Hi Trader! The market has been on a bit of a roller coaster lately, but there are still some great opportunities to be found. Here are your daily market updates: |
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📰 Market Summary The market is showing signs of recovery with positive returns across major indices in the past week, indicating a growing optimism among investors. Additionally, the volatility index has dropped significantly, suggesting reduced market uncertainty. Overall, the market seems to be on a positive trajectory. |
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📊Top Stocks on the Move Biggest Winners – Past Week: |
• PDD Holdings Inc. (PDD) – 25.95%
• Splunk Inc. (SPLK) – 20.36%
• XPeng Inc. (XPEV) – 17.56%
• Rivian Automotive, Inc. (RIVN) – 12.60%
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Biggest Losers – Past Week: |
• Dollar Tree, Inc. (DLTR) – -12.47%
• H World Group Limited (HTHT) – -8.79%
• Marvell Technology, Inc. (MRVL) – -6.76%
• HP Inc. (HPQ) – -5.97%
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🧠 Latest Guru Trades
Bill Ackman: (HHC) – Increased shares by 0.1%
Jeffrey Ubben: (FI) – New holding
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Analysis: US Treasury yield curve shifts could be set-up for Jackson Hole unwind Recent shifts in the U.S. Treasury yield curve may indicate that market optimism around the economy could wane, with some investors looking at Federal Reserve Chair Jerome Powell's speech at an economic symposium on Friday as a potential trigger for a correction or rapid unwind in positions. Read more ⇒ |
US economy manages to grow in Q2 despite Fed hikes The US economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses. Read more ⇒ |
"Black Gold" set to unleash $7 trillion money bonanza [AD] A $7 trillion opportunity is unfolding right under our noses. CNBC reported this "Black Gold" will spark a "transformation of the entire economy." Everyone, from the US, to China, to Apple, and even Tesla are all racing to get their hands on it. You must see this >> Read more ⇒ |
Morning Bid: Markets brace for EU, US inflation data blitz A look at the day ahead in European and global markets from Brigid Riley Read more ⇒ |
Exclusive: Deputy Treasury chief Adeyemo says US well-prepared to weather China headwinds U.S. Deputy Treasury Secretary Wally Adeyemo said on Thursday that China's economic weakness may cause difficulties for some developing economies and regions that depend on it for growth, but added the U.S. economy is well positioned to weather headwinds this will create. Read more ⇒ |
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