You're receiving this email because you're subscribed to Ring the Bell from Benzinga. To manage your subscription, click the link at the bottom of this email.

Happy Monday Zingernation! I have a lot to be bullish about this morning. That fantasy football team I drafted Saturday night? Going undefeated for sure. My golf game? This could be the month that I finally put it all together and shoot even par. But, the one thing I’m not bullish on right now is China. Here’s why this household Chinese name is down 20% heading into trading, and taking a look at three financial names that could blast off this quarter.

—Aaron Bry & Nic Chahine

Plus, tired of roller coaster rides in the stock market? Unlock Higher Potential Yields and Lower Volatility with Private Credit

MARKET SNAPSHOT

Last Week: Was another bounce-back week for the markets, with all major indices closing the week up as the overall market recovers from the Yen carry trade sell off a couple of weeks ago.

On Our Radar: It’s all about $NVDA this week. The semiconductor giant will report on Wednesday, and outside of that, we will get some PCE data later in the week. Should be a fun one, so buckle up traders and investors!

TOP STORY

Temu Parent PDD Posts 86% Q2 Topline Growth, Stock Drops After CEO Flags Upcoming Challenges

Basically: Temu parent PDD Holdings Inc reported fiscal second-quarter 2024 revenue growth of 86% year-on-year to $13.36 billion (97.06 billion Chinese yuan), missing the analyst consensus estimate of $14.02 billion.

So: The Chinese online retailer’s adjusted earnings per ADS of $3.20 (23.24 Chinese yuan) increased from 10.47 Chinese yuan Y/Y, beating the analyst consensus estimate of $2.73. The stock plunged after the print. But, forget the numbers, here’s what the CEO said that spooked traders.

PRESENTED BY PERCENT

Tired Of Roller Coaster Rides In The Stock Market? Unlock Higher Potential Yields and Lower Volatility with Private Credit

Savvy investors are turning to the $2 trillion private credit market that offers the potential for up to 20% annualized returns with lower volatility.

Private credit deals are structured to thrive in rising-rate environments. Higher interest rates increase returns to investors and recurring interest payments provide monthly cash flow.

Join thousands of investors who have funded over $1 billion in deals on Percent, the leading platform providing accredited individuals access to these exclusive private credit opportunities.

Start your journey in private credit investments today. Explore Percent's latest offerings and discover new sources of yield for your portfolio.

FIVE ZINGERS

Time To Buy In Bulk?: Costco has been one of the market’s best performers. But here’s why one analyst is bullish on one of Costco’s competitors.

Insider Buys: They say there’s a lot of reasons to sell, but only one reason to buy. Insiders are buying shares at Coupang and these other stocks.

Watch Out eBay: Ikea is taking on eBay and Craigslist with a new second-hand furniture marketplace. Here’s what you need to know.

Slashing Demand: Morgan Stanley slashed its outlook for oil demand for the rest of the year. Here’s why it matters, and which stocks could be impacted.

Heating Up?: Bitcoin is back above the $60,000 mark as ETFs continue to see large inflows. But will it go back to all-time-highs anytime soon?

ONE FOR THE ROAD

Top 3 Financial Stocks That Could Blast Off This Quarter

Basically: The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies.

So: The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. Here are three financial stocks that could be prone to breakout in the next few months.

PRESENTED BY YIELDSPARK

Work Smarter, Not Harder: 5 Lazy Ways To Make Extra Cash By Doing (Almost) Nothing

Feeling lazy but still want to earn some extra cash? We've done our research and found some unusual (but legit) ways that people can stack their bank accounts without having to leave their house. Some will help you save. Others will help you pad your wallet right away.

If your bank account could use a boost but you don't want to start a second job, then these could be right for you.

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Future Finance: Where fintech, crypto, and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.

Cannabis Daily: A must-read daily briefing for cannabis investors, operators, and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.

Real Estate Weekly: Where we highlight the movers and the losers, the upgrades and the downgrades, the top stories and opportunities in the trillion dollar REIT and real asset industry. Subscribe here.

Mining Weekly: Get an insider's edge with news, analysis, and commentary on what’s shaping the mining and commodities industry that powers the global economy. Subscribe here.

Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis, and news. Subscribe here.