Goldman says the real AI danger isn't crazy stock pricesβit's an earnings bubble. Markets are betting big on AI profits, but if those don't show up, watch out.
Breaking news:
πΊπΈ The US Senate has just 5 days left to vote on the Crypto Clarity Act before the Summer break
Looks like both Republicans and Democrats have finally agreed on the ethics package
Fingers crossed it gets approved now!!
PayPal just dropped Q2 earnings and they crushed it πͺ
- Adj EPS hit $1.38, beating $1.28 estimates π’
- Revenue $8.68B, above $8.47B π’
- Payment volume $486.5B, topping $468.5B π’
They also raised the yearly forecast:
- FY adj EPS up to ~$5.38, better than $5.31 π’
-
Only one week left until The Wolf Summit NYC πΊ
August 3rd, Times Square.
This event is built for serious traders. We pulled strings to pack one room with top talent.
7 days from now, you could be alongside Peter Tuchman, Scott Redler, Paper Gains, and Stocktalk, asking
Breaking: Gulf countries have sold $112 billion in bonds so far this yearβan all-time high for this point in the year. That's triple what they raised in 2022.
Saudi, Kuwait, UAE, and Qatar are borrowing big to fund new ports, fix pipelines, and upgrade roadsβall to avoid re
Since 1926, the stock market has crashed:
π 1929: -86%
π 1973: -48%
π 2000: -49%
π 2008: -57%
π 2020: -34%
AND YET, it increased by 10.3% per year, or +1,400,000% over 99 years.
Ignore the noise. Invest.
Tom Lee thinks the S&P will hit 8,000 by year end π
- Stocks are actually cheaper now. PE dropped from 19.4x to 18.4x since Jan 1.
- Oil, Fed, and ISM all turning into good news later this year.
- Says SpaceX is one of the biggest companies to watch over the next 20 years.
Nvidia $NVDA has crushed the S&P 500 over the last 10 years π₯
π₯ Nvidia $NVDA +13,548% π’
π₯ $AMD +10,113% π’
π₯ Micron $MU +7,704% π’
Mark Cuban admits he was drunk when he dropped $125K on an American Airlines lifetime pass after getting rich.
'I called them up and just slurred my words.'
So many folks are sitting on properties they bought a couple years back, now down 20-25%+.
In parts of Florida, you're seeing stuff sell at 20-25%+ discounts.
Probably nothing.
Big news just dropped: Jersey Mike's Subs is officially filing for an IPO π
Looks like we might be able to grab a slice of that sandwich empire soon! π₯ͺ