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🔥 Having A Fire! ...Sale
Where there's a dip, there's a buying opportunity.
Brooks Dyroff
April 19, 2024
Happy Friday, Zingernation! Well, if you’re a tech investor like I am, it wasn’t that happy of a Friday. The Nasdaq continued its slide, closing down more than 6% on the week. The QQQs are now up only 3% YTD — despite being up more than 10% YTD just a couple of weeks ago.
On the bright side, the stock market’s doing what every good struggling business does: Having a FIRE SALE! NVIDIA dropped 10% today, wiping out more than $100 billion in valuation. Of course, a single share will still set you back $762, but hey. A discount’s a discount.
Today’s Price Action:
$SPY: -.87%
$QQQ: -2.07%
$DIA: +.57%
Plus, sick of picking your own stocks? Check out the company that’s helping retail traders get into algorithmic trading.
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TODAY’S MOST VOLATILE STOCKS
TODAY’S TOP STORY
Briefly: The Nasdaq 100 closed today’s session down 2.1%. It gets worse.
What Happened: This was the tech-heavy index’s worst day since late October 2023. On the week, the Nasdaq 100 tumbled 6.1%, its worst week since October 2022, and the fourth consecutive week of declines, a negative streak not seen since May 2022.
Why It Happened: Today’s downturn echoes a wider pessimistic sentiment around U.S. tech stocks. Delays in interest rate cuts, mixed guidance from corporate earnings and growing geopolitical risks have formed a detrimental environment for tech companies.
What Next: Said rate cuts may not be coming anytime soon. This week, Fed Chair Jerome Powell said the central bank wasn’t confident in the pace of disinflation — and renowned veteran Wall Street investor Ed Yardeni suggested the Fed could afford to take “the rest of the year off.”
Click here to read more.
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Nurp is transforming the way everyday investors like you trade on the financial markets. Bringing precision trading and investing technology to market, Nurp is setting the stage for the future of invest-tech.
Nurp’s flagship product, the Algorithmic Trading Accelerator, features 4 trading algorithms — with a 5th one in the works — allowing users to trade around the clock with minimal human intervention on multiple financial markets, diversifying their portfolios and making Wall Street jealous with each monthly statement.
Currently working in the gold and forex markets, Nurp is expanding into the cryptocurrency market with our latest trading algorithm in the works.
Revolutionize your trading experience with Nurp, the future of invest-tech. Nurp brings cutting-edge precision to your investments, making it simpler for everyday investors to navigate the complexities of the financial markets.
ONE TRADE IDEA NEXT WEEK
Briefly: Meta reduced the price of the Meta Quest 2 virtual reality headset to $199 permanently, half its original price in 2020.
What: Despite the release of the Quest 3, priced at $500, the Quest 2 remains an attractive entry point into VR, compatible with all Quest games except for exclusives for the Quest 3.
What Else: This price cut also applies to accessories like the Elite Strap with Battery.
Why It Matters: Concerns linger about Meta’s long-term support for the Quest 2, despite assurances from execs that support for first-party games would remain for “quite a while,” given the company’s history of discontinuing support for previous models.
Click here to read more.
PRESENTED BY NURP
Nurp is transforming the way everyday investors like you trade on the financial markets. Bringing precision trading and investing technology to market, Nurp is setting the stage for the future of invest-tech.
Nurp’s flagship product, the Algorithmic Trading Accelerator, features 4 trading algorithms — with a 5th one in the works — allowing users to trade around the clock with minimal human intervention on multiple financial markets, diversifying their portfolios and making Wall Street jealous with each monthly statement.
Currently working in the gold and forex markets, Nurp is expanding into the cryptocurrency market with our latest trading algorithm in the works.
Revolutionize your trading experience with Nurp, the future of invest-tech. Nurp brings cutting-edge precision to your investments, making it simpler for everyday investors to navigate the complexities of the financial markets.