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Happy Monday Zingernation! Sometimes during Christmas, the market delivers presents through a Santa Claus rally. And then New Year’s gives us an opportunity for a fresh, new start with our portfolios. Now, some economists are calling for the market to deliver us some fireworks just in time for Fourth of July.

—Aaron Bry & Nic Chahine

Plus, are we in store for a massive tech reset? One expert thinks so, and here’s how to trade it.

MARKET SNAPSHOT

Last Week: A sell off toward the end of last week brought us off all-time highs, but the S&P 500 and Dow still closed the week higher, despite weakness in some of the market leaders like Nvidia and Apple.

On Our Radar: San Francisco Fed President Mary Daly is set to speak at 2pm ET. Then, later this week we will get earnings from companies like FedEx, Micron and more.

TOP STORY

Nasdaq Futures Slip As Nvidia Sell-Off Continues, S&P 500 Futures Hold Up: Analyst Says 'Valuations Will Go Parabolic And It Will Be A Perfect Time To Sell'

Briefly: The U.S. market is on track to open Monday’s session on a firmer note after retreating from its record high in the final two sessions of last week. Potential clues on the near-term rate outlook from Federal Reserve officials’ speeches could potentially move stocks.

So: The tech rally will likely continue to normalize, going by the trends in the premarket session. Analysts, however, are not unduly worried about the overbought level seen in tech stocks.

Basically: Commodities are modestly higher and bond yields are flat-lining. Global cues are mixed, with Asian stocks ending in a whimper, while the European markets were advancing. Here’s how experts are trading the sell off.

PRESENTED BY INVESTORPLACE

The 2024 TECH RESET

Are we on the edge of the biggest ‘TECH RESET’ in decades? The expert who called the dot-com crash of 2000, says:

“A $17 trillion stock market panic could FORCE America’s most-loved tech stocks to MELTDOWN.

 Ultimately, dragging down thousands of other stocks in their wake – in what will be an unprecedented market panic.”

This is why a staggering 31 billionaires are selling their stocks, right now, at a record pace. Click here for the step-by-step details.

FIVE ZINGERS

Fall Out Continues: Boeing is back in the headlines again, this time as the Justice Department weighs slapping the company with criminal charges.

Cramer’s Call: Despite NVIDIA’s recent pullback, Jim Cramer is calling for the AI giant to outperform fellow tech companies like Apple and Microsoft.

Can’t Stop, Won't Stop: Investors won’t stop buying shares of Eli Lilly, with the pharma company reporting new positive data for its Zepbound drug.

Mailbox Money: Dividends are a great way to earn cash without doing much. Here’s how many FedEx shares you’d need to earn $500 a month.

Take A Guess: Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you.

ONE FOR THE ROAD

Target And Shopify Team Up: New Merchants And Products Coming To Target Plus

Briefly: Shares of retail giant Target Corp and Shopify are trading higher premarket today.

So: Target has announced a partnership with global commerce platform Shopify to feature a selection of popular merchants and their products on Target Plus, its curated digital marketplace.

Basically: This collaboration aims to expand Target Plus with new, trendy products and brands such as True Classic and Caden Lane, providing consumers with a broader array of affordable and high-quality options. Here are more details about the deal and what it will mean for investors.

BROUGHT TO YOU BY DIREXION

Level Up Your Trading with Leveraged ETFs

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Date: Tuesday, June 25, 2024
Time: 11:00 AM - 12:30 PM EST

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