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- 🤔 How to Play a Possible Republican Sweep
🤔 How to Play a Possible Republican Sweep
Plus, the latest US retail casualty
Pencils down, it’s time for lunch. Here’s what you missed this morning:
🟨 | Market Snapshot: The Dow retreated slightly, and the S&P 500 and Nasdaq Composite inched higher as investors digested data showing a softening labor market.
😓 | In focus: According to a report from ADP, companies added 150,000 jobs in June, below the Dow Jones consensus estimate of 160,000. Additionally, wage gains for those who stayed in their jobs only amounted to 4.9% YoY, the smallest increase since August of 2021.
💀 | Noteworthy: The latest US retail casualty… Clothing retailer Bob’s Stores will permanently close all its locations in the US after 70 years in business.
🤔 | The Midday Trade: How to Play a Possible Republican Sweep. Scroll down for more.
Plus, feeling completely overwhelmed by the thought of launching your business online? Our partner will help you.
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STREET STATS
MORNING MOVERS
PARA: Paramount’s stock surged on news that Skydance reached a preliminary deal with National Amusements to merge with Paramount (CNBC)
TSLA: Shares of Tesla continue to rally after posting better-than-expected Q2 vehicle deliveries that triggered several analyst price target hikes (IBD)
STZ: Beer and wine seller Constellation Brands saw its stock rise in premarket after earnings topped estimates, but its shares are now falling (Barron’s)
LLY: Shares of Eli Lilly fell despite the FDA approving the company’s Alzheimer’s drug, donanemab, and expanding its treatment applications (CNBC)
MGM: MGM Resorts International’s stock rose after BITG initiated coverage with a Buy rating and a $52 price target (Investing.com)
TOP CALLS
Citizens Financial Group: Jefferies Maintains Hold on Citizens Financial Group, Raises Price Target to $37 (Trade It)
Aecon Group: Raymond James Maintains Market Perform on Aecon Group, Lowers Price Target to C$16 (Trade It)
Cadence Bank: Jefferies Maintains Hold on Cadence Bank, Lowers Price Target to $29 (Trade It)
Trex Co: DA Davidson Maintains Neutral on Trex Co, Lowers Price Target to $80 (Trade It)
Lovesac: Roth MKM Maintains Buy on Lovesac, Maintains $30 Price Target (Trade It)
Tesla: Canaccord Genuity Maintains Buy on Tesla, Raises Price Target to $254 (Trade It)
THE MIDDAY TRADE
Preparing For a Red November
Following the debate, Wolfe Research has come out with some guidelines on how investors could approach a Republican sweep of the White House and Congress should it occur in November.
The investment firm has unveiled a list of long and short stock picks that could help investors if that scenario materializes. The stocks are spread among a wide-ranging group if industries including financials, healthcare and tech.
Stock Picks
Trump Media & Technology Group (DJT) is one name that stands out and has been in the headlines recently. It is the parent company for Trump’s Truth Social social media app, and the ex-president himself holds a majority stake. Shares are up 89% YTD but have been very volatile since its IPO.
The firm thinks healthcare stocks, specifically UnitedHealthcare (UNH), could benefit from an easing of regulation that would be expected under a Trump second term. Shares are down 6% YTD.
On the short side, Wolfe likes Tesla (TSLA) and SolarEdge (SEDG) Technologies to see their share prices fall under a possible Trump presidency. The stocks are down 15.5% and 74.4% YTD, respectively. Both operate in the world of alternative energy, something that many think could struggle under Trump.
Putting It in Perspective
While specific stocks and sectors may be affected by a President’s policies, historically speaking, the overall market does not do better under one party or another. The stock market’s return over the course of a presidency has been negative only twice in history - during 1973’s stagflation and the 2008 financial crisis.
What the Fed does in regards to interest rates and who is chosen as Jerome Powell’s successor in 2026 will have a much greater effect on markets over the next four years than who wins in November. The data shows that people, not markets, care about elections.
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!
SURVEY THE STREET
Activist investment firm Elliott Management has set its sights on Southwest Airlines, looking to oust CEO Bob Jordan and Chairman Gary Kelly.
However, it won’t be easy. Southwest Airlines has adopted a shareholder rights plan, a “poison pill.” If Elliott acquires a 12.5% stake in the company, the poison pill will activate, allowing shareholders to purchase additional shares at a 50% discount.
Elliott currently has a $1.9 billion stake that amounts to 11% of Southwest.
Will Elliot Management Successfully Oust Southwest's CEO? |
Plus, Yesterday’s Poll + Results:
🟨🟨🟨⬜️⬜️⬜️ Below 5,400
🟩🟩🟩🟩🟩🟩 5,400 to 5,599
🟨🟨🟨🟨🟨⬜️ 5,600 to 5,799
🟨🟨🟨⬜️⬜️⬜️ 5,800 or above
What did you think of today's edition? |
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