This Legacy-Making Trade Is Hiding in Plain Sight
By Michael Salvatore, Editor, TradeSmith Daily There’s no better word than “anomaly.” It makes no logical sense that a single sector of the market is trading…
Read nowBy Michael Salvatore, Editor, TradeSmith Daily There’s no better word than “anomaly.” It makes no logical sense that a single sector of the market is trading…
Read nowMusic streaming has come a long way since illegal file sharing applications like Napster and LimeWire. Apple introduced its iTunes store and the iPod in 2001, and streaming services like Pandora, Spotify, and YouTube all launched shortly after in the mid-to-late 2000s. Despite not being well-received by the music industry, streaming became the dominant revenue generator for music labels in the mid-2010s. And according to the Recording Industry Association of America (RIAA), music streaming now makes up an incredible 84% of the U.S. music industry revenue – a whopping $43.4 billion in 2022 alone. Global music subscribers surged 26.4% during the pandemic to 523.9 million. The leading platform with the largest number of paid subscribers is Spotify (SPOT), which just reported first-quarter earnings on Tuesday and shot higher as a result.
Read nowGovernment data breaks the “soft landing” scenario… Treasury yields soar… The yen crumbles… But there’s still plenty of money to be made… In earnings trades,…
Read now“It was the best of times, it was the worst of times…” With apologies to Charles Dickens, his classic opening line from “A Tale of Two Cities” also describes the last five years for Tesla (TSLA) shareholders. The first half was a party as the stock shot 2,500% higher, and the second half has been a long-lasting hangover. Itchy-finger short-term traders may have snagged profits on some of the quick upswings the last two-and-a-half years, but those who bought in late 2022 and have held on are licking their wounds.
Read nowBy Lucas Downey, Contributing Editor, TradeSmith Daily If your portfolio got slammed last week, you’re not alone. The S&P 500 got steamrolled, dropping 3% and easily…
Read nowIf these two lines keep breaking out, look out… A key TradeSmith gauge at its most fearful level since October… But it’s no reason to fear… Tesla…
Read nowWe’ve received an overwhelming response from you and your fellow Power Trends readers. We’ve asked which stocks you wanted us to analyze, and we got over 40 requests in just the few weeks we’ve been bringing you Power Trends+. That’s incredible! I decided to run all of your recommendations through my Quantum Edge system to see how they shaped up. Remember, the Quantum Score tells us quickly whether a stock is a good buy or not.
Read nowBy Lucas Downey, Contributing Editor, TradeSmith Daily The bears are finally coming out of hibernation… After a swift crowd-pleasing rally off the October lows, stocks are…
Read nowI don’t blame you if you’re concerned about the stock market. Today was a little better, but it’s been a painful two weeks for a lot of folks. All three major indexes were down six days in a row through Friday, with the Nasdaq losing 5.5% in that time.
Read nowThe market crumbles under the threat of a rate hike… But the TradeSmith gameplan never changes… What it takes to trade like a turtle… Build your watchlist…
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