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Happy Thursday Zingernation! Everybody loves a good deal. Like when I bought that ‘87 El Camino off a guy from Craigslist. Sure, it didn’t start, but it looked pretty damn cool and I’m sure I’ll get it running one day. Speaking of deals, billionaires Bill Ackman and Warren Buffett went out and bought the dip on these stocks, plus taking a look at three stocks that could implode soon.

—Aaron Bry & Nic Chahine

Plus, looking for a way to play the EV boom? Look no further than today’s partner, Atlas Lithium.

MARKET SNAPSHOT

Yesterday: Green on the screen yet again. Last Monday’s wicked sell-off appears to be fully behind us, with all major indices closing in the green. The Dow led on the day, closing up more than .6% while tech lagged.

On Our Radar: Some hotter-than-expected retail sales number this morning helped give the market another kick-start. Time to see if the bullish trend continues for another day!

TOP STORY

Warren Buffett Still Holds 400M Apple Shares, Reveals New Investments In Ulta Beauty

Basically: Warren Buffett, the legendary investor, has disclosed significant stock sales by Berkshire Hathaway Inc. in the second quarter, including a substantial reduction in its Apple Inc holdings.

What Happened: Buffett’s company sold over 389 million Apple shares in the second quarter, and bought shares of $ULTA. But, that wasn’t the only stock Warren bought in the last quarter.

PRESENTED BY ATLAS LITHIUM

All Eyes On Atlas Lithium As The US Assistant Secretary Of State For Energy Marks A Visit To The Company's Headquarters In Brazil

Atlas Lithium Corporation recently hosted a delegation of U.S. diplomats, including Geoffrey Pyatt, U.S. Assistant Secretary of State for Energy Resources, at its headquarters in Belo Horizonte, Brazil. This visit underscores the critical role of lithium and other minerals in national security and the global clean energy transition. The U.S. aims to reduce its dependence on foreign mineral supplies, particularly from China, by forging partnerships with mineral-rich countries like Brazil. Atlas Lithium's extensive exploration projects position it as a key player in meeting the rising demand for critical minerals. Strengthened U.S.-Brazil ties highlight the strategic importance of securing these essential resources.

Explore how Atlas Lithium is driving the future of critical minerals here.

FIVE ZINGERS

Progress For Progressive?: Progressive’s stock has been on a tear, hitting new all-time highs. But, what are the analysts saying?

Cutting Losses: UBS announced that it sold more than $2b worth of real estate deals it inherited from its acquisition of Credit Suisse. Here’s why.

Cramer’s Call: Jim Cramer is bullish on this consumer staple stock, raving about the job the CEO has done to turn the company around.

The Comeback Kid: Cisco was written off as a dead stock, but the company’s latest earnings report gives bulls hope that the turnaround is for real.

No Rollback On This Stock: Walmart reported earnings this morning, and strong EPS and revenue numbers are sending shares higher.

ONE FOR THE ROAD

Top 3 Industrials Stocks That May Implode In Q3

Basically: As of Aug 15, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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 the three stocks to be skeptical of.

PRESENTED BY ATLAS LITHIUM

All Eyes On Atlas Lithium As The US Assistant Secretary Of State For Energy Marks A Visit To The Company's Headquarters In Brazil

Atlas Lithium Corporation recently hosted a delegation of U.S. diplomats, including Geoffrey Pyatt, U.S. Assistant Secretary of State for Energy Resources, at its headquarters in Belo Horizonte, Brazil. This visit underscores the critical role of lithium and other minerals in national security and the global clean energy transition. The U.S. aims to reduce its dependence on foreign mineral supplies, particularly from China, by forging partnerships with mineral-rich countries like Brazil. Atlas Lithium's extensive exploration projects position it as a key player in meeting the rising demand for critical minerals. Strengthened U.S.-Brazil ties highlight the strategic importance of securing these essential resources.

Explore how Atlas Lithium is driving the future of critical minerals here.

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