Market Rally Hits Resistance; Netflix Crashes, Tesla, Lockheed, United Airlines, Alcoa In Focus: Weekly Review

Bloomberg
Winners and Losers in Democrats’ Signature Tax and Energy Bill
(Bloomberg) -- President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats’ economic agenda is hurtling toward enactment. Most Read from BloombergR Kelly Has $28,000 in His Prison-Inmate Account. Prosecutors Want to Seize ItBuffett’s Berkshire Pounces on Market Slump to Buy EquitiesTax Bill Latest: GOP Private Equity Carveout Amendment ApprovedTurkish Banks Are Adopting Russian Payments System, Erdogan SaysYOLO Stock Bulls Say Wake Me W
5h ago
MoneyWise
‘We are in a recession’: Long-time bull Cathie Wood is warning investors about the ‘big problem’ in today's economy. Here are 3 stocks she likes now
The super investor still sees opportunities ahead.
10h ago
TheStreet.com
Costco May Have a Huge Workers Problem
Costco has famously been a good place to work. Costco has more than 13,000 ratings on the website, with 80% of employees recommending working at Costco. Over 2254 reviews even stated that they "love Costco because they provide you with a living wage and great benefits even working part time."
1d ago
Reuters
Automakers say U.S. Senate bill will jeopardize 2030 EV targets
WASHINGTON (Reuters) -A group representing General Motors, Toyota Motor, Volkswagen and other major automakers said a $430 billion bill approved Sunday by the U.S. Senate will put achieving U.S. electric-vehicle adoption targets for 2030 in jeopardy. "Unfortunately, the EV tax credit requirements will make most vehicles immediately ineligible for the incentive," said the Alliance for Automotive Innovation's chief executive, John Bozzella, adding the bill "will also jeopardize our collective target of 40-50% electric vehicle sales by 2030." The group had warned Friday that most EV models would not qualify for a $7,500 tax credit for U.S. buyers under the bill.
4h ago
TipRanks
Over 100% Upside: Analysts See an Appealing Entry Point in These 3 ‘Strong Buy’ Stocks
After July’s exceptional surge, the markets steadied during early August with the S&P 500 up by a third of a precent over the past week. Now investors will be keen to find out if the rally has legs. Stifel's chief equity strategist Barry Bannister thinks it does and believes the S&P 500 is on course to reach 4,400 during the year’s second half, explaining that the sell-off in 1H22 is “still being reversed.” The strategist also thinks the S&P 500’s “equity risk premium” now suggests a mid-point p
15h ago
Motley Fool
1 Semiconductor Stock With 104% Upside, According to Wall Street
Advanced Micro Devices continues to deliver strong financial results, which could lead to blockbuster gains in its stock price.
13h ago
MarketWatch
My bank accidentally deposited $10K in my account. I reported it, then moved it to my savings account. Have I done enough?
‘I have made an earnest attempt to get the bank to take their money back, so I was wondering if at any point or time the money would become legally mine.’
1d ago
The Telegraph
Jack Ma’s downfall is a symptom of Xi Jinping’s communist economy
As a Chinese success story, Alibaba is unrivalled. As its founder, Jack Ma soared in power and prestige, acquiring a global reputation that spread alongside the company’s growth into a global e-commerce giant.
18h ago
Reuters
Berkshire CEO-designate Abel sells stake in energy company he led for $870 million
Berkshire Hathaway Inc said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company's Berkshire Hathaway Energy unit for $870 million. In its quarterly report, Berkshire said the energy unit bought out Abel in June under an agreement among them and the family of the late billionaire philanthropist Walter Scott, which owns an 8% stake. Buffett's Omaha, Nebraska-based conglomerate took a $362 million charge to capital, reflecting the premium over how much the stake's value was reflected on its books.
1d ago
SmartAsset
A Shocking Percentage of Adults Failed This Financial Quiz. Can You Do Better?
Despite the vast depth of information and education available today, financial literacy isn't improving among adults in the U.S. A financial advisor can help you improve your financial literacy to better understand your money. Find a fiduciary advisor today. On average, … Continue reading → The post 23% of Adults Got Three-Quarters of Financial Literacy Questions Wrong: Can You Get Them Right? appeared first on SmartAsset Blog.
1d ago
MoneyWise
‘We’re heading into a housing recession’: Here’s what the NAHB CEO sees in real estate right now — and why it spells trouble for the economy
This CEO is connected — and worth listening to.
14h ago
TheStreet.com
Bearish Bets: 3 Stocks You Really Should Consider Shorting This Week
Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Garmin Ltd. recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings.
11h ago
Barrons.com
Senate Passes Climate Bill. The Rush to Renewable Energy Is On.
The bill could greatly accelerate the global transition to wind, solar and other clean energy. For investors, it will pay to be picky.
47m ago
Motley Fool
Is It Too Late to Buy These 2 Stock Split Stocks?
Stock splits have been hot lately as some top companies have decided that dividing up their stocks into smaller portions will benefit the companies and their shareholders. Whether stock splits are advantageous to anyone is debatable, but historically, splitting the stock into smaller portions at cheaper prices does tend to achieve at least an initial jump in the price. Amazon (NASDAQ: AMZN) and Shopify (NYSE: SHOP) both split their stocks in June, and both stocks are up around 10% since their respective stock splits as of this writing.
11h ago
Barrons.com
SIGA Will Seek FDA Approval of Monkeypox Treatment When Data Is Available, CEO Says
The monkeypox outbreak has sent the drugmaker's stock up more than 200% this year, though the company’s monkeypox antiviral remains hard to access in the U.S.
17h ago
Barrons.com
GE Is Building the Electricity Grid of the Future. Here’s What We Found on a Tour.
GE has some impressive history, and current technology, on display at its research center in upstate New York.
13h ago
Yahoo Finance
Have the markets bottomed, and is it safe to buy? Experts weigh in
A recession? Don’t tell that to the stock market. The major averages ended positive for the week. That came after the best month for the S&P 500 since November 2020.
9h ago
Fortune
The billionaire famous for his early investment in Facebook wants America to build again—just not housing in his backyard
Marc Andreessen, who once wrote a blog post called “Time to Build,” lives in Atherton, California, America’s richest town. His YIMBY stance in the macro sense looks more NIMBY in the micro.
2d ago
Bloomberg
Senate Passes Democrats’ Landmark Tax, Climate, Drugs Bill
(Bloomberg) -- The Senate passed a landmark tax, climate and health-care bill, speeding a slimmed-down version of President Joe Biden’s domestic agenda on a path to becoming law after a year of Democratic infighting that the White House was unable to control.Most Read from BloombergR Kelly Has $28,000 in His Prison-Inmate Account. Prosecutors Want to Seize ItBuffett’s Berkshire Pounces on Market Slump to Buy EquitiesTax Bill Latest: GOP Private Equity Carveout Amendment ApprovedTurkish Banks Are
2h ago
SmartAsset
Here's What Capital Gains on Inherited Properties Will Cost You
When you inherit property, the IRS applies what is known as a stepped-up basis to that asset. Here's how capital gains are taxed on inherited property.
8h ago

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Market Rally Hits Resistance; Netflix Crashes, Tesla, Lockheed, United Airlines, Alcoa In Focus: Weekly Review

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