Your Daily Dose Of Knowledge! November 17, 2024 - #201

Today's New Post - Real Estate - Stock Market - Start Your Business - Boost Your Knowledge - More

Welcome Back,

Hi there, and welcome back to The Wealth Wagon. I hope your weekend is going extremely well. Today we are back to discuss some changes noticed in the stock market in the past couple days as well as some expectations in the upcoming week. Enjoy!

Was this email forwarded to you? Click Here to subscribe to never miss a post. If you received this email by accident and wish to unsubscribe click here.

Survey

Thank you to all of you who have already taken our survey!

Number Of Wealth Wagon Members Who Have Completed Survey: 1,886 members

If you have not yet taken our survey please click below to complete our survey, it will only take 2 minutes and it’s only 7 questions. On the other hand it will significantly benefit you as we will alter the information we provide to you so that you only receive information relevant to topics your interested in, none of the pointless fluff.

Thank you for being a part of Wealth Wagon—we can’t wait to bring you more tailored content to fuel your financial journey! See You Tomorrow!!!!

Warm regards,
The Wealth Wagon Team

Stock Market Investing

Market Recap:

Friday, the healthcare sector tumbled, leading the market, with the NASDAQ closing down a whole 2.27%, decline as election bump excitement dwindles. Pfizer (PFE) dropped a significant 4.7% President-elect Donald Trump names RFK Jr, a widely know vaccine skeptic, to lead HHS. The S&P 500 also saw a decline, of just 1.3%, while the Dow Jones dropped only 0.7%. Energy stocks see a decline alongside healthcare and sees a drop in oil price down almost in the 60s.

S&P 500: -1.3%
NASDAQ: -2.27%
Dow Jones: -0.7%
Oil Prices: $71.45 per barrel

Stocks to Watch:

Regeneron Pharmaceuticals (REGN): down 3.28% Friday, this biotech firm seeing major drops since it’s all time high in August at $1211/share . Currently trading at $756/share, analysts project this stock to continue dropping up until the new year and begin to see a sharp incline to just over $1000/share by mid 2025.

American Airlines (AAL): Shares climbed 0.9%, closing at $14.40, as rising prices give way for higher profit margins. However, with holiday travel demand expected to increase, analysts suggest a potential price of $19/share just before the end if the quarter.

Today’s Stock Market Tip:

Future Stock Predictions:

Electric Vehicle Charging Sector to Surge
The global push toward EV adoption is driving demand for charging infrastructure. ChargePoint Holdings (CHPT), currently trading at $1.12, has seen a recent 5% dip, presenting a potential buying opportunity. Analysts predict a price target of $1.70 by Q2 2025, driven by federal subsidies and partnerships with automakers. As the EV market grows at 25% annually, this sector is set for significant expansion.

Economic Conditions

The Federal Reserve's recent decision to hold interest rates steady at 5.5% has created a mixed response in markets. While borrowing costs remain high, this move aims to curb inflation, which currently sits at 3.7% YoY, down from its peak of 9.1% in mid-2022. Job growth remains robust, with 200,000 new positions added in October 2024, signaling a resilient economy. However, wage increases are slowing, which may dampen consumer spending during the holiday season.

How to Navigate Market Uncertainty as a Beginner Investor

Investing in an unpredictable market can feel overwhelming, but there are strategies to help you stay on track. First, focus on diversification—spread your investments across different sectors and asset types to minimize risk. For example, a mix of tech, healthcare, and energy stocks ensures you’re not overly reliant on one industry’s performance.

Second, consider setting up automated investments. Tools like robo-advisors or automated brokerage platforms allow you to contribute consistently, regardless of market conditions. This strategy, known as dollar-cost averaging, reduces the impact of short-term volatility by spreading out your purchases.

Finally, keep an eye on company fundamentals. While market trends are important, long-term success often comes down to profitability, innovation, and management quality. Even in downturns, strong companies like Microsoft or Johnson & Johnson typically weather storms better than their competitors.

By sticking to these principles, you can build a portfolio that withstands fluctuations and positions you for growth.

Key Takeaways:

  • Market Recap: Biopharmaceutical stocks fall due to decline of excitement from election, with NASDAQ down 2.27%.

  • Stocks to Watch: Regeneron (REGN) falls; American Airlines (AAL) sees incline as holiday travel demand begins to increase.

  • Stock Market Tip: Reinvest dividends for compounding growth.

  • Future Predictions: EV charging infrastructure to benefit from the electric vehicle boom, with ChargePoint poised for growth.

  • Economic Snapshot: Inflation moderating at 3.7%, Fed holds rates steady.

That’s All For Today

I hope you enjoyed today’s issue. If you have any questions regarding today’s issue or future issues feel free to ask. Come back tomorrow for information on how to grow your income and wealth. I hope to see you.

Get Cheap email marketing for your business, email us at [email protected]

Join our affiliate program and make an extra $500-$1,000 per month, [email protected] 

If you are enjoying our posts feel free to follow our Instagram below it helps us out greatly!👇👇👇 Thank You

Reply

or to participate.