πŸ’₯ Dynamite in a Nutshell πŸ’₯

Exploding Wealth: The Meteoric Rise of the Super Rich in the Last Five Years

Happy Tuesday, Bullseye Traders! 

Let's dive into the market's latest dance moves and get a sneak peek at tomorrow's potential winning waltz.

πŸŸ₯ | US stocks took a tiny tumble on Monday. The S&P 500 and Nasdaq Composite did a soft shuffle, slipping less than 1%, while the Dow did its best to stay in place. This follows a rough week for the S&P and Nasdaq, knocking them off their all-time high pedestals.

πŸ“ˆ | One Standout Star: Crypto exchange Coinbase stole the spotlight, rocketing 4% higher as Bitcoin soared past $72,000. But, like all good fireworks, Coinbase's glow faded a bit, ending the day down 1% after news broke that the CEO of Ark Invest sold $150M of Coinbase shares.

πŸ“‰ | One Downbeat Dancer: Boeing took a nosedive, dropping 3% due to a series of plane malfunctions and a fresh DOJ investigation.

πŸ’ͺ | Tomorrow's Trade: Dynamite in a Nutshell. Stay tuned for the play-by-play below!

S&P 500 Heatmap. Credit: Finviz

All stocks are on US exchanges. Credit: Finviz

Global ADR snapshot. Credit: Finviz

SHAKERS AND MOVERS

BALY (+28%): Bally's stock hit the jackpot as Standard General made a $15/share offer to acquire all outstanding shares (WSJ)

META (-4%): Meta stumbled after Trump labeled Facebook as "an enemy of the people" (WSJ)

LLY (-4%): Eli Lilly's shares slipped, possibly due to the FDA delay on its Alzheimer's drug (BI)

NEM (+4%): Newmont Corp's gold rush continues after a game-changing acquisition, making it twice as large as its closest competitor (YF)

NKE (+2%): Guggenheim's top stock pick, Nike, looks to end its losing streak ahead of next week's earnings (Barron’s)

STREET SCOOPS: The Buzz Around Town

  • The Guardian: Bitcoin Rockets to Record High Over $72,000 as UK Embraces Crypto Exchange-Traded Products!

  • CNBC: Lara Rhame, Chief US Economist at FS Investments, Douses Market Optimism Over Fed Rate Cuts in 2024!

  • Forbes: Hold onto Your Wallets! February's Consumer Price Index Data Could Spell Inflation Woes Based on Nowcast Estimates!

  • Bloomberg: Biden's $7.3 Trillion Fiscal 2025 Budget Proposal Unveiled, US Debt Set to Skyrocket to $45 Trillion in a Decade!

  • YF: MicroStrategy Leading the Bitcoin Charge, Snaps Up 12,000 Bitcoins Worth $821.7M in Two Weeks!

Hey guys, we’ve been on a hot streak and our last swing pick generated ALMOST 5.15+% πŸ”₯ 

Did you get it?

If not, keep reading… πŸ‘‡πŸ½

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From yours truly πŸ‘‹πŸΌ