Good afternoon everyone. In case you missed it, here's what happened in the markets this week. To recap, in the last 12 months the stock market has made it through interest rate hikes, government shutdowns, an ongoing trade dispute with China, and now an antitrust investigation into U.S. technology companies. And the S&P 500 is still up over 3%. This is the Jackie Joyner-Kersee of stock markets.
The companies in the cross hairs of this antitrust investigation are Facebook, Apple, Amazon, and Google. While it could take years, if ever, for action to be brought against these companies, this news created a noticeable impact on the Nasdaq this week.
On the surface an increase in regulation and a break up of the four largest tech companies seems like a bad thing, but Barron’s has an article on why this could actually be good for investors. It’s definitely worth a read: Breaking Up Big Tech Could Actually Be Good for Investors. Here’s Why.
There’s something amiss at company’s like Apple, but it might not be what you or the Department of Justice think. This week Apple unveiled it’s newest line of products at its annual developer conference. The company, maker of the iPod, iPhone, and iPad unveiled it’s newest product this week: the $999 monitor stand. In an effort to increase revenue Apple CEO Tim Cook has taken a page out of the quick service oil change playbook.The way it works is you pay $4,999 for the monitor, and then an additional $999 for the stand. However, as one Twitter user pointed out, you could always display it in your home as a work of art.
In an effort to increase revenue Apple CEO Tim Cook has taken a page out of the quick service oil change playbook.The way it works is you pay $4,999 for the monitor, and then an additional $999 for the stand. However, as one Twitter user pointed out, you could always display it in your home as a work of art.
Is the world officially moving Beyond Meat? The company’s stock price is up a whopping 300% since it’s IPO debuted earlier this year. Increasing concerns among consumers over health and climate change seem to be the culprits. The trend towards meatless meat falls in line with another trend we are seeing; millennials saving less because they think climate change will have catastrophic effects by the time they reach retirement.
This, in turn, falls in line with another trend we’re seeing; young people becoming increasingly depressed about the future.
The latest and greatest in the world of College. Standford removed home equity value from their financial aid calculation. While most schools do not consider the equity in your home to be an available asset for college, around 400 schools do. Most of these are private schools. And up until recently Stanford was one of them. Now the school joins the ranks of Harvard and MIT in deciding to remove this hurdle from their financial aid application. This is a huge boost to middle class families attempting to send a child to one of these schools.
The College Board, who administers the SAT, has officially added a diversity score to their calculation. While they have made it clear that race does not factor in to this score, certain socioeconomic conditions will. Jeremy Singer, President of the College Board had this to say on the topic, “an SAT score of 1400 in East L.A. is not the same as a 1400 in Greenwich, Connecticut. And so, if we can get environmental factors that the student could have overcome or thrived on, and take into context, that will help them.” The score, already used by 50 colleges, will be expanded to 150 more colleges this year. And, will be available to all colleges by 2020.
Read: New SAT Score: Diversity
Not sure which test is right for you? The Princeton Review has a great breakdown of the differences between the SAT and ACT that can be found here.
Have a great weekend everyone. We’ll see you next week!
*These are the general views of Stanton Burns and they should not be construed as investment advice for any individual. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Stanton Burns does not maintain positions in any securities mentioned as of the writing of this article. Past performance is historical and does not guarantee future results.