Currently Obsessed With...Jo Malone Candles


Have you smelled these candles!?

Light one and you will find yourself engulfed in the luxury of Paris Fashion Week, waking up in a fabulous beach house in the Hampton's or releasing your inhibitions in the 50 Shades red room...we’re just sayin’. You can’t live the lux life without a signature fragrance and these are exquisite . Jo Malone London is owned by Estee Lauder (EL) . EL’s stock is currently about $141 per share.

Split Personalities...

Stocks this week in the S&P were feeling so high like a G6 but didn’t get off the runway. They finished flat despite more earnings chatter rolling in like good Cardi B gossip. The NASDAQ however, had no problems catching that flight and taking first class of course.



After it’s breakout role the previous week, where it hit 2800, the S&P (a measure of the entire U.S. stock market) has Wall Street nerds joining Oprah and Deepak’s 21-Day Meditation Experience to try to focus and figure out the index’s next move. Like a Lil’ Kim comeback, the struggle was real for the S&P to break through 2800 and despite positive earnings news, the nerds have lowered expectations that the index will hit 2850 any time soon.

Earnings season so far has been easy, breezy, beautiful with the banks reporting their great numbers a few weeks ago. Tech is also coming in strong and now accounts for 25% of the S&P 500 stocks. In fact, tech is singing Drake’s “You Can Thank Me Now,” because it has been responsible for 70% of the year-to-date S&P’s positive performance. The superstars have been Amazon, Microsoft, Apple, Netflix, Facebook, and Google, basically the FANGS (The tech superstars who dominate the markets). Amazon alone has driven 24% of the S&P’s performance. This has definitely helped the index win. But tech can’t carry the team like LeBron. Other players will need to step up and carry their own weight if the S&P has any chance of making it to the finals (hitting 2850).

The NASDAQ is currently accepting congratulations in the form of Venus ET Fleur flowers at its new address - a new record high. The index did finish the week ever so slightly down but that’s not a big deal. This is not the first time the index has hit a record high this year. It’s had a great time at the party. Remember, the NASDAQ is basically the index of mostly tech stocks and tech has been killin’ it. Unlike the NASDAQ , the S&P is made up of other stuff, like financials, retail, is just a fraction of its overall makeup. So, it doesn’t get to reap all the tech crew love benefits. It’s only a groupie so it gets less love.

PBDs (Pretty Big Deals)

  • June retail sales came in better than expected. Never underestimate the power of a sale at Bloomingdale's... and the need for women to have a strong shoe game. It’s so serious.

  • Netflix (NFLX) – Netflix released its 2nd quarter earnings on Monday and it was not a good look. Apparently, Wall Street nerds expected that more people were Netflix and chillin’ then actually were. The stock did an ugly dive and fell 14% after the news of lower-than-expected subscribers. By the end of the week it recovered somewhat.

  • Amazon (AMZN) – AMZN released great earnings numbers and further confirmed that we all love Prime. Really, who could ask for anything more?

  • Goldman Sachs (GS) – GS has announced a new boss. David Solomon will be the next CEO replacing Lloyd Blankfein.

  • Pappa John’s (PZZA) – Pappa John’s and Wendy’s were in talks to discuss a possible merger before Pappa John’s chairman and founder, John Schnatter used a racial slur. We’re guessing Wendy’s response was something along the lines of “Hold up, nah,” because the merger talk has since been put on ice. Schnatter, you know him as the guy in the pizza company’s commercials, still sits on the board and owns 29% of the company.

  • Airbnb is getting ready to go public next year. European Commission has a series of demands and Ab&b is giving in (including more transparent pricing).

The Lux List

  • Luis Vuitton (LVMH) – Earnings release and call on 7/24. We’ll give you the inside deets next week on how LVMH was livin’ lux in the 2nd quarter.

  • Estee Lauder (EL) sources say EL will report earnings on 8/17, though they haven’t officially announced the date yet. We are excited to see how our beauty lux lister performed in Q2.

  • Tesla (TSLA) – Tesla will report earnings on 8/1. A live earnings call is set for 2:30 pm PST (5:30 pm EST). Tesla CEO Elon Musk’s behavior on last quarter’s call was questionable to say the least. Rest assured we will make sure to fill you in so you don’t miss a thing! Have popcorn ready as this is sure to be quality entertainment.


Squad Goals

We Ask and Our Squad Answers
Our squad is comprised of ten Wall Street experts from the top asset management firms. Each week we ask them a question, and they poll in!

Do you think the S&P will break through to 2850 in the third quarter?

Our squad agrees they are hopeful but that it is doubtful.

Agree with the squad? Tell us on Twitter #SavvySquadPoll

Weekly Moves

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Heads Up

Marlon Bovell