It seems like every talking head on CNBC is desperately searching for a raincloud in their otherwise sunny market forecasts, but the market just keeps ignoring them! The Dow Jones Industrial Average and the S&P 500 couldn’t care less about whispers of inflation; they’re too busy soaring to new record highs. It’s enough to make you think “The Street” is clueless, or worse… they’re hiding something.
The truth is, smart money sees right through this charade. While the mainstream media drums up fear about upcoming inflation reports and potential rate hikes, independent investors are pouring their money into the market. They understand something the suits on Wall Street won’t tell you: the greatest opportunities are found when everyone else is running scared.
Today’s Big Winners and Big Losers
Look at today’s market action and you’ll see exactly what I’m talking about. Leading the charge were usual suspects like technology titans Tesla (TSLA), Nvidia (NVDA), and Alphabet (GOOGL), up 4.58%, 6.23%, and 5.62% respectively. The Street wants you to believe that these AI powerhouses are tapped out but I’m telling you, they’re just getting warmed up. And it’s not just tech either. While the fear mongers were busy obsessing over interest rates, the travel sector quietly started taking off. Norwegian Cruise Line Holdings (NCLH) surged by an impressive 10.91%. Investors are increasingly bullish, sensing a post-pandemic travel boom on the horizon.
Of course, not every company is riding the wave of this bull market. Some of today’s biggest losers include companies like Byrna Technologies (BYRN), Spirit Airlines (SAVE) and UroGen Pharma (URGN), down 16.07%, 9.47% and 9.30%. It’s a tale as old as time: for every winner, there’s a loser, and today, it seems fear and uncertainty ruled the day for these companies.
| Ticker | Closing Price | Percentage Change |
|---|---|---|
| ALTM | 5.55 | 30.89% |
| WEDXF | 3.4 | 16.04% |
| NVX | 2.28 | 16.32% |
| TVTX | 17.59 | 15.64% |
| CTLP | 9 | 12.07% |
| BYRN | 14.41 | -16.07% |
| SAVE | 1.72 | -9.47% |
| URGN | 11.89 | -9.30% |
| EAF | 1.56 | -8.77% |
| TIGR | 8.28 | -13.92% |
What You Need to Watch Tomorrow
So what does tomorrow hold for the market? Here are a couple of events you need to have on your radar:
- The CPI Report: The big news tomorrow is the release of the consumer price index (CPI) report for September. “They” want you to believe that inflation is out of control and use it as an excuse to crash the market. Don’t buy into the hype. Look for the investment opportunities they’re trying to hide.
- Tesla’s Robotaxi Event: Tune in for Tesla’s “We, Robot” event. Elon’s about to unveil his plan for a robotaxi revolution and it could put companies like Uber and Lyft permanently out of business. If you’re looking for your next big investment, this is an event you can’t afford to miss.
Stay tuned.
