Will There Be A Debt Ceiling Deal?

JOIN OUR LIVE SESSIONS! Our LIVE session starts when the big institutions and elite traders do before the opening bell. We'll look at real-time dark pool data as the market movers position themselves for the trading day in secret off-market exchanges. [JOIN OUR LIVE TRADING SESSION @ 6am PT / 9am ET]( [Shadow] Hello investor, After ignoring the drama of a potential debt default, Wall Street is now a little bit more nervous as June 1st deadline is approaching rapidly. President Joe Biden and House Speaker Kevin McCarthy said they had a “productive” call over the weekend and will meet later today. The markets briefly raised the odds for a rate hike after a Fed official hinted about it. But it quickly came down after Fed Chair Jerome Powell signaled a pause. So, this week’s trading is likely to be about the debt ceiling and price movements in regional bank stocks, said Chris Weston of Pepperstone Group. - “Market pricing is firmly back to thinking the Fed will pause,” Chris Weston, head of research for Pepperstone Group Ltd., said in a Monday note. “The US debt ceiling, and the price action in US banks, are going to dominate the narrative.” (Source: Bloomberg) Bank of America strategist Savita Subramanian just raised her year-end target for the S&P 500 to 4,300 from 4,000. Why? Companies are focusing on efficiency which could make earnings more stable. She said the current valuation is not cheap, but we are in middle of a profit recession. Naturally, it makes the valuation look expensive for many stocks for now. - “Current valuations are not low, but rarely are low during profits recessions. On cyclically adjusted earnings, valuations argue for price returns of 5% per year for the S&P 500 over the next decade,” Subramanian said in a note to clients. The first-quarter earnings season is coming to an end, as Zoom Video, Lowe’s, and Dick’s Sporting Goods will report this week. More importantly, the personal consumption expenditures inflation will be out on Friday. As a bonus, the Fed Reserve meeting minutes will be out on Wednesday, and we could get more clues on the thinking of the central bank’s path forward for interest rates. Love 15%+ Growth With Small Risk? Buy This Stock Today’s Stock Pick: The Chefs' Warehouse, Inc ([CHEF]( Running an independent, menu-driven restaurant demands special foods to make their dishes unique and more delicious than your regular, chain restaurant. That’s where The Chefs’ Warehouse comes into the picture. The company is a specialty food and center-of-the-plate product distributor, which it meets the unique demands with a range of specialty foods that includes about 50,000 stock-keeping units. Many of them are rare and unique. - For example, these include handmade charcuterie, gourmet cheeses, uncommon oils and vinegar, truffles, caviar, chocolate, and pastry goods. The Chefs’ Warehouse also offers custom-cut beef, shellfish, hormone-free chicken, and food items like cooking oils, butter, eggs, milk, and flour. Highly fragmented: Specialty food distribution is highly fragmented with CHEF holding the position as the number one national competitor. This brings tremendous opportunity for acquisitions to consolidate the industry and creates a clear revenue growth path. How big is the opportunity? CHEF’s LTM Q3 2022 net sales of $2.38 billion represent about 10% of the company’s target market. This is far from a saturation point, as CHEF can easily grow its revenue by acquiring and increasing its share. (Source: The Chefs’ Warehouse) Diversified customer base: The best thing about CHEF is that its top 10 customers account for less than 6% of net sales for LTM Q3 2022. In fact, it has more than 40,000 unique customer locations. If a restaurant chooses another supplier, it wouldn’t deliver a blow to CHEF’s business. As proof of the quality of its products, CHEF has some of the most exclusive customers. It serves Four Seasons, The Ritz-Carlton, JEAN-GEORGES, The Culinary Institute of America, Cipollini, and so on. (Source: The Chefs’ Warehouse) Critical Route-To-Market For Specialty Suppliers: CHEF has built an incredible flywheel in its business. The more restaurant customers it acquires, the more suppliers want to work with CHEF. And because CHEF has top suppliers, more restaurants want to work with CHEF. The company sources more than 2,500 different suppliers across the globe, and some of them are hard-to-get and exclusive. If a supplier wants to crack the restaurant market, the best (and the fastest) route may be through The Chefs’ Warehouse’s network of restaurants. Now, let’s talk numbers… CHEF sees a clear path of acquiring 4% to 6% revenue growth through organic and another 5% to 10% through acquisitions. That isn’t a big challenge, right? And it expects to earn $4 billion in revenue for the next 2 to 3 years. That would represent about 58% growth from 2022’s guidance (which it hasn’t announced the year-end results) to the end of the 3rd year. (Source: The Chefs’ Warehouse) New guidance: The company recently announced revenue guidance of $2.85 billion and $2.95 billion. That would about 16% in revenue growth from its estimated 2022 revenue. That would be a rock-solid growth. Bottom line: The Chefs’ Warehouse’s diversified customer base makes it less volatile to any economic cycle. Because of how fragmented the industry is, CHEF has a clear path to grow its revenue steadily through acquisitions. If you have cash that you absolutely want to protect from any shock, CHEF offers an above-average growth with lower risk. FREE LIVE TRADING SESSIONS & TRAINING USING THE MOST COMPREHENSIVE DARK POOL MONITOR AVAILABLE TO THE RETAIL INVESTOR Join our LIVE Trading Sessions throughout the day where we will focus on how you can learn to master the markets through the use of advanced algorithms and AI to trade like the institutions. BEFORE THE BELL Starts 6am PT / 9am ET Our newest LIVE session starts when the big institutions and elite traders do, well before the market opens. We'll look at realtime dark pool data as the market movers position themselves for the tra ding day in the secret off market exchanges. LIVE TRADING SESSION Starts 8am PT / 11am ET Take advantage of Trade Algo's proprietary advanced algorithms for anticipating big market swings in our daily LIVE trading session. Trade Algo's Senior Analyst Luke Russell will walk you through the key tools and strategies that the institutional investors and top traders use to profit from high volatility in the market. THE FINAL HOUR Starts Noon PT / 3pm ET According to Wall Street Journal approximately 20% of the trading volume happens at the last 30 minutes of the day. Institutions make the majority of these trades in private dark pool exchanges -- away from the public’s eyes. The timing happens for two reasons: 1) Index funds make their trades to mimic the closing price of a stock. 2) Billionaires trade near the end of the day because they anticipate major news that will be released during after-hours. Because they trade in dark pools, the public doesn’t know about these trades until one day later. We’ve consistently spotted the correlation between a spike in dark pool volume at the end of the day and the next day’s price movement. In the Golden Hour we will identify and analyze these movements so you can trade with confidence. CATCH THE SPARK Starts 4pm PT / 7pm ET Catch The Spark is led by trading expert Luke Russell, starting at 4pm PT / 7pm ET. Open to all this session is a recap of the day and a prep for the next trading day with an emphasis on identifying and examining "spark" orders, those large institutional trades taking place behind closed doors in off-market exchanges, that drive stock movement. Bring the stock or options trade you've been waiting to make and we'll show you the information the hedge-funds, big institutions and top traders use to evaluate and time the trade. [REGISTER NOW! IT'S FREE]( OR [SCHEDULE A LIVE ONE-ON-ONE DEMO!](       © All Rights Reserved, Trade Alliance [Unsubscribe]( | [Manage Preferences](