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US stock quick picks – Apple Survives Warren Buffett Scare-Aug 12

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Apple Survives Warren Buffett Scare

A week after it was reported that Warren Buffett sold about half of his Apple (Nasdaq: AAPL) shares, the stock jumped by 8%.
Final Thoughts: The stock is up about 16% this year.

Trends to Watch

Dispirited: US consumers could become discouraged without rate cuts, Bank of America CEO says (Reuters)
The Return: Bonds Are Back as a Hedge After Failing Investors for Years (Bloomberg)
Chaos: Volatility is the stock market’s new normal (Business Insider)
The New Labor Market: Suddenly, Hourly Workers Aren’t So Hard to Find (Wall Street Journal)
Not in the Clear: Wall Street strategists warn market volatility is not over yet (Yahoo! Finance)

 

Stock Market News

E.l.f Beauty sales jump 50% on gains in color cosmetics and skincare, launch of Bronzing Drops serum – CNBC
Sweetgreen Revenue Jumps as Salad Chain Adds Locations – Investopedia
Exclusive: Cisco to lay off thousands more in second job cut this year, sources say – Reuters
Activist Starboard Value Takes Stake in Starbucks – WSJ
Netflix teams up with CBS Sports to produce Christmas Day NFL games – Reuters
U.S. crude oil on pace for 4% weekly gain after stock market rebound – CNBC