Happy Monday! After the 5% post-election rally in the S&P 500 last week, traders and investors seem set to continue chasing stocks higher. But legendary investor Rob Arnott suggests things are anything but rosy. In fact, he thinks the markets look a lot like they did just before the 2001 dot-com crash. Here’s when he thinks the next crash is coming. Also, here are five under-the-radar stocks that are starting to catch investor interest after the election.

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MARKET RECAP

Last Week: Markets surged last week after the election results were in, with the S&P 500 jumping 5%. The rally stopped late in the week, when Fed Chair Powell suggested interest rate cuts may come slower than expected, but seems set to continue this week.

On Our Radar: Lots of big earnings coming this week, including Wednesday’s report by chip giant NVIDIA. With AI fever powering NVIDIA past Apple to be the most valuable company in the world recently, this earnings report may determine where the market as a whole will go.

TOP STORY

Legendary Investor Rob Arnott Says Stock Market 'Looks And Feels Like The Year 2000' As Wall Street Rallies After Trump's Win: '...Likely To See A Bear Market'

The current stock market environment is reminiscent of the dot-com bubble peak, according to Rob Arnott, the founder and chairman of Research Affiliates. Arnott predicts a significant pullback in the near future.

Here’s when he thinks the bear market is coming, and what will set it off.

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FIVE ZINGERS

Rally Tempered: Bitcoin, Ethereum, and other cryptocurrencies surged after the election, much like the stock market. And much like with stocks, Fed Chair Powell’s comments threw cold water on the rally. But experts still see Bitcoin climbing much higher before the end of the year.

Chip Warming: NVIDIA has surged to become the largest company in the world by market cap, largely on the near-monopoly of its powerful AI chips. But the latest iteration of these chips is running into some potentially very serious issues. 

Rough Air: Aerospace giant Boeing has had a rough few years, and is now cutting its workforce by 10% - more than 17,000 people. The first layoff notices to union members have just gone out, with potentially huge repercussions for regional economies.

Top Dog: Investment Bank Goldman Sachs just released a new forecast, suggesting that the US economy will far outpace Europe’s, at 2.5% GDP growth to Europe’s measly 0.8%. There’s only one thing the bank is worried might throw a wrench in the works.

House Party: President-elect Trump has voiced a number of ways to fix America’s housing shortage. Here’s how those ideas might shake out.

ONE FOR THE ROAD

5 Stocks Seeing Huge Investor Interest After The Election

Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.

On Friday, Benzinga Edge members received a list of five of these up-and-coming stocks. As a valued Ring the Bell reader, today you’re getting a sneak peek at one of them:

Axon Enterprises Inc. (AXON): The weapons and cloud-based digital evidence company was one of many that saw strong interest from investors after the 2024 presidential election was won by Donald Trump.

The company recently reported third-quarter revenue of $544.3 million, up 32% year-over-year. The revenue total beat a Street consensus estimate of $525.1 million. Axon also reported earnings per share of $1.45, which beat a Street estimate of $1.20.

The quarter continued a streak of consecutive quarters of beating analyst estimates, which now stands at 10 for both revenue and earnings per share. Axon also shared revenue guidance for the fourth quarter with an expected range of $560 million to $570 million, ahead of a Street estimate of $523 million.

To keep reading, and get the other four Whisper Index stocks, sign up for Benzinga Edge here.

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