Good Morning!
First up on the menu, we've got the lowdown on US consumer confidence – it's taken a four-month joyride to the basement, and we've got the scoop on why. But fret not, because we've also cooked up a reading list that's hotter than a stock market rally – the best price action books to help you become a real investing pro.
Now, let's talk about a stock that's had a rough day at the office – United Natural Foods. Its stock took a tumble of 27%, and we're here to dissect what went wrong. And finally, if you're on the hunt for investment opportunities that are as smart as they are artificial, we've got two top AI stocks ready to gallop in a bull run.
Markets
US consumer confidence slides to four-month low (5 minute read)
U.S. consumer confidence hit a bit of a speed bump in September, dropping to a four-month low. People are feeling the pinch of those higher prices and are suddenly getting a case of recession jitters. But hey, it's not all doom and gloom – we're still feeling pretty chipper about the job market!
On the flip side, we've got higher interest rates giving us side-eye and some good ol' political drama brewing as the government contemplates a shutdown. Confidence seems to have taken a nosedive across the board, and those with $50,000 or more in their piggy banks are feeling it the most.
Investing
2 Top AI Stocks Ready for a Bull Run (5 minute read)
AI chips are in hot demand, and that means these companies are about to ride the wave. Micron Technology (MU) is gearing up for a comeback in the next fiscal year, and AI is poised to be the star of the show. Meanwhile, Marvell Technology (MRVL) is sprinting ahead with its AI-related revenue, leaving expectations in the dust!
United Natural Foods Stock Falls 27% on Lossmaking Quarter, Weak Guidance (2 minute read)
It's been a bumpy ride for investors in the organic foods game. United Natural Foods (UNFI) has been serving up some bitter losses this year, with its stock taking a nosedive of a whopping 64% so far, and the crystal ball isn't showing any sunshine ahead.
The Best Price Action Books To Help Master Your Investing (12 minute read)
Become a better trader with our list of essential price action books. Learn how to maximize profits and minimize losses when investing in the markets with these must-read titles.
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Best of Twitter
THIS IS WHAT JP MORGAN SENT TO ALL ITS UK CLIENTS TODAY LOL
$JPM
— GURGAVIN (@gurgavin)
Sep 26, 2023
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