First and foremost: Happy Monday.
Chris Versace and Bob Lang, the new portfolio managers of Action Alerts PLUS, have some insights for members on Action Alerts PLUS.
And they have some thoughts on the markets, as the Nasdaq faces pressure in Monday's trading session.
A Look at the Markets
Investors appear to remain cautious as the first week of trading in October kicks off.
There are multiple economic reports--including the September jobs report at the end of the week--that could have ripple effects across the market.
In fact, TheStreet's Martin Baccardax, noted that Evergrande, the rolling power crunch, and inflation concerns have caused concern.
"Those pressures, alongside myriad warnings from U.S. companies that supply chain disruptions, elevated shipping costs and notably higher wages will eat into near-term profit margins, are taking the steam out of major markets around the world. In the meantime, the Fed's preferred inflation gauge, the core PCE Price Index, surged 3.6% in August, the highest in three decades," Baccardax wrote.
Then There's Facebook
Lang and Versace weren't able to address Facebook (FB) - Get Facebook, Inc. Class A Report in today's Daily Rundown show, but--with the whistleblower's allegations on 60 Minutes over the weekend, this portfolio name is in the spotlight.
A whistleblower, Frances Haguen, who worked at Facebook slammed the company saying it chooses “profit over safety.”
Haguen said that the company knew that its platform was used to spread hate.
"The thing I saw at Facebook over and over again was there were conflicts of interest between what was good for the public and what was good for Facebook, and Facebook over and over again chose to optimize for its own interests, like making more money," said Haguen, in the interview.