Wednesday, June 5, 2024

The Greatest Moneymaking Invention Ever

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Manward Digest
 

The Greatest Moneymaking Invention Ever

A Note From Amanda: Today, we hand the pen to Manward's Chief Investment Strategist Shah Gilani. As we marvel at how AI has forever changed our economy... Shah takes a look back at how technology has changed the stock market. As a 40-year trading veteran, he's seen it all... including a remarkable innovation that is transforming the markets today. Read on below.

Shah Gilani

Shah Gilani
Chief Investment Strategist

Plato said that necessity is the mother of invention.

I can't argue with that... and I would say the necessity of finding better, easier and smarter ways to make money has spawned some of the greatest inventions ever.

Having been a trader and investor for over 40 years now, I can tell you that it's never been faster, easier or cheaper to get into the markets... and that there have never been more ways to invest and trade.

I've also never been more excited about what lies ahead than I am right now. The truth is... the path we took to get here was filled with inventions aimed at making investing accessible to all.

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First there were stock markets... commodities markets... and futures markets.

Then, in 1973, modern options trading was born at the Chicago Board Options Exchange.

The market's moneymaking potential skyrocketed.

But exchanges were hard to join and expensive to trade through. Brokers charged "fixed" commissions - and I don't mean "fixed" as in set costs... I mean "fixed" as in rigged in an antitrust kind of way.

The SEC eventually got involved. It was pushed hard - not by Wall Street brokerages or exchanges, but by upstarts who wanted to introduce what would later be known as discount brokerages. It mandated that on May 1, 1975 - known on the Street as May Day - fixed commissions would have to be negotiated.

In other words, let there be competition.

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Hard-charging, hard-competing discount brokerages opened markets and trading to everyone, giving retail investors easy access to stocks and mutual funds - and, eventually, just about everything.

Then, in 1993, thanks to product inventors at State Street Global Advisors, modern-day exchange-traded funds (ETFs) were launched when the SPDR 500 Trust debuted.

SPY (the ETF's trading symbol) is a portfolio of 500 large cap stocks and is designed to replicate the S&P 500 Index, the institutional U.S. stock market benchmark. But it can be traded like a single stock, all day, every day the market is open.

Now you can trade ETFs that track or hold portfolios of just about everything, in every asset class... and some you've never thought of. Anyone can now trade the Dow, the Nasdaq 100, oil, gas, gold, junk bonds, Treasury bills, real estate, soft commodities or just about anything else you could think of... all thanks to the invention of modern ETFs.

In the mid-to-late 1990s, inventors challenged traditional exchanges - like the NYSE and AMEX, and even the Nasdaq - by opening ECNs, or electronic communications networks. Retail traders could trade listed stocks on their platforms directly with other ECNs without having to pay exchange fees.

Those inventions made trading faster and cheaper for everyone, especially day traders.

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A Dizzying Ride

Then, in 2001, in an effort to narrow bid-and-offer spreads, traders pushed the SEC to mandate "decimalization," which did away with stocks being quoted in fractions and allowed one-penny increments.

We saw the invention of another tradable instrument in 2009. Bitcoin - the first cryptocurrency - made a lot of early adopters very, very rich. It was created out of necessity... the need to preserve wealth stored in dollars that had lost much of their value.

Now we have hundreds of alternative coins, or altcoins, to trade.

Then, to give even more people access to even the priciest stocks (Berkshire Hathaway Class A shares, for instance, are currently trading at more than $616,000 per share), fractional shares were invented in 2017. Everyday investors can now buy a fraction of a share of most stocks and ride the price higher... and they can even collect fractional dividends along the way.

It's been a dizzying ride, full of lucrative inventions that have given us more products and instruments to trade and invest in. Building wealth has never been easier, cheaper or more accessible.

So it shouldn't be a surprise that there's a new kid on the block - a new way to own a piece of stocks, real estate, companies, technology, you name it.

I'm talking about tokenization. It's the next big thing... and it's created a brand-new market that could be worth an estimated $24 trillion by 2027.

It's a topic longtime Manward readers should be familiar with. We have been at the forefront of researching the immense innovation - and opportunity - tokenization presents.

