TradeSmith Daily

June 2024

How Apple’s AI Week Could Send it to New Highs

June 10, 2024Michael Salvatore

A rare bull signal means it’s time to go “risk on”… Why the “summer slump” shouldn’t spook you… The best-performing stock in the S&P 500 for this week… Jason Bodner’s latest Quantum Edge Hotlist… Apple’s big developer event tends to bring big short-term returns… There’s something odd about this year’s rally. Something you likely would’ve never noticed just scanning the charts. So far this year, the S&P 500 has significantly outperformed the Dow Jones Industrial Average. At Thursday’s close, it’s

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Apple’s AI Revolution Is Finally Here

June 9, 2024Michael Salvatore

Note from Michael Salvatore, Editor, TradeSmith Daily: This week, you can confidently expect mainstream tech and financial journalists to get the biggest story in AI completely wrong. But thanks to his industry contacts in Silicon Valley, Luke Lango from our corporate partner InvestorPlace has the real story you need to see. In short, we could be on the eve of a massive AI revolution set to take place right on the device where you may be reading this email. And it could

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How a Little-Known Hedge Fund Wizard Trades Bitcoin

June 8, 2024Michael Salvatore

Back in 2019, I had the great pleasure of meeting Larry Benedict and then working with him for several years. If the name doesn’t ring a bell, I’m not too surprised. Larry’s what you might call a “trader’s trader.” Few in the mainstream know his name, because he simply doesn’t aspire to be a market celebrity like Bill Ackman, Warren Buffett, or Ray Dalio. He’s solely focused on his track record – the ultimate standard he holds himself to. And

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It’s a Great Time to Buy These 5 Stocks

June 7, 2024Keith Kaplan

Market history says we’re in the worst period for returns all year. The old saying “Sell in May and go away” perpetuates this. The story goes that British traders back in the 1800s would cash in every May, take the summer off, and “not come back till St. Leger’s Day,” a horse race in mid-September. It has some merit. The six months between May and October are a historically weak period. Our own dataset proves it: Since 1950, stocks have

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One Company Set to Thrive in Hurricane Season

June 6, 2024Michael Salvatore

As summer heats up, so do our oceans. Warmer waters mean more stormy weather. Just recently, the NOAA (National Oceanic and Atmospheric Administration) rang the alarm bells as their models forecast a very active hurricane season for 2024. Their prediction is for 17 to 25 named storms, with anywhere from 8 to 13 of them becoming actual hurricanes…. yuck! Anyone living in the Southeastern part of the U.S. knows how uncomfortable wind and rain can be. BUT – these seasonal

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Two Ways TradeSmith Readers Win

June 5, 2024Michael Salvatore

The rising tide is sinking these small-caps… How TradeSmith’s software makes stock-picking a breeze… Two ways TradeSmith users are profiting right now… The one stock catching up to bitcoin’s 7-year return… The NYSE glitch and the danger of stops… Apple’s breakout AI moment may soon arrive… It’s rarely been so simultaneously profitable and dangerous to be a small-cap stock picker. Right now, the rising market tide is lifting some boats far more than others. Yet even as the broad Russell 2000 ETF (IWM) is

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Don’t Let This Stock-Split Myth Cost You Money

June 4, 2024TradeSmith Research Team

If you’ve been around the markets for any amount of time, I’m sure you’ve run into one glaring fact… Your favorite stocks often sport high share prices. A case in point is semiconductor stalwart NVIDIA Corp. (NVDA), which is trading at about $1,130 as of Monday afternoon… after ripping more than 3,265% in the last five years. Another example is a company I’ve owned for years, Chipotle Mexican Grill (CMG). That’s reached an uber-high price of $3,050 as of Monday

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How Elon Takes His Revenge

June 3, 2024Michael Salvatore

PCE numbers make room for the Fed to make its first fabled cut… Inflation’s not as high as it seems… And rates are even higher… The S&P 500 has gone nowhere in 3 months… A quick earnings trade on a retailer turnaround… How Elon Musk could take revenge on Joe Biden this election season… The personal consumption expenditures (PCE) report last Friday hid some key details beneath the headline numbers, which are sure to nudge the Fed toward making a

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