Watch now…
The consumer price index (CPI) inflation report for February was just released and shows prices increased 0.4% from last month and 3.2% from a year ago. But overall, the trend is down for all categories except energy prices; those are continuing to rise.
I anticipated rate cuts early in 2024, though that’s changed since just last week when Federal Reserve Chair Jerome Powell stated that Fed officials need some time before gaining full confidence to cut interest rates… though they’re close.
Regular Power Trends readers may remember me pointing out that the average inflation rate is 3.77%, and we’re now under that at 3.2%. So while we may need to wait a little longer, we’re on track for those long-awaited cuts.
And that leads me to an interesting stock that I’ll go over in this week’s Power Trends+ video analysis: Celsius Holdings (CELH).
You may have heard of this popular energy drink… or had one or two to get you through the day.
CELH is a discretionary stock, and that’s one reason I chose it to go along with my CPI analysis. Once the Fed does cut rates, discretionary companies have some catching up to do.
We’ll dive into the fundamentals, technicals, and the all-important Quantum Score. I’ll show you all these impressive figures and why I love this stock by using the Quantum Score widget (which is now available to Quantum Edge Pro subscribers).
My Quantum Edge system finds stocks with the most potential and the highest probability of making you money, and we look forward to talking about them with you every week.
We’d love to hear which stocks you’d like us to feature in an upcoming Power Trends+. Please reach out to me at [email protected] with any questions or recommendations.
Talk soon,
Jason Bodner
Editor, Jason Bodner’s Power Trends