I'm guessing many of you are still excited about the AI craze... I am, too. I can't help it. I've spent decades in finance, specifically focused on using computers to generate the highest returns possible.
I'm guessing many of you are still excited about the AI craze... I am, too.
I can't help it. I've spent decades in finance, specifically focused on using computers to generate the highest returns possible.
So, when a new computer tool promises to revolutionize the way we work... I take it seriously. And I'm having fun with it, too.
Many of my colleagues have received an e-mail from me that included some content written with artificial intelligence ("AI"). I just love how incredibly natural AI writing sounds these days.
It's truly an incredible leap. But that doesn't mean everything AI-related is golden.
Today, we're going to explore a dark spot in AI. And we'll use the Power Gauge to help us with it.
You see, the Power Gauge has identified a way not to invest with AI. And I think you should hear about what it has uncovered. After all, the fund literally has "AI" in its name.
On Wednesday, July 19, two Wall Street legends are joining forces for the first time ever... to reveal how AI has just shattered one of the most important barriers in technological history. Together, they'll show you all the details behind this momentous breakthrough... and exactly why the opportunity to use AI in 2023 could transform your wealth – or leave you behind forever. This critical update is 100% free – click here for details.
Beginning this month, the U.S. government will take the first step toward creating its own cryptocurrency... a "Federal bitcoin." The U.S. Treasury and 120 banks have already signed up for it. If you get positioned before the rollout, you could make 3,050%. Click here to learn more.
Now, astute readers will have noticed... today, we're talking about investing with AI rather than in AI. That's an important distinction.
Sure, there are lots of great, and not-so-great, ways to play the AI trend. But some investment tools available to investors also claim to use AI in their processes.
The one we're looking at today is the AI Powered Equity Fund (AIEQ).
At first glance, that name looks great. Bigwigs on Wall Street put together an exchanged-traded fund that's specifically powered by AI.
But looking at the performance... we can quickly see something is wrong.
Over the past year, the S&P 500 Index has made an incredible turnaround. And so has the Nasdaq Composite Index. They're up more than 17% and 23%, respectively.
But AIEQ is struggling. It's simply not participating in the rally.
It's not just a bad year for the fund either. Zooming out even more, we find that over the past five years, the fund has barely returned 12%. The S&P 500 clobbered it over that time frame with nearly 60% returns.
The Power Gauge sees this, too. And today, the fund earns a "neutral" rating...
Looking at the upper right-hand corner of the graphic, you'll see the Power Bar for the fund. That represents the Power Gauge rating for each of the individually rated stocks that the fund holds.
Today, the majority of the stocks in the fund earn a neutral or worse rating from the Power Gauge. And I'm able to see that the fund ranks No. 129 of 166 funds in the "All Cap Blend" fund category.
Put simply, this fund may have AI in its name, but the Power Gauge and fund's performance make it clear...
This is not how you want to invest with AI.
Now, that doesn't mean I'm not excited about AI. I'm particularly bullish about how investors can leverage these new tools in their own portfolios.
In fact, I'm about to release a special presentation on the topic. In it, I'll be speaking with my friend Dr. David Eifrig, a former Goldman Sachs vice president, about AI.
We're going to delve into whether AI is just another stock market bubble – or something that will really change the world and economy for good. We're also going to discuss how you can use AI to transform your wealth.
To make sure you know when my presentation is available and ensure you hear all our thoughts on the future of AI, click here.
And to give you a clue about where this is going, just remember...
The AI craze is real. But that doesn't mean every part of it is perfect.
Good investing,
Marc Chaikin
Market View
Major Indexes and Notable Sectors
# Hld: Bullish Neutral Bearish
Dow 30
+0.36%
11
16
3
S&P 500
-0.06%
190
232
76
Nasdaq
-0.02%
64
31
4
Small Caps
-0.96%
592
905
366
Bonds
-0.59%
Health Care
+1.50%
24
34
6
— According to the Chaikin Power Bar, Large Cap stocks and Small Cap stocks are Bullish.. Major indexes are mixed.
* * * *
Sector Tracker
Sector movement over the last 5 days
Discretionary
+3.28%
Communication
+3.23%
Information Technology
+2.79%
Real Estate
+2.65%
Materials
+2.49%
Industrials
+2.27%
Utilities
+2.23%
Health Care
+2.09%
Financial
+1.96%
Staples
+1.12%
Energy
+0.79%
* * * *
Industry Focus
Software & Services
110
38
1
Over the past 6 months, the Software & Services subsector (XSW) has outperformed the S&P 500 by +6.77%. Its Power Bar ratio, which measures future potential, is Very Strong, with more Bullish than Bearish stocks. It is currently ranked #3 of 21 subsectors and has moved down 2 slots over the past week.
Top Stocks
BASE
Couchbase, Inc.
RPD
Rapid7, Inc.
ADBE
Adobe Inc.
* * * *
Top Movers
Gainers
UNH
+7.24%
ELV
+5.05%
CI
+4.70%
LLY
+3.40%
CPRT
+3.13%
Losers
STT
-12.08%
BK
-6.65%
NTRS
-6.55%
GLW
-6.31%
JNPR
-6.17%
* * * *
Earnings Report
Reporting Today
Rating
Before Open
After Close
IBKR
PLD, ELS, PNFP, WTFC
PACW
No earnings reporting today.
Earnings Surprises
JPM JPMorgan Chase & Co.
Q2
$4.75
Beat by $0.99
BLK BlackRock, Inc.
Q2
$9.28
Beat by $0.83
WFC Wells Fargo & Company
Q2
$1.25
Beat by $0.10
C Citigroup Inc.
Q2
$1.33
Missed by $-0.05
STT State Street Corporation
Q2
$2.17
Beat by $0.07
* * * *
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