🚨 Your Morning Brew, With @MoneyMitchBZ
1️⃣ Growth Pull Back In PreMarket 📉: Some growth stocks experience a pullback, indicating a potential opportunity in the stock market.
#GrowthStocks #PullbackOpportunity
2️⃣ Highlights From FOMC Jerome Powell 💼: Fed Chairman Powell mentions a possibility of rate cuts in the future if inflation decreases significantly.
#FOMC #RateCuts
3️⃣ Federal Reserve's Rate Hike Probability 🔢: There's a 61.5% chance of a quarter-point rate hike at the upcoming Federal Reserve meeting.
#RateHike #FederalReserve
4️⃣ Target Raises Dividend 💰: Target increases its dividend by 1.9% to $1.10.
#DividendIncrease #Target
5️⃣ Lennar Beats & Raises Guidance 📈: Lennar surpasses earnings estimates, with Q2 adjusted EPS of $2.94 and boosts its home deliveries forecast.
#Lennar #EarningsSurprise
6️⃣ Revisions To S&P 500 Outlooks From Banks 📊: Banks revise their year-end forecasts for the S&P 500, suggesting a potential catch-up in the market.
#S&P500
#MarketForecasts
7️⃣ MicroVision Pulls Proposed Offering & Catches A Spike Up ⬆️: MicroVision withdraws its public offering, leading to a 31% premarket surge in stock prices.
#MicroVision #StockSurge
Bonus: SOFI Gets Downgrade By Outperform to Perform 📉: Oppenheimer analyst downgrades SoFi Techs from Outperform to Perform.
#SOFI #StockDowngrade
Extra: AutoZone Additional $2B Stock Repurchase 💸: AutoZone authorizes an additional $2.0 billion stock repurchase.
#AutoZone #StockRepurchase
$SOFI $AFRM $CVNA $TGT $LEN $MVIS $QQQ $TSLA