Trump Trades, 2024 Predictions, Nike’s Struggles, and $CHWY Insider Trades
Welcome back to the BBAE Blog, your trusted source for the latest investment insights and analyses from the BBAE team. Our featured articles for this week are:
- These Stocks Set for Gains if Trump Wins
- Nike’s 2024 Stumble: Missed Targets and Strategic Shifts Amid Market Headwinds
- Argos Holdings Offloads $700 Million in Chewy Stock, While ‘Roaring Kitty’ Invests
- Weekly News Roundup: 2024 Market Outlook, 24-Hour Trading, EV Stock Performance
Need a reminder of why BBAE? We have one goal: to provide you with exclusive content and data to help you make informed investing decisions. Explore a wealth of market insights and potential investing opportunities that you can’t find anywhere else. Make sure you catch our Weekly Roundup, where this week we explore 2024 stock market predictions, the rise of 24-hour trading, and the performance of EV stocks since 2021.
These Stocks Set for Gains if Trump Wins
BBAE CIO James Early examines the potential market impacts of a Trump victory in the 2024 U.S. presidential election. He explores various ‘Trump trades’ being discussed in investment circles, including effects on the U.S. dollar, small-cap stocks, bonds, private prisons, healthcare, energy sectors, and financial companies. Click here for the full article.
Nike’s 2024 Stumble: Missed Targets and Strategic Shifts Amid Market Headwinds
Brad Freeman examines Nike’s June 2024 earnings, highlighting revenue misses and downgraded FY2025 guidance. Nike faces challenges in most markets, especially in lifestyle segments, while seeing some growth in performance categories. The company is restructuring, cutting costs, and focusing on innovation to combat macro pressures and intense competition. Despite these struggles, Nike maintains long-term confidence, particularly in the Chinese market. Read the full article here.
Argos Holdings Offloads $700 Million in Chewy Stock, While ‘Roaring Kitty’ Invests
InsiderEdge reports that Argos Holdings and its affiliated entities have divested a substantial stake in Chewy Inc. ($CHWY), an e-commerce platform for pet supplies. The transactions, occurring between June 26 and July 1, resulted in the sale of Chewy shares valued at over $700 million, as tracked by InsiderEdge’s monitoring system.
In a notable contrast, Keith Gill, popularly known as “Roaring Kitty” in online investment communities, has disclosed a significant position in the company. This development adds an intriguing dynamic to Chewy’s stock, as a major institutional shareholder reduces its stake while a high-profile retail investor increases theirs. Click here for the full InsiderEdge post, available daily in BBAE Discover.
Weekly News Roundup: 2024 Market Outlook, 24-Hour Trading, EV Stock Performance
This week’s news roundup covers several key topics:
- 2024 Stock Market Predictions: Historical data suggests a potentially strong 2024 for stocks, though opinions vary on market valuation and future performance.
- 24-Hour Stock Trading: The rise of round-the-clock trading offers benefits but raises questions about its impact on investing strategies and market dynamics.
- EV Stock Performance: Most electric vehicle stocks have significantly declined since 2021 peaks, with Tesla and BYD as notable exceptions, highlighting the challenges of growth investing.
Click here for the full weekly roundup post.
Happy Investing,
Barry Freeman
CEO @ BBAE
This article is for informational purposes only and is neither investment advice nor a solicitation to buy or sell securities. All investment involves inherent risks, including the total loss of principal, and past performance is not a guarantee of future results. Always conduct thorough research or consult with a financial expert before making any investment decisions. Neither the author nor BBAE has a position in any investment mentioned.
