A Blockbuster Move Won’t Save FWONK Stock

Here’s what our system says… Published By Money & Markets, LLC. February 02, 2024 Published By Money & Markets, LLC. February 02, 2024 [Turn Your Images On] Editor’s Note: Adam O’Dell’s Infinite Momentum Alert model portfolio is taking off in 2024, and he’s getting ready to refresh the portfolio next Friday, February 9. Now is the perfect time to join in, get settled and follow his guidance when that new batch of trades drops. [Click here]( to see how to do just that. [Turn Your Images On] From The Desk of Chad Stone Managing Editor, [Money & Markets Daily]( [A Blockbuster Move Won’t Save FWONK Stock]( Money & Markets Daily, A wild and unexpected headline threw a wrench in my plans. I was set to walk you through the state of the economy after the Federal Reserve’s latest call to keep rates steady. But with Jerome Powell and crew holding rates steady that can wait because… Lewis Hamilton, the GOAT of Formula One, in my humble opinion, is signing with Scuderia Ferrari after 11 seasons at Mercedes-AMG. We won’t get to see Hamilton don the red jumpsuit until 2025, but I am beyond excited. An old head (and seven-time world champion) pairing up with Charles Leclerc, a young star with proven race-winning potential, is exactly what this sport thrives on. This is like Wayne Gretzky being traded to the LA Kings after years of dominance in Edmonton, or Lebron James going back to Cleveland after an epic run in Miami… I’m sure Netflix executives are popping champagne while the Toreador March plays in the background, too. Drive to Survive, or “The Real Housewives of Racing” per my wife, is going to be must-watch TV for these next couple of seasons, even if Max Verstappen runs away with the championship as everyone expects. This news led me to revisit a stock I talked about last summer, in the midst of said Verstappen dominance. Let’s see what Adam O’Dell’s Green Zone Power Ratings system says about Formula One stock now… --------------------------------------------------------------- [Turn Your Images On]( [$5 Million. 24 Years of Data. Beating the Market 300-to-1.]( Adam O’Dell has pulled out all the stops. In his most ambitious project ever, he has finally brought together the powerhouse force of AI … and fused it with his legendary ratings system. The result is a technology with the power to crush the market by 300 to 1 … turning $5,000 into $6.6 million. And Adam wants to put it in your hands. [Click here for the full details.]( --------------------------------------------------------------- FWONK Stalled Out Back in August last year, [I warned]( that while there is a ton of hype around Formula One, the stock didn’t stack up in Adam’s system. FWONK sported solid Growth ratings, and Momentum was helping it keep pace with the broader market. But its poor Value rating meant that investors had bid the stock’s price up to levels that weren’t sustainable. Here’s what I wrote six months ago: These are telltale signs of a stock that investors have bid up banking on sustained growth. But if Formula One’s popularity and profits slow down, the stock is likely to hit the brakes as well. For now, I’ll follow Green Zone Power Ratings, watch Verstappen’s dominance from the comfort of my couch and find a better place to invest my hard-earned cash. And that’s played out since then. After months of up-and-down trading, the stock is 4% lower than where it was when I featured it last August. Meanwhile, the S&P 500 is up 9%! That underperformance has dragged FWONK’s rating down as well. The stock now rates a “Bearish” 32 out of 100, which means it’s set to continue underperforming from here. [Turn Your Images On] Ratings are roughly the same across the board except for one key factor: FWONK’s Momentum has dropped from 78 to 27! Months of sideways trading while the broader market rips higher will do that… Last summer, I ran this stock through Green Zone Power Ratings because I was curious if the stock was investable. I was brought into the Formula One fold through Drive to Survive, and after months of obsessing over the sport, I wanted to know if this was a good stock to add to my own portfolio. Within seconds, our system showed this was one to hold off on. And now, months later, that thesis has played out. It looks even worse, even! A Green Zone Power Ratings Update Before we close this out, a little housekeeping. Looking up Green Zone Power Ratings on our homepage, [www.MoneyandMarkets.com]( is a little different as we continue to update the user experience on the site. You can still search for thousands of stocks. Just look for this button on the homepage, or look for the magnifying glass: [Turn Your Images On] After entering a stock name or ticker symbol, a page will show the results of your search. And from there, it’s as easy as clicking in to see how that stock rates! That’s it for this week. If you have any questions about FWONK, or how to look up stocks in Green Zone Power Ratings, reach out to Feedback@MoneyandMarkets.com. Until next time, Chad Stone Managing Editor, [Money & Markets Daily]( --------------------------------------------------------------- Check Out More From Money & Markets Daily: - [1 STRONG BULLISH STOCK TO TARGET BOOMING CLOUD BUSINESS]( - [HEDGE FUNDS WISH THEY HAD THIS EDGE]( - [GET PICKY WITH SMALL CAPS IN 2024]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. 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It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe](