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Aug 16th Stock Market Update - Strong retail sales, increasing consumer confidence lifts stocks

$PAYC $SNOW $XPEV

Author

Mukund Mohan
August 16, 2024

Market

“After the violent move lower in early Aug, stocks moved much higher this week on back of consumer confidence and spending. As I mentioned 2 weeks ago, this is a strong market.” 😊 😋

Slow move higher today for all stock indices, on the back of no news

Chinese stocks Alibaba and JD.com were both among the biggest gainers after earnings reports that were not terrific, but better than expected. I dont expect these gains to continue.

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Insights from the portfolio

$XPEV XPeng Inc Deep Dive and 2024 outlook

The China based EV maker is still struggling to clear competitive overhang

stocksmarts.substack.com/p/xpev-xpeng-inc-deep-dive-and-2024

Video of the day

Today’s video is on Snowflake $SNOW the cloud data warehouse company

Deep dive of the day

Paycom Software Inc $PAYC Deep Dive – Investment Literacy Coach

The payroll and software company

blog.mukundmohan.online/index.php/2024/08/16/paycom-software-inc-payc-deep-dive

Good setups for swing

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