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Market Update Newsletter 8/28/23

Last week had the Down down .45% S&P up .82% and Nasdaq up 2.26%. Bitcoin is sitting around $26k. Futures are up as the 10 year retreats.


Fed is meeting in Jackson Hole, Wyoming. Powell says the Feds approach is making progress but we are not done hiking.


Last leg of earnings is upon on the week with notable companies Salesforce (CRM), Broadcom (AVGO), Lululemon (LULU)


Stocks I am Watching

Apache (APA) raised from $39-$43. Good look for oil.


Emerson Electric (EMRS) Initiated by Argus with $110 PT.


L3Harris (LHX) receives downgrade? Seems shortsighted.


Meta (META) initiated with an outperform rating by Cicc. Stock is a rocketship.


Veeva (VEEV) raised to a $236 PT by Citi. I like it!


Happy Investing!

The Punkrock Capitalist


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