If you haven't heard all about it... or, more importantly, if you haven't yet added security tokens to your portfolio... click here for a full rundown on this opportunity, including a free pick from me.

Cheers,

Shah

What Else We're Talking About

 

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Don't bet on the Magnificent Seven to keep up their astonishing returns. Instead... look at the next Magnificent Seven... a group of likely tech stocks that are already dominant but are much smaller. Keep reading...

3 Reasons Ethereum Could Double... AGAIN

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Ethereum has more than doubled over the past year. But with the spot ETF approval in the rear view... there are three reasons Ethereum could double again over the next year. See them here.

Buy This, Not That: Unboxing the Best (and Worst) Big Box Retailers

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Shah dives deep into the world of big box retailers... to see which are riding high on AI and subscription services... and which are falling flat. Get the tickers here.


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Shah Gilani

Shah Gilani is the Chief Investment Strategist of Manward Press. Shah is a sought-after market commentator... a former hedge fund manager... and a veteran of the Chicago Board Options Exchange. He ran the futures and options division at the largest retail bank in Britain... and called the implosion of U.S. financial markets (AND the mega bull run that followed). Now at the helm of Manward, Shah is focused tightly on one goal: to do his part to make subscribers wealthier, happier and freer.

 

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U.S. Insider Buying for Tuesday, June 4
CompanyInsider NameBuy/SellSharesTotal TransactionTransaction DateCurrent PriceSEC Filing
CRGX CARGO TherapeuticsSamsara Biocapital Gp, Llc Major ShareholderBuy294,000 shares @ $17.00$4,998,000.005/30/2024$18.97right arrow
TCBS Texas Community BancsharesAnthony Scavuzzo DirectorBuy7,001 shares @ $14.33$100,324.335/31/2024$14.45right arrow

