It says the DOW Jones rebounded in an effort to make up for losses. I’m not sure I understand this phrase, did a lot of investors suddenly buy into it to bring the price up?
TSLA, AAPL, MSFT rose ahead of the rally.
According to this article, here are stocks to watch with the current volatility in the market: ANET, COST, GFS, ULTA, CVX, and MCD.
This is happening due to inflation.
Walmart grew during the pandemic and enjoyed low fuel costs but is now being affected by it.
It’s a record high.
Costco and Sam’s Club saw in increase in clients with people seeking bulk discounts.
Costco is not looking to raise membership rates and has seen an increase in memberships.
It will cut 20% of its 6,000 employees and drop several projects.
They are doing this restructuring to deal with its financial struggles so this is good news.
Their three main priorities are: augmented reality, community and revenue growth.
It missed earnings by 25% last report and didn’t give guidance on the next one.
TikTok has become a real threat to Snap and other competitors.
They paused work on a drone they were going to create to take photos from multiple angles that was going to cost $230, going to launch in April.
The drop was caused because of economic data that came out. Chip and oil stocks are leading the declines at the start of September.
AAPL and MSFT fell on market open today on Thursday.
ANET, COST, GFS, and ULTA are among the top stocks to buy according to the article.
SPY is down 0.65% among market open.
Jobless claims fell to 232,000 when they had expected 246,000.
One good move is to invest in TSLX, the company helping finance BBBY.
BBBY shares have plunged by 21.3% after they said they’ll cut 20% of their workforce.
J.P. Morgan deemed BBBY as an insufficient lifeline.
Investing in business development companies like TSLX are a way that companies can get exposed to private credit markets.
This is saying that new COVID-19 China lockdowns are affecting the market.
The largest city since Shanghai has been locked down.
Any company who’s profits derive in any way from China will see lower results when there’s a new virus outbreak.
SBUX, WYNN, LVS, NKE, and EL
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