📈 Nike Down Bad

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Good Morning!

First up, let's talk Nike: They released their earnings report, outperforming Wall Street when it comes to revenue. Profits didn't quite hit the mark, leaving the stock down 2% - can't win 'em all, right? We're also taking a peek at how Tesla's deliveries and Apple's Vision Pro production targets are shaking up the markets.

It’s no surprise that the tech sector has been a bit of a rollercoaster, leading to causing some hefty price drops in solid stocks like Amazon, Fiverr, and Roku, creating tempting opportunities for us savvy investors.

Grab your Grande, half-caff, non-fat, caramel macchiato with two pumps of vanilla syrup and extra foam and let's get into it! ☕️👇️

Markets

Key Economic Drivers for the 2nd Half of 2023 (6 minute read)
As you probably heard, the debt ceiling showdown hogged the spotlight in the second quarter - But now that crisis is finally in the rearview mirror, and we can get back to the nitty-gritty of the global economy.

The market is still digesting the Federal Reserve's decision to hit the brakes on interest rate hikes and the Eurozone slipped into a recession during the winter. China's big post-lockdown rally fizzled out, which had the Chinese government scrambling to slash rates and think up more ways to prop things up. It’s going to be an interesting second half to the year, but we’ll keep you in the loop!

Investing

Nike posts first earnings miss in three years (4 minute read)
In the fourth quarter, Nike (NKE) managed to outperform Wall Street predictions when it comes to revenue, but sadly, their profits fell a bit short of expectations. The sneaker giant's margins took a hit, dropping by 1.4 percentage points during the quarter. Things weren't looking too good in the premarket trading either, as Nike's shares took a dive of over 2% - leaving them down about 3% for the year.

Tesla deliveries, Vision Pro production targets - what's moving markets (5 minute read)
Tesla (TSLA) just knocked it out of the park in the second quarter with their vehicle deliveries - all it took was them lowering their prices. Maybe Apple (AAPL) should consider this, as reports suggest they're slashing production targets for their Vision Pro headset. Over in San Francisco, a major decision is looming over Microsoft's (MSFT) megamerger with Activision Blizzard (ATVI). 

3 Top Bargain Stocks Ready for a Bull Run 4 minute read)
The setbacks we saw in 2022 have actually opened up some fantastic buying opportunities, especially in the tech sector. It seems like market overreactions have caused significant price drops in some solid stocks, which means there are some real bargains waiting to be snatched up. Take a look at Amazon (AMZN), Fiverr (FVRR), and Roku (ROKU) — they're shining bright and looking like mighty fine buys at their current low prices.

Money

The No-Brainer Retirement Account I'd Choose Way Before a 401(k) (6 minute read)
So, here's the deal with a 401(k): it's not exactly the most flexible option out there, and when you finally retire, it can hit you with a hefty tax burden - but, there's an alternative worth considering: the Roth IRA. It comes with a bunch of benefits that can make your retirement journey a bit smoother. However, there's a catch—you gotta meet certain requirements to use one.

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