- Ring The Bell
- Posts
- 📈 Of All The Seven, This Stock Has Been The Most Magnificent
📈 Of All The Seven, This Stock Has Been The Most Magnificent
Why this Mag 7 stock is outperforming all the others, BofA's favorite three sectors right now and more
You're receiving this email because you're subscribed to Ring the Bell from Benzinga. To manage your subscription, click the link at the bottom of this email.
Happy Tuesday! If you own the ‘Magnificent 7’ stocks, your portfolio’s probably looking pretty strong. Unfortunately, I call my portfolio the ‘I bought too late eight’. But, here’s why one Mag 7 stock has been outperforming the others, plus BofA’s favorite three sectors right now.
—Aaron Bry
Plus, check out the company that’s reshaping the glucose-monitoring space, which could be a $30 billion industry by 2030.
MARKET SNAPSHOT
Yesterday: The market hit new highs as investors continued to take bullish stances following the Fed’s cut. The S&P 500 led the way, closing up more than .4%.
On Our Radar: Some Fed Speak today with Federal Reserve Governor Lisa Cook speaking at 11:10 am ET, then after the close more Fed officials will host a panel about technology disruption at 6:15 pm ET.
TOP STORY
Basically: Tesla Inc’s stock revved up in September, soaring over 24% and leaving its Magnificent Seven peers in the dust.
Year-to-date gains for the car manufacturer stock are a modest 5.32%. Still, Tesla’s recent surge outpaces rivals like Nvidia Corp by a wide margin.
The Question Now: Can Tesla sustain this rally, or is it running out of gas?
PRESENTED BY CLEANCORE SOLUTIONS
CleanCore Solutions develops a patented technology that replaces traditional cleaning chemicals with a safe, low-cost solution that infuses water with ozone to produce an effective all-natural alternative. The company competes in a worldwide market expected to be worth nearly $93 billion by 2027.
In its most recent financial filing and business update, the company revealed a shift in its sales strategy that appears to have had positive results. While the company reported a net loss for the year of $2.3 million, this compares favorably to the more than $5 million loss it reported in 2023. The potential for positive earnings may come from the type of wins the company reported in recent months.
In just the last several months, CleanCore has closed sales with a leading university in the United States, one of the largest airports in the southwestern and one of the world's leading logistics companies. Click here to learn more.
FIVE ZINGERS
The Future Of Energy?: Nuclear stocks have been hot recently (no pun intended). Even $NVDA CEO Jensen Huang is a fan. These are three to look at.
What’s New: Boeing’s stock is down once again today, as the struggling plane manufacturer considers a $10 billion offering through a stock sale.
The King Of Crypto: As the Fed cuts rates and the dollar weakens, one crypto bull thinks the environment could spark a new run in Bitcoin.
Bounce Back: After hitting new lows last week, $DJT is bouncing back and could notch its third straight green day. But, how much more will it run?
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: Bank of America has spotlighted three sectors that could benefit from the Federal Reserve’s rare dual approach of rate cuts and rising corporate profits.
What Happened: Savita Subramanian, BofA’s head of U.S. equity and strategy, referred to this situation as a “rare double whammy of stimulus” during her appearance on CNBC on Monday. Here are the banks favorite three sectors right now.
PRESENTED BY BENZINGA
Gain access to expert stock picks, actionable insights, and exclusive tools to help boost your portfolio’s ROI. Your next 5 picks are ready—click here to get started now.
BEFORE YOU GO
Were you forwarded this email? Click here to subscribe.
And be sure to check out our other newsletters:
Future Finance: Where fintech, crypto, and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.
Cannabis Daily: A must-read daily briefing for cannabis investors, operators, and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.
Real Estate Weekly: Where we highlight the movers and the losers, the upgrades and the downgrades, the top stories and opportunities in the trillion dollar REIT and real asset industry. Subscribe here.
Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis, and news. Subscribe here.