Earnings & Movers
"On track for the best August performance since 1986, National Securities' Art Hogan warns a key technical trend suggests the S&P 500's record win streak is running into trouble."
"Investors are showing an increased interest in clean-energy car companies. Stock in Tesla Inc. has surged this year, making founder Elon Musk a centibillionaire with a net work of $104 billion. Li Auto Inc., another Chinese EV maker, raised $1.1 billion in late July while XPeng Inc. had a stellar debut last week."
"Disruptive companies can come from outside the U.S., too. The team at Jackson Square Partners likes the U.K's Farfetch, Israel's Wix.com, and China's Bilibili."
"As China's recovery from the pandemic continues, the burden of the country's economic support measures is increasingly falling on its commercial banks."