In the Stat of the Day, Goldman Sachs highlights the “haves” and “have nots” in the market today: “In aggregate, FAAMG EPS grew by 2% year/year in 2Q compared with an aggregate decline of -38% for the other 495 S&P 500 companies.” Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation (ICE) |
In the Chart of the Day, Apple’s market cap is 89% of the market cap of the Russell 2000 (small cap stock index): Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation (ICE) | S + R = O IMPORTANT DISCLOSURE INFORMATIONPlease remember that past performance may not be indicative of future results.
The SEC is launching an investigation surrounding trading of Eastman Kodak Co’s (KODK) shares before and after it was announced that the government is loaning the company $765 million. The money will help Kodak manufacture drugs at its US factories. Shares of the company spiked to $60 on the news before they fell to $15. SEC officials
Restaurant reservations have been acting as a daily real-time gauge of the monthly consumer confidence readings. Stronger rebound in Europe vs North America. Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation (ICE) | S + R = O IMPORTANT DISCLOSURE INFORMATIONPlease remember that past performance may not be indicative of future results.
At the end of last week, Fitch Ratings revised the U.S. Outlook to Negative to reflect the ongoing deterioration in the U.S. public finances and the absence of a credible fiscal consolidation plan. This is the latest in a long line of similar adjustments. There were more sovereign downgrades in 1H20 than any full year