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Good morning.
Markets are responding in some tepid ways to new inflation data and an economy that’s hitting “stall speed,” as Goldman Sachs analysts put it. Many people are looking to September rate cuts to kickstart momentum again.
However, we aren’t interested in waiting for potential cuts to provide opportunities. We want to show you opportunities that might be out there right now. So we’re sharing AltIndex’s new top 10 stocks, along with an opportunity to get 7 days of free access to the platform.
More below.
In partnership with Pacaso
How 433 Investors Unlocked 400X Return Potential
Institutional investors back startups to unlock outsized returns. Regular investors have to wait. But not anymore. Thanks to regulatory updates, some companies are doing things differently.
Take Revolut. In 2016, 433 regular people invested an average of $2,730. Today? They got a 400X buyout offer from the company, as Revolut’s valuation increased 89,900% in the same timeframe.
Founded by a former Zillow exec, Pacaso’s co-ownership tech reshapes the $1.3T vacation home market. They’ve earned $110M+ in gross profit to date, including 41% YoY growth in 2024 alone. They even reserved the Nasdaq ticker PCSO.
The same institutional investors behind Uber, Venmo, and eBay backed Pacaso. And you can join them. But not for long. Pacaso’s investment opportunity ends September 18.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.
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📰 Market Headlines
Stocks wobbled into Wednesday’s close.
The Dow slipped 0.5%, the S&P rose 0.3% and the Nasdaq eked out a 0.03% gain, powered by tech.
Swedish fintech Klarna popped 15% in its NYSE debut, closing at $45.82 after pricing its IPO at $40. The deal raised $1.37 billion and valued the BNPL giant at $17.3 billion, a far cry from its $46B SoftBank-era peak but more than double its 2022 trough.
AltIndex has a new Top 5 Stocks list. These tickers were rated as the strongest buy signal based on 27 alternative data points along with technical and fundamental analysis:
Powell Industries (POWL): 82/100
Sea Limited (SE): 80/100
Innodata (INOD): 79/100
Eli Lilly (LLY): 78/100
TeraWulf (WULF): 78/100
Inflation is back in the spotlight. August CPI is expected to show a 2.9% annual rise, up from July’s 2.7%. Core inflation is forecast at 3.1%. Markets are pricing a 90% chance of a Fed rate cut next week, with growing bets on a half-point move.
Producer prices unexpectedly fell 0.1% in August, the first decline in four months, easing tariff concerns and bolstering the case for Fed easing. Year-over-year PPI rose 2.6%, well below the 3.3% forecast.
Trump doubled down on his claim of “no inflation”, even as polls show inflation is his weakest economic issue. A Yahoo/YouGov survey pegged his approval on prices at just 28%, with disapproval near 60%.
Wall Street strategists are racing to lift their S&P 500 targets, citing AI optimism. Deutsche Bank now sees 7,000 by 2025, Wells Fargo projects 6,650 this year, and Barclays raised its outlook to 6,450. The index traded near 6,540 on Wednesday.
😱 Fear and Greed Index
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🪙 Crypto
SEC Chair Paul Atkins said on-chain capital raising should come without legal uncertainty and reaffirmed that most tokens are not securities.
The new top US banking regulator confirmed debanking is real and said his agency is working to reverse the trend.
POP Culture Group bought 300 bitcoin, worth about $33 million, as part of a plan to build a Web3 entertainment fund.
The CoinShares Bitcoin Mining ETF hit a record $33.13, up 44% this year, boosted by the AI stock rally.
🤖 AI/Future/Tech News
Australia signed a Ghost Shark contract worth US$1.1 billion with Anduril, moving faster than the US Navy’s delayed Boeing Orca program.
Anthropic’s Claude went dark in a brief outage, leaving developers joking they had to code “like cavemen” until service was restored.
Sony rolled out its PlayStation Family app, giving parents real-time game alerts, spending limits, and daily activity reports in one place.
🚨 Trending on Reddit
Reddit stock chatter spiked after shares hit an all-time high of $253.57, giving the company a $47.1 billion market cap. WallStreetBets (WSB) threads are filled with excitement from early holders and plenty of “is it too late?” speculation.
Robinhood Social is drawing attention after the company announced plans to compete directly with Reddit’s trading communities. Many users are questioning whether traders will really want to post strategies inside the same app that executes their orders.
The Reddit vs. Robinhood rivalry theme is popping up across discussions, with posters poking fun at Robinhood for trying to copy Reddit’s culture just as Reddit’s stock is surging. The timing has not gone unnoticed.
🤫 Insider Trading
📊 IPOs and Earnings
IPOS
Tomorrow: Gemini (GEMI)
Tomorrow: Black Rock Coffee Bar (BRCB)
September 17: Stubhub (STUB)
Earnings
Chewy reported Q2 earnings of $0.33 per share in line with estimates and net sales of $3.10 billion, a slight beat and up 8.6% year-over-year; shares dropped 15.8% in the morning session as results failed to excite investors.
🚚 Market Movers
Boeing reached a tentative 5‑year labor deal with 3,200 striking defense workers in Missouri.
Novo Nordisk announced it will cut 9,000 jobs, or 11% of its workforce, and cut its profit forecast for the third time this year.
CVS sued Takeda, alleging the company paid TWi Pharmaceuticals to delay a generic version of Dexilant until January 2022.
Audi signed Adidas as its official apparel partner ahead of its 2026 Formula 1 debut.
🎙 What Do You Think?
Where will the S&P end up by EOY? (Today: 6,569.05)
🎤️ What you said last time
🎪 Crowdfunding Showcase
Culture Wireless is building an internet provider for communities often ignored by major carriers, and it’s already landed $100K from Andreessen Horowitz. The team includes the co-founder of the Trap Music Museum and vets from Under Armour, and their model lets users donate unused mobile data to people who need it. Check out their campaign →
🧠 The Missing (Market) Links
Conservative activist Charlie Kirk was tragically assassinated on a college campus yesterday. Authorities say that the killer is still at large.
Larry Ellison briefly became richer than Elon Musk yesterday as Oracle’s stock soared. Musk has retaken 1st place since then.
Oracle CEO Safra Catz just got $412 million richer in 6 hours after Oracle stock rocketed 40% on a $455 billion backlog tied to AI cloud deals.
The US housing market hit a rare balance this summer with 5 months of supply nationally.
A higher-ed expert says you don’t need an Ivy League degree to succeed. Two factors matter more: the skills employers want and internships.
📜 Quote of the Day
“Given a 10% chance of a 100 times payoff, you should take that bet every time.”
📢 We want to hear from you
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⭐️ What did you think of today's edition?
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Cheers,
Brandon & Blake of Invested Inc
Thumbnail image: Maurizio Pesce, Flickr
The information provided in Stocks & Income is for informational and educational purposes only and should not be construed as financial advice, investment advice, or a recommendation to buy or sell any securities. Stocks & Income is not a registered investment advisor, broker-dealer, or licensed financial planner. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We may hold positions in or receive compensation from the companies or products mentioned. Disclosures will be made where applicable.