TradeSmith Daily

May 2024

This Hot Sector Is About to Get Much Cheaper

May 14, 2024TradeSmith Research Team

Lucas Downey, Contributing Editor, TradeSmith Daily If you haven’t heard, utility stocks have been climbing at a breakneck pace lately. Stories have been emerging that this value area of the market is benefiting from AI and the added energy use that’s benefiting power producers. I’m not so sure I’m buying into that narrative… but let’s give credit where credit is due. Grandmas around the country are probably in for a welcome surprise once they check their brokerage statements. Because these “safe”

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Rapid-Fire Analysis of PLTR, SMCI, FLNG, and More

May 16, 2024Michael Salvatore

Today Lucas Downey and I are back with a brand-new video analysis full of the stocks you want to hear about. A couple weeks back we asked you to send in the top stocks on your watchlist to [email protected] (to be clear, that’s an evergreen invite). We promised to put them through their paces… giving you the deep, data-driven view of whether these stocks are ones to buy or avoid. Depending on where you got these tips to begin with, you might

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How To “Skip” the Worst of Any Bear Market

May 17, 2024Keith Kaplan

In February 2020, as I read about a handful of U.S. coronavirus cases popping up for the first time, I was gearing up for a week of multiple trips and a long time away from home. Then, around 7 p.m. on Thursday, Feb. 27, I got this big, bearish alert from TradeSmith’s proprietary market-tracking algorithms. It basically said, “Run for the hills and sell your stocks.” Every major market triggered a rare “bear market” signal. I had no idea at the time

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Are These Neglected Chinese Stocks a Buy?

May 18, 2024Michael Salvatore

In March 2020, one hedge fund manager took on an obscenely risky position to leverage a unique moment in history. The stock market was just beginning a one-way trip higher in the wake of the Federal Reserve’s generous pandemic response. Trillions in liquidity meant making money over the next year would be almost too easy. But while that hedge fund manager’s tactics worked for a while… they came crashing down a year later… and he took a few stocks with

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Phase 2 of the AI Boom Will Revolutionize a $13.1 Trillion Industry

May 19, 2024TradeSmith Research Team

Note from Michael Salvatore, Editor, TradeSmith Daily: It’s a rare thing for a company to reach a $1 trillion valuation. There are only seven such companies in the world today. But my colleague Eric Fry – global macro specialist at our corporate partner InvestorPlace – believes he’s found the next one. It’s a company that’s using AI in a way he thinks will revolutionize a $13.1 trillion industry. If he’s right, it’ll become a new leader in the field like

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Paging Dr. Copper

May 20, 2024Michael Salvatore

The new shiny metal at the top of your watchlist… And why it should make you super bullish on the global economy… Breaking the inflation beat streak… High-quality, cheap, uptrending stocks are a winning formula… Jason Bodner’s newest Quantum Edge Hotlist… Our editor-in-chief, Luis Hernandez, in conversation with a data dream team… The $13 trillion industry that AI is set to disrupt next… Meet your new favorite industrial metal… Copper has seen a surge in price over the past few

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It’s Time to Buy This Deeply Oversold Sector

May 21, 2024TradeSmith Research Team

Did you get the memo to buy the most unloved area of the market? Of course you didn’t! Chances are you’re inundated with AI this or that… or meme-stock mania… and missed it. I don’t blame you. The mainstream media often focuses on the here-and-now instead of what’s more important… what’s coming next. While we can never know for sure what lies ahead for the market, data undoubtedly helps remove the clouds of uncertainty… and enlightens us to big potential

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It’s Quiet… But Not “Too Quiet”

May 22, 2024Michael Salvatore

VIX reaches a pre-pandemic low… Technical indicators show us the next likely move… The last major bear just turned bull… Jamie Dimon gets exactly what he wished for… The next frontier of AI gains lies in an unexpected place… Investors haven’t been this confident in the short-term future of the stock market since… January 2020. That is to say, investors are complacent and happy as pigs in a pen. They think stocks have an overwhelmingly large chance of running higher

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