Recap August 23: Dollar collapses, Tesla Stock Explodes, Apple 2 Trillion (Recap Ep085)

Day Trading Academy

In today’s recap we see how the dollar is collapsing, Tesla stocks reached a new all-time high and Apple hits $2 trillion on market capitalization.
Shares of Tesla jumped 11.20% on Monday, pushing the stock to a new all-time high of $1,835.64 with market capitalization passing $300B. The stock has already gained 31% in the last week after the electric vehicle firm announced a 5-for-1 stock split. Shares are up +2.25% in the Tuesday pre-market.
Apple became the 1st U.S.-listed company with a $2 trillion market capitalization on Wednesday, a milestone that comes just 2 years after the company first passed the $1T mark. Was largely driven by add-ons like services & accessories. The only other firm globally to ever reach the market value milestone, was Saudi Aramco, which briefly held a $2T valuation last December.
Apple surged another +5% on Friday to $498 a share & a market capitalization of $2.02 Trillion, a valuation that is $454 billion larger than that of Amazon, the next largest U.S. company. This was the stock’s 4th consecutive day of gains. Apple hit a new 52-week high, just shy of $500.00 a share.
Walmart, the largest private employer in the United States, saw sales at stores open for at least 1 year increased by 9.3% to $93.3 billion during the 3 months ending on July 31, vs. the same period last year. Online sales boomed, growing 97%. Profits increased 79.4% to $6.4B. The company has hired over 200K new workers, to help meet the increased demand.Walmart, the largest private employer in the United States, saw sales at stores open for at least 1 year increased by 9.3% to $93.3 billion during the 3 months ending on July 31, vs. the same period last year. Online sales boomed, growing 97%. Profits increased 79.4% to $6.4B. The company has hired over 200K new workers, to help meet the increased demand.
Asteroid 2020 QG just made the closest pass of the Earth on record & took scientists by surprise. NASA says the asteroid came as close as 4,778 miles from the center of the Earth. At its lowest point, it could have been just 1,000 miles from the surface, lower than almost all artificial satellites, that are currently orbiting the Earth.

Home construction in the US grows for a third consecutive month; Bitcoin price rises above $ 12K; Gold climbs as the dollar weakens; Unexpected rise in U.S. initial jobless claims; Colombian government seeks to attract foreign investment

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