 | |  Good morning. Titan is the name of one of Saturn's moons. It's named after the Greek mythological deities that were the second generation of divine names. None of this explains the name "Project Titan," under which Tesla Motors' SolarCity division worked to replace faulty solar panel parts across the United States. Those parts were designed to prevent overheating and fire.
That's just one more odd development for Tesla, which seems to have strayed far from having a focus on electric vehicles. So far, seven Wal-Mart locations with SolarCity panels on their roofs have caught fire, and Wal-Mart is suing Tesla for damages. At least now we have a good idea of what parts may be in the flamethrower Tesla made last year. | | | | | |
| | | It's Trivia time! Join the fun and win a $10 Amazon Gift Card! What state was Occidental founded in? To participate, just reply to this email within the next 48 hours only with your answer.One winner will be selected on Monday, September 2nd. #Happytrading | | | | | | |  | Last week's winner: Daria K. | Answer:
1920, or 99 years ago | | |
| | |  | DOW 25,628.90 | -2.37% | | | | S&P 2,847.11 | -2.59% | | | | NASDAQ 7,751.77 | -3.00% | | | | | *As of market close | | | • | Stocks hit the skids on Friday, on a Trump tweetstorm following China tariffs and comments by Federal Reserve Chairman Jerome Powell. | | | • | Oil dropped nearly 3 percent to $53.91 per barrel. | | | • | Gold rallied almost 2 percent, to around $1,538 per ounce. | | | • | Cryptocurrencies rallied, with bitcoin moving over 3 percent higher. | | | |
| | | Markets Pummeled as Trump Tweets on Fed & China | | | | In a much-anticipated speech on Friday, Federal Reserve Chairman Jerome Powell increased the case for further Fed easing, citing a slowdown in the global economy. However, Powell declined to make a specific outline for more rate cuts.
Powell noted that, "There are, however, no recent precedents to guide any policy response to the current situation."
In the meantime, China announced $75 billion in retaliatory tariffs, leading President Trump to unleash a tweetstorm on both the Fed and China.
» FULL STORY | | | | |
| | Morgan Stanley Upgrades Altria (MO) | | | | On Friday, Morgan Stanley upgraded Altria Group (MO) to equal-weight from under-weight, essentially ending a bearish bet on the company. However, the investment bank declined to change its price target of $44 on shares, about a $2.50 discount to where shares of the tobacco giant trade today.
On average, analysts on the company are bullish, and the average price estimate for shares is $57.28, about 23 percent higher than where shares currently trade.
» FULL STORY | | | | |
| | Insider Activity: Cleveland-Cliffs (CLF) | | | | On Thursday, August 22nd, Keith Koci, CFO of Cleveland-Cliffs Inc. (CLF) picked up 12,500 shares of the company, paying just over $101,000 to do so. This buy increased his total stake in shares by 17 percent.
He was joined by director John Baldwin, who bought 7,000 shares, a $58,000 buy. That increased the director's stake by 6.5 percent. Insiders have bought earlier in the month as well, and have been net buyers with no sales since May.
» FULL STORY | | | | |
| | | | Unusual Options Activity: Nektar Therapeutics (NKTR) | | | On Friday, over 1,980 contracts traded on a January 2021 $15 call option on Nektar Therapeutics (NKTR). With a prior open interest of 156 contracts, this represents a 16-fold surge in volume.
With shares of the company currently trading around $17, the option buyer is about $2 in-the-money per $6.60 contract. As such, the option should move dollar-for-dollar higher with shares.
» FULL STORY | | | | |
| | | | TOP | | | CRM | 2.246% | | | | NEM | 2.104% | | | | INTU | 1.099% | | | | BA | 0.452% | | | | CCA | 0.157% | | | BOTTOM | | | LB | 9.312% | | | | HAS | 8.938% | | | | AMD | 7.398% | | | | KEYS | 7.145% | | | | JWN | 7.089% | | | | |
| | |  | | …The U.S. economy has continued to perform well overall, driven by consumer spending. Job creation has slowed from last year's pace but is still above overall labor force growth. Inflation seems to be moving up closer to 2 percent… based on our assessment of the implications of these developments [global slowdown and trade war], we will act as appropriate to sustain the expansion, with a strong labor market and inflation near its symmetric 2 percent objectiv | | - Federal Reserve Chairman Jerome Powell on economic outlook and making a light case for future interest rate cuts.  | |
| | FREE SESSION: The "Flipping Stocks" Method | | |  A new and unconventional way to "flip stocks" is quickly catching on across the country. And the man who developed this method has made nearly $25 million with it. What he's teaching could help even novice investors earn an extra $15,000 in the next 30 days alone.
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