Bond yields are getting closer to inverting once again! Could it be a sign of a recession to come? Yields on the 10-year have fallen below 3% as people look for safety from stocks. We also have commodity prices falling, while the economy cools in anticipation of worse things to come.
Kohl's $KSS has turned scrapped talks to be purchased for $53/share, citing concerns about the uncertainty of the economy, rate concerns, and unsecured funding on behalf of The Franchise Group.
Tesla delivery expectations for Q2 had been cut with COVID shutdowns in Shanghai, but deliveries came in strong at 254k and outlook looks better for Q3! Other legacies automakers have fallen YoY while EV makers numbers have risen significantly.
Week 28 INVESTING CHALLENGE on "Let it Grow Investing - podcast" on Facebook! FB GROUP: https://www.facebook.com/groups/3149013668660459/
1. MCD McDonald's 2. DIS Disney 3. RBLX Roblox 4. HAS Hasbro 5. NTDOY Nintendo
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