Market Update Newsletter 7/5/23

Markets closed yesterday for Independence Day and Monday the market was only open for a half day. Last week we saw the market was up slightly and Bitcoin reached $31k. Markets opened lower.

The Fed paused rate hikes but Powell already said two more hikes are in the cards this year. The economy is picking up as prices are slowly going down even while inflation is still way above the Feds target. Fed Minutes will be released today.

Stocks to Watch

Palo Alto Network (PANW) PT was raised by the Royal Bank of Canada. Still, room to run.

Constellation Brands (STZ) was lowered by Barclays, even tho Modelo is America's favorite beer. Meanwhile, Maryland has legalized recreational Marijuana. Could this be good for Canopy growth?

Happy Investing!

The Punkrock Capitalist