Last week’s broad rally showed signs of slipping today as all three indexes started drifting lower. The market is fixating on the prospect of talks between President Biden and Fed Chair Jerome Powell this week. Yesterday, the President published an op-ed in the Wall Street Journal in which he pledged to tackle the high prices throwing cold water on Americans’ lives while giving the Central Bank a wide enough berth to execute policy. Time will tell.
Earnings to Watch
Despite the softening rally, we do have the potential to see some positive news – and moves – in the top stocks reporting earnings this week. Salesforce Inc. (CRM) reports today, May 31. Then you’ll see several updates from Broadcom Ltd. (AVGO), CrowdStrike Holdings Inc. (CRWD), and Okta Inc. (OKTA) reporting on June 2.
Strategic Tech Updates
Money in the Air
You don’t think of HVAC as a hot new frontier in tech, but it is. The rise of COVID-19 has made air-conditioning and -cleaning technology a big business – more than $70 billion, in fact. This tech niche has an incredibly lucrative future ahead of it, and this is the best way for you to get in position to cash in.
Stick it to the Scammers
Non-fungible tokens (NFTs) are a $10 billion business… which means millions of nefarious rip-off artists are lurking in the wings, waiting to separate people from their money. One startup company is taking steps to stop counterfeiters cold in their tracks, and if this tech catches on, the months and years ahead will be very profitable indeed.
Cheers and good investing,
The Strategic Technology Investor Team