Nasdaq Soared on Strong Retail Sales Data

Earn While You Learn! ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!]( Hello investor, Nasdaq Soared on Strong Retail Sales Data Wall Street was gifted more good news yesterday. Advanced retail sales jumped 1% in July, above the expectation of a 0.3% increase. It was a blockbuster report. It came with a caveat when June sales were revised lower to a decline of 0.2% from the previous flat report. Overall, Wall Street was thrilled with the report. Recession fears are slowly fading, as the Nasdaq surged 2.34% yesterday. - “Once again, this was further evidence that the U.S. consumer still has the ability to surprise to the upside,” wrote Richard de Chazal, macro analyst at William Blair. “This was another solid report, and inconsistent with a consumer who is on the brink of collapse.” Richard de Chazal, macro analyst at William Blair (Photo: William Blair) It marks how unpredictable the economy is. Investors thought a recession was a sure thing a year ago. That didn’t materialize. After a strong rally, investors briefly thought an economic slowdown was coming, leading to a brutal sell-off. The sell-off was short-lived when positive economic data sparked a strong recovery in stocks. - “This entire economic cycle has been a headscratcher from much higher-than-expected inflation to a much more resilient consumer than anyone could have forecast back in the dark days of 2020,” Chris Zaccarelli Independent Advisor Alliance said. So, we’ve got a “dream” economy for the current scenario. Inflation is falling. Consumer spending remains robust. They are the perfect ingredients for a soft landing. The Federal Reserve looks poised to cut interest rates just twice this year — September and December. - “What hard landing?” said Aditya Bhave at Bank of America Corp. “The July retail sales data were consistent with our soft-landing economic outlook. We remain comfortable with our view that the Fed will cut rates only twice this year, by 25 basis points each, in September and December.” Is it going to be smooth sailing from now on? Jeffrey Roach at LPL Financial doesn’t think so. He expects economic data to offer “conflicting signals” down the road. Volatility may naturally follow. - “Investors should expect more volatility in the near term as the economic data likely give conflicting signals,” said Jeffrey Roach, LPL Financial chief economist. Jeffrey Roach, LPL Financial chief economist (Photo: Yahoo Finance) A Top Cloud Banking Stock to Own Right Now Today’s Stock Pick: nCino, Inc. (NCNO) It is tough to be in the banking industry right now. The industry goes back to early human civilization. Banks have evolved to adapt to changing consumer needs over the last decades, but things are changing quickly nowadays. Why? Of course, consumers are more tech-savvy. They are used to creating accounts through mobile phones to order food, exchange money, and so on. Younger generations don’t want to go to physical bank branches to open an account. (Who wants to wait in line?!) What’s more, fintechs are popping up to leverage AI/ML to qualify, approve, and process loans automatically. Banks must catch up. Quickly. That’s where nCino comes into the picture. Its platform enables banks to digitalize and automate processes and workflows using AI/ML. This allows them to process loans faster. And because of nCino’s ability to integrate data, its platform helps banks to stay compliant. In other words, it makes things eaiser for the front, middle, and back offices at a bank to work together to make quicker (and automated) decisions. (Source: nCino) Its platform has led to a 67% increase in loans for a community bank in the U.S. It also saw a 70% decrease in approval process time. These were huge improvements. (Source: nCino) It is a perfect time to be in this business. A research by IDC showed that the banking industry will spend the most on public cloud services in 2027 at a ~20% CAGR. The company already worked with 25 of the top 50 financial institutions in the US and 5 of the top 7 in Canada. They are in 16 countries with ~1,850 customers. (Source: nCino) There is a plenty of growth runaway. The company believes the serviceable addressable market (SAM) is at $18.7 billion. The company has penetrated only 1% of the consumer segment and 6% of the commercial segment. There is a lot of potential for the business to grow in the next decade. (Source: nCino) Moreover, the percent of customers using more than one product doubled in three years, starting in 2Q FY2021. Meaning? Customers found nCino to be so useful that they bought more products from the company. (Source: nCino) Naturally, it led to a strong subscription revenue CAGR of 35% since FY 2022. The company never failed to grow quarterly subscription revenues since 1Q’22. (Source: nCino) Because of declining expenses, the company’s free cash flow margin jumped from -9% to 42% in the recent quarter. So, the company is turning profitable. Hence the reason why it is a perfect time to buy the stock. (Source: nCino) Bottom line: Banks are at risk of a huge technological disruption, so they are spending lots of money to modernize their operations and offerings. The nCino platform makes it easy for banks to achieve the goal, so the company looks poised to grow robustly in the next few years. [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!](       © All Rights Reserved, Trade Alliance [Unsubscribe]( | [Manage Preferences](