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🦢 Why This Billionaire Investor Says 'Black Swan' Event Is Coming Soon
Investor who predicted 2000 and 2008 market crashes warns of a new black swan event coming, Nike takes a hit and more
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Happy Wednesday! Have you ever noticed that investing is kind of like going to the zoo? You see bears, you see bulls, you’ve even got a guy named ‘Roaring Kitty.” But the scariest animal on Wall Street isn’t a shark or tiger; it’s a swan. And here’s why one billionaire investor expects a black swan event coming soon, plus, three tech stocks that could soar this month.
—Aaron Bry
Plus, check out today’s partner if you’re looking for exposure to lithium, a crucial material for the growing EV and clean tech industries.
MARKET SNAPSHOT
Yesterday: The market sold off as geopolitical concerns led to weakness in the overall market, with the Nasdaq and S&P 500 trading down. Humana was a notable loser on the day, and is trading down again this morning.
On Our Radar: ADP payroll numbers came out before the open, and the private payroll company reported more jobs than expected. Then we’ll get some Fed Speak throughout the day.
TOP STORY
Basically: Mark Spitznagel, co-founder of Universa Investments, believes the stock market is in a "Goldilocks phase" following the Federal Reserve's rate cuts and China's stimulus measures.
So: After a crash last month, the market surged to new highs, but Spitznagel warns this euphoria won't last in an interview with Bloomberg. Here’s how Spitznagel and other hedge funders are protecting their portfolios against a crash.
PRESENTED BY SIGMA LITHIUM
Sigma Lithium Corp. (NASDAQ: SGML), the São Paulo, Brazil-based lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable Quintuple Zero Green Lithium Concentrate, just secured a loan to cover the construction of its second Greentech plant.
The development loan from National Brazilian Bank for Economic and Social Development or BNDES comes with favorable terms including a 16 year payback period, 7.45% interest rate, which is below the Brazilian sovereign interest rate of 10.5% and no collateral requirements. Sigma Lithium expects to double lithium production to 520,000 tonnes from the current 270,000 when the new plant comes online in summer 2025.
The loan comes at a time when the EV market is taking off as the world looks toward a greener future. The market is projected to grow at a CAGR of 13.8% from now until 2032. To see how Sigma Lithium is capitalizing on that, click here.
FIVE ZINGERS
Unhealthy Environment: Humana’s stock got absolutely clobbered as concerns mounted regarding the percentage of customers on a 4-star insurance plan.
Just Do It: Nike’s stock slipped after the company reported earnings after the close yesterday. EPS beat expectations, but the shoe giant pulled its forward guidance.
Can Elon Deliver?: Tesla reports delivery numbers today. Here’s why one investor is expecting a big beat.
Job Well Done: ADP reported more-than-expected jobs in its payroll data this morning. Here’s what it means for the economy and Fed’s interest rate plans.
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: The most oversold stocks in the communication services sector present an opportunity to buy into undervalued companies.
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. Here are three oversold tech stocks that could skyrocket this month.
PRESENTED BY LASER PHOTONICS
Laser Photonics Corporation recently formed a partnership with Boston Engineering Corporation to help improve naval defense maintenance. The collaboration will integrate Laser Photonics’ advanced laser cleaning systems into Boston Engineering's autonomous robotic crawlers, creating a solution for the maritime industry.
The partnership attempts to address critical challenges in naval maintenance, like labor shortages and safety concerns, while also prioritizing fleet readiness. Equipped with Laser Photonics's technology, the bots will scale ship hulls and will automate corrosion removal and cleaning processes.
Fusing robots and laser technology could transform shipyard operations, potentially offering a safer, more efficient alternative to traditional maintenance methods. Learn more about how the company’s technology can support your industrial processes.
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