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U.S. Insider Selling for Tuesday, June 4
CompanyInsider NameBuy/SellSharesTotal TransactionTransaction DateCurrent PriceSEC Filing
ACIW ACI WorldwideJames C Hale III DirectorSell5,000 shares @ $36.74$183,700.005/21/2024$35.25right arrow
ACIW ACI WorldwideJames C Hale III DirectorSell10,000 shares @ $35.52$355,200.005/31/2024$35.25right arrow
AGYS AgilysysRamesh Srinivasan CEOSell50,000 shares @ $93.84$4,692,000.005/31/2024$96.61right arrow
AGYS AgilysysRamesh Srinivasan CEOSell50,000 shares @ $93.24$4,662,000.006/3/2024$96.61right arrow
ALEC AlectorArnon Rosenthal CEOSell25,135 shares @ $4.80$120,648.006/3/2024$4.80right arrow
ANF Abercrombie & FitchScott D Lipesky CFOSell9,000 shares @ $176.48$1,588,320.005/31/2024$172.70right arrow
ANF Abercrombie & FitchJames A Goldman DirectorSell4,120 shares @ $176.48$727,097.605/31/2024$172.70right arrow
ANIP ANI PharmaceuticalsChad Gassert SVPSell20,000 shares @ $64.41$1,288,200.006/3/2024$67.00right arrow
ARCT Arcturus TherapeuticsPad Chivukula COOSell26,000 shares @ $40.01$1,040,260.006/3/2024$44.39right arrow
ARES Ares ManagementDavid B Kaplan InsiderSell110,341 shares @ $140.35$15,486,359.355/31/2024$139.56right arrow
ARES Ares ManagementDavid B Kaplan InsiderSell14,659 shares @ $138.11$2,024,554.496/3/2024$139.56right arrow
ARES Ares ManagementBennett Rosenthal ChairmanSell100,000 shares @ $140.41$14,041,000.005/31/2024$139.56right arrow
AVPT AvePointBrian Michael Brown InsiderSell20,000 shares @ $9.05$181,000.006/3/2024$9.08right arrow
BPMC Blueprint MedicinesL. Becker Hewes InsiderSell34,108 shares @ $105.91$3,612,378.285/31/2024$105.82right arrow
BPMC Blueprint MedicinesL. Becker Hewes InsiderSell4,922 shares @ $106.43$523,848.466/3/2024$105.82right arrow
BZFD BuzzFeedJohn S Johnson III Major ShareholderSell104,000 shares @ $2.85$296,400.005/31/2024$2.56right arrow
CDLX CardlyticsKarim Saad Temsamani CEOSell43,129 shares @ $8.65$373,065.856/4/2024$9.74right arrow
COHR CoherentWalter Robert Bashaw II PresidentSell19,195 shares @ $69.40$1,332,133.006/3/2024$66.75right arrow
COHR CoherentRonald Basso InsiderSell3,367 shares @ $68.44$230,437.486/3/2024$66.75right arrow
CVNA CarvanaMark W Jenkins CFOSell5,000 shares @ $99.25$496,250.006/3/2024$103.04right arrow
DO Diamond Offshore DrillingDavid L Roland SVPSell8,000 shares @ $15.11$120,880.006/3/2024$13.38right arrow
DO Diamond Offshore DrillingDominic A Savarino CFOSell11,369 shares @ $15.11$171,785.596/3/2024$13.38right arrow
DO Diamond Offshore DrillingBernie G Wolford CEOSell26,000 shares @ $15.11$392,860.006/3/2024$13.38right arrow
DTE DTE EnergyLisa A Muschong VPSell1,198 shares @ $116.61$139,698.786/3/2024$114.54right arrow
EA Electronic ArtsVijayanthimala Singh InsiderSell800 shares @ $132.88$106,304.006/3/2024$137.96right arrow
EMN Eastman ChemicalAdrian James Holt SVPSell1,975 shares @ $99.22$195,959.506/3/2024$98.43right arrow
ENTG EntegrisClinton M Haris SVPSell5,005 shares @ $124.74$624,323.705/31/2024$132.30right arrow
ES Eversource EnergyPenelope M Conner EVPSell2,700 shares @ $58.75$158,625.005/31/2024$59.52right arrow
EXPO ExponentPaul R Johnston DirectorSell7,000 shares @ $93.63$655,410.006/4/2024$95.67right arrow
FRSH FreshworksZachary Nelson DirectorSell8,442 shares @ $12.75$107,635.506/3/2024$12.89right arrow
FTLF FitLife BrandsPatrick John Phillip Ryan InsiderSell4,000 shares @ $31.00$124,000.005/31/2024$30.60right arrow
FTLF FitLife BrandsPatrick John Phillip Ryan insiderSell6,544 shares @ $32.29$211,305.766/3/2024$30.60right arrow
HCP HashiCorpArmon Dadgar CTOSell35,904 shares @ $33.65$1,208,169.606/3/2024$33.79right arrow
HLI Houlihan LokeyDavid A. Preiser insiderSell20,000 shares @ $133.21$2,664,200.006/4/2024$133.23right arrow
HUMA HumacyteLaura E Niklason CEOSell809,786 shares @ $7.91$6,405,407.265/31/2024$7.52right arrow
HWM Howmet AerospaceNeil Edward Marchuk EVPSell32,614 shares @ $84.26$2,748,055.646/3/2024$84.63right arrow
KAI KadantErin L Russell DirectorSell1,112 shares @ $279.25$310,526.005/31/2024$280.79right arrow
KPTI Karyopharm TherapeuticsDeepika Pakianathan DirectorSell204,394 shares @ $0.95$194,174.305/31/2024$0.99right arrow
KPTI Karyopharm TherapeuticsDeepika Pakianathan DirectorSell360,744 shares @ $1.00$360,744.006/3/2024$0.99right arrow
LAZ LazardKenneth M Jacobs ChairmanSell154,131 shares @ $40.21$6,197,607.515/31/2024$39.36right arrow
LAZ LazardKenneth M Jacobs ChairmanSell6,762 shares @ $40.00$270,480.006/3/2024$39.36right arrow
LEVI Levi Strauss & Co.David A Friedman DirectorSell16,666 shares @ $23.94$398,984.046/3/2024$24.17right arrow
