Wall Street Week Ahead for the trading week beginning August 7th, 2023

Good Friday evening to all of you here on r/stocks! I hope everyone on this sub made out pretty nicely in the market this past week, and are ready for the new trading week ahead. :)

Here is everything you need to know to get you ready for the trading week beginning August 7th, 2023.

S&P 500 and Nasdaq tumble for four straight days, notch worst weeks since March: Live updates -

Zuranolone FDA approval - Sage Therapeutics SAGE and Biogen BIIB

What does the next week and the next few years have in store for these 2 companies’ stocks after zuranolone FDA approval?

The Food and Drug Administration announced Friday it has approved the first oral treatment for postpartum depression. The drug, called zuranolone, is a once-a-day pill that will be branded as Zurzuvae by drugmakers Sage Therapeutics and Biogen.

I am long SAGE.

The U.S. economy added 187,000 jobs in July, fewer than expected

https://www.cnbc.com/2023/08/04/jobs-report-july-2023-187000-jobs-in-july.html

Job growth in July was less than expected, pointing to slower growth in the U.S. economy, the Labor Department reported Friday.

Nonfarm payrolls expanded by 187,000 for the month, slightly below the Dow Jones estimate for 200,000. Though the headline number was a miss, it actuall

Looking for Transfer Agent Assistance

Please forgive if this isn’t allowed. Pointing me in the right direction would be appreciated. I found an old stock certificate in a drawer of my late mother’s desk. I contacted the Transfer Agent on the certificate, and completed the documentation to transfer the stock to me. I have no idea if the certificate still has value. In any event, the certificate was returned by the Transfer Agent listed on the certificate with a note directing me to a different Transf

Warren Buffett Investments

Am I mistaken in stating that when Warren Buffett makes an investment in a company, the subsequent increase in its value may not solely be a result of any specific actions taken by the company itself? Instead, the surge in stock price might primarily stem from the influence of other investors who follow Warren Buffett's lead. His reputation as a successful and esteemed investor often prompts others to emulate his choices, leading to increased demand for the

Is it too late to start again?

I started off learning Forex trading in 2008 and didn't have money to invest so I just kept learning with demo accounts. Then in 2015 I put my money in eToro, and switched to stocks rather than Forex. I made quite a buck there with Tesla, Amazon and some other stocks until I needed to withdraw money for family use in 2020.

I haven't traded since then and due to 3 years gap in between, I feel like I have forgotten a lot. I am 32 and have no invest

ATVI / MSFT merger

Thinking about buying 500 shares banking that the deal goes thru. What are your thoughts on this? What do you think the share price of ATVI would be incase the deal fails to complete and Microsoft walks away?

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Tesla is facing a class action lawsuit after bombshell report on exaggerated driving range and “diversion team”

The lawsuit cites a Reuters investigation which found that the carmaker had exaggerated vehicles' driving range, the distance cars can travel before needing to recharge. The report cited a source familiar with an early design of Tesla software, who claimed the EV maker rigged the range-estimating software on the cars' dashboards.

The Reuters investigation also cited sources with knowledge of a secret team set up to cancel service appointments from

Atlassian ($TEAM) Q4 FY23 - Stock Surges 24%

Atlassian ($TEAM), a global leader in providing software for teamwork and collaboration, posted an impressive Q4 FY23 revenue of $939 million, up 24% YoY.

The announcement resulted in a significant stock surge from $169 at the market opening on Aug 3rd to $211, and it's now stabilized around $198.

Atlassian, co-founded by Mike Cannon-Brookes and Scott Farquhar

Hedge funds lose $6bn betting against cruise lines and hotels stocks

https://www.ft.com/content/4ed9e3ae-3608-47da-b56b-48ed82fbeddc?emailId=d0cf7942-95d1-4b5d-a27f-7280e9b49018

Hedge funds have lost more than $6bn this year betting against cruise lines and hotels after underestimating the resilience of US consumers. Cruise lines Royal Caribbean and Carnival are two of the 10 most heavily shorted compa


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