August jobs report, Consumer confidence: What to know this week
New data on the U.S. labor market will be in focus this week, offering an updated look at how economic activity has been impacted as the spread of the Delta variant ramped up in the U.S. over the summer.The Labor Department's August jobs report will be the marquee economic report out this week. Consensus economists expect to see that a still-robust 750,000 jobs came back in August, according to Bloomberg data. This would represent a significant print by pre-pandemic standards, but still mark a d
This Unloved Tech Stock Could Make You Rich One Day
The iBuying business is a race to grow larger, and Opendoor is winning.The company is growing at a rate that is two years ahead of what management projected just a year earlier.The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.Real estate iBuying company Opendoor Technologieshas been executing at a high level in the three quarters since coming public via a special purpose acquisition company merger. In a race to disrupt residential
Nvidia Is Too Far Ahead of Competitors AMD and Intel
NVDA stock is diverging from its fundamental merit. Today’s note may come across as bearish toward Nvidia. In reality it is not, because my only concern is with the shorter-term price action. The company is on rails, and so is NVDA stock. But it doesn’t trade in a vacuum, so we have to consider the big picture.At these altitudes, it is vulnerable to sharp drops, and those could come from extrinsic reasons. With that in mind, let’s move on to evaluating what is going right now. Let’s also take a