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- 📈 Gold Hits RECORD
📈 Gold Hits RECORD
Good Morning!
Gold just hit a record $2,630, and if you’re wondering why, look no further than the Fed’s super-sized rate cut. Tesla’s back on the rise too, and it’s not just Elon’s charm—rate cuts are making financing easier for consumers. And don’t miss the crypto surge: Bitcoin's climbing again. Ready to explore how these moves could shape your portfolio? Read on for the plays you can't afford to miss.
Grab your coffee and let's get into it! ☕️👇️
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Markets
📈 Gold Soars to Record $2,630 on Bright Outlook After Super-Sized Rate Cut
Gold prices have surged to a record high of $2,630 per ounce as the Federal Reserve's 50-basis-point rate cut boosted demand for the precious metal. Lower interest rates reduce the opportunity cost of holding gold, making it more attractive compared to lower-yielding fixed-income assets like bonds.
⚡ Tesla Stock Almost Out of Year-to-Date Slump. How Do Rate Cuts Affect the EV Maker?
Tesla shares have gained 10% over the past week, buoyed by the Federal Reserve's 50-basis-point rate cut, which makes car financing more affordable. Analysts expect increased sales for the automaker as lower interest rates ease borrowing costs for consumers.
🏅 Bitcoin price hits 1-mth high near $64k on rate cut cheer
Bitcoin surged 1.3% to a one-month high of $63,932, buoyed by the Federal Reserve's interest rate cut. However, trading volumes remained subdued due to a market holiday in Japan and anticipation of further rate cues this week.
👀 1 Simple Vanguard ETF Can Turn $500 Per Month Into $50,000 in Annual Dividend Income
Building a dividend portfolio for retirement can be simplified with the Vanguard High Dividend Yield ETF, which tracks high-yield stocks for long-term returns. By investing $500 monthly in this ETF, investors can potentially generate $50,000 in annual dividend income over time. The ETF is diversified with 551 stocks and a 2.8% yield, offering downside protection and low costs with a 0.06% expense ratio.
Top Stories
INVESTING
Supermicro's First Stock Split: Is it the Perfect Time to Buy?
Super Micro Computer is gearing up for a 10-for-1 stock split on October 1st. This AI-centric server specialist has gained an impressive 433% since last year, turning heads in the investment world. But with the stock currently down 63% from its peak, is it the perfect time to jump in?
Why Stock Splits Matter (or Don’t)
Stock splits alone don’t boost a company’s value, but research shows post-split stocks often outperform the market. Bank of America studies reveal that companies splitting their stock see 25% returns over the next year, double the S&P 500’s average.
Stock splits lower the share price, making it more accessible to retail investors.
Momentum matters: Companies that split their stock are often high-growth businesses like Supermicro.
Fundamentals Still Look Strong
Despite margin concerns and a pullback in AI stocks, Supermicro’s fundamentals remain solid. It reported a staggering 143% revenue growth in its fiscal Q4, and management is projecting further growth for FY2025. Moreover, AI's booming market—expected to hit $30.1 trillion by 2032—means Supermicro could be well-positioned to ride the wave.
Revenue guidance: Expected between $6-$7 billion next quarter.
EPS growth: Forecasted at 118% year-over-year.
In short, Supermicro might be undervalued—this could be a great time to buy before its AI-driven growth really takes off.
Most career advice is 💩
If you want to be great, this is the only advice you need
— Anand Sanwal (@asanwal)
2:20 AM • Sep 23, 2024
Our Recommendations:
💻️ MEXC - Where we find and trade Crypto with low fees.
📈 TradingView - Software we use to chart stocks.
🔐 Trezor - Our favorite hardware wallet to keep our Crypto secure.
🦑 Kraken - Where we buy crypto with cash / withdraw profit to our bank.
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