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Hundreds of investing and finance newsletters hit my (and maybe your) inbox every week. This is the best of the best.

This week, we’ve got…

📈 6 Days of Record Highs in US Equities?!
💊 Novo Nordisk Shares Just Lost Weight
Finance Quick Fix
😆 Meme of the Day
2 AltIndex Stock Picks

With how quickly the market and investment climate are changing right now, we can’t afford to not stay up to date. You can always read the latest and most relevant finance news & updates in our daily newsletter, Stocks & Income.

Former PepsiCo Exec Invented A Plastic That Dissolves in Water

If anyone knows a thing about plastic’s impact on the planet, it’s Manuel Rendon. The former PepsiCo executive and environmental engineer is using his 20 years of expertise to solve one of the world’s biggest problems with Timeplast.

Up to 450 million metric tons of plastic are wasted each year. Microplastics seep into our bodies, and mountains of bottles pile up in the ocean. But Timeplast has patented a water-soluble, time-programmable plastic that vanishes without harming the environment.

Major players are already partnering with Timeplast for its patented technology—their sales grew 6,000% in the first month.

You have just a few days left to invest as Timeplast scales in its $1.3T plastic market, from packaging to 3D printing. Become a Timeplast shareholder by midnight, 7/31.

This is a paid advertisement for Timeplast’s Regulation CF Offering. Please read the offering circular at invest.timeplast.com.

🤝 The S&P 500 Broke Records 6 Days in a Row

Market optimism has been so strong recently that we’re going to start calling it a “trader’s high.”

The S&P 500 broke records 6 days in a row, only stopping yesterday as “investors digested a wave of corporate earnings and economic data” while anticipating the FOMC meeting (later today), according to Yahoo Finance. Meanwhile I’m trying to break just a 2-day record of consecutive workouts, but we all face our own challenges. 

The market is decidedly “risk on,” and investors left gold behind, causing prices to drop from the doomsday highs of April and May.

Trade deals and diplomacy certainly helped boost the stock market’s insane run of records; Trump inked deals with Japan and the EU, and trade talks with China at least moved forward (even if they didn’t resolve).

Four of the Magnificent 7 companies are reporting on earnings this week, though, and they account for 32% of the S&P 500’s performance—so all eyes are on Meta and Microsoft today.

Are we in for a crash, correction, or boost to stocks short-term?

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💊 Novo Nordisk’s Self-Prognosis Is Bleak

Novo Nordisk’s $NVO ( ▼ 1.06% ) stock has officially crashed after the Ozempic and Wegovy creator slashed both its sales and profit predictions. Its stock price shed more than a few pounds, losing over 25% in a day.

A release from the company stated that competition is getting worse for its signature weight loss drugs, and it looks like investors aren’t convinced the company can fight them off. You don’t need a PhD to see why—the company cut its own sales growth forecast by 5-6%.

But it’s not just Novo Nordisk. Multiple weight loss drug producers and providers are suffering; Eli $LLY ( ▼ 0.17% ) and Company was down 5% and $HIMS ( ▲ 5.86% ) & Hers Health lost 2.5%.

Novo’s stock is down 55% over the year, and the prognosis is unclear on whether the trend will continue or reverse; but here’s AltIndex’s AI model rating of the stock →

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💰 Finance Quick-Fix

📈 BoA strategists warned of bubble risk against the backdrop of this month’s reinvestment, with looser regulations and more retail investors raising volatility fears.

🏡 Zillow’s hot streak continues as the platform posted its fifth straight quarter of double-digit sales growth and its first profit in years, even as home sales hit 30-year lows.

🚂 Union Pacific and Norfolk Southern announced an $85 billion merger to create the first US coast-to-coast rail network, but both stocks slid 3% after the news.

🤖 White House prepped a “hands-off” AI plan to speed up permitting for data centers and push for “politically neutral” AI, aiming to boost US dominance in the sector.

💳 JPMorgan Chase neared a deal with Apple to take over the Apple Card portfolio, as Apple looks to move on from its Goldman Sachs partnership.

🪙 Wall Street ramped up Ethereum buying after the GENIUS Act set a federal stablecoin framework, with BlackRock’s ETH ETF topping $10 billion.

✈️ US travel demand hit a wall as international tourist spending is set to drop $12.5 billion, airlines slashed fares, and hotel occupancy fell for the fourth month straight.

😆 Meme of the Day

Stock ideas

Analysis provided by altindex.com.

Remember to always DYOR.

Hertz Global Holdings, Inc. $HTZ ( ▼ 0.45% ) operates as one of the largest car rental companies globally. It provides vehicle rental solutions to individual consumers, businesses, and government agencies. The company operates globally with a wide range of vehicle rental brands including Hertz, Dollar, and Thrifty.

The highlights:

  • Job listings are up 2368%

  • Web traffic is up 38%

  • Mobile downloads are up 83%

  • RSI is at 20.6 (potentially oversold)

  • Net income is up 7.52% QoQ but down 138.17% YoY

  • Revenue is down 12.84% YoY

Current price: $6.43
Target price: $8.29

D Wave Quantum $QBTS ( ▲ 2.0% ) is at the forefront of the quantum computing revolution, providing advanced computational capabilities that are set to redefine technology landscapes. Established as a leading player in this burgeoning industry, D Wave Quantum specializes in both the hardware and software necessary to harness quantum computing power for diverse applications ranging from artificial intelligence to complex problem-solving.

The highlights:

  • Revenue is up 549.68% QoQ and 508.56% YoY

  • Net income is up 93.70% QoQ and 68.69% YoY

  • EBITDA is up 94.54% YoY

  • Stock price has grown an astounding 1,697% over the past year

  • Open job listings are up 92%

Current price: $17.97
Target price: $19.95

The information provided by Finance Wrapped is for informational and educational purposes only and should not be construed as financial advice, investment advice, or a recommendation to buy or sell any securities. Finance Wrapped is not a registered investment advisor, broker-dealer, or licensed financial planner. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We may hold positions in or receive compensation from the companies or products mentioned. Disclosures will be made where applicable.