The “Sleeper” Stock Quietly Beating Robinhood

Friday, 1 July 2022, 20:44:55
This article is excerpted from Tom Yeung’s Moonshot Investor newsletter. To make sure you don’t miss any of Tom’s potential 100x picks, subscribe to his mailing list here . Markets Turn Tail… Again When Once Upon a Time in America was released in 1984, the late Roger Ebert called it “an absolute masterwork of cinema.” The film would go on to win multiple awards and remains a fan favorite on my family’s movie list. There’s just one little problem: The full version is almost 4 hours long. As riveting as the “epic poem of violence and greed” can be, I often sit through the movie feeling as if it’ll never end. Investors watching the markets can relate. Last week, the S&P 500 recovered 6%, just to drop again this week. Short-term traders might call it a dead cat bounce while longer-term investors would call it a gratuitously long “masterwork” by the Fed. And we aren’t even at intermission yet. With interest rates still on track to rise at least another 150 basis points, investors need to switch tactics and buy stocks that benefit from rising rates.
— InvestorPlace

Hershey Makes BofA List of Recession-Resistant Stocks

Friday, 1 July 2022, 19:40:26
The list consists of small- and mid-cap stocks. The economy shrank in the first quarter, and some see a Q2 decline too.
— The Street

Kroger is one of Bank of America”s top picks for Q3

Friday, 1 July 2022, 13:42:52
Bank of America selected Kroger (KR) as one of its top ten U.S. stock ideas for Q3. Read more.
— Seeking Alpha

Bank of America Customers’ Crypto Activity Slowed as Market Slid

Friday, 1 July 2022, 13:22:28
The number of active crypto users among Bank of America (BAC) customers slumped more than 50% to fewer than 500,000 between November and May.
— CoinDesk

Bank of America Customers’ Crypto Activity Slowed as Market Slid

Friday, 1 July 2022, 13:22:28
Almost 70% of the U.S. population has not invested in or is not interested in investing in cryptocurrencies, the bank said.
— CoinDesk