Pay attention on this slow summer Friday, investors.
Jerome Powell, The Enforcer
It’s showtime for Federal Reserve chairman Jerome Powell as he will take center stage at Jackson Hole. He could use the spotlight to slap down President Trump and exuberant markets.
Don’t think markets are exuberant? Check out Trump’s tweet early on Friday:
“Target CEO raves about the Economy. “This is the best consumer environment I’ve seen in my career.” A big statement from a top executive. But virtually everybody is saying this, & when our Trade Deals are made, & cost cutting done, you haven’t seen anything yet!” Not a bad way for Target TGT CEO Brian Cornell to start the day…
Give PayPal a Second Look
PayPal PYPL shares have dropped about 4% over the past month on fears of slowing growth. But RW Baird tech analyst Colin Sebastian says Venmo could be a billion dollar business by 2021.
That should excite investors, no?
What TheStreet Is Up To
Another big week just about in the books for TheStreet’s newsroom. If you are interested in autonomous driving — and names like Intel INTC and Nvidia NVDA powering the industry — give this piece by our @BretKenwell a read.
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