 | | How Much Longer Will It Be Under $1? | | | | | | BIG plans are being hatched behind closed doors both in Washington and on Wall Street. Over the past year, the SEC and a group of high-powered lawyers have been hashing out the finer points of a federally-regulated cryptocurrency. Inside sources have leaked that their talks are now wrapping up.
Once they're done, this crypto will become the first endorsed for use in the United States. Already, 400 of the largest banks and financial institutions have signed on to use it including Bank of America, Citigroup, Goldman Sachs, American Express, VISA, MasterCard, and many others. All they're waiting for is the government's go-ahead.
I expect once the regulations are in place, this crypto's value will skyrocket. But right now, you can still get into this crypto for under a dollar! NOW is the time to stake your claim…Just how much is on the line (and how much do you stand to make)? Click here to see it with your own eyes. | |
| | |  | DOW 33,761.11 | +1.27% | | | | | S&P 4,279.96 | +1.73% | | | | | NASDAQ 13,047.19 | +2.09% | | | | | *As of market close | | | • | Stocks rallied into the weekend, capping a 4th weekly close higher. | | | • | Oil dropped 2.6 percent, closing at $91.91 per barrel. | | | • | Gold rose 0.6 percent, last going for $1,818 per ounce. | | | • | Cryptocurrencies traded mixed, with Bitcoin at $24,175 at the stock market close. | | | | | | | |
| | | Buy Industry Leaders in a Bear Market, Unless the Second-Best Company Is Cheaper | | | | A bear market is a great time to build a position in industry-leading companies. A market selloff that sends great companies down can lead to improved returns in the future.
Those returns could be even better buying companies that aren't the top name in the industry. The second-best company in the space will likely get hit a little bit harder in a market downtrend. But it may see higher returns when the market turns around.
» FULL STORY | | | | |
| | Insider Trading Report: Harley-Davidson (HOG) | | | | Rafeh Masood, a director at Harley-Davidson (HOG), recently added 1,335 shares. The buy represented an initial stake for the director, and came to a total purchase price of just over $50,000.
This is the first insider activity at the company in over a year. Insiders were last buyers in early 2021. Over the past three years, insider buying has exceeded a modest amount of selling at the company.
» FULL STORY | | | | |
| | Unusual Options Activity: Apple (AAPL) | | | | Shares of consumer tech giant Apple (AAPL) have rebounded strongly in the past few weeks along with the overall market. One trader is betting on a move lower in the coming months.
That's based on the December $170 put. With 123 days until expiration, 35,402 contracts traded compared to a prior open position of 890, for a 40-fold surge in volume on the trade. The buyer of the puts paid $11.33 to make the trade.
» FULL STORY | | | | |
| | • | Consumer Sentiment Improves in August
Consumer sentiment rose to 55.1 in August, a 7.1 percent increase from the prior month's 51.5 percent level. It was also well over estimates for 52.3. That's still down over 20 percent from a year ago, when the index was at 70.3. The index uses 50 as a baseline, with any number over 50 showing a bullish sentiment, and any number under 50 showing a bearish one. | | | | • | Home Prices Hit Record High Last Quarter
Median single-family homes hit a price of $413,500 in the second quarter of 2022. That's the first time the median price has topped $400,000, according to the National Association of Realtors. On a year-over-year basis, prices rose 14.2 percent, a slight drop from the 15.4 percent year-over-year increase in the first quarter of 2022. | | | | • | Barkin Warns on Interest Rates Remaining High Until Inflation Drops
Thomas Barkin, President of the Richmond branch of the Federal Reserve, stated that interest rates need to continue to rise, and to stay high until inflation holds at around 2 percent. That's in-line with other comments made by Fed officials. Rates are still on track for another increase in September. | | | | • | Disney Raises Streaming Prices
The Walt Disney Company (DIS) is raising prices for its streaming service. That's in line with other streaming companies, a number of which have also announced a price increase in recent months. The move is occurring as subscriber growth has slowed, bringing in less revenue from newer users. | | | | • | Google Faces Fine for Location-Tracking Settings on Android
Google (GOOG) has been fined just over $40 million in Australia. The fine stems from misleading information presented to customers about location data collection on Android settings. The fine was issued by Australia's Competition & Consumer Commission (ACCC), and proceedings for the fine began back in 2019. | | |
| | | | TOP | | | BR | 7.863% | | | | ON | 6.939% | | | | WDAY | 6.093% | | | | PENN | 5.815% | | | | ALB | 5.472% | | | | BOTTOM | | | ILMN | 8.846% | | | | PKI | 2.131% | | | | OGN | 1.576% | | | | OKE | 1.039% | | | | JNJ | 0.978% | | | | |
| | |  | | We didn't really have a pullback or didn't erase any of the gains off of CPI [Wednesday], but we just kind of had a bit of a volume discovery and a price discovery after this surprising one-two punch. | | - Jeff Kilburg, Chief Investment Officer at Sanctuary Wealth, on last week's better-than-expected CPI and PPI data, and why it may lead to continued market volatility. | |
| | How Much Longer Will It Be Under $1? | | | | | | BIG plans are being hatched behind closed doors both in Washington and on Wall Street. Over the past year, the SEC and a group of high-powered lawyers have been hashing out the finer points of a federally-regulated cryptocurrency. Inside sources have leaked that their talks are now wrapping up.
Once they're done, this crypto will become the first endorsed for use in the United States. Already, 400 of the largest banks and financial institutions have signed on to use it including Bank of America, Citigroup, Goldman Sachs, American Express, VISA, MasterCard, and many others. All they're waiting for is the government's go-ahead.
I expect once the regulations are in place, this crypto's value will skyrocket. But right now, you can still get into this crypto for under a dollar! NOW is the time to stake your claim…Just how much is on the line (and how much do you stand to make)? Click here to see it with your own eyes. | |
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