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- 📈 Experts Are Betting On These Two Sectors To Gain The Most From Trump 2.0
📈 Experts Are Betting On These Two Sectors To Gain The Most From Trump 2.0
Plus an under-the-radar stock that's starting to catch on, and more
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Happy Tuesday! Two well-respected stock analysts just released their ideas for the best trades to make for the upcoming return of Donald Trump to the White House - and it’s not the stocks that have been making the news.
Plus, if you’re looking for a better way to trade market indices, check out today’s sponsor.
MARKET RECAP
Yesterday: Markets kept climbing, and TSLA kept soaring.
On Our Radar: The September Consumer Price Index is released today, the first of several reports this week that could put a brake on the post-election rally - or accelerate it even more.
TOP STORY
On Monday, famed market analyst Tom Lee, managing partner of Fundstrat, picked out his best trades for the upcoming Trump administration.
FIVE ZINGERS
Price Diplomacy: President-Elect Trump had a phone call with Russian President Putin, urging him to deescalate the war in Ukraine. Here’s how oil prices reacted to the prospect of lowering tensions.
To The Moon: The post-election crypto mania continues, with Bitcoin having surged past $90,000. That’s a 30% increase in just a week. Experts think it will get to this price level before the rally runs out of gas.
Calling All Traders: Benzinga's World Championship of Trading is here, and all you have to do is sign up and paper trade for your chance at the prizes.
Who Needs Safety: Speculative cryptocurrencies may be surging after Trumps win, but gold, the world’s “safe-haven asset” of choice, is tanking. The reason is simple - and potentially worrying.
The “Messi of AI”: A data analytics company focused on security and defense founded in 2003 has just surpassed Lockheed Martin in market. Here’s how this relative newcomer grew so fast - and why it’s not stopping anytime soon.
ONE FOR THE ROAD
Editor’s Note: Every week, Benzinga Edge members receive the Insider Report. It’s a rundown of what to expect from the markets in the week to come, which sectors are outperforming and why, and most importantly, a selection of hand-picked stocks that are poised to move up because of that week’s trends. Here’s a sneak peek at one piece of the latest Insider Report’s sector analysis:
Over the past decade or so, the fintech boom along with cryptocurrencies has led to a type of merge between the technology sector (XLK) and the financial sector (XLF). And especially over the past year, we've seen a major renaissance in the performance of financials.
If we have a look at the ratio between these two important sectors, we'll see that tech (XLK) was doing its thing against financials (XLF) until July. But it looks like an important high formed, and since then, financials have been in control.
It looks like this ratio is on the precipice of a notable breakdown from a rounding top formation. If this follows through, it could signal that XLF’s outperformance against XLK is just getting started. No need to rush to come to conclusions, however, as historically, it hasn't been wise to bet against tech.
To keep reading, and get full Inside Report every week, sign up for Benzinga Edge here.
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