The #1 Catalyst for Today’s Trading

Join TradeAlgo's Free Live Trading Session ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!]( Hello investor, The #1 Catalyst for Today’s Trading Happy inflation day! This morning, we will get the latest reading for the consumer price index (the CPI). The Federal Reserve officials insist on seeing a consistent disinflation, so Wall Street will want to see the CPI continuing its decline to confirm the downtrend. - “The Fed emphasized that it would need to see ‘greater confidence’ in the inflation data to begin its cutting cycle. We think part of the confidence the Fed is looking for is in the composition of disinflation,” Bank of America rates strategist Meghan Swiber wrote. Bank of America rates strategist Meghan Swiber (Photo: Bloomberg) Moreover, we will get plenty of economic data on Thursday and Friday. Some of them are January’s retail sales, production, imports and exports, housing starts and another inflation data (the producer price index). Valuation concerns: The S&P 500 is now trading around 20 times forward earnings, which makes some investors feel nervous. The benchmark index hit that level only two times in the last 25 years – the dot-com bubble and the pandemic boom. Rob Swanke at Commonwealth Financial Network pointed out that the markets are priced to near perfection, so the stakes are high for companies to keep reporting strong earnings results to maintain the rally. - “I wouldn’t say we’re in bubble territory, but the market is pricing closer to perfection now and companies will have to continue to hit high earnings targets in 2024, something they didn’t have to do in 2023,” he said. The earnings season will also continue the week ahead. Lyft, Instacart and DoorDash will report their results for a glimpse at the state of gig economy. Reports from AutoNation, AutoNation, Kraft Heinz, Hasbro and Coca-Cola will also reveal some clues on the strength of consumer spending. Strong earnings and economic data fueled the recent rally. With the earnings season wrapping up, Wall Street will likely rely on economic and inflation data to gauge whether the rally can continue. Inflation must continue its disinflation path, and the economy should keep growing. If there are any signs of a slowdown in economic activity, it could mean lower earnings growth. It wouldn’t be good for companies with lofty valuations. And any uptick in inflation might mean the first rate cut won’t happen until way later in the year. So, stay tuned for these data. A Underrated AI Stock To Buy Right Now Today’s Stock Pick: ZoomInfo Technologies, Inc. ([ZI]( Have you seen Amazon’s recommended products? Boy, these recommendations were irresistible! I ended up adding a lot of items to the cart. This happens to you all the time, right? So, artificial intelligence is really, really, really powerful. Imagine if you were a salesperson. You need good leads to meet the quota. Finding leads is like browsing for books. If you closed a lead that was perfect for your product, there are hundreds of other leads with similar characteristics. However, if you are searching for them manually (like I did in Barnes and Noble), you will be lucky to find one or two on a given day. With artificial intelligence? You can find dozens of them in five minutes! What does this mean? Business takes off like a rocket. You focus on high-probability leads and close them fast. Salespeople’s morale soars because nobody likes prospecting with a low success rate. That’s what ZoomInfo does for its customers. It leverages data (like Amazon does) to engage the right customers at the right time. Best of all, it scrapes data all over the Internet to keep databases updated. A lead may move on to another company. Therefore, ZoomInfo would update the data automatically. In fact, ZoomInfo makes more than 250 million changes to contact information every month. Signals around potential purchase intent are also available. It helps answer the key questions: Did the person just get funding? Is there a new executive in the role? Is the company opening a new location in the area? And the list goes on. Anybody who works in sales knows that “triggers” are the holy grail of hot prospects. A new CEO will be eager to make changes, and you must hit him/her before vendors are chosen. You would get in ZoomInfo just at the inflection point. IT firm Gartner estimates that 60% of business-to-business sales will be data-driven by 2025. Management believes the current penetration is in the single digits. So, the growth opportunity could be six times larger than today. Moreover, ZoomInfo’s client base is enviable with big logos like Apple, OpenAI, KraftHeinz, and ShipBob. (Source: ZoomInfo) Superior reputation: ZoomInfo is generally accepted as the dominant leader in sales intelligence, with a long list of awards by G2: (Source: ZoomInfo) Two new growth catalysts: ZoomInfo added a new vertical in its new TalentOS platform. It helps companies recruit and hire talents. The concept is the same. ZoomInfo’s AI offers key information that helps HR track the hiring process. As for the second catalyst, ZoomInfo is expanding its international footprint by opening offices in London and India. Bottom line: ZoomInfo is one of the top growth stories for software stocks. It operates in the hottest megatrend – artificial intelligence. You can clearly see the benefits of its products, so it’s an easy sale. If you are looking for an AI stock, look no further than ZoomInfo. [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!](       © All Rights Reserved, Trade Alliance [Unsubscribe]( | [Manage Preferences](