News / Uncategorized
[Platinum Insights] (7.17.23)
[Platinum Insights] (7.17.23)
August 22, 2023
Good morning.
U.S. stock index futures were subdued on Monday after last week’s gains, as investors geared up for quarterly results from industry heavyweights through the week.
Second-quarter earnings are gathering momentum, with Tesla due to report on Wednesday, while Bank of America, Morgan Stanley, Goldman Sachs and Netflix are also lined up through the rest of the week.
Activision Blizzard rose 4.5% in the pre-market after Microsoft said it has signed an agreement to keep Call of Duty on PlayStation following its acquisition.
Wheat futures in the US soared past $6.8 per bushel from the one-month low of $6.3 touched on July 12th after Russia refused to extend the deal guaranteeing a safe trade corridor for vessels to export Ukrainian grain out of Black Sea ports.
WTI crude futures fell below $75 per barrel. Gold eased toward $1,950 an ounce while US 10 Year Note Bond Yield was 3.78 percent.
The three major U.S. indexes ended last week over 2% higher after consumer prices and producer prices data provided evidence that the economy had entered a disinflation phase, stoking hopes that the Federal Reserve will soon end its monetary policy tightening.
Majority of sectors on the S&P 500 closed on a negative note, with energy, financials and communication services stocks recording the biggest losses on Friday. However, health care, consumer staples and consumer discretionary stocks closed higher during the Friday’s session.
Have a great day.
Share this article:
More in Uncategorized:
Hedge funds and banks typically use multiple time frames for intraday trading
Hedge funds and banks typically use multiple time frames for intraday trading, as this allows them to gain a comprehensive...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 30, 2024
Nvidia Earnings Call: A Record Quarter with a Twist
Nvidia’s Q2 earnings call was a mixed bag, with the company reporting a record quarter but also revealing a drop...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 29, 2024
Nvidia Earnings: A Critical Moment for Big Tech
As we approach Nvidia’s earnings report, the tech world holds its breath. This isn’t just about one company’s performance; it’s...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 28, 2024
The Sleeping Giant: Why Intel is an Undervalued Stock
As the world’s largest semiconductor company, Intel (INTC) has long been a household name in the tech industry. However, despite...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 23, 2024
The Trillion Dollar Addiction...
The Trillion Dollar Addiction That Amazon, Google, Meta and Microsoft Will Be Selling Next Year As I discussed in my...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 19, 2024
What is an AI Agent? What Can It Do For You? Where Can You Get One?
As I discussed with my tribe during our recent stock talk, I’m excited to share with you the concept of...
[Platinum Insights] (7.17.23)
August 18, 2024