Why Millennials Could Become the Wealthiest Generation in History (and How to Join the Club). Railroad bidding war for Kansas City Southern is reignited . Tyson Foods Could Gain 50% By The End Of The Year.
The Night Owl, From Early Bird Publshing.

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Your Evening Recap for Tuesday, August 10th

Equities continue to tread water near all-time highs on Tuesday. The broad market S&P 500 traded within a very tight range but did manage to set a new all-time intraday high. The market is being supported by a robust earnings season and the outlook for earnings growth but held back by increasing risk to the outlook. While the average S&P 500 company is beating its consensus estimate by a wide margin, the index is facing an earnings cliff in the form of a greatly reduced pace of growth.

The next quarter’s earnings season is the first quarter of tough comparisons versus the pandemically-boosted quarters of 2020 and poses a big risk to the market. With the Delta variant rapidly spreading, and the threat to the global supply chain growing, there is a serious risk the S&P 500 will not match their earnings expectations in the second half of the year.

Why Millennials Could Become the Wealthiest Generation in History (and How to Join the Club)


News Story

News outlets have reported that Millennials will become the wealthiest generation in history.  True, the media also tout that Millennials suffer from student loan debt, crashed right into The Great Recession, suffer from wage stagnation and a rising cost of living.  True, those born in the 1980s entered the workforce during the Great Recession and they've scurried to keep up.  But they could also become the richest, and here's why. Reason 1: Baby Boomers will pass on their wealth. Baby Boomers are set to pass on a massive $68 trillion to their children, the largest genera...

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Railroad bidding war for Kansas City Southern is reignited


Railroad bidding war for Kansas City Southern is reignited

Canadian Pacific jumped back into the bidding war for Kansas City Southern Tuesday with an increased $31 billion offer for the U.S. railroad, but its latest bid remains lower than the rival $33.6 billion offer from Canadian National that Kansas City Southern accepted back in May

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Tyson Foods Could Gain 50% By The End Of The Year


News Story

Tyson Foods (NYSE: TSN) just reported a very strong fiscal third-quarter and one that proves the value of the company. Shares are moving higher in the pre-market action on this news and concrete sign the company is undervalued.

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Stocks rise as energy companies, banks regain lost ground


Ashliegh Johnson

Stocks rose in morning trading on Wall Street Tuesday as energy companies and banks clawed back some of the ground they lost a day earlier. The S&P 500 rose 0.3% as of 10:14 a.m. Eastern. The Dow Jones Industrial Average rose 142 points, or 0.4%, to 35,244 and the Nasdaq rose 0.1%. Oil prices pulled up after sliding most of the last week and into Monday. U.S. benchmark crude oil rose 3.2% and helped lift energy stocks. Exxon Mobil rose 1.1%. Bond yields edged higher and nudged banks higher. Banks benefit from higher yields allowing them to charge more interest on loans.

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What Is WallStreetBets and What Stocks Are They Targeting?


News Story

The subreddit community r/wallstreetbets is being at the very least disruptive to conventional ideas of investing. This is a group of committed traders who identify stocks that they believe carry a high short selling risk.

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There's a new type of "retirement calculator" that's changing the way thousands of Americans invest. Employees at some of the richest money management firms on the planet are using this calculator, including big Wall Street banks like Bank of America, US Bank, Wells Fargo, Wachovia, Morgan Stanley, and UBS. It has been featured on Fox News, CNBC and Fox Business.

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Robinhood to buy shareholder-communications company Say


Vladimir Tenev

Robinhood, the trading app that's brought millions of new investors to the stock market, is buying a company that helps people communicate with the businesses whose shares they buy. Robinhood Markets said Tuesday that it agreed to buy Say Technologies for about $140 million in cash. Say helps publicly traded companies hear what questions their investors want answered, and it helps investors vote at companies' annual meetings on everything from whether the CEO is overpaid to who should sit on the board of directors. “We share a common goal of eliminating the barrie...

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3 Crypto Stocks for Bitcoin Bulls to Buy Now


News Story

These companies offer an attractive way to gain exposure to cryptocurrencies through equities and could be poised for strong outperformance in the coming weeks. That’s why we’ve put together a quick list of 3 crypto stocks for bitcoin bulls to buy now

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Canadian faces spy ruling as Huawei decision looms


Canadian faces spy ruling as Huawei decision looms

A Canadian entrepreneur who was charged with spying after his government arrested an executive of Chinese tech giant Huawei faces a possible verdict as Beijing steps up pressure on Canada ahead of a court ruling on whether to hand over the executive to face U.S. criminal charges

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The Night Owl is an evening newsletter published by The Early Bird and powered by MarketBeat. The Night Owl covers top stories on the stock market and outlook on interesting stocks. If you give a hoot about the market, read your copy every Tuesday, Thursday, and Sunday evening.

The Night Owl, From Early Bird Publshing.

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