The markets returned to their winning streak yesterday after the minutes from the Fed’s July meeting revealed that several officials saw “a plausible cause” for cutting rates at that meeting, and that a majority saw a rate cut in September as likely appropriate.
The news was enough to power through the Labor Department’s bombshell downward revision to jobs numbers for the 12 months through March…
It turns out employers may have added 818,000 fewer jobs than the official numbers reported. Whoops!
That was the second-largest annual revision on record, and was in addition to the existing downward revisions to the monthly figures…
All told, jobs were overestimated by a whopping 1.2 million for those months compared to initial reports. Maybe the job market isn’t so hot after all?
This will all be further justification for the Fed’s almost guaranteed rate cut in September, and I’m sure we’ll hear about it in Chair Powell’s remarks in Jackson Hole tomorrow.
Recent news has sent tech stocks powering back up from their July/early August dips, with AI stocks such as NVIDIA creeping back up on their 52-week highs.
A newcomer in that space has caught my eye, and I think it’s one stock you should definitely keep an eye on today…
Pull up Rezolve AI Limited (RZLV) on your platform and take a look.
Just a few minutes ago, they announced some huge news that is driving the stock higher again, and you need to start watching this one immediately.
RZLV just announced a partnership to bring its AI-powered conversational commerce to more than 100,000 merchants around the world.
Like I said, this is huge news, and should add even more fuel to this fast-growing stock.
RZLV is a London-based company that was founded in 2016 but went public on the NASDAQ through a SPAC merger with Armada Acquisition Corp.
The combined company began officially trading on August 16, so that helps explain the odd chart.
It’s had some wild volatility since it started trading, including a brief 40% spike yesterday before settling up around 10% for the day.
The company clearly has big upside potential, and it’s easy to see why…
While there are a number of cottage AI companies trying to imitate OpenAI, RZLV from its beginning has focused on e-commerce.
The large language model (LLM) it began developing in 2018 — dubbed “BrainPowa” — has been trained on more than 300 billion token data sets…
Critically, those data were commerce-centric, so unlike, say, ChatGPT, RZLV’s LLM is not trying to do everything for everyone…
But it is trying to do everything for online merchants.
The company’s software as a service (SaaS) product suite covers everything from customer engagement to product search to checkout to follow-up.
Arguably their most game-changing product is “Brain Commerce,” which allows e-commerce customers to interact with web stores similarly to how they’d interact with a salesperson at a brick-and-mortar store: with conversation.
The fact is, the e-commerce experience has mostly not changed the last 15 years. Customers search for a product in a search bar, they select different filters, and then browse through sometimes tons of products until they find something they want or quit entirely.
With Brain Commerce, customers visit a website and type or say exactly what they want in a search box. (For example: “I want a black mini-fridge with a freezer compartment that has a four-star rating and is good for a garage.”)
AI then responds conversationally, relying on perfect knowledge of products, reviews, user manuals, etc. and trained in the absolute best sales techniques.
Users can even ask Brain Commerce for product comparisons and get responsive, sophisticated feedback.
Ultimately, Brain Commerce helps increase revenue by providing improved search and product discovery. It can also boost cart value by providing additional recommendations based on the user’s input.
RZLV also offers an AI-powered engine called “Brain Checkout” that allows seamless 1-click checkout to boost conversions, as well as “Brain Assistant,” which helps customers with returns, warranties, finding additional products, etc.
Source: Investor presentation.
You can check out several demo stores on Rezolve’s website here. It really is impressive, and it’s easy to see how it could be the future of e-commerce.
Another great feature is that Brain AI is conversant in 95 languages, so non-English speakers can visit an English-language website and still find what they’re looking for and check out.
RZLV’s product suite is already integrated in the major e-commerce platforms, so existing websites can implement it easily at a fixed, monthly price.
The company is also targeting large merchants directly and is reaching customers through agreements with industry giants such as Adobe, ACI Worldwide, and Handlerbund.
Right now, RZLV is engaged with more than 100 merchants, brands, and distributors, and it is targeting more than $100 million in annualized recurring revenue by the end of 2025.
It boasts an impressive board of directors, including a former Vice Chairman of Barclays Capital; a former CFO, COO, and Chief Digital Officer of Visa; and a former CEO of Barclays Wealth & Investment Management.
In March, the company entered into a memo of understanding to establish an AI Centre of Excellence in Saudi Arabia and to launch at least five AI ventures that will leverage RZLV’s BrainPowa LLM.
RZLV CEO and Chairman Dan Wagner and Saleh Al-Khabti, the Deputy Minister of Investment Transactions for the Kingdom of Saudi Arabia
Clearly, this is a dynamic company that’s on the move. By focusing on e-commerce, it stands out from other AI companies whose broad approach requires them to spend vast sums staying trained and up-to-date.
Spend time right now doing your own research on RZLV, and of course, always approach your trading in a responsible manner. Trading is very risky, and nothing is ever guaranteed, so never trade with more than you can afford to lose.
Please read the full disclaimer at the bottom of this email as well so you are aware of additional risks and considerations. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration.
If today’s price action is anything like yesterday’s, we could be in for some real fireworks! 🎇
RZLV is already on the move, so make sure it is on your radar right now!
To Your Success,
Jeff Bishop
P.S. Make sure you join me and over 1000 traders in the Market Master’s trading room today for live trading signals and education. You can access it at no cost right now.
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*Just so you know, what you’re reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let’s be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren’t what you’d call “typical.”
Just a quick heads up about this ad you’re reading—as we’ve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we received seventeen thousand five hundred dollars (cash) from Interactive Offers for advertising Rezolve AI Limited for a one day marketing program on August 22, 2024. This was paid by someone else not connected to Rezolve AI Limited. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.
Now, diving right into Rezolve AI Limited might sound exciting. But remember, it’s like venturing into the wilderness—be aware that there’s exceptional risk involved in trading. This isn’t small potatoes we’re talking about; you could lose every dime you put in, so always carefully think about what you’re doing. That’s why they call this trading, after all. We’re shining a light on the good stuff about the company here, but it’s on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.
Oh, that brings us to another crucial point—we’re not here to tell you (or even recommend) what you should do with your hard-earned money. We’re simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We’re obviously biased in our writing. We’re not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as “forward-L00king statements” under the securities acts, so take those with a grain of salt. As with all forecasts, they’re not set in stone, often wrong, and we certainly can’t know where the Company’s earnings, business, or share price will be tomorrow or a year from now.
Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can’t wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a pro—someone you trust who’s licensed to give you real advice. To be clear,
Neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1ties br0ker-dealer, br0ker, 1nvestment advis0r (IA), or IA rep’s with the SEC, any state securities regulat0ry authority, or any self-regulat0ry organization.
So, that’s the scoop! If you’re intrigued and want to learn more about the companies we talk about, hit up the SEC’s website to dig into their filings and see the full picture.