The “Oprah Effect” Smacks One Stock and Boosts Another
Like everyone else, I am well acquainted with Oprah Winfrey and her empire of talk shows, magazines, satellite radio, book clubs, movies, a production studio, and who knows what else. She’s so influential that she has an effect named after her: the Oprah Effect. All we need is her first name. The Oprah Effect typically refers to her power to catapult sales into the stratosphere of a book, a business, or anything else she endorses. We recently saw the Oprah Effect in the stock market. One stock took a beating. Another shot higher.
Power Trends+: The Three Steps to Finding This Market-Beating Stock
Check out this week’s Power Trends+ video to find out more about this well-known shoe brand and why it’s one of the best stocks on the market. My fellow TradeSmith analyst and business partner Luke Downey will also walk you through his three-step guide on how to find these outlier stocks – ones that the smartest investors and institutions buy up, but that you can get in on first.
I’m Angry… And You Should Be Too
Chances are high you should be embarrassed. At least according to motivational speaker and social media influencer Grant Cardone, who recently said that earning $400,000 a year would “embarrass” him as a husband, a father, and a human being. He went on to say, “How do you make sense of $35,000 a month? You guys haven’t done the math. You have not done the math because you cannot live on 400 grand a year.” Seriously?
All Investors Should Heed This Warning
Whether investors engage in this “casino-like behavior” knowingly or unknowingly, the result is the same: It’s a path to failure. The house always wins in the end. You don’t have to go down that path. Instead of the odds stacked against you, you can flip them in your favor – and heavily in your favor – to beat the house, the market, your neighbor, and most other investors.
Power Trends+: The Two Hottest Stocks of the Year
I’m excited to introduce a new feature here in Power Trends where we’ll analyze – on video – the most interesting and talked-about stocks in the market. We’ll call it Power Trends+, and a big part of the plus is my business partner at our research firm and fellow TradeSmith analyst, Luke Downey.
The Aha! Moment That Inspired It All
We’ve all experienced a defining moment. That “aha!” moment where everything just clicks. We make a clear connection from something that’s been there the whole time. Sometimes we realize it right away; other times it becomes clear in hindsight. For me, it was an aha moment that played out for a month, but it all started with a phone call.
3 of the Hottest Stocks In the Market – Are They Too Hot?
Eleven stocks in my quantitative analysis system have Technical Scores of 91.2… the highest current rating. They have nearly doubled on average since the beginning of November, when this latest rally was just getting under way. And they’re up 73% on average in just the first eight weeks of 2024. The three biggest gainers of the group have more than tripled on average in less than four months. You can guess at least one of the three… and maybe two.
Nvidia Reignites the A.I. Boom – Here’s What’s Next
We heard from arguably the most important stock in the market yesterday. Not convinced? After recent choppiness, the S&P 500 shot back up to all-time highs. Nvidia’s (NVDA) 15% pop vaulted it up to the fourth most valuable stock in the world, now worth $1.9 trillion. Yes, Nvidia makes advanced computer chips. But more importantly, those chips are in extremely high demand for artificial intelligence applications. Its earnings yesterday were not just a referendum on the company but on A.I itself.
Should You Buy Companies Where You Spend Your Money?
Consumer spending makes up about two-thirds of the U.S. economy, so if you took advantage of Presidents’ Day sales this weekend, you did your part to support your local economy. Actually, consumer spending held up well even as inflation was increasing and the Federal Reserve was raising rates. We consumers deserve a pat on the back for keeping the economy going more than anyone expected. But did you see the headlines last week? Retail sales declined in January much more than expected.
I’ll Never Look at Investing the Same Way Again
My quantitative analysis system is based on a stunningly simple premise… Own the best. Easy to understand, right? Not as easy to do. Hence all the time and money that went into developing my system – identifying the right data to collect and then designing the algorithms to analyze it the right way.
