| | | August 17, 2020: The Week Ahead | | |  | | | | Tesla (TSLA) and Apple (APPL) Stock Splits Today | | | | Two of the most popular tech stocks in the world have split. The goal of these splits, as with any split, is to make the share "more affordable". Apple announced a 4:1 split and Tesla a 5:1 split earlier this summer. Both stocks are trading higher as markets opened. | | | | Republican National Convention Ends with Fireworks | | | | The RNC took a much different tone than it's Demorcartic counterpart did one week previous. President Trump spoke for over an hour and offered a soaring rebuke of former Vice President Biden's candidacy. President Trump continues to stress the pre-Covid economy, peace and trade deals, as well as an insistence on law & order as accomplishments that prove he is deserving of a second term. The sprint to the November election has officially begun, and in a stunning change Biden has changed course and put new, in person events on his schedule. Expect the markets to be every watchful of this unprecedented election throughout the fall. | | | | Tik Tok Sale Could Come As Early as Tuesday | | | | After President Trump issued an executive order earlier this month declaring the Chinese own tech apps Tik Tok and WeChat were to be banned in September a deal appears imminent for the sale of the apps to American firms. The details of the potential deal are beginning to materialize with Microsoft teaming up with Oracle and Walmart to buy the app. The purchase price is not yet known, however it is rumored to be in the tens of billions. Investors should keep their eyes on WMT, MCD, and ORCL for potential upward movement on the news. | | | |
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