They Say It'll Be the End of Trump...

Get set for the week in five minutes or less. Published By Money & Markets, LLC. June 24, 2024 Published By Money & Markets, LLC. June 24, 2024 [Turn Your Images On] Money & Markets Daily: The 5 It's impossible to keep up with everything going on in financial markets and the economy these days. That's where The 5, a new feature for Money & Markets Daily, comes in… Let's start your week off right by exploring the most significant trends and opportunities you need to know now. They Say It'll Be the End of Trump… Both Democrats and Republicans agree that this week’s debate will be a blowout victory. What they disagree on is who will come away victorious. Trump supporters are eager to see another ferocious performance from the former president, exposing Biden’s alleged cognitive decline on a national stage. Meanwhile, Biden’s supporters hope the president can end Trump’s chances for good. In reality, the debate will simply be another dog-and-pony show (or, in this case, donkey-and-elephant). The real investing windfalls will come from a subject that neither candidate dares mention. [Get the full story HERE…]( --------------------------------------------------------------- [Turn Your Images On]( [The $15.7T Debate Secret CNN Won't Discuss]( Forget the soundbites and political theater. This question CNN will be TOO AFRAID to ask at Thursday's presidential debate could make normal Americans incredibly wealthy. [Click here to discover the details.]( --------------------------------------------------------------- Chart of the Week: A Top-Heavy Market If you need more proof that this bull market favors the massive mega-cap stocks, the [chart below]( from Genuine Impact says it all. Just 10 stocks out of 500 account for 32% of the S&P 500's weight currently, and those 10 have contributed almost three-quarters of the index's 15% gain year to date. That's great for those 10 mega-cap companies, but what about the other 490? [Turn Your Images On] Adam O'Dell touched on the pros and cons of passive index investing [last week.]( While it's been incredible to watch Nvidia Corp. (Nasdaq: NVDA) soar higher, other mega-cap stocks like Tesla Inc. (Nasdaq: TSLA) are a drag on that performance when investing through a broad fund like SPY. That's why it pays to doublecheck a stock's [Green Zone Power Ratings]( before pressing "buy." Earnings to Watch: Carnival Corp. (NYSE: CCL) It's summer, and that means cruise season… The luxury cruise industry is still recovering from pandemic closures, and some companies seem to be doing better than others. Budget liner Carnival Corp. (NYSE: CCL) has been stuck in a volatile trading pattern for the last year, trading as high as $19.74 and as low as $10.84. Overall, the stock has gained 0.5% since June 2023, lagging the broader market's 25% gain. Zooming out, the stock is still down 69% from its pre-COVID peak in January 2020. Carnival reports earnings on Tuesday before the bell. It has surprised to the positive side in each of the last four quarters, but Green Zone Power Ratings says to stay on the sidelines for now. [Turn Your Images On] [(Click here to view CCL's full ratings page.)]( 2 Big Upcoming Economic Reports The U.S. economy will be a major topic during Thursday's debate, but before the gloves come off, there are a couple of economic reports to watch. On Tuesday, the Conference Board will release its latest reading on consumer confidence. This simply tells us how Americans feel about the state of things. Confidence ticked higher in May following three straight months of declines. Why does it matter? A confident consumer is willing to spend, and that's a strong tailwind for future stock market growth. Watch out for the new home sales data from the U.S. Census Bureau on Wednesday as well. The U.S. housing market has stalled out as higher interest rates are forcing potential sellers to stay put and potential buyers to lock in mortgage rates that have almost tripled since the summer of 2020. Home sales for April clocked in at a seasonally adjusted annual rate of 634,000, which is 7.7% lower than the same month in 2023. Why does it matter? This is the mother of all logjams in the American economy. It's also presenting potential opportunities in homebuilder stocks… --------------------------------------------------------------- [Turn Your Images On]( [“Titan of Tech” Bets Big on Tiny AI Company]( He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb and PayPal… But our research shows his latest investment could be his most successful venture yet. [See how you can invest alongside him]( (with a starting stake of just $25). But you’ll want to do it between now and August 5. --------------------------------------------------------------- Is Buffett Wrong for Selling BYD Shares? Any time Warren Buffett makes a move, we pay attention. The Oracle of Omaha has us trained well… Last week, Buffett made headlines after trimming Berkshire Hathaway's position in BYD (OTC: BYDDY), China's largest electric vehicle maker, to 6.9% from 7.02% of the company's total shares. That's not a big deal until you realize it equates to 1.35 million shares! EV makers are trying everything to keep demand high (as Chief Research Analyst Matt Clark [touched on]( recently), but it's clear this is a tough and highly competitive market. We'll likely never know the exact reason for Buffett's move, but we can see that BYD rates ["Neutral"]( in Green Zone Power Ratings. That means it should track the broader market from here. — Money & Markets Team --------------------------------------------------------------- Check Out More From Money & Markets Daily: - [THE NO. 1 MEGA TREND COMING OUT OF NEXT WEEK'S DEBATE]( - [THE ROCKY ROAD FOR EV SALES IS BEING PAVED]( - [THE DARK SIDE OF THE MAGNIFICENT SEVEN…]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. 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To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. 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