Jackson Hole 2024 Stock Impact

And, Canadian National's lockout note.

August 19, 2024

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Today is Monday, August 19, 2024.

The Early Bird Index today is 71.63.

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PRESENTED BY CLICKPROFIT

How to Own a Slice of The Fastest Growing Industry… E-commerce

“It doesn't matter how hard you row, it matters which boat you get in.” - Warren Buffet

Warren Buffet understands that choosing a market is the most important decision when picking an investment vehicle. The bigger the boat (aka the market), the easier it will be to grow your business.

Details: The e-commerce industry will produce $1.2 trillion in 2024 alone, according to Statista. Five years from now, the annual e-commerce market is expected to grow from $1.2 trillion to $1.88 trillion. 

Bigger Picture: The market is growing faster than ever because big companies such as Amazon and Walmart make it easier to purchase products. Due to these marketplaces wanting as many sellers as possible, the barrier of entry to join the e-commerce space is very low, resulting in intense competition. 

Yes, But: if you don’t have the proper strategy, you will get burned by wholesalers, manufacturers, and warehouses.

Solution: Partner with ClickProfit.io, the leading e-commerce done-for-you agency to build, manage and scale your very own e-commerce portfolio.

Jackson Hole 2024 Stock Impact

Investors will gain some clarity about the U.S. Federal Reserve’s future interest rate plans with the Jackson Hole Symposium this week.

Details: The Jackson Hole Symposium is an annual central bank leaders conference. It is held every August.

Background: This year’s gathering occurs about a month before the Fed announces its interest rate decision in September, which may include rate cuts.

Early Bird’s Nest Egg Gains: The Jackson Hole Economic Symposium can significantly impact the stock market, particularly in the short term.

  • Markets often react quickly to the tone and content of speeches, particularly if they signal unexpected policy changes. In 2022, Fed Chair Jerome Powell's hawkish stance on inflation led to a 3.03% drop in the Dow Jones Industrial Average (1,008 points) on the day of his speech.

  • The days leading up to and during the symposium often see increased market volatility as investors anticipate and react to statements from key economic figures.

  • The symposium provides insights into potential future monetary policies, which can influence investor sentiment and market trends.

Final Thoughts: Fed Chair Jerome Powell will speak from Jackson Hole on Friday.

Notables

Notable Earnings Today: Palo Alto Networks (Nasdaq: PANW), Estee Lauder (NYSE: EL), Fabrinet (NYSE: FN), ZIM Integrated Shipping Services (NYSE: ZIM), Agora (Nasdaq: API), American Resources (Nasdaq: AREX), Bit Digital (Nasdsaq: BTBT), Flexsteel Industries (Nasdaq: FLXS), Fluent (Nasdaq: FLNT), Freightos (Nasdaq: CRGO), Hesai Group (Nasdaq: HSAI).

Notable IPOs Today: Black Spade Acquisition II Co Unit (Nasdaq: BSIIU).

Notable Equity Crowdfunding Campaigns Ending Today: Reitar Logtech Holdings Limited Ordinary shares (StartEngine), Citizen Portal (StartEngine), Stellaris (StartEngine).

Notable Economic Events Today: US Leading Index (10:00 a.m. ET).

Canadian National's Lockout Note

Canadian National Railway (NYSE: CNI) notified the Teamsters Union on Sunday that a lockout could start on Thursday if both sides do not agree on a new deal.

Quote: “Despite negotiations over the weekend, no meaningful progress has occurred, and the parties remain very far apart.” - Canadian National Railway.

Background: Canada’s rail companies have been in negotiations with the Teamsters Union for some time. A potential work stoppage could disrupt the supply chain in Canada and the United States.

Final Thoughts: Canadian National Railway’s stock is down nearly 10% this year.

Toncoin Continues August Push

The price of the cryptocurrency Toncoin jumped 7% on Sunday and is up 11% in the last 7 days.

Details: Toncoin is up due to positive price predictions, a bullish market sentiment, and a recent upward trend. And getting Toncoin a recent listing on the platform Binance also helps.

Final Thoughts: Despite the recent uptick, Toncoin has been down in the last 30 days.

Value Play: Berkshire Hathaway Likes Ulta Beauty. Should You? (Wall Street Journal)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.