 22 60 18 Small Caps +0.68% 592 977 353 Bonds +0.48% Energy +1.99% 0 13 9 — According to the Chaikin Power Bar, Large Cap stocks and Small Cap stocks are Bullish. Major indexes are mixed. *  *  *  * Sector Tracker Sector movement over the last 5 days Materials +3.03% Discretionary +2.11% Communication +1.25% Industrials +1.24% Information Technology +1.15% Utilities +0.42% Staples -0.04% Real Estate -0.87% Financial -1.12% Health Care -1.44% Energy -1.81% *  *  *  * Industry Focus Transportation Services 3 28 13 Over the past 6 months, the Transportation subsector (XTN) has underperformed the S&P 500 by -11.37%. Its Power Bar ratio, which measures future potential, is Very Weak, with more Bearish than Bullish stocks. It is currently ranked #19 of 21 subsectors. Indicative Stocks SAVE Spirit Airlines, Inc HTZ Hertz Global Holding CAR Avis Budget Group, I *  *  *  * Top Movers Gainers WYNN +7.24% WBA +6.34% APA +5.96% LVS +5.62% SMCI +4.31% Losers GL -4.74% UHS -4.07% HPQ -3.91% LLY -3.47% JBL -3.4% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close No earnings reporting today. 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