 | | |  Good morning. The cumulative effect of price hikes over the past few years, and a challenging economic environment have led the world's second largest brewer, Heineken, to warn about "beerflation." Amsterdam-based Heineken has seen its profits drop 22 percent, as volumes have slid 5.6 percent over the last year.
Typically, in a slowing economy, small luxuries such as a beer, or taking the kids out for ice cream stay in the family budget. It's the bigger and more expensive restaurants and vacation opportunities that get passed up. But this slowdown shows how inflation remains sticky, even as it comes down from its pandemic era peak.
Investors should still focus on great brands, and use any opportunity to get that brand at a discount. Chances are fears of "beerflation" will pass in time – and if companies are blaming inflation for poor sales now, it may be a contrarian sign that inflation has just about reached its full impact on consumers.
Now here's the rest of the news: | | | | | |
| | |  | DOW 35,559.53 | +0.28% | | | | | S&P 4,588.96 | +0.15% | | | | | NASDAQ 14,346.02 | +0.21% | | | | | *As of market close | | | • | Markets closed higher on Monday, ahead of a big week of earnings for big tech. | | | • | Oil rallied 1.6 percent, closing at $81.88 per barrel. | | | • | Gold rose 0.2 percent, last going for $2,004 per ounce. | | | • | Cryptocurrencies traded mixed, with bitcoin at $29,167 at the stock market close. | | | | | | | |
| | | Grab Big Profits In this Latest Consumer Trend | | | | The last year has seen consumers slow down in some parts of the market, but gain in others. The biggest gains have come from travel, leisure, and hospitality services, rather than the sale of goods.
For a world that was largely locked down for a considerable amount of time, that trend makes sense. It's also a trend likely to continue for some time. Investors have a number of ways to play this trend.
» FULL STORY | | | | |
| | Insider Activity Report: Tidewater (TDW) | | | | Robert Robotti, a director at Tidewater (TDW) recently added 1,135 shares. The buy increased his holdings by less than 1 percent, and came to a total price of $64,763.
The director has been the only active insider over the past year, with eight total buys and one sale. The sale totaled less than $4,500, but the total buys have added up to over $35 million.
» FULL STORY | | | | |
| | Unusual Options Activity: Alibaba Group Holding (BABA) | | | | Chinese internet retailer Alibaba Group Holding (BABA) has been in an uptrend the past few months. One trader sees further upside in the weeks ahead.
That's based on the September 1 $115 calls. With 31 days until expiration, 13,146 contracts traded compared to a prior open interest of 106, for a massive 124-fold rise in volume on the trade. The buyer of the calls paid $1.82 to make the bullish bet.
» FULL STORY | | | | |
| | • | Eurozone Economy Grows Faster than Expected
The Eurozone grew at 0.3 percent in the second quarter of 2023, just edging out estimates for a 0.2 percent gain. Inflation also hit 5.3 percent for the month ending July, just under the 5.5 percent that occurred in June. Economists still warn for the potential of a recession in the region given the low growth and current inflation. | | | | • | Deflation Fears on the Rise in China
With dropping prices for a number of key goods such as steel and cement, economists are starting to predict that inflation may soon hit China. That's in contrast to the rest of the world, which is still working to curb inflation. If China gets into a deflationary spiral, it could end up seeing decades of lost growth similar to that of Japan. | | | | • | Corporate CEOs See Higher Chance of a "Soft Landing"
A number of company executives see the U.S. having a soft landing – slowing inflation without the pain of a recession – as noted in recent earnings calls. That even includes avoiding a recession in 2024, as some economists predict. The soft landing theme has been prominent in the earnings calls of companies such as Tesla Motors (TSLA), Chipotle (CMG), and McDonald's (MCD). | | | | • | Yellow Files for Bankruptcy
Trucking company Yellow (YELL) has filed for bankruptcy. The 99-year-old company has been in a battle with the Teamsters union, which represents about 22,000 of the company's 30,000 workers. Yellow is partially owned by U.S. taxpayers, as the company received a $700 million loan from the federal government in 2020. | | | | • | Amazon Expanding Same-Day Delivery Markets
Tech giant Amazon (AMZN) reports that it has delivered 1.8 billion packages in the first seven months of 2023 to prime members, a four-fold increase from 2019. Nearly half of members received packages in the same day or the next day in the top 60 metro areas. Amazon is looking to expand that speedy service to the top 90 metro areas, and to double its delivery sites in the coming years. | | |
| | | | TOP | | | PARA | 4.566% | | | | URI | 4.172% | | | | HAS | 4.129% | | | | ADBE | 3.271% | | | | DIS | 3.205% | | | | BOTTOM | | | DXCM | 5.907% | | | | JNJ | 3.983% | | | | MTD | 3.901% | | | | BAX | 3.786% | | | | A | 3.396% | | | | |
| | |  | | In the wake of stronger than expected GDP, and a better-than-expected earnings season, this could be the catalyst to send the market to new highs. | | - Gina Bolvin, president of Bolvin Wealth Management Group, on last week's economic data showing a strong economy and continued strength in corporate earnings as a sign that the market could reach new all-time highs in the months ahead. | |
| | "Amazon Loophole" Could Hand You $28,544 in "Royalty" Payouts | | | | 
| | | Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the "Amazon secret royalty program…" And the best part is, there are: - NO age or income requirements… (It's available to anyone 18+ or older)
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