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🧑‍💻 This Tech Laggard Is Starting To Heat Up

Is this turnaround story for real? Plus, why Tesla is outperforming its Mag 7 peers to start the week

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Happy Monday! They say you can’t teach an old dog new tricks. But, some positive news headlines can turn an old dog into a potentially interesting turnaround story. Plus, why Tesla is outperforming its Mag 7 peers.

—Aaron Bry

Plus, if you’re looking for exposure to the clean energy and lithium world, look no further than today’s partner.

MARKET SNAPSHOT

Last Week: We hit new all-time highs. A delayed reaction to the Fed’s decision to cut interest rates by .5% helped bring the overall market to new highs. Let’s see if we continue in the right direction this week.

On Our Radar: Some big earnings are coming this week from companies like Costco, Royal Caribbean Cruise Line and more. Plus, we’ll get PCE data later in the week giving us further insights into where inflation stands.

TOP STORY

Basically: Intel Corporation saw a 2.38% increase in its pre-market trading on Monday, following reports of a potential multi-billion dollar investment from Apollo Global Management Inc and a takeover interest from Qualcomm Inc.

What Happened: Apollo, a U.S.-based asset management firm, is considering an equity-like investment of up to $5 billion in Intel, Bloomberg reported on Sunday, citing an anonymous source.

PRESENTED BY LI-FT

In Canada’s Northwest Territories lies what could be North America's largest hard rock lithium resource. The Yellowknife Lithium Project has 13 lithium pegmatite systems with grades averaging 1.0-1.2% Li2O over widths of 10 to 30 meters.

Now Li-FT Power Ltd., a Canadian mineral exploration company, holds 100% interest in Yellowknife. With 50,000 meters of drilling completed, the company is advancing towards a maiden resource estimate. 

Ready to be part of this exciting opportunity?  Visit https://carboncredits.com/liftpower-lift/ to learn more about the Yellowknife Lithium Project and consider investment possibilities.

FIVE ZINGERS

Wait A Sec: $TSM’s stock gained this morning on news that the company might sign a big deal with the UAE… but now Taiwan Semi is denying the rumors.

Powerful Followthrough: Constellation Energy’s stock soared more than 20% on Friday, and is continuing to run this morning. Here’s what’s going on.

Analyst Downgrades: Analysts are coming in with downgrades to big-name stocks like Microsoft and General Motors. Here’s why it matters.

Time To Strike?: Crowdstrike shares have rallied more than $100 a share since its fiasco a few weeks ago. Is now the time to buy?

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

Basically: Shares of Tesla, Inc are rising strongly in premarket trading on Monday, reversing part of Friday’s losses. The positive sentiment toward the electric vehicle maker’s stock is attributable to optimistic expectations concerning third-quarter deliveries.

So: The company typically releases the data just after the end of the quarter and therefore it could be announced in a little over a week’s time. Could the stock keep running ahead of this upcoming company event?

PRESENTED BY CBOE
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