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👨‍🏫🔮📉 Nouriel Roubini has torn into cryptocurrencies as an epic scam, declared the most speculative ones are worth less than nothing, and called out Kim Kardashian for promoting coins.

"Crypto is the biggest scam ever in financial history!" he tweeted on Monday, highlighting a Financial Times report that Celsius Networks' founder, Alex Mashinsky, withdrew $10 million from the crypto exchange before it filed for bankruptcy.

Roubini, an economics professor at NYU Stern, is nicknamed "Dr. Doom" as he often issues bleak economic diagnoses. He's also not shy about firing off colorful insults; he asserted in another Monday tweet that manure is more precious than some of the most ridiculous coins, given its use as a natural fertilizer.

"Their true value isn't 0; it is rather negative given their negative externalities," he said, meaning that the market doesn't price in the environmental costs of mining and trading the coins.

The economist also flagged the news that Kardashian agreed this week to pay $1.3 million to the Securities and Exchange Commission. The payment was to settle charges that she promoted a token on Instagram without disclosing that she was paid $250,000 to publish the post.

"100s of celebrities handsomely profited by peddling criminal shitcoins & crypto scams shafting suckers," Roubini tweeted. "The current fines are only a slap on the wrist. They should be prosecuted."
Roubini has repeatedly proclaimed that the crypto boom is a product of greed, speculation, criminal activity, and the exploitation of unwitting investors.

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Reported by Business Insider 
#entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
👨‍🏫🔮📉 Nouriel Roubini has torn into cryptocurrencies as an epic scam, declared the most speculative ones are worth less than nothing, and called out Kim Kardashian for promoting coins. "Crypto is the biggest scam ever in financial history!" he tweeted on Monday, highlighting a Financial Times report that Celsius Networks' founder, Alex Mashinsky, withdrew $10 million from the crypto exchange before it filed for bankruptcy. Roubini, an economics professor at NYU Stern, is nicknamed "Dr. Doom" as he often issues bleak economic diagnoses. He's also not shy about firing off colorful insults; he asserted in another Monday tweet that manure is more precious than some of the most ridiculous coins, given its use as a natural fertilizer. "Their true value isn't 0; it is rather negative given their negative externalities," he said, meaning that the market doesn't price in the environmental costs of mining and trading the coins. The economist also flagged the news that Kardashian agreed this week to pay $1.3 million to the Securities and Exchange Commission. The payment was to settle charges that she promoted a token on Instagram without disclosing that she was paid $250,000 to publish the post. "100s of celebrities handsomely profited by peddling criminal shitcoins & crypto scams shafting suckers," Roubini tweeted. "The current fines are only a slap on the wrist. They should be prosecuted." Roubini has repeatedly proclaimed that the crypto boom is a product of greed, speculation, criminal activity, and the exploitation of unwitting investors. Hey!✌️We’re maybe the most digestible and enjoyable Free investing & business newsletter on the planet (really). Just give us a try— Sign up for the Sunday Latte in link in bio! • • 👉Follow @joinmidotco for more 👈 • Reported by Business Insider #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
4 hours ago
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1/9
✈️🔮🚀Boeing stock (BA) has been like a wounded bird this year amid recession fears, but an analyst at CFRA argues that it could be poised for liftoff.

Shares of the airplane manufacturer have tanked 34% year to date, badly lagging the Dow Jones Industrial Average's 17% drop.

The Street has voiced concern over how a global economic slowdown could weigh on demand for Boeing's planes. Boeing's high debt position hasn't helped investor sentiment either, particularly in a time of rising interest rates and given the uncertain timeline for FAA approval of the 737 Max 10.

"We think this fear is misplaced," CFRA analyst Colin Scarola wrote in a new note about the concerns over Boeing's debt position.

"Boeing has no floating rate debt outstanding, meaning rising interest rates won't impact its earnings, all else equal," Scarola explained. "Further, we expect the firm can repay all future debt maturities out of free cash flow without the need to refinance at higher rates."

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Reported by Yahoo! Finance 
#entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
✈️🔮🚀Boeing stock (BA) has been like a wounded bird this year amid recession fears, but an analyst at CFRA argues that it could be poised for liftoff. Shares of the airplane manufacturer have tanked 34% year to date, badly lagging the Dow Jones Industrial Average's 17% drop. The Street has voiced concern over how a global economic slowdown could weigh on demand for Boeing's planes. Boeing's high debt position hasn't helped investor sentiment either, particularly in a time of rising interest rates and given the uncertain timeline for FAA approval of the 737 Max 10. "We think this fear is misplaced," CFRA analyst Colin Scarola wrote in a new note about the concerns over Boeing's debt position. "Boeing has no floating rate debt outstanding, meaning rising interest rates won't impact its earnings, all else equal," Scarola explained. "Further, we expect the firm can repay all future debt maturities out of free cash flow without the need to refinance at higher rates." Hey!✌️We’re maybe the most digestible and enjoyable Free investing & business newsletter on the planet (really). Just give us a try— Sign up for the Sunday Latte in link in bio! • • 👉Follow @joinmidotco for more 👈 • Reported by Yahoo! Finance #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
12 hours ago
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2/9
⚡️🛻📈Shares of Rivian Automotive spiked higher Tuesday after the EV start-up released its third-quarter production update. 

