📈 Warren Buffet's New Bet

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Good Morning & Happy Friday!!

Stocks continue to rally, nearly returning to where they were before the flash crash at the start of August. Meanwhile, Warren Buffett is making moves with new purchases. 👀

Grab your oat milk cappuccino and let's get into it! ☕️👇️

Markets

📈 Stocks Rally Again As Signs Of Crash Evaporate
The stock market rally extended Thursday, with major indexes nearly erasing early August losses as new data suggests the U.S. economy is stronger than expected.

🔻The One Stock I'd Buy in a Market Crash
There is one stock that is a clear standout as a great stock to own in a market sell-off.

💄 Warren Buffett Bet On Ulta Beauty
Warren Buffett’s Berkshire Hathaway snapped up $266 million worth of Ulta Beauty shares, sparking a 13% stock surge yesterday.

🪙 Bitcoin Price Holds Steady 
Bitcoin’s price has stayed between $58,500 and $61,600, with large holders accumulating, signaling renewed confidence and a potential bullish rally ahead.

⁉️ What Happens to Bonds When Stocks Go Up?
Many investors mistakenly believe stocks and bonds are negatively correlated, but that’s not necessarily the case.

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RETAIL

Walmart at All-Time Highs

Walmart (WMT) delivered another solid quarter, proving its resilience against cautious consumers and stubborn inflation. Q2 revenue climbed 4.8% to $169.34 billion, edging past the expected $168.46 billion. Adjusted earnings also beat estimates at $0.67 per share, up 9.8% from last year.

CEO Doug McMillon noted that “every part of the business is growing,” with in-store sales, eCommerce, and delivery all showing strength.

Walmart’s online marketplace, membership program, and global ad business, which surged 26%, played key roles in boosting profits.

Walmart’s strong earnings sent its stock soaring 6.6% to record highs, it also pulled up Target’s shares by 3.8%. However, Target still remains down 1.1% for the year.

As a bellwether for the economy, Walmart’s 4.2% U.S. sales growth last quarter contrasts sharply with Home Depot’s 3.6% slump, as the hardware giant warned of consumers tightening their belts amid higher interest rates.

Despite recession fears, Walmart’s strong performance and positive jobless figures paint a brighter economic picture, with analysts hinting at potential rate cuts on the horizon.

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