Market Update Newsletter 8/31/23

Markets are on track for a 5 day winning streak after yesterdays close. helped mostly by tech, the market is in a "Bad News is Good News" scenario. Signs that the economy is slowing are welcome by investors because that means that Fed needs to stop raising interest rates.

Stocks I am Watching

Salesforce (CRM) gains over 9% on earnings beat, receives a slew of PT raises.

Chewy (CHWY) gets a reality check with major PT reductions. People are looking at their subscriptions and are in need of some Value.

Okta (OKTA) gets several PT raises. This story is supported by the AI hey.

Veeva (VEEV) gets a bunch of PT raises.

Happy Investing!