It Girl Identity Newsletter

Grab your iced latte and read what’s moving markets this week, how to successfully start investing today, and see our it girl recommendations! 

What's Moving Markets

What’s Up:

• Adobe (ADBE): Jumped 14.51% after beating analyst expectations in earnings.

• Shopify (SHOP): Up 4.59% after an analyst upgrade to "outperform."

• Hasbro (HAS): Rose 6% following a "buy" upgrade from Bank of America due to its digital gaming strategy.

What’s Down:

• Carnival (CCL), Norwegian Cruise Line (NCLH), Royal Caribbean (RCL): Cruise stocks dropped sharply after a Bank of America report showed weaker pricing in May. Carnival fell 7.09%, Norwegian Cruise Line 7.43%, and Royal Caribbean 4.35%.

• RH (RH): Decreased 17% after reporting a bigger loss than expected.

• Stellantis (STLA): Dropped 4.08% after the CEO announced cost-cutting to compete with Chinese EV makers.

• Penn Entertainment (PENN): Fell 8.66% after Boyd Gaming appointed an M&A expert, suggesting a possible acquisition. Activist investors are pushing Penn to consider a sale.

Other News:

• Nvidia (NVDA): Demand might surge if it becomes a top position in a key tech ETF, potentially leading to a $10 billion share purchase.

• U.S. Companies: Holding $4.11 trillion in cash, earning interest, showing caution despite a strong economy.

• French Stocks: Had their worst week since 2022 due to political upheaval, with a populist party possibly taking power in upcoming elections.

• Cava (CAVA): Each restaurant valued at $33 million after a strong first year as a public company.

• S&P 500 Index Funds: Experienced their largest outflows ever last week, despite recent gains.

This Week's Major U.S. Economic Reports & Fed Speakers

• U.S. Retail Sales (June 18): Tracks the total receipts of retail stores, excluding autos.  

• Home Builder Confidence Index (June 19): Measures the confidence of home builders in the market for newly built single-family homes.  

• Initial Jobless Claims (June 20): The number of people filing for unemployment benefits for the first time.

How to Successfully Invest

1. Open an Individual Brokerage Account:

   • Recommended Places: Fidelity Investments, Charles Schwab, SoFi Bank (Fidelity is great for its Free TraderPro Dashboard, offering in-depth stock data).

2. List Your Top 3 Financial Goals:

   • Example Goals: Pay off college debt, own a house, afford a luxury item.

   • Be realistic about time needed and total amount required for each goal.

3. Don't Know What to Invest In? We Can Help:

   • Invest in what you use, e.g., Amazon (AMZN), Apple (AAPL), Lululemon (LULU) are great starting options.

   • Consider indexes like Vanguard Small-Cap Index (VB), S&P 500 Index (SPY), NASDAQ Composite Index (IXIC) for diversification and stability.

4. Why Invest in Both Individual Stocks and Indexes?

   • Diversification: Spreads out risk; if one stock performs poorly, others can balance it out.

   • Stability and Growth: Index funds offer consistent growth over time.

   • Potential for High Returns: Individual stocks can provide high returns.

It Girl Recommendations

Shop Our Other Recommendations Here: health, fashion, fitness, education, beauty, and skincare...

• Corporate Outfit Ideas

• Finance Books

• Hair Care Under $20

• Sneakers Under $100

• Corporate Jewelry

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• Benable

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Financial Fashion

To wrap up, here are some office outfit ideas inspired by Ralph Lauren (RL $179.68 (−3.55%)).

RL's next earnings release is expected on August 8, 2024, with projected earnings of $2.44 per share, a 4.27% year-over-year increase. RL's next earnings release is expected on August 8, 2024, with projected earnings of $2.44 per share, a 4.27% year-over-year increase.

See you next Monday, it girls!

With Love,

It Girl Identity