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💰 Easy P/E-zy

Posted by Stash Weekly on Thursday, August 8, 2019

Week of August 7, 2019
TIP OF THE WEEK
 
Consider the P/E ratio of a company before purchasing shares. 
MARKET NEWS
 
DJIA
-4.30
S&P 500
-4.36
*Week-to-date return as of August 6, 2019
Market Tops and Bottoms
The trade war with China continues to intensify this week, as President Trump says he will hit the world’s second largest economy with new tariffs. Stock market indexes around the world were down early in the week as China threatened to retaliate, and devalued its currency, called the Yuan.
Not “So Easy” After All
The trade war is weighing on billionaire Warren Buffett’s business conglomerate Berkshire Hathaway, which reported lower than expectedprofits. A higher than average number of car accident claims also hit Berkshire’s Geico insurance unit with payouts, according to reports.
Fully Charged
Computer and iPhone maker Apple is launching its own credit card, in partnership with investment bank Goldman Sachs. Apple reportedly needs to develop other lines of business besides devices, as its iPhone business shows signs of slowing down. For Goldman, which launched a consumer bank in 2016, it’s an opportunity to extend its reach in consumer banking. The Mastercard has no annual, transaction, or penalty fees.

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