Senior Strategist Roger Scott just went live to reveal his No. 1 Frontrunner Stock for the rest of 2022…
Not only that, but he also discussed the core factors behind what he calls “Frontrunner Stocks,” how to build your own custom ETF, portfolio management and more.
He even went into great detail on the formula used to backtest the Frontrunner Portfolio, and shared the results!
Did you miss this week’s special Blitz vs. Burn trader’s edition of the WealthPress Live Roundtable?
In this week’s roundtable, we covered:
Wednesday morning’s CPI inflation number came in below expectations, setting off a buying frenzy on Wall Street — see how we’re trading it.
Meme stocks are BACK, but will it continue — and are they worth trading?
The most important things you need to trade this market — and the biggest mistake people make.
Details about our upcoming Blitz vs. Burn Trade-a-Thon!
And more!
And be sure to join Senior Strategist Roger Scott, Joy of the Trade’s Jeff Zananiri and New Money Crew’s Lance Ippolito each Wednesday at 11:30 a.m. EDT for the WealthPress Live Roundtable, where they’ll discuss the biggest topics on Wall Street.
The broader indexes are on the move up following lighter-than-expected inflation data.
The Consumer Price Index rose 8.5% year over year versus 8.7% expected. July’s number was also much lower than June’s 9.1% figure, indicating that inflation is easing a bit.
The markets ripped higher, with Nasdaq futures rising more than 2% in premarket trading while S&P 500 and Dow futures both rose more than 1%.
Tesla CEO Elon Musk sold nearly $6.9 billion in Tesla stock between Aug. 5-9, according to regulatory disclosures. This news comes as his upcoming trial with Twitter resumes following his decision to back out of his $44 billion deal to buy the social network.
Volume is the number of shares bought and sold each day in any given financial instrument. High volume suggests there’s heightened interest in a financial instrument. And when combined with a move higher in share price, that’s often a signal of strong upward momentum. Keeping an eye on volume will ensure that you’re on the right side of the trade.
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