LHX L3Harris TechnologiesChristopher E Kubasik CEOSell26,190 shares @ $225.70$5,911,083.006/4/2024$224.15right arrow
LHX L3Harris TechnologiesChristopher E Kubasik CEOSell25,000 shares @ $222.45$5,561,250.005/31/2024$224.15right arrow
LINC Lincoln Educational ServicesJuniper Investment Company, Ll Major ShareholderSell25,010 shares @ $11.75$293,867.505/31/2024$10.97right arrow
LLY Eli Lilly and CompanyLilly Endowment Inc Major ShareholderSell192,794 shares @ $829.77$159,974,677.386/3/2024$831.76right arrow
MA MastercardFoundation Mastercard Major ShareholderSell110,000 shares @ $441.43$48,557,300.006/3/2024$446.66right arrow
MORN MorningstarJoseph D Mansueto ChairmanSell9,062 shares @ $289.22$2,620,911.646/3/2024$295.74right arrow
MSFT MicrosoftTakeshi Numoto CMOSell322 shares @ $416.60$134,145.205/31/2024$424.01right arrow
MSFT MicrosoftTakeshi Numoto CMOSell244 shares @ $415.53$101,389.326/3/2024$424.01right arrow
MTTR MatterportJames Daniel Fay CFOSell86,768 shares @ $4.41$382,646.886/3/2024$4.30right arrow
MTTR MatterportJay Remley CROSell36,899 shares @ $4.41$162,724.596/3/2024$4.30right arrow
MTTR MatterportJapjit Tulsi CTOSell35,960 shares @ $4.41$158,583.606/3/2024$4.30right arrow
MTTR MatterportMatthew Zinn InsiderSell49,255 shares @ $4.41$217,214.556/3/2024$4.30right arrow
MTTR MatterportRaymond J Pittman CEOSell209,180 shares @ $4.41$922,483.806/3/2024$4.30right arrow
NFLX NetflixReed Hastings ChairmanSell19,943 shares @ $633.58$12,635,485.946/3/2024$650.27right arrow
OLMA Olema PharmaceuticalsCyrus Harmon DirectorSell15,000 shares @ $9.41$141,150.005/31/2024$13.92right arrow
OMI Owens & MinorAlexander J Bruni CFOSell10,568 shares @ $17.76$187,687.686/3/2024$17.50right arrow
OSCR Oscar HealthVictoria Baltrus CAOSell7,674 shares @ $19.46$149,336.046/3/2024$19.70right arrow
OSCR Oscar HealthSteven Wolin COOSell18,607 shares @ $19.46$362,092.226/3/2024$19.70right arrow
OSCR Oscar HealthMario Schlosser InsiderSell5,808 shares @ $19.46$113,023.686/3/2024$19.70right arrow
OSCR Oscar HealthRichard Scott Blackley CFOSell24,016 shares @ $19.46$467,351.366/3/2024$19.70right arrow
OSCR Oscar HealthAlessandrea C Quane EVPSell25,550 shares @ $19.46$497,203.006/3/2024$19.70right arrow
PDFS PDF SolutionsShuo Zhang DirectorSell5,500 shares @ $34.66$190,630.006/3/2024$35.54right arrow
POWL Powell IndustriesJohn Birchall DirectorSell1,100 shares @ $200.65$220,715.005/31/2024$160.87right arrow
PTC PTCCatherine Kniker InsiderSell1,254 shares @ $173.45$217,506.306/3/2024$172.18right arrow
PUBM PubMaticRajeev K Goel CEOSell25,000 shares @ $21.28$532,000.006/3/2024$21.57right arrow
QLYS QualysSumedh S Thakar CEOSell7,000 shares @ $136.78$957,460.006/3/2024$135.79right arrow
QS QuantumScapeJagdeep Singh DirectorSell192,280 shares @ $5.85$1,124,838.005/31/2024$5.69right arrow
RHP Ryman Hospitality PropertiesChristine Pantoya DirectorSell1,491 shares @ $105.94$157,956.546/3/2024$103.92right arrow
SCSC ScanSourceStephen Jones CFOSell8,500 shares @ $47.77$406,045.006/3/2024$46.80right arrow
SCSC ScanSourceMichael L Baur CEOSell9,053 shares @ $47.76$432,371.286/3/2024$46.80right arrow
SCSC ScanSourceShana C Smith EVPSell2,245 shares @ $48.00$107,760.006/4/2024$46.80right arrow
SKYW SkyWestEric Woodward CAOSell5,000 shares @ $80.56$402,800.006/3/2024$80.79right arrow
SKYW SkyWestGreg Wooley VPSell7,415 shares @ $81.27$602,617.056/3/2024$80.79right arrow
SLAB Silicon LaboratoriesRobert Matthew Johnson CEOSell7,230 shares @ $123.80$895,074.006/3/2024$123.48right arrow
SNA Snap-onNicholas T Pinchuk CEOSell24,220 shares @ $266.80$6,461,896.006/4/2024$269.22right arrow
SNAP SnapMichael J O'sullivan General CounselSell18,000 shares @ $15.01$270,180.005/31/2024$15.20right arrow
SSNT SilverSun TechnologiesMark Meller CEOSell21,640 shares @ $18.87$408,346.805/31/2024$16.31right arrow
SSNT SilverSun TechnologiesMark Meller CEOSell53,856 shares @ $18.38$989,873.286/3/2024$16.31right arrow
TEL TE ConnectivityShadrak W Kroeger InsiderSell5,000 shares @ $149.86$749,300.006/3/2024$149.99right arrow
THR Thermon GroupKevin J Mcginty DirectorSell5,000 shares @ $32.84$164,200.006/3/2024$30.61right arrow
TMUS T-Mobile USTelekom Ag Deutsche DirectorSell227,604 shares @ $172.65$39,295,830.606/3/2024$180.27right arrow
TRU TransUnionSteven M Chaouki InsiderSell1,776 shares @ $72.00$127,872.006/3/2024$73.05right arrow
UMBF UMB FinancialJ Mariner Kemper CEOSell2,000 shares @ $81.39$162,780.006/3/2024$80.78right arrow
VRRM Verra MobilityMichael P Huerta DirectorSell8,690 shares @ $26.50$230,285.005/29/2024$26.05right arrow

