AN ACHIEVEMENT Called “Success”
TAX THE BILLIONAIRES
G20 countries agree on need to tax the super-rich — but later
Brazilian Finance Minister Fernando Haddad welcomed what he called an “historic” agreement.
U.S. Treasury Secretary Janet Yellen, who in Rio said the U.S. doesn’t “see a need or really think it’s desirable to try to negotiate a global agreement on that.”
Tesla – TSLA
Tesla’s stock dropped 12.3% after second- quarter earnings missed expectations, highlighting a weak quarter for the company.
Tesla, Inc. was upgraded by President Capital to Buy, price target now $255, up from $185. Fubon Securities also increased their target to $282. Analyst targets range $85-$310, showing mixed views.
Nvidia – NVDA
Nvidia among chip stocks clawing back. What investors should watch for.
Nvidia Corp. shares (NVDA) are up 2.9% in morning action, while Advanced Micro Devices Inc. shares (AMD) are ahead 1.8%. Micron Technology Inc.’s stock (MU) is ahead 1.8% as well. All three had staged three consecutive sessions of declines prior to Friday.
Too much depends on how [Nvidia’s] earnings and guide looks in a month.” Nvidia earnings are due on Aug. 28.
Advanced Micro Devices, Inc. (AMD) Is a Trending Stock: Facts to Know Before Betting on It
Shares of this chipmaker have returned -13.3% over the past month
For the current quarter, Advanced Micro is expected to post earnings of $0.67 per share, indicating a change of +15.5% from the year-ago quarter.
Over a $50 Trillion demand increase is expected for H2 of this year in Gold. If your preference is stocks instead of futures or spot correlated currencies, but you want to spread your allocation with relation to gold related holdings, consider defense related stocks which significantly require gold for product production. An example would be Raytheon, which builds missiles and radar systems among other things, or other entities involved with satellites or other dependent systems. Its also a decent addition to hedge against sudden market shocks.
Q: Do I suspect pending sudden shocks looking outward? A: Very stupid and bad people exist.
On the day of alleged FED’s prefered inflation gage
–
US 10-YR 4.232%
DLRx 104.11 /// 200d ma 104.33
players are panting at prospect of FED easing. Not this time around but in Sep.
meaning tghat the current implication is that DLR upside is / should be limited if not outright soft
FOMC and BoJ on the 31, BoE on Aug 1.
DLRJPY 151.90 appears meaningfully meaningful, if only to carry and leverag playes.
Res 155
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