Rivian produced 7,363 units in the third quarter and delivered nearly 6,600 of them. That represents an increase of 67% over Q2 production and keeps the EV maker on pace to finish the year having produced the 25,000 electric trucks it has as its goal. 

Yesterday, Tesla disappointed investors with its quarterly delivery update, but it still posted growth of 42% compared to the prior-year period. Rivian is counting on that kind of growth in the overall market. Investors are gaining confidence that Rivian can become a major player in the industry given evidence that demand remains strong and the fact that it has been able to significantly ramp up production. It's especially encouraging for Rivian investors that the company could show that growth in an environment where supply chain disruptions have hindered many global automakers. 

Today's move higher comes after the stock had dropped nearly 70% thus far in 2022. The 25,000 vehicle goal initially disappointed investors after the company previously said it had the equipment and processes in place to manufacture 50,000 in 2022, but was restricted by the availability of parts and materials. 

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⚡️🛻📈Shares of Rivian Automotive spiked higher Tuesday after the EV start-up released its third-quarter production update. Rivian produced 7,363 units in the third quarter and delivered nearly 6,600 of them. That represents an increase of 67% over Q2 production and keeps the EV maker on pace to finish the year having produced the 25,000 electric trucks it has as its goal.  Yesterday, Tesla disappointed investors with its quarterly delivery update, but it still posted growth of 42% compared to the prior-year period. Rivian is counting on that kind of growth in the overall market. Investors are gaining confidence that Rivian can become a major player in the industry given evidence that demand remains strong and the fact that it has been able to significantly ramp up production. It's especially encouraging for Rivian investors that the company could show that growth in an environment where supply chain disruptions have hindered many global automakers.  Today's move higher comes after the stock had dropped nearly 70% thus far in 2022. The 25,000 vehicle goal initially disappointed investors after the company previously said it had the equipment and processes in place to manufacture 50,000 in 2022, but was restricted by the availability of parts and materials.  Hey!✌️We’re maybe the most digestible and enjoyable Free investing & business newsletter on the planet (really). Just give us a try— Sign up for the Sunday Latte in link in bio! • • 👉Follow @joinmidotco for more 👈 • #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
1 day ago
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3/9
🛍📱😝Poshmark Inc. has agreed to sell itself in a deal that values the social shopping marketplace at less than half the price where it went public in early 2021.
South Korean internet giant Naver Corp. is paying $17.90 a share in cash for Poshmark, the companies said. Poshmark priced its initial public offering at $42 a share in January 2021 and the shares more than doubled on their first day. The stock has slumped since and closed Monday at $15.57.

The transaction values Poshmark at about $1.6 billion, including about $580 million of cash reserves, Naver said. Poshmark’s peak market capitalization was $7.3 billion, which it hit on the day it went public, according to FactSet.

Poshmark looks and behaves much like Instagram, motivating sellers to give and receive comments and “likes” and allowing users to follow their favorite sellers. Similar to eBay Inc., sellers take photos of their own items and sell them directly. Poshmark collects fees on sales on its marketplace but doesn’t hold any inventory. 

While the Covid-19 pandemic gave a boost to online shopping, Poshmark’s losses have widened and its revenue growth has slowed this year. After reaching $90.9 million in revenue in the March quarter, revenue edged down to $89.1 million in the June quarter and Poshmark forecast it would come in between $85 million and $87 million for the September quarter.

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Reported by WSJ
#entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
🛍📱😝Poshmark Inc. has agreed to sell itself in a deal that values the social shopping marketplace at less than half the price where it went public in early 2021. South Korean internet giant Naver Corp. is paying $17.90 a share in cash for Poshmark, the companies said. Poshmark priced its initial public offering at $42 a share in January 2021 and the shares more than doubled on their first day. The stock has slumped since and closed Monday at $15.57. The transaction values Poshmark at about $1.6 billion, including about $580 million of cash reserves, Naver said. Poshmark’s peak market capitalization was $7.3 billion, which it hit on the day it went public, according to FactSet. Poshmark looks and behaves much like Instagram, motivating sellers to give and receive comments and “likes” and allowing users to follow their favorite sellers. Similar to eBay Inc., sellers take photos of their own items and sell them directly. Poshmark collects fees on sales on its marketplace but doesn’t hold any inventory. While the Covid-19 pandemic gave a boost to online shopping, Poshmark’s losses have widened and its revenue growth has slowed this year. After reaching $90.9 million in revenue in the March quarter, revenue edged down to $89.1 million in the June quarter and Poshmark forecast it would come in between $85 million and $87 million for the September quarter. Hey!✌️We’re maybe the most digestible and enjoyable Free investing & business newsletter on the planet (really). Just give us a try— Sign up for the Sunday Latte in link in bio! • • 👉Follow @joinmidotco for more 👈 • Reported by WSJ #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
1 day ago
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4/9
⚡️🚘😞Tesla Inc.’s shares dropped the most in four months after the carmaker blamed a disappointing deliveries report on shipment issues that increased the number of vehicles on their way to customers as the quarter ended.

