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AAPL

SPKY

UVXY

Apple Inc. (AAPL) stock showed indecision after Federal Reserve chair Jerome Powell indicated that more interest rate hikes are possible. The stock briefly fell under Thursday's low on Friday. If Apple trades higher on Monday, a new uptrend may be on the horizon. However, if it falls lower, the trend could continue downwards, increasing stock market volatility due to Apple's weight in the S&P 500. Traders can trade the potential volatility with options like the ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) and ProShares Ultra VIX Short Term Futures ETF (UVXY).

Portfolio Pulse from Melanie Schaffer

August 25, 2023 | 5:05 pm

HE

Hawaiian Electric Industries, Inc. (HE) shares dropped by 23.8% after Maui County filed a lawsuit against the company for its alleged role in the Lahaina wildfires. The company also suspended its quarterly cash dividend on common stock. Additionally, HEI and Hawaiian Electric drew $170 million and $200 million respectively from their existing revolving unsecured credit facilities, planning to invest the cash proceeds in highly liquid short-term investments.

Portfolio Pulse from Henry Khederian

August 25, 2023 | 5:00 pm

SPY

Federal Reserve's Goolsbee has noted that consumers have managed to withstand the recent Fed rate hikes well. He also sees an improvement in core inflation but believes it's too early to declare victory. Goolsbee does not wish to change the Fed's 2% inflation target in the current cycle.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 4:44 pm

BTCUSD

C

ENVA

JPM

The article discusses five key points for investors this week. The Federal Reserve is likely to raise interest rates due to inflation and a tight labor market. Retail sales continue to rise, indicating strong consumer spending. Large asset management firms are seeking approval for Bitcoin ETFs, potentially driving up Bitcoin's price. Ratings agency Fitch may downgrade big banks like JP Morgan and Citigroup. Lastly, Mercedes has disconnected Russian customers from its software, raising concerns about the vulnerability of connected cars.

Portfolio Pulse from Gary Brode

August 25, 2023 | 4:15 pm

SLM

SOFI

SPY

President Biden has reaffirmed his commitment to provide relief to student loan borrowers and make college more accessible to Americans. This could potentially impact student loan providers.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 4:07 pm

SPY

UUP

Philadelphia Federal Reserve Bank President Patrick Harker has expressed a more dovish stance on interest rates than Federal Reserve Chair Jerome Powell, advocating for stability rather than further increases. Harker's comments come as the Fed futures market indicates a higher likelihood of a rate hike by November. The U.S. dollar index, tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), has gained 0.3%, while the SPDR S&P 500 ETF Trust (SPY) also edged 0.3% higher.

Portfolio Pulse from Piero Cingari

August 25, 2023 | 4:04 pm

SPY

Federal Reserve's Loretta Mester stated that the main debate within the Fed is whether the current interest rates are restrictive enough. She also emphasized the need for the Fed to be patient with its policy at the moment.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 3:39 pm

SPY

Federal Reserve's Loretta Mester stated that there is likely more work to be done with interest rates, expressing concern about the Fed overtightening them. In her June forecast, she did not anticipate the Fed cutting rates in 2024.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 3:38 pm

SPY

Federal Reserve's Mester has stated that the current rates are nearing the desired level. However, she emphasized the need for more evidence of cooling inflation.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 3:36 pm

SPY

Federal Reserve's Harker has stated that he does not see the need for additional rate rises at the moment. He suggests holding rates steady to observe how policy affects the economy. However, if inflation retreat stalls, it could call for more rate hikes.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 3:04 pm