Futures Market Trading in 2023

Today is Monday, July 31, 2023.

The Early Bird Index today is 58.88.

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Futures Market Trading in 2023

New investors may want to take a look at the futures market, says Norman Hallett, CEO of The Disciplined Trader in a new episode of the Early Bird podcast.

Details: Hallett says futures trading of commodities is a great way to diversify a portfolio by hedging into investments outside of traditional stocks.

But: The futures market carries a lot of risks. Most speculators lose money in the futures market, according to Hallett.

Powering the Story: With higher inflation in 2023, Hallett says that certain commodities in the futures market, namely gold and silver, perform well.

Final Thoughts: What advice does Hallett have for new investors wanting to get involved in the futures market? Find out by listening to a new episode of the Early Bird podcast.

Notables

Notable Earnings Today: SoFi Technologies (Nasdaq: SOFI), Arista Networks (NYSE: ANET), ON Semiconductor (Nasdaq: ON), Transocean (NYSE: RIG), Symbotic (Nasdaq: SYM), Avis Budget (Nasdaq: CAR), ImmunoGen (Nasdaq: IMGN), ZoomInfo Technologies (Nasdaq: ZI), Alliance Resource Parnters (Nasdaq: ARLP), Diamondback Energy (Nasdaq: FANG), AerCap (NYSE: AER), Rambus (Nasdaq: RMBS), CNA Financial (NYSE: CNA), Lattice (Nasdaq: LSCC), Community Bank (NYSE: CBU), Republic Services (NYSE: RSG), Apellis Pharmaceuticals (Nasdaq: APLS), Yum China (NYSE: YUMC), Alexander’s (NYSE: ALX), CVR Energy (NYSE: CVI), AvalonBay Communities (NYSE: AVB), Comstock Resources (NYSE: CRK), Huntsman (NYSE: HUN), J&J Snack Foods(Nasdaq: JJSF), Leggett & Platt (NYSE: LEG), Monolithic Power (Nasdaq: MPWR), PotlatchDeltic (Nasdaq: PCH), SBA Communications (Nasdaq: SBAC), Tenet Healthcare (NYSE: THC), Vornado Realty Trust (NYE: VNO), Western Digital (Nasdaq: WDC).

Notable IPOs Today: SharkNinja, Inc. (NYSE: SN), Cheetah Net Supply Chain Service Inc. Class A Common Stock (Nasdaq: CTNT), JPMorgan Equity Focus ETF (Nasdaq: JPEF).

Notable Equity Crowdfunding Campaigns Ending Today: The Cereal Lab (Honeycomb), Nomad Donuts (Honeycomb), 3DOS (StartEngine), Curtiss Motorcycle (Wefunder), TransSiP (StartEngine), Uncle Waithley’s Beverage Company (StartEngine).

Notable Economic Events Today: Chicago PMI (9:45 a.m. ET).

Will There Be Healthcare Stock Comeback in 2023?

After a terrible start to the year, there is growing optimism that stocks in the healthcare sector could come roaring back later in 2023.

Details: In a post-pandemic world, parts of the healthcare sector are struggling. Higher medical costs are impacting industry demand in 2023.

Powering the Story: A recent report from Goldman Sachs (NYSE: GS) suggests that healthcare could outperform expectations later this year. Some areas to look at in 2023 include biotech, MedTech, and life science tools.

Final Thoughts: Eventually, demand will catch up with the healthcare industry. The only question is if that will be in 2023 or not.

Top Altcoin Plays in 2023

Looking beyond Bitcoin in the cryptocurrency market, what altcoins are poised to keep growing in the second half of the year?

Details: Some people can’t help but make fun of Dogecoin because it is viewed as a meme coin. Well, Dogecoin is up about 10% this year, so there’s nothing to laugh at here. Also, predictions are strong for Solana. Despite some challenges, Solana’s price has more than doubled in 2023.

Final Thoughts: Despite the bullish feeling surrounding these altcoins, there’s also a lot of volatility. In fact, all of these altcoins could drop in price by the end of the year.

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Trends to Watch

Some Surge: DOGE, MKR, OP and XDC gather strength as Bitcoin price remains range-bound (Cointelegraph)

Electrifying: A key test for EV sales and the adoption curve is coming (CNBC)

No Fear: Stocks Are Doing So Well That It May Be Time to Start Worrying (Bloomberg)

Economic State of Things: Customers want instant gratification. Workers say it’s pushing them to the brink (Associated Press)

Truck Stop: Trucking Giant Yellow Shuts Down Operations (The Wall Street Journal)

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