I wrote up my five favorite investing ideas in Mexico after spending three weeks there. If you like money, have a look.
If you want to invest in something you like there, hit reply, and I’ll try to help you out.
The top 5 stocks for 2024 (from investing legend Louis Navellier)
In the ever-changing tides of the stock market, a guiding star emerges. Meet Louis Navellier, one of America's top Money Managers with a staggering $1 billion under management.
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Consistent Excellence: For the last eleven years, his system identified the S&P's #1 stock.
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📰 Market Headlines
*past 24-hour performance
President Biden's State of the Union argued US economic recovery post-pandemic is the "greatest comeback story never told."
Tech stocks lead the charge, pushing the S&P 500 and Nasdaq to new highs.
Fed Chair Jerome Powell signaled the Fed may soon cut interest rates.
“We’re waiting to become more confident that inflation is moving sustainably at 2%. When we do get that confidence, and we’re not far from it, it’ll be appropriate to begin to dial back the level of restriction,”
“I think we’re in the right place.”
US jobless claims held steady, with unemployment constant at 3.7%.
European markets reflected this optimism, with the Stoxx 600 breaking past the 500-point level for the first time ever.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
Forecasts via Kalshi, the prediction market.
😱 Fear and Greed Index
🧠 What do you think?
How long until a Boeing airplane kills someone?
🎤 What you said last time
3.7% and steady.
📈 Trends you need to know
Japan’s cherry blossoms are an unstoppable tourism juggernaut. |
📊 Stocks
Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathaway’s portfolio with just a few clicks.
Winners and losers
Earnings, upgrades, and acquisitions
Gap shares surged 5% as Old Naxy experienced growth for the first time in over a year.
Broadcom shares dropped by 2% after missing revenue targets.
MongoDB exceeded quarterly earnings and sales expectations but experienced a 9% drop in after-hours trading.
Docusign soared 13% after an earnings beat and an 8% year-over-year revenue bump.
American Eagle announced a 65% increase in adjusted earnings, yet its stock price dropped 1.9%.
Ciena's first-quarter profit beat estimates, but weak revenue guidance led to a 14.7% drop in stock price.
Big Lots reported a 7.2% decline in revenue year-over-year; shares are stable.
Market movers
Rivian shares surged 13% following the unveiling of three new vehicles and a $2.25 billion savings plan.
The U.S. saw 84,638 job cuts in February, a 3% increase from January.
The U.S. House panel unanimously approved a bill to force ByteDance to divest TikTok or face ban.
Novo Nordisk's shares surged after promising drug trial data, zooming past Tesla to make it the 12th most valuable company.
Ideas, trends, and analysis
Electric vehicles are predicted to become more affordable than gas-powered cars by 2027.
Rivian shines as analysts' top pick within the EV market.
A budget Palantir alternative.
Mercury Systems P/E ratio soared to 191.
It’s too late to catch Super Micro Computer.
The new climate disclosure rule raises eyebrows about the SEC's authority.
Europe's energy crisis presents investment opportunities in domestic gas production and infrastructure.
🌍 Global Perspectives
🇨🇳 China's exports soared 7.1% in January and February.
🇾🇪 A Houthi missile attack on a Red Sea merchant ship killed three seafarers.
🇺🇸🇵🇸 President Biden announced the U.S. will construct a port in Gaza for humanitarian aid.
🇷🇺🇬🇷 A Russian missile strike nearly triggered NATO's Article 5.
🇭🇹🇰🇪 A UN-backed security mission in Haiti faces new challenges due to legal roadblocks in Kenya.
🇵🇸 Gaza cease-fire deal unlikely as Hamas leaves Cairo without an agreement.
🇵🇹 Portugal's general election is uncertain amidst corruption and economic issues.
📊 Income
Tax-free bonds ready to soar with potential Fed rate cuts.
These two hidden gems feature yields up to 11.4%.
Enbridge bolsters its dividend growth engine with $500 million in new investments.
Capital One, a Buffett pick, is still a bargain despite a 25% surge.
📊 Crypto
Tesla's Bitcoin wallet shows an increase of 1,789 BTC.
Spot Bitcoin ETFs attracted $8.5 billion since their January debut.
JPMorgan claims Bitcoin has surpassed gold in investor portfolios.
Bitcoin miner revenue hit its second-highest daily total at $75.9 million.
Superstate leads a new alliance to shake up Treasury trading with blockchain.
🧠 Errata
Sam Altman’s ambition has gone nuclear, with plans for fusion-powered AI and a $7 trillion chip overhaul. [Ed: I’m not impressed unless he’s using cold fusion]
Chernobyl's worms are immune to radiation, leaving scientists to wonder what else these super-bugs are capable of.
A United Airlines flight loses a tire after takeoff, while another bursts into flames.
📺 What to Watch Today
John Oliver says Boeing’s decline started with too much focus on stock price & buybacks and not enough on … planes that fly.
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
