Cannabis an ‘increasingly bipartisan’ issue as Trump signals support: analyst
Alliance Global Partners’ Aaron Grey sees Donald Trump’s weekend statement supporting cannabis as a “step forward.” Source link...
MARKET
Stock market may see a 7%-10% pullback over next 2 months, says Fundstrat’s Tom Lee
Fundstrat’s Tom Lee said he thinks U.S. stocks will experience a 7% to 10% drawdown over the next two months — a ‘buy the dip’ opportunity for investors. Source link...
Jobs report regains ‘crown’ as most important data for stocks, BofA chart shows
Futures contracts for the S&P 500 have become more sensitive to U.S. jobs reports than inflation readings, according to BofA Global Research. Source link...
U.S. manufacturers still mired in slump. Fed rate cuts to help, ISM says, but only after the election.
A key barometer of U.S. factories was negative for the fifth straight month, signaling the manufacturing side of the economy is still in a deep slump that might not end until after the presidential election. Source link...
Nvidia’s stock hurt by ‘high class problem,’ but these analysts say keep buying
Nvidia’s gross margins could fall due to a rapid product cadence, but demand remains robust. Source link...
Transocean to book charge of over $600 million for sale of two deepwater assets
Transocean’s stock headed lower in early Tuesday trading, after the oil services company said it expects to book impairment charges of more than $600 million for the sale of assets. Source link...
JPMorgan cut to hold from buy, as Wells Fargo, Bank of America get buy ratings
Deutsche Bank analyst Matt O’Connor sees little upside for JPM after stock’s 32% YTD rise. Source link...
Nio’s, Li Auto’s stocks fall as August deliveries decrease from the month prior
Shares of both Nio Inc. and Li Auto Inc. looked to open lower Tuesday after the China-based electric-vehicle makers reported August deliveries that rose from a year ago but fell from the prior month. Source link...
Nvidia’s earnings reveal weak spots and leave openings for its fiercest rivals
Delay with Nvidia’s new Blackwell chip gives AMD and others an advantage. Source link...
The market is getting less efficient. Copy this strategy from the ‘apes,’ says a veteran fund manager
Don’t despair, but ape this strategy from meme-stock investors, says Clifford Asness. Source link...