The maker of Model 3 sedans and Model Y crossovers handed over 343,830 vehicles to customers in the last three months, short of the almost 358,000 total that analysts expected.

That sent Tesla’s stock tumbling 8.6% Monday, its biggest one-day decline since June 3. It was also by far the worst performer in the S&P 500 Index, which notched its best day since July.

Tesla has for years delivered big batches of vehicles toward the end of each quarter, a practice Chief Executive Officer Elon Musk has tried to move away from by localizing production in all major regions. While the carmaker opened its first European factory in Germany in March, record shipping costs are still bedeviling the auto industry along with shortages of semiconductors and other components.

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Reported by Bloomberg
#entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
⚡️🚘😞Tesla Inc.’s shares dropped the most in four months after the carmaker blamed a disappointing deliveries report on shipment issues that increased the number of vehicles on their way to customers as the quarter ended. The maker of Model 3 sedans and Model Y crossovers handed over 343,830 vehicles to customers in the last three months, short of the almost 358,000 total that analysts expected. That sent Tesla’s stock tumbling 8.6% Monday, its biggest one-day decline since June 3. It was also by far the worst performer in the S&P 500 Index, which notched its best day since July. Tesla has for years delivered big batches of vehicles toward the end of each quarter, a practice Chief Executive Officer Elon Musk has tried to move away from by localizing production in all major regions. While the carmaker opened its first European factory in Germany in March, record shipping costs are still bedeviling the auto industry along with shortages of semiconductors and other components. Hey!✌️We’re maybe the most digestible and enjoyable Free investing & business newsletter on the planet (really). Just give us a try— Sign up for the Sunday Latte in link in bio! • • 👉Follow @joinmidotco for more 👈 • Reported by Bloomberg #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
2 days ago
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5/9
👦💻🙅‍♂️Roblox stock has much more room to fall despite its big drop this year, MoffettNathanson believes. On Monday, analyst Clay Griffin initiated coverage on Roblox (ticker: RBLX), rating the stock at Underperform with a target of $19 for the price.

“We’re just not sure Roblox’s reality will be as grand as its vision,” he wrote. “In a market looking for less evangelism and more ‘meat on the bone,’ there’s plenty of room for the market to lose confidence.”

Roblox stock was down 5% to $33.94 in early Monday trading, while the Nasdaq Composite was 1.6% higher. The shares have tumbled by 67% this year as the company has reported a series of disappointing growth numbers.

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Reported by Barron’s
#entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
👦💻🙅‍♂️Roblox stock has much more room to fall despite its big drop this year, MoffettNathanson believes. On Monday, analyst Clay Griffin initiated coverage on Roblox (ticker: RBLX), rating the stock at Underperform with a target of $19 for the price. “We’re just not sure Roblox’s reality will be as grand as its vision,” he wrote. “In a market looking for less evangelism and more ‘meat on the bone,’ there’s plenty of room for the market to lose confidence.” Roblox stock was down 5% to $33.94 in early Monday trading, while the Nasdaq Composite was 1.6% higher. The shares have tumbled by 67% this year as the company has reported a series of disappointing growth numbers. Hey!✌️We’re maybe the most digestible and enjoyable Free investing & business newsletter on the planet (really). Just give us a try— Sign up for the Sunday Latte in link in bio! • • 👉Follow @joinmidotco for more 👈 • Reported by Barron’s #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
2 days ago
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6/9
🏎💶📉Porsche AG stock traded below the price it debuted at last week, succumbing to the market pressures Volkswagen AG defied by going ahead with Europe’s biggest initial public offering in more than a decade.

The sports-car maker’s shares traded down as much as 1.8% to €81 on Monday, roughly in line with the drop in the blue chip Euro Stoxx 50 Index. Porsche debuted at €82.50 -- the high end of the range VW sought -- on Sept. 29 in Europe’s biggest IPO since miner Glencore Plc raised almost $10 billion in 2011.

Porsche’s listing reaped roughly €9.4 billion ($9.2 billion) in proceeds for VW, which went ahead with the IPO amid Europe’s energy squeeze and concerns that global central banks will have to continue raising rates to tame inflation. Oliver Blume, chief executive officer of both VW and Porsche, has said the maker of the 911 will win over investors by showing resiliency as it has in recent crises, including the pandemic and subsequent semiconductor shortage.

