Aug 17th Weekly Stock Market Update - stocks are stronger on good consumer data and inflation

$SNOW $WRBY $MNDY $WING

Author

Mukund Mohan
August 17, 2024

Review

The market erased all losses from last week and continued its climb higher amidst strong consumer sentiment and good inflation data. The stocks I am most interested in are now financial sector mid caps and eCommerce.

All indices made up all losses and gained some for the month

Videos this week

Deep Dives this week

Toll Brothers Inc $TOL Deep Dive – Investment Literacy Coach

The home builder

blog.mukundmohan.online/index.php/2024/08/12/toll-brothers-inc-tol-deep-dive

F5 Inc FFIV Deep Dive – Investment Literacy Coach

The network and security company

blog.mukundmohan.online/index.php/2024/08/13/f5-inc-ffiv-deep-dive

Dropbox Inc $DBX Deep Dive – Investment Literacy Coach

The file storage company

blog.mukundmohan.online/index.php/2024/08/14/dropbox-inc-dbx-deep-dive

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

The flooring and carpet retailer

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

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

Portfolio updates this week

$VKTX Viking Therapeutics Inc Deep Dive and 20204 Outlook

Viking Therapeutics Inc.

stocksmarts.substack.com/p/vktx-viking-therapeutics-inc-deep

$W Wayfair Inc Deep Dive and 2024 Outlook

Wayfair Inc., founded in 2002 by Niraj Shah and Steve Conine, has evolved into a leading online retailer specializing in home goods, offering a vast selection of furniture, decor, and appliances.

stocksmarts.substack.com/p/w-wayfair-inc-deep-dive-and-2024

$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

$LYFT Lyft Inc Deep Dive and 2024 Outlook

The cup and handle has broken down, making it bearish

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

$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