News

Key Points

• Meta’s pivot to AI, away from the Metaverse, has resulted in triple-digit 2023 price growth.
• After a long rally, the stock’s current pullback could offer a new buy point.
• Wall

Searches for ‘delete Snapchat’ explode 1,019% as controversial ‘My AI’ feature terrifies users after posting stories and ignoring messages  

Online Searches For Delete Snapchat Skyrocket

Similarly to Thu CPI, S&P 500 couldn‘t maintain a modest retracement following the disappointing manufacturing data, but still strong retail sales. Tech failed to react to the reversal in yields

Key Points

• Uruguay-based MercadoLibre boasts a bullish chart and stellar earnings estimates.  Analysts expect earnings to more than double this year. 
• MercadoLibre’s Q2 fintech revenue

In his Daily Market Notes report to investors, Louis Navellier wrote:

Gimme Shelter

Stocks opened lower as they did yesterday, and tech is once again trying to pull up the market, as investors

S&P 500 made that tech driven upswing I cautioned you yesterday about, only to keep declining overnight in preparation for retail sales and Emire State manufacturing data. I don‘t see them as

PPI above expectations – 0.3% as I predicted – made stocks move higher only to give up all premarket gains, and some. Rotations didn‘t disappoint me – they were weak. What was disappointing, is

Crypto stocks have been on a tear since the beginning of the year.

Coinbase (NASDAQ:COIN) is up well over 250%.

Bitcoin mining stocks like Riot Platforms, Inc. (NASDAQ:RIOT) and Marathon

Feeling stuck in a savings rut despite your penny-pinching strategies? Wondering if some age-old financial wisdom is misleading you?

Unfortunately, personal finance is a subject that receives

Granite city, U.S. Outlying Islands, August 14th, 2023, Chainwire

BTCX Token, a revolutionary platform inspired by the rebranding of Twitter and the visionary influence of Elon Musk, has secured

In the vast expanse of the digital landscape, Mobile DevOps Engineering is emerging as a critical compass, steering industry evolution toward new frontiers. The year 2021 witnessed ‘DevOps Engineer’

In theory, nothing changed for the precious metals market yesterday, but in reality, it was the opposite, thanks to the signs from the USDX and stocks.

Let’s start with the latter.

We

3.2% CPI provided enough fuel for an opening S&P 500 spike above 4,535, but the tech-led rally fizzled out without reaching 4,565, which would make a good shorting area (if exhausted there)

Money is a foundational part of our lives. But it’s also a subject many children are expected to understand intuitively just by watching their parents when they’re young. The result is that many

Automakers Continue to be Among Most Shorted Securities in Americas in July, According to Hazeltree’s Shortside Crowdedness Report

Sourced from Hazeltree’s proprietary securities finance

Yesterday‘s S&P 500 downswing didn‘t last even though the sellers came back strongly before the day was over. Bonds though have recovered, 10y yield is sitting at 4% – the interest rate sensitive

In his podcast addressing the markets today, Louis Navellier offered the following commentary.

If you wish to listen to this commentary, please click here.

So Far, So Good

The Treasury

Another day, another decline in the junior miners. That’s the new reality. And with just a small push, the waterfall selling will start.

Why? For instance, because of the head-and-shoulders

In his Daily Market Notes report to investors, Louis Navellier wrote:

Market Pause

Stocks trend lower after yesterday’s pullback/partial recovery. Crude oil hits high for the year.

Stocks

S&P 500 reversed mid session, but it would be premature to call for the end of the correction – odds are that following today‘s rebound, which I saw as likely to stall in the 4,535 area as easy

• Online prices dropped 1.6% compared with July 2022, and 0.9% from June 2023
• Grocery price increases have now slowed for 10 consecutive months
• Categories including appliances