Great job yesterday, everyone! Our alert play win was a fantastic way to end the week strong. As we always say, it only takes one solid trade each week to reach your financial goals. Remember, just a 20% win each week can help you easily reach the $200-a-week target. Stay consistent, stay focused, and you’re well on your way to hitting that $400,000 goal for the challenge!
Market Updates and What to Watch
1. PCE Price Index Looms Large
Investors are closely watching the Fed’s next move on interest rates, with the Personal Consumption Expenditures (PCE) price index data set to release later today. This is the Federal Reserve’s preferred inflation gauge, and it’s expected to show a slight uptick in inflation for July. An increase of 0.2% month-over-month, with an annual rise of 2.6%, is anticipated.
At the recent Jackson Hole symposium, Fed Chair Jerome Powell indicated that it might be time to adjust policy, which has led the markets to expect a rate cut at next month’s meeting. However, strong economic data and persistent inflation could complicate these expectations.
2. Futures Rise Ahead of Key Data
U.S. stock futures are trending upward today, signaling a positive end to a volatile week as investors await the PCE data. The S&P 500 and Dow Jones are both on track to close August with gains, while the Nasdaq Composite is slightly down for the month.
In corporate news, Dell Technologies (NYSE
) is gaining premarket after raising its annual forecasts. Meanwhile, Ulta Beauty (NASDAQ
) is down following a cut in its sales and profit projections, and Lululemon Athletica (NASDAQ
) is up despite lowering its outlook, thanks to strong earnings.
3. Intel Considers Restructuring
Intel (NASDAQ
) is in talks to potentially split off its foundry business and halt plans for new factories amid a slowdown in the semiconductor market. This move comes after the company recently suspended its dividend and cut about 15% of its workforce. Intel is exploring these options to streamline its operations and remain competitive in a challenging market environment.
4. Dell Raises Annual Forecasts
Dell Technologies (NYSE
) raised its revenue and profit forecasts for the year, driven by strong demand for its AI-optimized servers. The tech giant’s revenue for the second quarter beat expectations, and its stock is up premarket in response. This positive momentum is a sign that demand for AI technology continues to be a significant growth driver.
5. Crude Oil Prices Gain on Supply Concerns
Crude prices are up today, supported by ongoing supply concerns in Libya, where political turmoil has significantly disrupted oil production. However, fears of slowing demand in both the U.S. and China have capped these gains. With the summer travel season winding down, there is concern that demand may further weaken in the coming months.
Keep Building Your Skills and Stay Engaged!
As always, keep leveraging the resources and support available to you here at OptionsPlayers. Remember, consistent small wins can lead to big gains over time. If you’re serious about making $200 a week, which adds up to $400,000 over 10 years, stick to the plan, use the strategies we discuss, and take advantage of every opportunity.
Want help to make this happen? Reach out anytime! Our team is here to support you in reaching your financial goals. Keep an eye out for today’s upgrades and downgrades, and let’s make the next move count!
See you all in the chat, and congrats again on the win!
— Steve
Contact: steve@optionsplayers.com
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