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Top Insider-Buying Stocks (Last 30 Days)
CompanyShares PurchasedTotal Cost of Shares PurchasedNumber of Insider PurchasesNumber of Insiders BuyingCurrent Share PriceMarketBeat Consensus RatingMarketBeat Consensus Price TargetRead More
VSTS Vestis2,810,579$28,301,263.00128$12.51Hold$16.38right arrow
SHEN Shenandoah Telecommunications24,463$363,095.0066$18.82Moderate Buy$25.00right arrow
BCRX BioCryst Pharmaceuticals103,601$596,338.0066$6.79Buy$14.00right arrow
CMTG Claros Mortgage Trust193,000$1,393,140.0075$8.41Reduce$9.50right arrow
GRNT Granite Ridge Resources16,200$104,315.0055$6.36Buy$8.45right arrow
MAC Macerich163,365$2,358,681.0055$15.49Reduce$14.71right arrow
MMLP Martin Midstream Partners2,087$6,059.0095$3.21$0.00right arrow
LEG Leggett & Platt41,785$471,976.0044$11.99Reduce$13.33right arrow
JOB GEE Group535,612$196,161.0074$0.37$0.00right arrow
CION CION Investment3,210$39,983.0044$12.04Hold$11.75right arrow

Top Insider-Selling Stocks (Last 30 Days)
CompanyShares SoldTotal Cost of Shares SoldNumber of Insider SalesNumber of Insiders SellingCurrent Share PriceMarketBeat Consensus RatingMarketBeat Consensus Price TargetRead More
ALTR Altair Engineering228,759$20,178,453.00159$89.18Moderate Buy$94.60right arrow
CFLT Confluent321,927$10,011,196.00107$26.36Moderate Buy$33.04right arrow
COHR Coherent49,782$3,206,258.0087$66.75Moderate Buy$56.36right arrow
JPM JPMorgan Chase & Co.67,257$13,122,928.0077$197.26Moderate Buy$194.10right arrow
META Meta Platforms128,300$61,046,360.00117$495.06Moderate Buy$509.80right arrow
Ryder System84,129$10,598,226.0087$120.83Hold$126.83right arrow
UCTT Ultra Clean45,021$1,980,924.0077$47.36Buy$57.00right arrow
TDW Tidewater522,260$56,302,715.00106$93.98Buy$98.00right arrow
TEAM Atlassian82,720$14,606,039.00156$157.88Moderate Buy$223.22right arrow
SCSC ScanSource29,541$1,400,379.0066$46.80Moderate Buy$35.50right arrow

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