 | | |  | DOW 32,909.59 | -0.47% | | | | | S&P 4,128.73 | -0.22% | | | | | NASDAQ 12,381.30 | -0.00% | | | | | *As of market close | | | • | Stocks moved slightly lower on Tuesday, declining for a third day. | | | • | Oil surged 3.6 percent, closing at $93.58 per barrel. | | | • | Gold rose 0.7 percent, last going for $1,760 per ounce. | | | • | Cryptocurrencies traded mixed, with Bitcoin at $21,541 at the stock market close. | | | | | | | |
| | | In Tumultuous Markets, Look for a Combination of Growth and Value | | | | Investors don't need to get caught in a trap between a growth stock or a value stock. In a bear market, many fast-growing companies can have their valuation knocked down until they're a potential bargain. That gives investors the best of both worlds – a reasonable value, with some upside when the market recovers.
Right now, a number of mid-sized companies fit the bill. The trick is to finding firms that are leading their industry while also still offering upside potential.
» FULL STORY | | | | |
| | Insider Trading Report: Ecolab Inc (ECL) | | | | Bill Gates, a major owner at Ecolab (ECL), has recently added to his holdings with three buys. The most recent was for 112,325 shares, coming to a cost of $19.6 million.
The second was for 143,879 shares, valued at $25.4 million. The last was for 185,129 shares, valued at $31.8 million. Overall, the recent buys increased his stake by just under 1.5 percent. Other company insiders have been sellers, with insiders mostly being sellers over the past three years.
» FULL STORY | | | | |
| | Unusual Options Activity: Tilray Brands (TLRY) | | | | Shares of cannabis producer Tilray Brands (TLRY) are down 72 percent in the past year as investors have lost interest in the growing cannabis market. One trader sees the potential for a strong bounce in the months ahead.
That's based on the November $7.00 calls. With 86 days until expiration, 7,536 contracts traded compared to a prior open interest of 121, for a 62-fold rise in volume on the trade. The buyer of the calls paid $0.24.
» FULL STORY | | | | |
| | • | New Home Sales Drop to 2016 Levels
New home sales dropped 12.6 percent in July relative to June, to a seasonally-adjusted annual rate of 511,000. June's revised rate came in at 585,000. That's the lowest level of new home sales since early 2016, and is a sign that the rapidly rising interest rates of the past year are leading to a significant slowdown in housing. | | | | • | Gas Prices Drop For 70 Days in a Row
Gas prices nationwide have been dropping every day since June 14th, when prices peaked at a record $5.02 per gallon, according to AAA. Prices now average $3.89 per gallon. This is a 70-day streak of falling prices, and is the second longest on record going back to 2005. | | | | • | White House Mulls Partial Student Loan Forgiveness
The White House is working on some options regarding student loan forgiveness, with a decision expected by the end of the month. One proposal floating around is to forgive $10,000 for borrowers who make under $125,000. Monthly loan payments are scheduled to resume in September, after being suspended during the pandemic. | | | | • | Twitter Accused of Cybersecurity Mismanagement
The former head of security at Twitter (TWTR) has sent out a whistleblower complaint. The complaint states that there are egregious deficiencies at the company, particularly in the area of cybersecurity, going so far as to say that the company lacks basic security controls. The complaint will add a new twist to the company, which is suing Elon Musk over the billionaire's offer to buy the company. | | | | • | Intel Signs Partnership Deal with Brookfield Asset Management
Intel (INTC) has signed a partnership deal with Brookfield Asset Management (BAM). Under the deal, Brookfield will provide nearly $30 billion in funding to finance chip-factory expansions for Intel in the US. The move comes as many chipmakers are looking to diversify manufacturing out of Taiwan and South Korea. | | |
| | | | TOP | | | HAL | 6.835% | | | | OXY | 6.722% | | | | SLB | 6.555% | | | | FCX | 6.547% | | | | APA | 5.695% | | | | BOTTOM | | | ZM | 15.497% | | | | TWTR | 6.545% | | | | POOL | 3.185% | | | | PEAK | 2.913% | | | | MDT | 2.581% | | | | |
| | |  | | When you see the market right now dropping down like this, this is the market saying the Fed has to be more aggressive to slow the economy down further. | | - Robert Cantwell, portfolio manager at Upholdings, on why the Fed will likely continue to move aggressively to combat inflation, which in turn will lead to a slowing economy and declining stock market. | |
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