Skip to main content
Uh oh, Temu
To:Brew Readers
Brew Markets // Morning Brew // Update
Luxury watch resales are falling hard...
August 26, 2024 View Online | Sign Up | Shop

Brew Markets

Stocks.News

Good afternoon and Happy Monday. There has been a surge in new readers to this newsletter over the past few weeks. First of all, welcome! We’re so glad to have you. Second of all: Who are you? We’d love to know more about you so our content and ads can be as relevant as possible to your interests.

So, instead of asking you to wear name tags, we’d be grateful if you filled out this survey, which will help us better understand your background. In exchange for your time, we will randomly select a reader who completes the survey to win a $250 Amex gift card.

Have a great rest of your day and get surveying.

—Lucy Brewster & Neal Freyman


MARKETS

Nasdaq

$--

S&P

$--

Dow

$--

10-Year

--%

Bitcoin

$--

Oil

$--

Data is provided by

*Stock data as of market close. Here's what these numbers mean.

 

PRESENTED BY STOCKS.NEWS

It’s a numbers game

Stocks.News

At this point, market data is virtually more precious than gold itself. But here’s the kicker: The information gap between everyday folks and Wall Street continues to be the bane of most investors' existence.

Enter Stocks.News. They equip investors with a tool belt that rivals the most sophisticated minds in the markets.

Actually, scratch that. Stocks.News gives its audience way more than just a tool belt. They offer a full-blown financial ecosystem filled with detailed stock analysis, analyst forecasts, and a plethora of complimentary fundamental and technical analysis metrics.

If you've been looking to add some top-notch smarts to your market forecasts and get ahead of the next major catalyst event, let Stocks.News be your go-to.

Get the scoop.

FACTS

Stat of the day: Defense stocks are roaring

A tank with an arrow pointing up and a US flag Francis Scialabba

A world in turmoil = a cash bonanza for military contractors.

The Financial Times provided some startling statistics about the record sums flowing into the defense sector, primarily due to Western countries bulking up their militaries in response to the war in Ukraine.

  • The top 15 global defense contractors are projected to log free cash flow of $52 billion in 2026, nearly double that amount at the end of 2021.
  • The US’ five biggest defense companies have been allocated almost $13 billion for weapons production in recent aid bills.
  • The Euro Stoxx Aerospace and Defense index has roughly doubled since Russia invaded Ukraine in 2022. In the US, both Lockheed Martin and General Dynamics have jumped at least 35% in the same time span.

Looking ahead…what are companies going to do with all this cash? Unless you’re Warren Buffett, it’s not something you want to keep on your balance sheet. Analysts expect defense contractors to boost dividends and share buybacks, or explore M&A.

STOCKS

The biggest winners and losers on the stock market today

🟢 What’s up

  • Kroger gained TK% as the antitrust trial began over its plan to merge with rival Albertsons in a $25 billion deal.
  • XPeng ADRs (American Depositary Receipts) spiked TK% on news that the Chinese EV maker’s CEO bought more than 2 million of the company’s shares. Those ADRs are still down nearly 50% this year. Here’s what an ADR is, by the way.

What’s down

  • Nvidia (-TK%), Super Micro Computer (-TK%), and Broadcom (-TK%) stunk up the joint today. Investors are biting their nails ahead of Nvidia’s earnings report on Wednesday.
  • Uber dropped TK% on a day it was hit with a record $324 million fine by the Dutch data protection regulator for violating EU personal data rules.
  • Intel plopped TK% after CNBC reported on Friday that the chipmaker has hired advisors to help defend the castle against activist investors.

TOGETHER WITH STOCKS.NEWS

Stocks.News

Hot off the press. Incoming: your new go-to site for all things finance. We’re talkin’ about Stocks.News, of course. They offer tons of detailed stock analysis, expertly curated analyst forecasts, and complimentary fundamental and technical analysis metrics—all served to you on a silver platter. See for yourself.

NEWS

What's going on in financial markets today
  • Telegram-linked cryptocurrency Toncoin lost 20% of its value after Telegram’s CEO Pavel Durov was arrested in France.
  • Apple’s iPhone event has a date: Sept. 9.
  • Elliott increased its stake in Southwest Airlines to 9.7%, close to the threshold where the activist investment firm can call for a special shareholder meeting to revamp the airline’s board.
  • IBM is shutting down its R&D operations in China. It’s the latest in a string of US tech firms to abandon ship in the country due to heightened geopolitical tensions.
  • Canada is slapping a 100% tariff on Chinese EVs—similar to the US—to combat what PM Justin Trudeau called their “unfair advantage in the global marketplace.”
  • Increased sausage demand could be worrying signal on the economy.” Okay, CNBC.

CALENDAR

Consumer confidence on tap

What is happening in the world of finance tomorrow

This is your doctor calling, and you, the American consumer, are due for a checkup.

Tomorrow, the Conference Board will release its monthly index of consumer confidence, which takes the pulse of American shoppers. It’ll be a closely watched number as companies offer mixed signals over the strength of consumer spending, which drives 70% of the US economy.

Consumers are expected to have been pretty confident in August. The reading is projected to tick up to 101.8 from 100.3 in July—and any score over 90 indicates a healthy economy.

We’ll also be paying attention to how many respondents say they plan on purchasing a home now that mortgage rates have cooled slightly. That number fell to a 12-year low in July.

SHARE THE BREW

Share Brew Markets with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag.

We’re saying we’ll give you free stuff and more friends if you share a link. One link.

Your referral count: 2

Click to Share

Or copy & paste your referral link to others:
morningbrew.com/brew-markets/r/?kid=9ec4d467

   
ADVERTISE // CAREERS // SHOP // FAQ

Update your email preferences or unsubscribe here.
View our privacy policy here.

Copyright © 2024 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

Making sense of market moves

Stay up to date on the latest market news with daily analysis of the investing landscape, served up Brew-style.

By subscribing, you accept our Terms & Privacy Policy.

A mobile phone scrolling a newsletter issue of Brew Markets