Featured Author, Invest 101

US stock quick picks – Aug 15

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Trends to Watch

Beautiful: Warren Buffett’s Berkshire Hathaway Takes Ulta Beauty Stake, Sending Shares Up (Wall Street Journal)
Ready for September: Stocks Rise as CPI ‘Checks The Box’ for Fed Cuts: Markets Wrap (Bloomberg)
Winning Bet: DraftKings abandons plan for betting surcharge after FanDuel doesn’t follow suit (Axios)
Bitcoin Support: Morgan Stanley discloses $188M in BlackRock Bitcoin ETF holdings (Cointelegraph)
Leadership Change: Victoria’s Secret Names Hillary Super CEO, Hiring Savage x Fenty Exec (Women’s Wear Daily)

 

Stock Market News

Consumer prices rose 0.2% in July, in line with expectations – CNBC
Activist Elliott will launch proxy fight at Southwest Airlines, to nominate as many as 10 directors – CNBC
Victoria’s Secret Stock Pops After Tapping Savage X Fenty CEO for Top Role – Investopedia
Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts – CNBC
Cisco reports better-than-expected results and issues optimistic forecast – CNBC
Chinese tech giant Tencent’s quarterly profit jumps 82% as key gaming unit accelerates – CNBC
Shares of Trump’s media firm near record low following his return to X – Reuters
Berkshire reveals stakes in Ulta Beauty, Heico as it retreats from Apple – Reuters