In the past week:
- The S&P 500 hit a new record high. Gold hit record highs and was seen by some as overbought. China unveiling an economic stimulus plan boosted stocks there.
- The inflation reading for August was lower than expected. U.S. GDP rose 3% in the second quarter.
- Concerns about a pending dock workers strike increased. OPEC boosted its long-term oil demand outlook, and Libya and Saudi Arabia hinted at production increases.
- Consumer confidence plunged in September. Yet, online holiday sales were predicted to hit a record high.
- The FTC sued pharmacy benefit managers over insulin prices, and it cracked down on deceptive AI businesses. California sued Exxon over the plastic waste crisis.
- The Justice Department filed an antitrust suit against Visa and opened a probe into Super Micro.
- Apollo mulled investing billions of dollars in Intel, while Qualcomm mulled acquiring Intel. Executives departed OpenAI as it goes for-profit. Nuclear power became an AI play.
- Boeing began a leadership shakeup. Southwest Airlines hinted at possible layoffs and set a $2.5 billion buyback plan.
- Costco posted mixed quarterly results. Trump Media cofounders dumped the stock. The FDA approved a new schizophrenia treatment.
Leon Cooperman has a long, storied career on Wall Street and was able to consistently generate market-beating returns for nearly three decades. He is focused today on Energy Transfer L.P. (NYSE: ET) and two other stocks.
Michael Dell, founder of Dell Technologies and operator of an investment advisory firm, has his own personal investments focused on Life Time Group Holdings Inc. (NYSE: LTH) and two other stocks.
AT&T Inc. (NYSE: T), Regions Financial Corp. (NYSE: RF), and other high-yield dividend stocks trading at $25 or less can be added to growth and income investors’ portfolios to provide dependable income streams.
The trust that manages the investments of the Bill & Melinda Gates Foundation has a portfolio concentrated in Microsoft Corp. (NASDAQ: MSFT) and a couple of other stocks.
Advanced Micro Devices Inc. (NASDAQ: AMD) and Micron Technology Inc. (NASDAQ: MU) are two bruised semiconductor stocks that recently received financial guru Jim Cramer’s stamp of approval.
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