We hope you are finding value in our newsletters, offering you free market insights and actionable ideas. If at any time you want to stop reading these free goodies, simply unsubscribe.😃 💰

New daily targets announced

Join Tom Busby as he unveils his groundbreaking Everyday Income project, offering you a fresh opportunity to target extra cash each market day.   Don’t miss out on real-time trades with a 72.5% success rate!

Tap here to access the strategy that’s transforming daily trading.

Disclosure: The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 1/1/23 through 8/14/23 the win rate is 72.5%, based on a $2,500 starting stake the average return is $258 and the average winner is $735.   By clicking the link above you agree to periodic updates from Diversified Trading Institute and its partners (privacy policy)

Hey Traders!

We’re on an exciting one today because we’re about to take a deep dive into the scorching-hot world of Copart, a company that’s gone from humble salvage yard beginnings to a global auction powerhouse. Get ready for a story of resilience, innovation, and, of course, some seriously impressive numbers.

Imagine this: you invest in Copart in March 2003. Fast forward to the end of 2023, and boom – your nest egg has ballooned by a mind-boggling 11,036%. It’s enough to make even Scrooge McDuck blush. But hold on, because 2024 promises more – Copart might just be revving up for another breakout.

Sure, there was a bumpy patch in late 2021, and Copart lost its spot on the most long-term leader lists list (Microsoft and Cadence, anyone?). But Copart still boasts a rock-solid Earnings Stability Rating from our research team, a key pillar of long-term success. Think of it as a whisper from the stock market gods, saying, “This company’s earnings? Stable as a rock, baby.“

But Copart’s not just about numbers – it’s about reinvention. Founded in 1982 with a single California yard, it’s morphed into a global leader, the go-to guy for online vehicle auctions. With over 200 locations in 11 countries and 175,000 daily auction vehicles, Copart’s like the world’s biggest, most organized garage sale for wrecked rides.

And it’s not just rusty clunkers – Copart deals in used, wholesale, and even salvage titles, working with insurance companies, rental giants, and even charities. Talk about giving old cars a second lease on life!

But here’s the real kicker: Copart’s embracing the AI revolution. In September, they teamed up with Hi Marley, the SMS-powered conversational platform for insurance (imagine a friendly robot taking care of your car woes!).

This partnership aims to streamline the “total loss triage” process, using AI to make faster, more accurate decisions about wrecked vehicles. It’s like having a super-smart mechanic in your back pocket.

While Microsoft reports earnings on Jan. 30th, Copart’s got its turn on Feb. 21st. Remember that stellar Q1 report from November? 31% earnings jump, $1.02 billion in sales – Copart’s engine was definitely purring.

And though it didn’t join Microsoft on the “best mutual funds’ new buys” list this month, 55 A+-rated IBD funds are already invested, and Copart’s B- Accumulation/Distribution Rating tells us buying’s been outweighing selling for the past three months. The market whispers are good, folks.

In November, Copart zoomed past a buy point of 47.38, then dipped back to form a double bottom – like a gymnast nailing two perfect landings. The new buy point? 50.22. Keep an eye on that, and watch the relative strength line (think of it as the stock’s heartbeat) as Copart approaches its 50-day moving average. A little perk-up there could be a sign of things to come.

So, as Microsoft inches closer to another record high, let’s see if Copart can add another chapter to its 11-year saga of success. Buckle up, metaphorically speaking, and keep your eyes peeled on this phoenix rising from the scrap yard. This rocket might just have another launch in store.

– James

I’m A Stock Trader

In the next article: While tech stocks soar to record highs, investors weigh the sustainability of the climb against the echoes of a dot-com era crash.

Large-cap tech stocks have been on a tear, scaling record highs for five straight days and widening their lead over the broader market like a sprinter leaving the pack in the dust. While some investors cheer this ascent, others raise skeptical eyebrows, fearing a dot-com era echo.

Indeed, the concentration of gains in a handful of tech giants is undeniable. The chart paints a clear picture: the ratio between these tech titans and the S&P 500 has never been higher. Yet, before we dust off our dial-up modems and brace for a crash landing, let’s take a critical look at this climb.

True, past performance doesn’t guarantee future results, but understanding the path to the peak can shed light on its sustainability. Seasoned analysts might point to a long-term “cup-and-handle” pattern culminating in a recent breakout. Imagine a U-shaped rise followed by a dip and then a sharp surge – that’s the handle. Traditionally, the bigger the base, the more impactful the breakout, and this one certainly ticks that box.

But for those of us not fluent in the language of technical analysis, do not worry. Human behavior tends to leave its fingerprints on market movements, creating recurring patterns across stocks, bonds, and even the occasional fortune cookie.

Think of the classic Wall Street mantra: “buy low, sell high.” It’s more than just a catchy phrase; it’s a reflection of our innate investor instincts. We’re drawn to bargains in downturns (bottom fishers rejoice!) and prone to selling winners or shorting the market during euphoric climbs (permabears, unite!).

Here’s where things get tricky. The market can be a master manipulator, swaying us with seductive narratives. Fear whispers in our ears during bull runs, urging us to cash out. Greed, on the other hand, serenades us with bargains during bear markets, tempting us to buy the dip. It’s a complex dance, and recognizing its rhythm is crucial.

While the current bullish pattern might hold sway, it’s important to maintain a healthy dose of skepticism. As my colleague Julie Hyman aptly pointed out, sustained but narrow rallies are just one piece of the puzzle. For those wary of a tech-driven market, it’s another factor to consider before taking a leap of faith.

Disclaimer:

The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. 

Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. 

Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. 

Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit tradersontrend.com/terms for our full Terms and Conditions.

CLICK HERE TO UNSUBSCRIBE 

imastocktrader.com

This Publication is part of the COE MEDIA NETWORK.
Copyright © 2024 COE MEDIA All Rights Reserved.
6821 NW 46th Court Lauderhill, FI 33319.US