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Market Movers: July Jackpot Picks · The SPY Trader

• 0:00
  Hey there,
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  market movers and shakeruppers!
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  Welcome to Spy Trader,
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  the podcast where we sift through the market chaos to bring you the gems you'll need to trade like a pro,
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  I'm your host,
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  Chuck "Money Mirth" Johnson,
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  and today is July 18th,
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  2024,
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  It’s 6 AM,
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  so let’s dive right into some market insights!
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  First headline—American Express (AXP) releases Q2 earnings on July 19,
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  with expectations of $3,
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  25 per share and $16,
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  59 billion in revenue,
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  Compass Point analysts rate AXP neutral with a $260 price target,
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  AXP offers an annual dividend yield of 1,
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  12%,
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  or 70 cents per share quarterly,
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  making it a solid pick for growth and income,
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  Next,
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  Taiwan Semiconductor (TSM) posted strong Q2 earnings with a 40% revenue bump driven by AI demand,
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  This is good news but comes amid concerns over potential US restrictions on chip exports to China,
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  United Airlines (UAL) reported a 23% increase in Q2 profits,
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  thanks to booming international travel but provided a modest Q3 forecast,
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  Nokia (NOK) reported a quarterly loss due to delayed sales recovery,
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  while Novartis (NVS) lifted its fullyear guidance on robust drug sales,
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  Here are the insights:
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  American Express (AXP): Consider buying AXP shares for their stability and dividend yield,
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  Remember,
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  stock prices and dividends can fluctuate,
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  2,
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  TSMC (TSM): Strong Q2 earnings indicate AI demand,
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  but be cautious of geopolitical risks,
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  3,
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  United Airlines (UAL): Encouraging Q2 but approach with caution due to conservative Q3 guidance,
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  4,
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  Novartis (NVS): A solid buy for stabilityoriented investors,
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  boosted by robust drug sales,
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  5,
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  Regional Banks (KRE,
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  PNC,
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  US Bancorp): Fed rate cut signals offer upside potential,
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  but be aware of volatility tied to rate decisions,
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  Investing is a marathon,
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  not a sprint,
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  Stay diversified,
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  monitor indicators,
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  and adjust strategies as needed,
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  Thanks for tuning in to Spy Trader,
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  Until next time,
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  trade smart and keep that portfolio shining!