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The Next Breakout Might Be in Your Pocket
Everyone’s hunting for the next Unicorn.
The type of “category disruptor” that grows fast and turns early believers into big winners.
59,000+ investors think that Mode Mobile could be one of those rare finds.
Americans spend 4 ½ hours on their phones daily, and Mode Mobile is monetizing that screentime. With $1B+ earned by over 490M customers and 32,481% revenue growth, Mode’s EarnPhone is turning smartphones into income generating assets.
Their previous raises sold out, and the company is now offering pre-IPO shares at $0.52/share with up to 20% bonus, exclusive to early investors.
Being early is everything, and this window is still open.
*Please read the offering circular and related risks at invest.modemobile.com.
Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
Good morning. Thursday's session pushed the S&P 500 to a new record, and it also nudged IBD to get more bullish.
The Market Gauge
The S&P 500 closed at a record 7,798.99, up 0.65%. The Nasdaq composite closed at 26,803.03, up 0.81%. The Dow Jones Industrial Average closed at 53,839.99, up 0.13%, snapping a three-day losing streak. The Russell 2000, which tracks smaller companies, rose 0.24%.
A cooler-than-expected wholesale inflation report did the heavy lifting. July's producer price index was unchanged for the month, versus the 0.2% economists expected, with a 4.7% annual increase. The core reading, which strips out food and energy, rose 0.2% for the month against 0.3% expected. Weekly jobless claims did tick up more than forecast, to 209,000, but the inflation news outweighed it. Oil fell 2.4% to $81.25 a barrel, its biggest one-day drop in over a week, and the 10-year Treasury yield slid to 4.64%, its third straight decline. Software led the way (Workday spiked 18% on a report that private-equity firm Silver Lake is in talks to buy it) and memory-chip stocks rallied on bullish forecasts, while Cisco fell more than 8% even after beating estimates and raising its outlook, a reminder that a good report still doesn't guarantee a good reaction.
Beginner note: IBD tracks something it calls a follow-through day, a specific kind of rally that signals a new uptrend has been confirmed after a market slide. After one hit last week, Thursday's gains were strong enough that IBD raised its recommended stock market exposure level to 80-100%, up from 60-80%. That number is IBD's own shorthand for how much of your portfolio should be working in stocks right now. Watching it rise or fall over time is one of the simpler ways to track whether conditions favor buying or playing defense.
On today's calendar
Applied Materials reacts to last night's earnings. The chip-equipment maker beat estimates and guided higher for its current quarter, but shares had already fallen in Thursday's regular session and slipped further after the report. Watch how the stock opens today, it's the same good-numbers-bad-reaction pattern Cisco just showed.
A lighter data day. No major economic releases are scheduled. The bigger question is simply whether Thursday's rally can extend into a fourth straight day of gains.
Reddit joins the S&P 500 next Tuesday. The index-inclusion news broke overnight and lifted Reddit shares. Being added to a major index often brings a wave of buying from funds built to track it.
On the radar: Astronics
$ATRO ( ▼ 0.05% ) makes the cabin electronics found on airplanes: reading lights, the motors that recline premium seats, and the outlets passengers use to charge their phones. Wednesday it reported second-quarter earnings of 70 cents a share, up from 3 cents a year ago, on sales of $260 million, up 27%, both above what Wall Street expected. The stock touched a fresh 52-week high of $94.46 on Thursday and closed at $92.61, up 5.37%, clearing the 88.72 buy point it had stalled just below one day earlier.
Why it's worth watching: this is what it looks like when a strong earnings report and a proper chart pattern show up together. The earnings gave the stock a reason to move, and the base gave it a level to move through. Both pieces matter on their own. Together, they're what growth investors are actually looking for.
ONE FOR THE ROAD: IBD just raised its recommended market exposure to 80-100%. Does that change how you'd size a new position today, or does one number not move you either way? Reply and let me know.
Educational content only. Not financial advice. Past performance does not predict future results. Read the full financial disclosure.
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