šŸ’£ Stocks That Could Boom in June

Plus, home prices hit a new record...

Pencils down, itā€™s time for lunch. Hereā€™s what you missed this morning:

  • šŸŸØ | Market Snapshot: The Dow pulled back slightly, and the S&P 500 hovered near flat as Nvidiaā€™s shares dipped for a second day.

  • šŸ“° | In focus: According to the S&P Global flash readings released this morning, the US service sector activity hit its highest level in 26 months in June. Additionally, the PMI flash reading for manufacturing came in at 51.7, a three-month high and 0.4 points better than in May.

  • šŸ„µ | Noteworthy: In May, inventory of homes for sale jumped up 6.7% month to month. Despite an increase in inventory, demand pushed the median home price in May to a record $419,300.

  • šŸ’£ | The Midday Trade: Stocks That Could Boom in June. Scroll down for more.

Plus, our partner is showing off their revolutionary software system that tracks the moves of institutional investorsā€¦. in real timeā€¦

šŸ›Žļø You currently have 0 referrals, only 1 away from receiving JPMorgan's Top Picks For June.

TOGETHER WITH TURNING POINT

Hey trader,

Today I want to show you how our research shows you couldā€™ve grown a $25,000 account into $109,616.12 within the last TWO months.

You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that existsā€¦

Itā€™s a revolutionary software system that tracks the moves of institutional investorsā€¦. in real timeā€¦

Which means we can now pile into the same exact stocks institutions are buying or sellingā€¦ as itā€™s happening.

And in the last 2 months, this system has scored an insane 93.5% win rate across 60+ issued trade alertsā€¦

Giving over 450 regular traders like you a chance to nail 56 winners out of 60 issued trades.

Now Iā€™m not promising youā€™ll get the same resultsā€¦ or that you wonā€™t have any lossesā€¦

But if you want to see how this new trading tool works plus get in on the very next tradeā€¦ 

*By clicking the link above you agree to periodic updates from The TradingPub and its partners (privacy policy)
**Stated results are from hypothetical options applied to real published trades from 10/30/23 - 12/26/23. The result was a 93.5% win rate, an average return of 13.7% including winners and losers and average hold time of less than 24 hours. Performance is not indicative of future results. Trade at your own risk and never risk more than you can afford to lose.

STREET STATS

MORNING MOVERS

SRPT: Shares of Sarepta Therapeutics jumped after the FDA approved the expanded use of its Duchenne muscular dystrophy drug (MW)

NKE: Nikeā€™s stock rose after Oppenheimer upgraded it from Perform to Outperform and raised its price target from $110 to $120 (YF)

ASAN: American software company Asana saw its stock surge upon announcing its board of directors approved a $150 million stock repurchase program (BW)

GILD: Shares of Gilead Sciences continued to rise following a massive rally yesterday on news of its 100% effective HIV prevention shot (QZ)

NVDA: Nvidiaā€™s stock slipped, adding to losses from yesterday as the chip makerā€™s post-stock-split rally looks to be running out of steam (Barronā€™s)

TOP CALLS

Veeva Systems: RBC Capital Reiterates Outperform on Veeva Systems, Maintains $250 Price Target (Trade It)

Millicom: Scotiabank Maintains Sector Outperform on Millicom Intl Cellular, Raises Price Target to $30 (Trade It)

Lennar: Citigroup Maintains Buy on Lennar, Lowers Price Target to $174 (Trade It)

OptimizeRX: JMP Securities Reiterates Market Outperform on OptimizeRx, Maintains $16 Price Target (Trade It)

Cabaletta Bio: Cantor Fitzgerald Reiterates Overweight on Cabaletta Bio, Maintains $50 Price Target (Trade It)

KKR: Keefe, Bruyette & Woods Maintains Outperform on KKR, Maintains $116 Price Target (Trade It)

THE MIDDAY TRADE

Elite Material

Goldman Sachs (GS) recently unveiled its top global stock picks for June.

First up is Elite Material (2383). The firm views the Taiwanese electronic components producer as an under-the-radar AI play. It controls around 40% of the market of AI-powered computers, servers, and smartphones. 

Investors can gain access to the stock through the Taiwan Stock Exchange and the SmartETFs Asia Pacific Dividend Builder ETF. Elite Material currently makes up 2.9% of the ETFā€™s holdings. Goldman thinks the stock has a 54% upside.

Thai Oil

The investment bank is also bullish on Thai Oil (TOIPY) due to its strong cash flow and earnings. 

According to analyst Nikhil Bhandari, its current sustainable fuel project could result in a 45% increase in capacity and a 40% jump in EBITDA per barrel margin accretion. 

Investors can access the stock on the Stock Exchange of Thailand or its Nasdaq ADR. Goldman believes it has around 43% upside.

Signify

Signify (PHPPY), a Dutch lighting company, caught Goldmanā€™s eye as well. The bank thinks it could rise as much as 63%. 

Analyst Daniela Costa likes the stock due to its improving margins. She also believes it will benefit from changes to the European construction industry, which is its biggest market. 

Investors can access Signify via the Euronext Amsterdam stock exchange as well as its Nasdaw-listed ADR.

TOGETHER WITH TURNING POINT

Hey trader,

Today I want to show you how our research shows you couldā€™ve grown a $25,000 account into $109,616.12 within the last TWO months.

You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that existsā€¦

Itā€™s a revolutionary software system that tracks the moves of institutional investorsā€¦. in real timeā€¦

Which means we can now pile into the same exact stocks institutions are buying or sellingā€¦ as itā€™s happening.

And in the last 2 months, this system has scored an insane 93.5% win rate across 60+ issued trade alertsā€¦

Giving over 450 regular traders like you a chance to nail 56 winners out of 60 issued trades.

Now Iā€™m not promising youā€™ll get the same resultsā€¦ or that you wonā€™t have any lossesā€¦

But if you want to see how this new trading tool works plus get in on the very next tradeā€¦ 

*By clicking the link above you agree to periodic updates from The TradingPub and its partners (privacy policy)
**Stated results are from hypothetical options applied to real published trades from 10/30/23 - 12/26/23. The result was a 93.5% win rate, an average return of 13.7% including winners and losers and average hold time of less than 24 hours. Performance is not indicative of future results. Trade at your own risk and never risk more than you can afford to lose.

SURVEY THE STREET

At the end of April, President Biden released a budget proposal that included a 25% annual tax on unrealized capital gains for Americans with over $100 million in income and assets.

That proposal may have legs to stand on in the wake of yesterdayā€™s Supreme Court decision in Moore v. United States, in which the court decided Congress has the authority to impose taxes on unrealized gains for foreign investments.

However, Justice Kavanaugh noted that whether broader wealth taxes are constitutional or not is a question for another case.

Will a Tax on Unrealized Capital Gains Become Law Before 2026?

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Plus, Yesterdayā€™s Poll + Results:

šŸŸ©šŸŸ©šŸŸ©šŸŸ©šŸŸ©šŸŸ© Yes āœ… 

šŸŸØšŸŸØšŸŸØšŸŸØā¬œļøā¬œļø No āŒ 

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