πŸ“ˆ Looking For Tech Stocks?

Plus: TSLA earnings call disappoints...

Good Morning!

Let's talk about China – it seems like their growth engine has been running on fumes lately, and that could be a bumpy road for some of our beloved companies. But don’t you worry - We've got not one, not two, but three awesome tech stocks that are practically begging to be part of your long-term investment portfolio.

Tesla hit an all-time high in quarterly revenue, but shares took a dive as our main man Elon Musk played hide-and-seek with the Cybertruck delivery dates. Let us know what you think about Elon and Tesla below:

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Grab your vanilla honey matcha latte with oat milk over crushed ice and let’s get into it! β˜•οΈπŸ‘‡οΈ 

Markets

China's sagging economy looms over the world (4 minute read)
China's growth is feeling a bit sluggish, and that could spell trouble for some of our favorite companies. Yep, even big shots like Apple, chipmakers, and luxury retailers might feel the pinch as they reveal their quarterly results. Meanwhile, Wall Street is holding its breath for second-quarter U.S. earnings, with inflation and weaker spending messing with profit margins. Even our pals across the pond in Europe might catch some of that fallout from China's post-COVID momentum.

Investing

Looking for Tech Stocks? These 3 Are Great Buys (5 minute read)
Wall Street is giddy about all things high-growth, especially artificial intelligence and cloud computing. These sectors are on fire and some of the companies long-term prospects are simply too irresistible to ignore. Take Apple (AAPL), for example, sitting pretty at the top as the world's most valuable company. AMD (AMD) is stealing the spotlight with investors going all-in on their chip potential. And let's not forget Microsoft (MSFT), becoming one of the giants in the exciting world of AI.

Tesla shares sink as earnings disappoints (4 minute read)
Tesla just hit an all-time high in revenue for the quarter, but their operating margin took a little hit, reaching 9.6%. The stock started off flat after the report, but during the earnings call, the price took a dip as Elon Musk and his gang couldn't quite nail down those precise specs and start of delivery dates for the Cybertruck and the robotaxi-ready vehicle.

Money

The IRS Is Cracking Down on Wealthy Taxpayers (5 minute read)
The IRS is flexing its financial muscles thanks to the "Inflation Reduction Act" – a snazzy tax and climate package signed into law last August that pumped a whopping $80 billion into their budget over the next decade! They're on a mission to tackle those rich folks who've been evading their tax dues, and it's paying off big time – they've already clawed back tens of millions of dollars!

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