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Happy Tuesday! All eyes are on today’s election, and America’s largest bank just released its prediction for how the economy and the markets will react. Plus, Benzinga’s members-only market report, including three stocks that look like buys with the election looming.

Plus, for a strategy combining growth potential with consistent income? Check out today’s partner.

MARKET RECAP

Yesterday: Markets slid after a nervous day’s trading, as trader’s and investors awaited news about who will be next to call 1600 Pennsylvania Ave. home.

On Our Radar: Marathon Petroleum, Vestas Wind, and other energy companies report today. But who are we kidding - all eyes will be on the election.

TOP STORY

If Trump And Republicans Sweep, Dollar May Climb 7% — But Harris Win Could Bring 5% Drop, Says JPMorgan

What Happened: JPMorgan, America’s (and the world’s) largest bank, released a report on what effect Kamala Harris or Donald Trump winning the Presidency would have on the dollar.

And if you’re hoping for a Trump win, the news is good - unless you’re also hoping to export your goods abroad.

Here’s why JPMorgan sees a Trump win as good for importers, but bad for exporters.

SPONSORED CONTENT

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• Balanced Growth & Income: Strives for NAV growth and income, aiming to enhance returns and manage risk.

• Option-Based Strategies: By selling covered calls on individual stocks, these ETFs generate premium income, ideal for investors seeking both growth and income.

Explore Our Covered Call ETF Lineup:

Exposure to growth sectors like FANG and AI, REX ETFs offer a strategy targeting payouts without sacrificing growth.*

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FIVE ZINGERS

Stung By Bees: Mark Zuckerberg’s plan to build a nuclear-powered data center to fuel Meta Platforms’ (META) AI plans have hit a snag. Here’s how rare bees have put the construction plans on hold for now.

Well Liked: Data analytics company and Wall Street favorite Palantir Technologies (PLTR) revealed that third-quarter revenue had surged by 30% - in part because one customer had increased annual revenue by 12x after adopting Palantir’s AI technology.

Shakycoin: The election doesn’t have just stock investors in jitters. Both Bitcoin and Ethereum, the two largest cryptocurrencies, slipped yesterday. But here’s one popular crypto “coin” that’s surging ahead of the vote.

Too High For Comfort: The Fed is cutting rates and yet the interest rates on mortgages keep climbing. Here’s what’s going on.

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.

ONE FOR THE ROAD

3 Stocks To Take A Look At Before The Election Results Are In

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, three stocks that are poised to move up because of that week’s trends. Here’s a sneak peek at one of the three stocks from the latest Insider report:

Coinbase (COIN) - 100% Return Potential

• Coinbase (COIN) is a cryptocurrency brokerage company.

• The company made $2.93 billion in revenue in 2023, along with $94.87 million in earnings.

• COIN has an elevated valuation with its P/E at 38.45, its Price-to-Sales at 12.53, and its EV to EBITDA at 26.12.

• From a technical perspective, COIN is trying to break out from a saucer pattern. The result may be another acceleration to the upside.

To keep reading, click here to sign up for Benzinga Edge - and get the Insider Report every week.

A MESSAGE FROM BENZINGA

Last Chance: Download The Election Cheat Sheet Today

Smart money isn't waiting for election results. This '2024 Election Investor's Cheat Sheet' reveals where they're quietly positioning right now – and how you can too BEFORE election day is over. Download your guide for free right here.

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*Investing in the Fund involves a high degree of risk. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund. Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus. Please read the prospectuses carefully before you invest. Investments involve risk. Principal loss is possible. For a prospectuses, [click here https://www.rexshares.com/] or call 1-844-802-4004.

FEPI - The Solactive® FANG Innovation Index includes 15 highly liquid stocks focused on technology. These large, tech-enabled equity securities are all listed and domiciled in the U.S. The Index is comprised of eight core-components Apple (AAPL), Amazon (AMZN), Meta Platforms (META), Alphabet (GOOGL), Microsoft (MSFT), Netflix (NFLX), NVIDIA (NVDA), Tesla (TSLA) AND the seven top traded names across the technology sector.

AIPI - The BITA AI Leaders Select Index is a rules-based composite index that tracks the market performance of companies, listed on recognized exchanges based in the US, that are at the forefront of AI technologies. The final BITA AI Leaders Select Index is calculated by aggregating the “Purity Leaders” and “Key Enablers” categories and weighting them in a fixed proportion of 40% and 60%respectively. The index is rebalanced monthly and reconstituted quarterly.

The Fund’s investment exposure is concentrated in the same industries as that assigned to the underlying securities. Some or all of these risks may adversely affect the Fund’s net asset value (“NAV”) per share, trading price, yield, total return, and/or ability to meet its investment objective. The value of the Fund, which focuses on underlying securities in the technology sector, may be more volatile than a more diversified pooled investment or the market as a whole and may perform differently from the value of a more diversified pooled investment or the market as a whole.

Current distributions may include return of capital (ROC). For full details on the composition of distributions, please refer to the latest 19a-1 notice.

Sector Concentration Risk. The trading prices of the Fund’s underlying securities may be highly volatile and could continue to be subject to wide fluctuations in response to various factors. The stock market in general, and the market for technology companies in particular, where applicable, has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of those companies.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility of the underlying reference security, the time remaining until the expiration of the option contract and economic events. For the Fund in particular, the value of the options contracts in which it invests are substantially influenced by the value of the underlying securities.

AIPI Additional Risk. Associated Risks Related to Investing in Artificial Intelligence. Artificial Intelligence typically faces intense competition and potentially rapid product obsolescence. These companies are also heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. There can be no assurance these companies will be able to successfully protect their intellectual property to prevent the misappropriation of their technology, or that competitors will not develop technology that is substantially similar or superior to such companies’ technology.

Funds distributed by: Foreside Fund Services, LLC, not affiliated with Rex Shares, LLC, or its affiliates.