It's been a Jekyll and Hyde stock market since the Club's last Monthly Meeting. The S & P 500 closed at a record on July 16 — the day before our July livestream — and then started to struggle. Stocks whipsawed after July's weaker-than-expected jobs report on Aug. 2, sending the market plummeting on recession concerns that Friday. The selling continued on Monday, Aug.
Another catalyst included The Wall Street Journal report on July 19 that activist investor Elliot Management took a significant stake in the company. 2. Meta Platforms: up 14.1% The Facebook-parent can thank its stellar quarterly earnings report for a great monthly stock performance. The stock was seesawing until the July 31 release , which included beats on the top and bottom lines. Investors celebrated signs that the company's big generative artificial intelligence bets are paying off.
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