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- 🤖 Not Your Dad's Robo Advisor
🤖 Not Your Dad's Robo Advisor
Plus, Elon Musk's threat to Bill Gates
Happy Wednesday afternoon to everyone on The Street. Here's a snapshot of where markets ended the trading session, plus tomorrow's trade idea delivered to you today.
🟩 | US Stocks Rose on Wednesday. The S&P 500 rose half a percent, while the Nasdaq Composite rose nearly 1%, hitting a fresh record as investors looked past disappointing economic data.
📈 | One Notable Gainer: Shares of First Solar surged 7% after announcing that it will report its Q2 financial results on July 30th.
📉 | One Notable Decliner: Walgreens’ stock fell 4%, bringing shares down a total of 30% for the month. This comes after the company reported a challenging consumer environment for pharmacies, slashed its profit guidance, and reported disappointing Q3 earnings.
🤖 | Tomorrow's Trade: Not Your Dad’s Robo Advisor. Scroll down for more.
Plus, feeling completely overwhelmed by the thought of launching your business online? Our partner will help you.
YESTERDAY’S POLL RESULTS
🟩🟩🟩🟩🟩🟩 Bullish 🐂
🟨🟨🟨🟨⬜️⬜️ Bearish 🐻
S&P 500 Heatmap. Credit: Finviz
All Stock Heatmap. Credit: Finviz
Global ADR snapshot. Credit: Finviz
MARKET MOVERS
NVDA (+5%) Shares of Nvidia popped despite news that its CEO Jensen Huang unloaded shares worth nearly $169 million in June (YF)
CEG (+2%) Constellation Energy’s stock rose following a report that the company is in talks to restart its Three Mile Island power facility (Reuters)
HUM (-3%) Shares of health insurance company Humana fell on news of a looming deadline in a class action lawsuit filed against the company (GN)
VST (+5%) Power company Vistra Corp saw shares rise following a report that the Michigan Retirement System increased its position in the company (DW)
AVGO (+4%) News broke that former House Speaker Nancy Pelosi has call options on Broadcom worth millions with an $800 strike price (Investing.com)
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OVERHEARD ON THE STREET
Reuters: First-time applications for unemployment benefits increased last week, and jobless numbers rose to a 2-1/2 year high towards the end of June.
CNBC: Ford sales rose 1% during the second quarter over the year-earlier period, led by a 5% gain in truck sales.
Fortune: Elon Musk vows Bill Gates will be “obliterated” if he doesn’t stop shorting Tesla.
Benzinga: AI ordering is on the rise, with Chipotle, Starbucks, and McDonald’s leading the charge.
ABC: A Delta flight from Detroit to Amsterdam was diverted to New York’s Kennedy Airport after passengers were served spoiled food.
TOMORROW’S TRADE IDEA, TODAY
An AI Acquisition
On Monday, Robinhood (HOOD) revealed its purchase of Pluto Capital, a firm that provides AI-powered investment research for customized investment plans.
On its own, Pluto didn’t put its plans into action by managing trades and portfolios. But with Robinhood’s capabilities and clients, the AI tools could be put to good use.
Exploring New Frontiers
Robinhood doesn’t currently offer adviser services, but it’s indicated an interest in that side of the business in the past. Pluto’s research could provide it with the cutting-edge tools to do so.
Last year Robinhood CEO Vlad Tenev informed analysts that the company was exploring advisory services, but it wanted to strategically set itself apart from competition when the right time came.
Possible Revenue Boost
More recently, CFO Jason Warnick also indicated that Robinhood’s future should include assets under management-based fee models and advisory services.
Entering the advisory business could provide Robinhood with a lucrative new revenue stream, which could substantially impact the share price over time.
Breaking into the advisory world is no small task, but it could allow Robinhood to retain younger investors as they begin to seek professional asset management.
Are you bullish or bearish on Robinhood (HOOD) over the next 12 months? |
TOGETHER WITH CLICK FUNNELS
Feeling completely overwhelmed by the thought of launching your business online?
Are you unsure of where to even begin?
Sure, you may have already purchased a course or two to get you started- but they didn’t provide the exact guidance you needed.
Here’s the deal- the quickest, easiest, and most profitable way to launch your business online is by using a sales funnel.
A sales funnel is a step-by-step process that guides your potential customers through a journey online – ensuring you capture and convert more leads.
And, it just so happens that we have a groundbreaking approach to building and launching a successful online funnel for your unique business - The One Funnel Away Challenge!
The One Funnel Away Challenge provides you with comprehensive, step-by-step training and expert guidance to build, launch, and optimize your online sales funnel, ensuring your business's success from the ground up.
The Challenge actually has two distinct tracks. You can choose to learn from
Russell Brunson, co-founder of ClickFunnels and New York Times Best Selling Author, who will teach you how to profit by becoming an influencer or creator. He’s an expert at helping you find your voice, share your message, and earn a great living WHILE making a difference in the world!
Or maybe you’d rather just quietly sell things and profit. If that’s the case, simply choose the eComm track! Trey Lewellen, a top online seller who has made millions of dollars selling stuff online and dropshipping, will guide you through finding or creating a product, launching it, and scaling it for success.
This is an exclusive offer for Street Sheet Subscribers: Gain access to both tracks in the One Funnel Away challenge AND enjoy the first 90 days of ClickFunnels included.
….but wait… there’s more….
👉 With LIVE weekly coaching calls with Russell Brunson and Trey Lewellen you’ll never need to be stuck and wondering what to do next.
👉 With FREE access to the 'Fill Your Funnel' Challenge, you'll also learn how to get all the leads and buyers you need to your funnel!
All of this for only $100!
ON OUR RADAR
The Guardian: The White House denies a NYT report that Biden is weighing whether or not to stay in the race.
Bloomberg: Marko Kolanovic, JPMorgan’s chief global market strategist, is leaving the bank amid a string of poor stock calls.
UW: The latest periodic transaction report shows that Nancy Pelosi bought shares of Broadcom and 10,000 Nvidia shares.
Bloomberg: The total number of one-family homes for sale rose to 481,000 in May, the highest since 2008.
YF: A recent survey by KPMG found that 41% of consumers said they plan to spend less on restaurants this summer compared to last summer.
What did you think of today's edition? |
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