TSLA's Big Day + the Fed's Next Move

Here’s what to watch for this week… Published By Money & Markets, LLC. October 28, 2024 Published By Money & Markets, LLC. October 28, 2024 [Turn Your Images On] [Turn Your Images On] From The Desk of [Matt Clark, CMSA®]( Chief Research Analyst, [Money & Markets Daily]( Money & Markets Daily: The 5 It’s time to get on the fast track to stock profits — with the five things you need to make money this week … in just 5 minutes. Let’s get started! Fed Rate Cut Leads to Housing Boost New home sales in the U.S. reached a 1-year high in September following a 50-basis point cut in the Federal Reserve’s target interest rate. [Turn Your Images On] According to government data, single-family home sales jumped 4.1% to a 738,000 annualized rate – above the consensus estimate of 720,000. In addition to lower interest rates, new home builders ramped up offering incentives like mortgage-rate buydowns and general discounts to further boost home sales. The Fed rate cut also boosted builder sentiment, as noted in an index published by the National Association of Home Builders. The index reached the highest level in four months in October, as hopes persist for future rate cuts by the Fed in its upcoming meeting in November. Adam’s New 10X Ratings System Longtime readers know all about the Green Zone Power Ratings system. Chief Investment Strategist Adam O’Dell designed it to find stocks that are set to outperform the market by 3X. Now, he’s taking it a step further. He’s honed the system down to target stocks with 10X potential. And with the Fed eyeing another interest rate cut next week, he’s picked a perfect time to put it to the test. He’s discovered “Two Tumbles and a Jump,” a market pattern with an odd name that’s incredibly accurate at predicting the next bull market. He’s using his new 10X Ratings system to find the perfect stocks to buy before that happens. He’ll have more info in Money & Markets Daily later this week… --------------------------------------------------------------- [Turn Your Images On]( From our Partners at Paradigm Press. [James Altucher: THIS is my top AI investment pick]( I’ve been called a “genius investor” by my fans… And an “eccentric millionaire” by some others because I make big predictions that [tend to come true](. Today, I’m making my boldest prediction ever. To show you I’m serious about helping you get in on this opportunity, I’m giving away one of my top 5 AI 2.0 stock picks – free. [See my top 5 picks here.]( --------------------------------------------------------------- Tesla's 22% Boom Coming on the heels of its uninspiring robotaxi event, Tesla Inc. (Nasdaq: TSLA) rolled out its quarterly earnings last week to much bally-hoo. The electric vehicle manufacturer unveiled a 17% jump in net income and an 8% boost in total revenue thanks to a rise in global deliveries. A catalyst for the higher net income was increased sales of regulatory credits to other automakers and growth in Tesla’s energy arm. The result: a 22% one-day jump in TSLA shares: [Turn Your Images On] The rally in TSLA shares carried over to the end of the week as CEO Elon Musk suggested the company could see 20% to 30% “vehicle growth” next year. One thing to note is that TSLA still rates a “Bearish” 25 out of 100 on Adam’s Green Zone Power Ratings system as the stock continues to be [highly volatile and overvalued](. The Next 2 Weeks Are Going to Be Bumpy Not only is the U.S. in the home stretch of a presidential election, but there will also be a flurry of market-moving news in the next two weeks. Over the next 10 days, nearly half of the S&P 500 will report earnings, including five of the Magnificent Seven stocks and big players like Ely Lilly, Exxon Mobile and Visa. The U.S. Treasury Department is also planning to announce on Wednesday that it will keep the size of its debt auctions steady. Bond investors will closely monitor the future trajectory of those auctions. The Fed’s inflation gauge and employment report will be released on Thursday and Friday, respectively. These numbers will show whether the U.S. economy is cooling enough to justify additional rate cuts. Of course, we have the presidential election on November 5, followed by the Fed’s November meeting. Currently, swaps are pricing in an 80% chance the Fed trims back its benchmark rate by an additional 25 basis points. --------------------------------------------------------------- [Turn Your Images On]( From our Partners at Banyan Hill Publishing. [“Crypto King:” The Best Post-Election Strategy For Investors]( In December 2020, crypto legend Ian King alerted his readers to a rare "Asymmetric Eruption" crypto event that led to gains as high as a potentially life-changing 18,325% over the next 12 months. Not familiar with an “Asymmetric Eruption?” [Then I urge you to click HERE immediately.]( Because Ian has just released a surprise prediction: 3 specific “alt” coins could ride a new “Asymmetric Eruption” for spectacular gains. The catch: you need to get in before Election Day (November 5th.) [Learn how to get started when you click here.]( --------------------------------------------------------------- Pent-up Demand With interest rates coming down, it’s clear that people are more open to larger purchases again. We see that with home sales spiking above. Have higher interest rates changed your strategy for buying or financing cars, homes, furniture or any other higher-priced items? Are you sitting on a pile of cash, just waiting for rates to hit a key level before you buy that shiny new boat? Let us know by emailing Feedback@MoneyandMarkets.com. [Matt Clark, CMSA®]( Chief Research Analyst, [Money & Markets Daily]( --------------------------------------------------------------- Check Out More From Money & Markets Daily: - [DON'T WAGER ON THESE 2 SPORTS BETTING STOCKS]( - [THE FED'S BEEN HERE BEFORE…]( - [BULL MARKET STATUS REPORT AFTER 62% RALLY]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, 702 Cathedral Street, Baltimore, MD 21201. 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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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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