Good morning. What you’re looking at right now is Stocks & Income – a daily financial newsletter curated by the same folks who give you CoinSnacks and Gold Playbook.
Simply, our intention is to deliver you news around stocks and the hard to find income strategies buried behind the hype-filled and sensationalized media outlets of today. Consider it a window into “what we’re reading” along with a line up of straight-to-the-point market headlines shaping our economy.
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*past 24-hour performance
US economic growth accelerates: GDP grew at a seasonally- and inflation-adjusted 2.4% annual rate in the second quarter, suggesting the U.S. is steering clear of recession (WSJ)
ECB raises rates again: The European Central Bank announced a new rate increase of .25 basis points to 3.75%, marking its ninth raise in a row and 22-year high (FT)
FTC readies lawsuit: Amazon Rumors are circulating that The FTC is finalizing its long-awaited antitrust lawsuit against Amazon, a move that could ultimately break up parts of the company (Politico)
Bud Light layoffs: Anheuser-Busch is set to lay off a small percentage of its U.S. corporate staff in a restructuring aimed at simplifying and reducing layers within the organization (Axios)
From dolls to denim: Top Mattel (MAT) executive Richard Dickson who was credited with reviving Barbie, will become Gap's (GPS) new CEO, capping off a yearlong search (CNBC)
Camera-gate: Trump faces new charges as the office of the special counsel accused the former president of seeking to delete security camera footage at Mar-a-Lago (NYT)
Nostalgia for the win: McDonald's (MCD) reports global same-store sales rose 11.7%; calls out its “culturally relevant brand and marketing campaigns” as a driver for a strong Q2 (Yahoo)
Chipotle earnings: Chipotle (CMG) reported quarterly earnings that crushed expectations, but the burrito chain’s sales fell short causing the stock to drop 9%. Shares are still up 50% this year (CNBC)
Lower margins hurting majors: Exxon Mobil Corp (XOM) today reported a 56% slump in second-quarter profit, missing Wall Street bets and joining rivals hurt by a sharp drop in energy prices and lower fuel margins (Reuters)
Birth, Death, and Wealth Creation 60% percent of the stocks of U.S. public companies failed to earn returns in excess of Treasury bills; only 2% created more than 90% of the aggregate wealth. The skewness in wealth creation suggests two approaches for investors: seek broad diversification or build a portfolio that tries to avoid the wealth destroyers while owning the wealth creators. Read more >>
Bearish in a Bull Market When the Street’s most bearish strategist turns bullish, does that mean the market is due for a correction? Well, that logic is a little too on-the-nose, but… Read more >>
Labor’s Shadow War With Self-Driving Cars (Pirate Wires)
Facebook Bowed to White House Pressure, Removed Covid Posts (WSJ)
Why is no one talking about huge “Twist” in US Economy?
A forensic accountant and U.S. Pentagon consultant says this should be the biggest story in America today, but it's receiving almost no coverage: A huge new economic development could make many Americans vastly wealthier and alter the course of the 2024 presidential elections.
Thunderclap Research is a professional investment research firm focused on understanding and profiting from market anomalies.
We take both a quantitative and qualitative approach to research and focus extensively on strategies for established money managers and everyday retail investors.
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