 | |  Good morning. Economists are often accused of being too wishy-washy —specifically relying on the phrase "on the other hand." So as New York Federal Reserve President John Williams stated that the central bank raised interest rates far too fast and too early, he was also supportive of the work the bank has done to create one of the longest-running stock market rallies in history.
Not all are happy, of course. President Trump tweeted that he agrees with Williams on the first part, but, as presidents often do, prefers to take all the credit for the booming economy. A good president wouldn't mind taking some credit, and sharing some, with the expectation that in a declining economy, someone else would also share in the blame. Time will tell how the economy fares under Trump. | | | | | | | | | It's Trivia time! Join the fun and win a Trading Tips T-Shirt. Post a picture of your Trading computer, desk or office within the next 48 hours. To participate, just post an image on our Facebook Group and all partcipants within the timeframe will be selected to win. #happytrading | | | | | | |  | Congrats to last week's winner:
Sajjad A. | Answer:
326 - Nflx price | | |
| | |  | DOW 27,154.41 | -0.25% | | | | S&P 2,976.62 | -0.62% | | | | NASDAQ 8,146.49 | -0.74% | | | | | *As of market close | | | • | Stocks traded higher on Friday, as earnings season generally came in well, but fell into the close as Iran seized two oil tankers. | | | | • | Oil prices spiked higher potential geopolitical fears, yet precious metals traded flat. | | | |
| | | Trump and Pelosi on Track for Debt Ceiling Debate | | 
| | House speaker rejected administration proposal. | | House Speaker Nancy Pelosi rejected an offer by the White House regarding the most recent debt ceiling proposal, increasing the likelihood of a government shutdown in the coming weeks.
The Trump administration proposed a two-year budget cap agreement involving $150 billion in spending cuts from a menu of $74 billion in potential savings opportunities. The deal included no changes in taxes or revenues.
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| | How to Pick the Perfect Pot Stock | | |  | | Jeff Siegel knows how to pick pot stocks that'll make you rich. Take a look at his incredible success... Canopy Growth was trading at $1.60 when Jeff went in on it, and it exploded for an incredible 3,015% in profit. He picked Aphria, Inc. and it skyrocketed from $1.13 to $14.40 for a 1,174% gain. And OrganiGram Holdings was just $0.40 a share. Then it shot up to $5.14 for another 1,185% winner.
So, what's his secret? Well, it turns out that picking the perfect pot stock is easy. Get the names of the next 3 pot stocks set to explode on August 28th in this special presentation. Go here now. | |
| | Natural Gas Prices Hit Three Year Lows | |  | | Heat wave and supply glut weigh on commodity. | | Natural gas prices fell to $2.30 last week, one of the weakest weeks ever in terms of pricing. That comes amidst a summer heat wave that tends to spur demand for energy in order to power fans and air conditioners.
While natural gas prices are at their lowest in three years, prices are also on track to be the weakest for the summer season in 20 years.
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| | Insider Activity: Chaparral Energy (CHAP) | |  | | Deep-value investment firm adds to stake. | | Last week, Strategic Value Partners, LLC, already a 10% owner, added to its stake in Chaparral Energy (CHAP). The fund bought 554,321 shares at a cost of just over $3.1 million.
This follows on additional buys by the fund in recent weeks. Since April, the fund has seen its total holdings increase from 10.7 million shares to 13.1 million shares.
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| | | | Unusual Options Activity: Brookfield Asset Management (BAM) |  | | Shares likely to move higher by double-digits before year-end. | | Shares of Brookfield Asset Management (BAM) may be heading higher between now and December, based on a surge of the $55 call options there.
On Thursday, over 3,250 of the calls traded against a prior open interest of 187, nearly a 17-fold surge in volume. With shares trading at $48.50 however, the options imply that shares are likely to move at least 13 percent higher between now and December expiration, 154 days away.
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| | | | TOP | | | STT | 6.733% | | | | CFG | 6.384% | | | | KSU | 4.611% | | | | JBHT | 4.545% | | | | BA | 4.5% | | | | BOTTOM | | | ADS | 4.076% | | | | GILD | 3.229% | | | | SYMC | 3.174% | | | | NFLX | 3.109% | | | | SYF | 2.882% | | | | |
| | Top Rated Stocks Under $10 |  | | | |
| | |  | …The sharp correction in the (normally) seasonally strong October-December period last year was actually a spitting image of the late 1928 correction. As it turned out, this was far from the only similarity between the two eras.
Incidentally, market participants ignored a weakening real economy in the final stretch of the 1920s bull market as well: economic data deteriorated noticeably in the course of 1929, but that did nothing to curb the stock market's advance – at least initially." | - Market analyst Pater Tenebrarum on the similarities between today's markets and that of the late 1920's  | |
| | Headline: August 28: Three Pot Stocks Set To Explode | | | | Jeff Siegel knows how to pick pot stocks that'll make you rich. Take a look at his incredible success... Canopy Growth was trading at $1.60 when Jeff went in on it, and it exploded for an incredible 3,015% in profit. He picked Aphria, Inc. and it skyrocketed from $1.13 to $14.40 for a 1,174% gain. And OrganiGram Holdings was just $0.40 a share. Then it shot up to $5.14 for another 1,185% winner.
So, what's his secret? Well, it turns out that picking the perfect pot stock is easy. Get the names of the next 3 pot stocks set to explode on August 28th in this special presentation. Go here now. | | | |
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