AI, 2 Fintechs, and More Sectors Take Headlines
Join us every Tuesday for Profit With the Pros, as we share some of our favorite stock market reports, articles, research, and trends. We’ll curate a fresh batch of free, top-tier content from our exceptional team of traders, analysts, and editors, constructed to help you keep your portfolio at the top of its game. Oil prices gapped lower after Israel’s attack on Iran spared the latter’s crude production facilities. We checked in with energy names Occidental Petroleum (OXY) and APA (APA) to see how shares responded to the attack and the subsequent decline in crude prices. While we were at it, we also looked at how these stocks have been performing of late. Stunning Investment Intel Ahead of 2024 ElectionAs John Mowrey, CIO of NFJ Investment Group says, “There will certainly be winners and losers coming out of this election cycle.” So, it should come as no surprise that USA Today summed up investor sentiment in one simple word: Anxious. That’s why our analysts here at Schaeffer’s Investment Research did a deep dive, covering more than 70 years of election-year investment data. We want you to be prepared for the coming volatility… we want you to protect yourself… and we want you to have the proper knowledge to profit during this unprecedented election. 2 Fintech Stocks Gapping Lower After EarningsEarnings season is in full swing, and Wall Street is awaiting a batch of Big Tech earnings. Before those come out though, two major fintech names, PayPal (PYPL) and SoFi Technologies (SOFI), just revealed their quarterly results. Click the link below to unpack the reports. Free Report: Chart of the WeekEveryone on Wall Street is following the artificial intelligence (AI) arms race. As Big Tech pours money into generative AI, utility companies are reaping the benefits of overwhelming demand for electricity needed to power data centers. In our latest Chart of the Week, we unpack the toll AI has taken on the power grid, how nuclear energy is making a comeback, and the investor skepticism around an outperforming utility sector. Crypto Stock Getting Popular With Options BullsCall traders seem to be increasingly interested in crypto stock Mara Holdings (MARA), which just landed on Senior Quantitative Analyst Rocky White’s list of stocks that attracted the most options volume during the last two weeks. On the charts, the stock has consistently made outsized moves in either direction, moving sharply higher last session. The equity still has a ways to go before it’s in the black for the year, however. |