Today is Monday, August 15, 2022.

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Why Stocks Analysts Usually Win

There’s a big difference in the way that top analysts and average traders invest right now, according to Covey CEO and Founder Brooker Belcourt in a new episode of the Early Bird podcast.

Analysts’ Favorites: Today’s top analysts favor high-growth names that have been battered this year, including some technology stocks, according to Belcourt.

Avoid: Belcourt said that top analysts are now staying away from cryptocurrency and energy stocks. Average traders currently like those two investments.

Same Page: As for areas where analysts and average traders are aligned, Belcourt said they both like gold and U.S. treasuries.

Final Thoughts: What advice does Belcourt offer average investors? Find out by listening to a new episode of the Early Bird podcast.

Notables

Notable Earnings Today: Ginkgo Bioworks Holdings (NYSE: DNA), Niu Technologies (Nasdaq: NIU), ZipRecruiter (NYSE: ZIP), Agrify (Nasdaq: AGFY), Ammo (Nasdaq: POWW), Clear Secure (NYSE: YOU), Tencent Music (NYSE: TME), Weber (NYSE: WEBR), Compass (NYSE: COMP), Bitfarms (Nasdaq: BITF), Shoals Technologies Group (Nasdaq: SHLS), DouYu International Holdings (Nasdaq: DOYU), Fluence Energy (Nasdaq: FLNC), IM Cannabis (Nasdaq: IMCC), Fabrinet (NYSE: FN), GreenPower Motor Company (Nasdaq: GP), Albireo Pharma (Nasdaq: ALBO), Uphealth (NYSE:m UPH), Greenidge Generation Holdings (Nasdaq: GREE), Blend Labs (NYSE: BLND), ThredUP (Nasdaq: TDUP), World Wrestling Entertainment (NYSE: WWE).

Notable IPOs Today: N/A.

Notable Equity Crowdfunding Campaigns Ending Today: Cabinet Health (Republic), Straw Hut Media (MicroVentures), Block Forms (MicroVentures), Drink LMNT (Republic), Gurucan (Republic).

Notable Economic Events Today: NY Empire State Manufacturing Index (8:30 a.m. ET).

Saudi Aramco Grows Income by 90%

Photo by Waldemar Brandt / Unsplash

Net income for Saudi Aramco (TADAWUL: 2222) is up 90%, the oil giant announced Sunday.

Financials: Saudi Aramco also said that it has achieved a free cash flow of $34.6 billion and a net income of $48.4 billion.

Quote: “We expect oil demand to continue to grow for the rest of the decade, despite downward economic pressures on short-term global forecasts.” - Aramco President & CEO Amin H. Nasser.

Big Output: Following a brief outage last week in the Gulf of Mexico, Reuters reports that Saudi Aramco wants to ramp up output.

Final Thoughts: Shares of Saudi Aramco are up 25% this year as the energy sector soars.

Cardano Continues Growth

The price of the cryptocurrency Cardano grew 9% Saturday, a daily increase that surpassed most mainstream cryptos, followed by a small 2.5% drop on Sunday.

Catalyst: An upcoming technology upgrade is the main reason why Cardano is seeing a price surge recently.

Numbers: Cardano has lost about half of its value in 2022, but has been trying to make a comeback in the past month.

Background: The first half of the year was rough for crypto, with values plummeting. However, the decreases have leveled off. For example, Bitcoin is up about 20% in the past month.

Final Thoughts: Despite the recent increase, some analysts see the price of Cardano falling this week.

Trends to Watch

Other Ways to Win: Robinhood Learns to Nab Interest Income (The Wall Street Journal)

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