Fed’s Bowman says more U.S. rate hikes likely will be needed

https://www.cnbc.com/2023/08/05/feds-bowman-says-more-us-rate-hikes-likely-will-be-needed.html

The U.S. Federal Reserve will likely need to raise interest rates further to bring down inflation, Governor Michelle Bowman said on Saturday. Bowman said she supported the Fed’s quarter-point increase in interest rates last month, given still-high inflati

WSJ: Pfizer’s Covid Boost Crashes to Earth. "Shares are down 31% YTD, a loss of more than $88 billion in market capitalization"

The pandemic showered Pfizer with record sales. Now the end of the crisis is dragging the drugmaker down.

Its Covid-19 vaccine and drug powered Pfizer to more than $100 billion in sales last year, the first drugmaker to break the barrier. Shares soared, as Wall Street hailed the company for its savvy, fast and ultimately lucrative pivot to taking on the virus.

But many people have moved on from the pandemic. Sales from the two products dropped so m

Tyson Foods’ stock slides 6% after company swings to a quarterly loss

The company TSN, -7.65% had a net loss of $417 million, or $1.18 a share, for the quarter to July 1, after earnings of $750 million, or $2.07 a share, in the year-ago period. Excluding one-time items, the company’s adjusted per-share earnings came to 15 cents, below the 26-cent FactSet consensus.

Sales fell 3% to $13.140 billion from $13.495 billion a year ago, also below the $13.627 billion FactSet consensus.

The company announced the closure of f

ENPH - What caused it to spike to $336 and what caused it to drop to now $136?

Enphase started at $30 rolling into 2020 and by December 2022, it was at $336. Months later, it's down to $136.

As a beginner, can someone who follows this stock explain how this happened? Also, does it make this stock a must buy at the moment at its current price if you believe in long term green energy. If not, do you have any other recommendations for long term green energy?

Also looking for a suggestion for a

Does anyone think AAPL is a buy now?

AAPL is down nearly 10% in the past week - that is quite unprecedented for a mega cap like AAPL.

I have always regretted not picking up more during the back half of ‘22 back at $130-140, what do you think about AAPL at $180?

Edit: plenty have pointed out that this is a yearly event, and not unprecedented. Message received.

submitted by /u/maximalsimplicity
Tesla CFO Zach Kirkhorn steps down

Source: https://www.cnbc.com/2023/08/07/tesla-cfo-zach-kirkhorn-steps-down.html

Tesla ’s chief financial officer, Zach Kirkhorn, stepped down from his position, effective Aug. 4, the automaker announced Monday morning in a regulatory filing. Tesla’s chief accounting officer Vaibhav Taneja was appointed as the new CFO and will hold both roles concurrently.

Shares o

r/Stocks Daily Discussion Monday - Aug 07, 2023

These daily discussions run from Monday to Friday including during our themed posts.

Some helpful links:

What is the minimum Net Worth needed to invest in big VC funds like Sequioa Capital?

Does anyone know how much capital you need to invest in big VC funds?

I was wondering specifically about Sequouia Capital.

What is the minimum investment required to join?

Also, when investing through Sequioa do you have to get a pro rata share of their entire portfolio or can you pick and choose what investments you like and don't like within their portfolio?

submitted by
SHOP - Shopify Stock

Hi, I am relatively new to stocks so if this is a silly question I apologise. Mr Beast just did a paid promotion with Shopify in his latest video titled 7 Days Stranded At Sea. Would this increase demand for the stock?

submitted by /u/LucBunz
[link]
Why Berkshire always reports earnings on the weekend

Buffett explained this by saying "Media reports sometimes highlight figures that unnecessarily frighten or encourage many readers or viewers. We will attempt to alleviate this problem by continuing our practice of publishing financial reports late on Friday, well after the markets close, or early on Saturday morning,” Buffett said in a 2018 letter to shareholders.

“That will allow you maximum time for analysis and give investment professionals the op


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