Q: What are some of the best and worst performing stocks of the last three years?
A: Marathon Oil, Corp., Targa Resources, Corp., Devon Energy Corp. and Occidental Petroleum Corp. are up over 400% each over the past three years. PayPal Holdings, Inc. is down by 2/3rds. Match Group, Inc. and Warner Brothers Discovery, Inc. have both declined by over 50% in the same three year period.
Q: What could investors look to for the cause of the inflation spike in August?
A: Higher fuel costs have kept inflation elevated.
Q: What has been historically a great inflation hedge for investors?
A: The Energy Infrastructure Sector.
Headline Round Up
*Oil Spikes to $90! Highest Since November 2022.
*Gone to Texas: Frontier Communications Moving from Connecticut! “Dallas is now home base for Building Gigabit America,” said Frontier’s CEO Nick Jeffery.
*Commercial Mortgage Backed Securities (CMBS) Delinquencies Rise 56% Since January 2023.
*CS Disco CEO & Co-Founder, Kiwi Camara, Got a $110 Million Package Then Suddenly Resigned Walking Away from Most of the Money?
*Earnings Per Share Estimates Rising for S&P 500 in 2023.
*Tesla Reinvents Car Design and Manufacturing Process in Austin!
*Taiwan Scolds Elon Musk for Describing the Country as China’s Hawaii.
*Elon Musk’s Lessons from Hell: 5 Commandments for Business.
*British Chip Designer ARM, PLC Raises Nearly $5 Billion in IPO on $54 Billion Valuation.
*Let’s Get Ready to Rumble! WWE and UFC Combine Leaving Audience Confused Whether It’s Real or Not?
*Caesar’s Forced to Pay Hacker’s Ransom of $15 Million! by
*Apple Shares Fizzle at iPhone 15 Launch.
*Record Yield Curve Inversion Has Flashed Recession Warning for 212 Straight Days so Far This Year.
*U.S. to Sanction 150 Entities, Including Foreign Companies & Individuals, for Transit-Country Trade with Russia.
*Uranium Shortage?
*What Really Happens in a Government Shutdown?
Mergers and Acquisitions:
*3D Systems Makes Binding Offer for Stratasys at $27 a Share.
Skid Row:
*Amateurs Pile Into 24-Hour Options Trading: ‘It’s Just Gambling.”
J.P.Morgan Asset Management – U.S. Guide to The Markets Q3 2023, pg 23 (08/31/2023)
– Courtesy of J.P.Morgan Asset Management
Dow Jones Industrial Average Index Year to Date (09/15/2021 – 09/15/2023)
– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Member Ranked Returns, Best Performing & Worst Performing (09/15/2020 – 09/15/2023)
– Courtesy of Bloomberg LP
Generic Crude Oil Futures Contract Spot Price (09/15/2021 – 09/15/2023)
– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Month over Month, Seasonally Adjusted (09/30/2021 – 08/31/2023)
– Courtesy of Bloomberg LP
J.P.Morgan Asset Management – U.S. Guide to The Markets Q3 2023, pg 8 (08/31/2023)
– Courtesy of J.P.Morgan Asset Management
ARK Innovation Exchange Traded Fund (10/31/2014 – 09/15/2023)
– Courtesy of Bloomberg LP
Proterra, Inc. (11/25/2020 – 09/15/2023)
– Courtesy of Bloomberg LP
