My top 10 things to watch Monday, August 19 1. Wall Street is headed for a muted open Monday after S & P 500 registered its best week of the year. The economic calendar is light this week. The Federal Reserve's annual economic conference in Jackson Hole on Friday is all anyone is going talk about. 2. Club name Advanced Micro Devices announced a $4.9 billion cash-and-stock acquisition of server maker ZT Systems.
Analysts deep-dived the iPhone maker's AI strategy and said they are largely positive on it, but believe the stock's current valuation is factoring that in already. I'm a believer that Apple's AI initiatives will spark a significant iPhone upgrade cycle. Apple has long been an "own it, don't trade it" stock in my eyes. 9.
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