“We have shown during the last years a very strong and robust financial profile,” Blume told Bloomberg Television last week outside the Frankfurt Stock Exchange. “Investors like to invest in stable businesses.”

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Reported by Reuters
#entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
🏎💶📉Porsche AG stock traded below the price it debuted at last week, succumbing to the market pressures Volkswagen AG defied by going ahead with Europe’s biggest initial public offering in more than a decade. The sports-car maker’s shares traded down as much as 1.8% to €81 on Monday, roughly in line with the drop in the blue chip Euro Stoxx 50 Index. Porsche debuted at €82.50 -- the high end of the range VW sought -- on Sept. 29 in Europe’s biggest IPO since miner Glencore Plc raised almost $10 billion in 2011. Porsche’s listing reaped roughly €9.4 billion ($9.2 billion) in proceeds for VW, which went ahead with the IPO amid Europe’s energy squeeze and concerns that global central banks will have to continue raising rates to tame inflation. Oliver Blume, chief executive officer of both VW and Porsche, has said the maker of the 911 will win over investors by showing resiliency as it has in recent crises, including the pandemic and subsequent semiconductor shortage. “We have shown during the last years a very strong and robust financial profile,” Blume told Bloomberg Television last week outside the Frankfurt Stock Exchange. “Investors like to invest in stable businesses.” Hey!✌️We’re maybe the most digestible and enjoyable Free investing & business newsletter on the planet (really). Just give us a try— Sign up for the Sunday Latte in link in bio! • • 👉Follow @joinmidotco for more 👈 • Reported by Reuters #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
2 days ago
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7/9
🧬🧪📈Shares of synthetic biology, or "synbio," specialist Ginkgo Bioworks rose 11.4% last week.

Often, average investors pay close attention to the stock purchases of famous investors like Cathie Wood -- and last week was the same. On Monday two ARK funds acquired shares of Ginkgo Bioworks; the ARK Genomic Revolution ETF bought 404,329 shares and the ARK Innovation ETF bought 1,026,000 shares.

The buying spree continued into Tuesday with the ARK Genomic Revolution ETF and the ARK Innovation ETF buying 39,891 shares and 106,286 shares, respectively.

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🧬🧪📈Shares of synthetic biology, or "synbio," specialist Ginkgo Bioworks rose 11.4% last week. Often, average investors pay close attention to the stock purchases of famous investors like Cathie Wood -- and last week was the same. On Monday two ARK funds acquired shares of Ginkgo Bioworks; the ARK Genomic Revolution ETF bought 404,329 shares and the ARK Innovation ETF bought 1,026,000 shares. The buying spree continued into Tuesday with the ARK Genomic Revolution ETF and the ARK Innovation ETF buying 39,891 shares and 106,286 shares, respectively. Hey!✌️We’re maybe the most digestible and enjoyable Free investing & business newsletter on the planet (really). Just give us a try— Sign up for the Sunday Latte in link in bio! • • 👉Follow @joinmidotco for more 👈 • #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
3 days ago
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8/9
📉🔍🤑The stock market is often a game in reverse psychology. That is, when the mood gets too euphoric, it’s often a sign it is time to sell. Likewise, when sentiment hits the skids, that could be the ultimate signal the time is right to load up the truck. And on that subject, J.P. Morgan’s Marko Kolanovic thinks we are at – or at least near – the bottom.

The firm’s global market strategist believes the Fed’s hawkish stance has left stocks “very oversold,” and while inflation remains persistently high, it is close to peaking.

“Meanwhile,” Kolanovic went on to add, “some pre-conditions for a market bottom are falling into place.” What are these? Well, stocks are looking “increasingly cheap,” while positioning is “extremely depressed.”

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Reported by TipRanks
#entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
📉🔍🤑The stock market is often a game in reverse psychology. That is, when the mood gets too euphoric, it’s often a sign it is time to sell. Likewise, when sentiment hits the skids, that could be the ultimate signal the time is right to load up the truck. And on that subject, J.P. Morgan’s Marko Kolanovic thinks we are at – or at least near – the bottom. The firm’s global market strategist believes the Fed’s hawkish stance has left stocks “very oversold,” and while inflation remains persistently high, it is close to peaking. “Meanwhile,” Kolanovic went on to add, “some pre-conditions for a market bottom are falling into place.” What are these? Well, stocks are looking “increasingly cheap,” while positioning is “extremely depressed.” Hey!✌️We’re maybe the most digestible and enjoyable Free investing & business newsletter on the planet (really). Just give us a try— Sign up for the Sunday Latte in link in bio! • • 👉Follow @joinmidotco for more 👈 • Reported by TipRanks #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
3 days ago
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9/9