Today’ll be BUSY one for the markets

Need an Emerging Market Exposure? Don’t Sleep on This High-Flying Company ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!]( Hello investor, Today’ll be BUSY one for the markets The stock market remained unstoppable with another day in green yesterday. Wall Street, however, is feeling concerned about how tech stocks are dominating the stock market. After all, tech stocks cannot just grow forever. It’ll be critical for other sectors to rally, so the market is more balanced. That’s one question that investors are asking themselves right now. And of course, investors try to determine when the Federal Reserve will start cutting interest rates. Fed Chair Jerome Powell said yesterday that he is not ready to cut rates until there’s more data on inflation. What’s more, Wall Street analysts have high expectations for corporate earnings. It might be tough for them to beat the expectations since the economy is much cooler than it was in the past few quarters. - “Our concern is that the market is beginning to price in a growth expectation that may be difficult for companies, one by one, to meet, particularly given the ongoing strain that we’re seeing on underlying economic conditions,” said Scott Chronert, Citi Research head of U.S. equity strategy. So, Scott Chronert expects a pullback over the next few months. - “Combine that with strong flows into the mega cap growth tech and core arena and a euphoric sentiment read — all suggest to us that we do have to be prepared for a pullback at some point as the summer unfolds,” Chronert added. Today, we will get ADP’s private payrolls data, weekly jobless claims, the S&P Global U.S. Services Purchasing Managers Index and the ISM Non-Manufacturing PMI data. As a bonus, the Federal Reserve will release its June meeting’s minutes in the afternoon. So, today is poised to be busy for the markets. Need an Emerging Market Exposure? Don’t Sleep on This High-Flying Company Today’s Stock Pick: [Kaspi.kz]( (KSPI) If you hold a long-term portfolio, it might be good idea to hold some exposure to emerging markets. [Kaspi.kz]( is a stock that you absolutely need to be aware of. It was originally a retail bank that transformed itself into a digital banking powerhouse. Namely, it holds one of the most-used super apps in the world. It serves Kazakhstan, and it isn’t a country to sneeze at. Its population is fast-growing of 20 million people with nearly half under the age of 30. Believe it or not, nearly 70% of the population uses Kaspi’s app. The company is positioned for major growth because it can create plenty of services to keep growing its app. The app has the 2nd best ratio of average Daily Active Users to Monthly Active Users. In other words, people use Kaspi often in their daily activities. Moreover, the country is poised to cut interest rates that could accelerate economic growth, supporting consumer spending in Kaspi’s app. - "We posit that Kazakhstan's macro backdrop presents a favorable setup for the company and for shares over the medium term as inflation further decelerates and interest rates fall," Wolfe Research analyst Darrin Peller said in a recent note to clients. "These factors, in our view, point to a more encouraging consumer backdrop as discretionary spending power expands.” Kaspi is virtually the heart of the commerce in the country. In fact, out of 2 million businesses, 580,000 of them accept [Kaspi.kz]( payments. Now, the super app offers similar features like Venmo. Consumers can transfer money to each other. But it’s only one of many [features.]( It also offers “buy now, pay later”, loans to small businesses and consumer financing for auto purchases. It even offers grocery deliveries and travel/vacation packages. An online car marketplace is coming soon. The grocery business is growing rapidly. Active consumers exploded by 3.5 times in just one year! Consumers are also spending 3.3 times more on its grocery service year over year. This demonstrates the power of super apps — once it has consumers’ trust, it can expand other services rapidly. Kaspi doesn't hire drivers and couriers but its platform handles the entire delivery value chain to build its competitive moat. As you may guess, the company’s revenue and net income grew at a phenomenal rate. Revenue grew 51% year over year for 2023 while its net income jumped 44%. What’s more, the company expects its net income growth to be around 25% this year. It is a slight slowdown but still a good growth story for a company with a huge future. The future is extremely bright for this company. There are virtually unlimited number of products that Kaspi can release in the future. So, go and claim shares in this stock while it’s early. [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!](       © All Rights Reserved, Trade Alliance [Unsubscribe]( | [Manage Preferences](