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📅 Key events of the upcoming week!
We have a shortened but all the more interesting week ahead of us, which may significantly influence market expectations for the future course of interest rates and the health of the US economy. Here is a round-up of the most important events that should not be missed.
🧭 Monday
NY Fed Manufacturing Activity Survey - An indicator that will...
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Accenture expands team of AI experts in partnership with Nvidia
- Dedicated team: Accenture $ACN has created a team of 30,000 Nvidia technology experts to help clients deploy artificial intelligence (AI)-based solutions .
- AI's share of contracts: Generative AI has so far accounted for 5% of total orders, which reflects potential and current limitations in its scope.
- Growth...
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It's funny that it was in almost every buy recommendation I've read or heard in the past month. That reinforces my conviction not to buy shares of companies whose price has been falling for a long time, especially when those recommending them can't convincingly document why the price is falling, citing market sentiment while still treating the company as if it were as high quality as when its shares were much higher. There's also the popular folklore of buying the stock of anything that used to be a quality company and has fallen, refusing to admit it may no longer be a quality company and that there are reasons why the price dropped.