Many migrate for economic opportunities as much as to avoid political dangers. The second-most-spoken second-language in Miami, after Spanish, is Russian. And London properties have been snagged up by billionaires who hail from around the world.
 | |  Good morning. Many migrate for economic opportunities as much as to avoid political dangers. The second-most-spoken second-language in Miami, after Spanish, is Russian. And London properties have been snagged up by billionaires who hail from around the world.
That trend is likely to continue, but for those less wealthy but who aspire to wealth, there are always emerging markets. Much like the Old West of the 19th century, millions of Chinese entrepreneurs looking to create their wealth are migrating to Africa. The resource-rich, infrastructure-poor continent can create tremendous investment opportunities—if investors put their capital where the entrepreneurs are voting with their feet. | | | | | |
| | |  | DOW 25,896.44 | -1.49% | | | | S&P 2,882.69 | -1.23% | | | | NASDAQ 7,863.41 | -1.2% | | | | | *As of market close | | | • | Stocks slid on Monday, as trade war fears and Hong Kong protests lingered on markets. Markets are now down about 7 percent from all-time highs. | | | • | Oil held steady, and gold advanced another 1 percent higher. | | | • | Cryptocurrencies also declined, although slightly. | | | |
| | | Fed Weighs New Tool to Ensure Credit | | | | On Monday, the Wall Street Journal reported that the Federal Reserve board is considering a tool known as a countercyclical capital buffer.
Approved in 2016, the tool would allow the central bank to require large banks, typically those with more than $250 billion in assets, to increase their capital reserves when the economy shows signs of overheating. As the economy slows, that reserve would be allowed to shrink, freeing up more capital to lend out.
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| | AMD Shares Upgraded on Product Execution | | | | Although trade war fears have hit the tech space, particularly the semiconductors, harder than other sectors, companies in the space are still performing well operationally—and are even getting analyst upgrades.
On Monday, Cowen raised its price target on Advanced Micro Devices (AMD), where it already has an Outperform rating. Cowen raised their price target on shares to $42 from $40.
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| | Insider Activity: United Insurance Holdings Corp (UIHC) | | | | On Friday, August 9th, Scott St. John, Chief Claims Officer at United Insurance Holdings Corp (UIHC), picked up 4,258 shares of the company, a price that came out to just over $50,000. The buy more than doubled his holdings in the company to 7,712 shares.
Insiders at the company have been buyers throughout August so far, including buys from three directors and the CEO. The last insider sale occurred back in March, when shares traded 25 percent higher.
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| | | | Unusual Options Activity: Pretium Resources (PVG) | | | Amid options trading on unusual activity on Monday, the $20 January 2021 call options on Pretium Resources (PVG) stood out.
With shares around $13.30, the company's shares would need to rally 50 percent before the option moved in-the-money. With 550 trading days before expiration, and with shares already up 50 percent in the past year, the trade could certainly play out handsomely for traders.
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| | | | TOP | | | MGN | 4.856% | | | | CTL | 3.896% | | | | SYY | 3.143% | | | | NWSA | 2.409% | | | | NWS | 2.345% | | | | BOTTOM | | | NKTR | 11.186% | | | | MOS | 8.142% | | | | CTVA | 6.323% | | | | SYMC | 5.742% | | | | DXC | 5.542% | | | | | PFE
| | |  | | Gold is the peoples' hedge against government run amok. At home we have Trump fighting with the Fed. Trump fighting with China, the EU, Venzuela, Iran, Russia while fending off domestic attacks... Every day more people pull back from this show and ask themselves, "What should I do now?" That's part of where this energy comes from. It's been building for years. And enough people are saying to them the same thing, "Buy gold." | - Gold analyst Tom Luongo on the metal's price move  | |
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