Pre-Market Prep: AI Impact, Durable Goods and Insider Buying

Plus: An under the radar name crushing big tech [Image]( Dow Jones | 33,714 | -0.04% S&P 500 | 4,328 | -0.45% Nasdaq | 13,335 | -1.16% *prices as of 4:00 pm 6/25/22   Tuesday, June 27, 2023 WHAT YOU NEED TO KNOW BEFORE MARKETS OPEN   The Big One: We're off to a mixed start for what's typically a lazy week before the long 4th of July holiday weekend. While everyone else is focused packing for trips and warming up the grill, we know there are always opportunities to capture gains. Durable goods orders data is set to be released at 8:30am. This will give investors a guide on what businesses are ordering (i.e. tools and other manufacturing equipment) and in turn give a better picture of consumer demand. If we see a pullback here, we could end up seeing businesses prepare for a slowdown. If the numbers look good, we could see a bullish momentum shift Walgreens Boots Alliance Inc. (WBA) and Jefferies Financial Group Inc. (JEF) are also set to report earnings.   FOLLOW THE MONEY   CEOs Bidding Up Their Stock Famed investment manager Peter Lynch once said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise." Despite the current state of momentum, two CEOs stepped up and bought their stocks in the last 48 hours in large sums. - Asana (ASAN) CEO Dustin Moskowitz purchased another $3.6 million in shares on June 22, which brings his purchases over the last 10 days to $11.15 million. - MiMedx Group (MDXG) CEO Joseph Capper purchased $640,434 in company stock, the first purchase by an executive in five years.   PROFIT OPPORTUNITIES   Where will the money be made from AI? This is the $15 trillion-dollar question… And one everyone is asking as they sit down and type prompts into ChatGPT. We all know there will be winners and losers from this massive disruption. [And your portfolio needs to be prepared for the impacts of AI.]( All Eyes on New Home Sales May’s housing starts wowed investors with the largest jump in 30 years! At 10:00 AM E.T. investors will be glued to their TVs wondering if new home sales are going to be as optimistic. Expectations are for 675,000… That means keep an eye on D.R. Horton (DHI), KB Homes (KBH), Lennar (LEN), NVR (NVR), PulteGroup (PHM) and the SPDR S&P Homebuilders ETF (XBH) after the release. The Under-the-Radar Name Crushing Big Tech It’s no secret tech has driven the stock market this year. The top 5 performing stocks are all tech and they account for the majority of index gains this year. But it’s not the only pocket of the market doing well. In fact, this one stock that most people believe lives in a crumbling sector is already up 60% this year with more room to run. [See why this stock is a great buy now](. A.I. Trading Has Arrived Almost 70% of Wall Street is already using A.I. to help pick their trades. But it’s been largely off limits for regular traders… Until now. Tom Gentile has been working on a little secret, and he’s just revealed it to us. And wow… [This A.I. tool blows even the best hedge fund out of the water – check it out](   Get More Money Morning Our experts offer special actionable investing and trading research to their subscribers every week [Subscribe Now]( [Image]( You are receiving this e-mail at {EMAIL}, as part of your subscription to Money Morning. To remove your email from this list: [unsubscribe here](. To cancel, or for any other questions or requests, please contact our Customer Service team: Online: [Customer Service Form]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Money Morning | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday ­ Friday between 9:00 AM and 5:00 PM ET. © 2023 Money Morning LIVE. All Rights Reserved. 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