Sunday, October 20, 2024

Tech to Rally Higher?

It’s your weekly ProsperityPub Roundup
 
   
     
   
 
OCTOBER 20, 2024
   
Tech to Rally Higher?

 
 
NFLX kicked off the major tech earnings on Friday with a big earnings beat and a HUGE move higher.

In yesterday's newsletter, I talked about a key reality that I think makes a very bullish case for the stock market, namely, that P/E ratios are actually shrinking even as stocks move aggressively higher.

NFLX is one terrific case study for that reality.

And even though the stock moved almost 10% in one day yesterday, the P/E ratio is STILL nowhere near as high as it was in 2021.

It's a fascinating trend and one I'll be watching closely as tech earnings roll on.

To your prosperity,

— Stephen Ground
Editor-in-Chief, ProsperityPub
HOT TIPS
Key Market Insights
 
 
Stephen Ground dives into the significance of P/E ratios and why stocks like Netflix are better values now than they were years ago — even as prices have continued rising!
 
Nate Tucci explored the history of market "meltups" and why he remains bullish even as the market feels overheated. Discover how past trends show this rally could go much higher!
 
Editor-in-Chief, Stephen Ground revealed a key indicator for market trouble: Bitcoin. According to Nate Tucci, if Bitcoin sees a sharp correction, it could be an early warning sign for a deeper stock market selloff.
 
Geof Smith explains that intelligent investing is more about discipline than brainpower. He also shares the key earnings reports he's got his eye on for next week!
His Top Strategy Just Got
EVEN BETTER!


Nate Tucci has found a way to amplify his flagship Automated Options trade and make them even faster… up to FOUR TIMES per week!

Regsiter to be first in line to discover “Overnight Income”!
 
HOT TRADES
Latest Winners
 
 
Jeffry Turnmire’s Triple Threat strategy continues to dominate, averaging over 8 wins per day this week!
 
Chris Pulver’s Daily Profit Play logged 14 out of 15 winners this week. Plus, two winners — 50% and 178% — on NFLX!
 
Graham Lindman and his followers closed a Perfect Income Trade on AAPL for a sweet 98.47% gain!
 
Plus, Graham’s Nvidia Elite strategy closed a 93.40% winner on NVDA!
 
Geof Smith’s Trade of the Day closed a big, rare 142.5% gainer on WFC in just 6 days!
 
Nate Tucci’s Jump Trades harnessed this market melt-up volatility with a 157.14% winner on GLD in just over 2 week!
THINGS LEFT UNREAD
In Case You Missed It
 
 
Stephen Ground polled our ProsperityPub experts, who highlighted the unpredictable nature of earnings trades. Learn why spreads may be a safer bet than straight puts or calls during earnings season!
 
Immediately after publishing that article, Stephen Ground turned around and placed a risky earnings bet — revealing that you can still make mistakes you are 100% aware of. Thankfully, though he ignored expert advice, he lived to tell the tale.
 
Scott Welsh is keeping an eye on NVDA as it nears a key breakout level. After recent gains, could this tech giant be ready for another run?
 
Jack Carter continued his series on how to tap into this market rally safely with his exact strategy for picking only the best stocks!
 
Early in the week, Geof Smith previewed the market’s big movers for the week, focusing on key reports like retail sales, jobless claims, and manufacturing data — plus Netflix earnings.
   
 

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