Artificial Intelligence (AI) Hype and a Weak Jobs Report: Here Are the Companies That Can Weather the Sell-Off Storm
Volatility is back.
Investors began August falling off a cliff due to a combination of weak economic data, including higher unemployment and the unwinding of the carry trade when the Bank of Japan raised interest rates on the yen. Concerns that the AI boom could be fading also weighed on tech stocks.
The S 500 lost 6% in the first three sessions, while the Nasdaq Composite gave up 8%. However, both indexes rapidly recovered their losses as better economic data came in, and strong earnings reports from bellwethers like helped reassure investors. As of Aug. 16, the S 500 and Nasdaq are both up slightly for the month now.
Source Fool.com
Walmart Inc. Stock
€69.87
1.450%
The stock is an absolute favorite of our community with 93 Buy predictions and no Sell predictions.
With a target price of 74 € there is a slightly positive potential of 5.91% for Walmart Inc. compared to the current price of 69.87 €.
