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- Markets dipped but we found a mover
Markets dipped but we found a mover
Gotta love a win on a red day
Deal Ends Midnight EST
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Hey Folks, Jeff Bishop here.
The markets hit some turbulence today after the awesome day yesterday.
The S&P 500 and Nasdaq each closed down about half a percent.
Investors are struggling to make sense of conflicting economic data.
Friday’s jobs report was dismal, with nonfarm payrolls growing just 73,000 in July, and May and June’s numbers revised downward by a whopping 258,000.
On the other hand, earnings in general, and the AI Trade in particular, have been very solid.
Of the Mag 7, Microsoft, Meta, Amazon, Apple, and Alphabet all reported great quarterly earnings, and all eyes will be on Nvidia when it reports late this month.
Palantir stole the show today, with its shares ripping 7.9% after its quarterly revenue topped $1 billion for the first time.
The stock is now up an incredible 130% YTD and 619% over the past year.
It takes stones to hold on to a stock like that when nearly every talking head is calling it wildly overvalued. Investors who did are thanking their lucky stars right now!
And I bet you are thanking your lucky stars if you managed to catch my “tactical trade” idea from this morning.
I alerted a stock with a recent history of bounces when it floats around the $1.00 mark, and after it dipped to $0.94 yesterday I was watching for that to play out again.
After an initial pump-fake, the stock hit double-digits before lunchtime:

It ultimately peaked at 13.5% and closed the day up about 4.2%.
Not bad for a down day in the markets!
For tomorrow, I’m looking at a tech stock that stands to benefit massively from the AI trend.
It’s one I’ve alerted several times recently, and each time it made a double-digit intraday move.
When I alerted it in May, it made a nearly 20% move.
The stock has trended down over the past month, but it inflected up today in what I think could be the start of a bottom bounce.
Things are looking good after hours as well.
This is one you’ll want in your sights as soon as the market opens, so I’ll have my full writeup to your inbox before the opening bell.
Talk to you then!
To Your Success,

Jeff Bishop
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