Are we in a bear market now?

Join TradeAlgo's Free Live Trading Session ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!]( Hello investor, Are we in a bear market now? Things are becoming dire on Wall Strreet. Consumer confidence fell in April to the lowest level since mid-2022. A gauge of labor costs jumped the most in a year, implying that inflation in wages is still sticky. In the past, experts would point to certain segments in inflation data and say that it would be an “one-off” thing. But inflation keeps rising in different segments over the time. - “With inflation data continuing to be surprisingly hot for the past quarter, the narrative that these surprises are all attributable to ‘one offs’ in individual components is becoming harder to sustain,” said Joe Davis at Vanguard. - “Time will tell, but the data suggest that what we call a ‘deferred landing’ is more likely than the long anticipated ‘soft landing’.” Joe Davis at Vanguard (Photo: CNBC) Two-year Treasury yields jumped to hit 5% — the highest level since November. This suggested that Wall Street believes that Fed Chair Jerome Powell will sound hawkish during his press conference today. - “Stocks, bonds, and the dollar are all frontrunning the possibility of a frowning Powell at tomorrow’s interest rate decision,” said Jose Torres at Interactive Brokers. “This morning’s data justifies an increasingly hawkish committee.” As for earnings, Amazon reported results that beat top and bottom lines. However, guidance came in just below the expectations. Amazon expects revenue to grow between 7% to 11% while Wall Street expected 12%. Starbucks did worse. It missed top and bottom lines due to a sharp fall in same-store sales. In the US, same-store sales declined by 3% while traffic fell 7%. The stock plummeted by about 10% in extended trading. The results came after McDonald’s and PepsiCo said low-income consumers have pulled back their spending, indicating that inflation may have reached the breaking point for this segment. Bill Gates Loves This AI-Themed Stock (You Probably Never Heard of This Company) Today’s Stock Pick: Ecolab, Inc. (ECL) You will never think that Ecolab is an AI play. But it is truly a sneaky way to play the AI boom. This company holds a massive moat in its industry. It generates more than twice the revenue of its closest peer in the cleaning/sanitation peer. Namely, it offers equipment to customers such as hospitals, hotel chains or restaurants. For example, hospitals use its equipment to disinfect for complete surface decontamination. The bulk of its revenue comes from consumables where customers must order repeatedly to replenish supplies. What’s more, Ecolab helped customers to produce enough clean drinking for 700 million people. Here’s the AI play: The company is starting to see a surge in demand for its data center and semiconductor fabrication clients — such as Microsoft, Samsung and Intel. Why? ECL also offers cooling solutions for data centers. The explosion of AI leads to the insane computing power. All of this requires even more cooling needs to keep chips from overheating. Water is heavily involved in the cooling process, and Ecolab has become the leader in this technology. (Source: Ecolab) Bill Gates’s holding: He loves Ecolab for his portfolio. His stake is currently worth $1.16 billion — or 2.55% of his equity portfolio. That is his 7th largest holding! Gates picked up shares in this company for 12 years through 2022 and never sold any shares. Good future earnings: The company expects the 2nd quarter adjusted diluted EPS to grow by 31% to 39%. For the full year, the EPS growth is expected at between 23% to 29%. The company expects the long-term EPS growth to be between 12% to 15%. (Source: Ecolab) Bottom line: Ecolab could be considered as an AI play that investors would never think of. Naturally, Bill Gates jumped into this company because of his insider knowledge of the computing industry. So, this stock looks like a solid buy for the next few years. [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!](       © All Rights Reserved, Trade Alliance [Unsubscribe]( | [Manage Preferences](