Aug 15th Stock Market Update - Stocks rocket on good consumer spending data

$SOFI $FND $WRBY

Author

Mukund Mohan
August 15, 2024

Market

“Retail sales accelerated 1% in July, better than the 0.3% estimate, which prompted stocks to a strong move higher, erasing all losses from the last 2 weeks” 😊 😋

All 3 indices headed much higher, with the NASDAQ only 10% off ATH

Nvidia broke a key resistance to head higher in the $120 area, and Amazon is on the reversal from its low post earnings. Broadcom, Intuit and Microsoft continued their run up.

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Insights from the portfolio

$SOFI SoFi Technologies Inc Deep Dive and 2024 Outlook

The fintech company is starting to make a move to go higher on likely lower interest rates

stocksmarts.substack.com/p/sofi-sofi-technologies-inc-deep-dive

Video of the day

Today’s video is on Warby Parker, $WRBY the prescription eyeglasses company.

Deep dive of the day

Floor & Decor Holdings Inc $FND Deep Dive – Investment Literacy Coach

The flooring company

blog.mukundmohan.online/index.php/2024/08/15/floor-decor-holdings-inc-fnd-deep-dive

Good setups for swing

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