Happy Saturday, and welcome back to our super skimmable Street Tweets newsletter.

This past Tuesday, Starbucks’ stock shot 25% higher, the biggest surge in value in the company's history, following news that Chipotle CEO Brian Niccol will be leaving his position to head the coffee chain.

Niccol is getting quite the payday for switching jobs, as he’s set to receive $10 million in cash and $75 million in equity awards.

You may be asking yourself, “What makes Niccol so important??” Well, during his tenure at Chipotle, the stock skyrocketed 773% as Niccol led a resurgence in the brand following a damaging and widely covered E. coli outbreak. Before Chipotle, Niccol led a similar brand recovery operation for Taco Bell.

On top of his skills in building back consumer trust, Niccol has a record of successful premiumization strategies and operational improvements that have increased profit margins.

In other words, Starbucks’ latest stock surge looks to be firmly grounded —- Niccol is a proven executive, and time will tell if he can take the coffee chain to new heights.

Plus, today’s partner has a free report outlining five cheap stocks poised for a big move.

TOGETHER WITH UPTREND

Free Report: Five Top Cheap Stocks Poised for a Big Move

Some of the greatest opportunities can be found in undervalued stocks.

Often, a stock will become undervalued because of negative events, like the pandemic. Perhaps the company missed earnings, became overlooked, or was hit with downgrades. Or, maybe the stock fell along with its competition.

Here are five of the most exciting, cheap stocks you may want to take a look at today.

Download Free Report

MARKET REVIEW

TL;DR: U.S. stocks experienced a significant rebound this week, with the S&P 500 rising nearly 3.9%, its best performance since November 2023, and the Nasdaq gaining 5.2%.

The market's recovery followed a sharp decline earlier in August due to fears of recession. However, stronger-than-expected retail sales data, lower jobless claims, and inflation readings alleviated concerns, contributing to the rally. Technology stocks, particularly Nvidia, Apple, and Microsoft, were among the top performers. By week's end, the S&P 500 was just 2% below its mid-July record high, marking a strong turnaround from the earlier sell-off.

Click here to read the full market review

MARKET PREVIEW

TL;DR: The upcoming week is packed with key economic reports and significant Fed activity. On Monday, the U.S. leading economic indicators for July will provide insights into the overall economic outlook. Wednesday's release of the Fed's July FOMC meeting minutes is highly anticipated as markets look for clues about future monetary policy.

Thursday features several critical reports, including initial jobless claims, S&P flash PMI data for both services and manufacturing and existing home sales for July. Finally, Fed Chair Jerome Powell's speech at the Jackson Hole retreat on Friday will be a major event, with investors closely watching for any signals on interest rates or economic strategy.

Click here to get ready for the week ahead

Good for society, bad for alcohol stocks.

A few weeks ago, Bloomberg reported that Anheuser-Busch’s multi-million dollar campaign to overcome conservative backlash has fizzled out, and its Bud Light business has collapsed.

While the conservative backlash certainly put a big dent in Bud Light sales, its stock took a massive nosedive during the pandemic and has never fully recovered.

Over the past five years, shares of Anheuser-Busch are down 35%, and if Americans continue to moderate their drinking habits, it could be bad news for the entire industry… except for one brand.

Forbes has called Athletic Brewing “one of the hottest brands in the entire alcohol market” after it closed a $50 million equity financing round. However, it should be noted that its beverage lineup is comprised of entirely non-alcoholic beers.

Now, if we could only profit from a future of overabundance…

… oh wait, Novo Nordisk and Eli Lilly already are.

Danish company Novo Nordisk made a killing after introducing its GLP-1 drugs Ozempic and Wegovy to the US markets. In 2023, the Wegovy boom saved Denmark’s GDP from a no-growth year, and it’s expected to double the nation’s expected growth for this year.

This shouldn’t come as a surprise. Nearly one in three Americans are overweight and could make use of the “magic” weight-loss injections. Luckily for the leaders in the GLP-1 drug market, Novo and Eli Lilly, their targetable audience is only projected to grow exponentially.

According to a report from the World Obesity Atlas, more than half of the world will be obese by 2035. UBS analysts project the GLP-1 market to reach $150 billion by 2029, reflecting a 33% compound annual growth rate.

So, if you’re looking for a sector to invest in and hold for the long haul, GLP-1 makers may be a solid bet.

Since when did Warren Buffet become a beautician?

Last week, we were inundated with news of Buffett slashing his Apple holdings by 56% (roughly 510 million shares). The sale may go down as one of Buffett’s best bets in history.

However, take a close look at the portfolio snapshot above. You’ll see that the Oracle of Omaha is making another fascinating move — he purchased 690,000 shares of Ulta Beauty at a value of roughly a quarter of a billion dollars at the end of June.

News of Buffett’s stake in Ulta caused shares to jump 11% this past Thursday, which was a breath of fresh air to the cosmetic chain, whose shares have fallen 32% over the course of this year.

Analyst Dylan Carden believes Berkshire’s strategy was to invest in a beaten-up but competitively advantaged business with good yields from a cash-flow standpoint. And, if Ulta Beauty’s stock “glow up” comes to fruition, Buffett will profit immensely.

Was it worth the reputational damage?

For some background, Jeffrey Piccolo and his wife Tangsuan ate at Disney’s Raglan Road, which is billed as having “allergen-free food,” and Tangusan died of anaphylaxis due to elevated levels of dairy in her system.

So, how is Jeffrey’s Disney+ subscription grounds for throwing out his lawsuit against the entertainment giant?

Well, the fine print of the one-month Disney+ trial he signed in 2019 states that “any dispute between You and Us is subject to a class action waiver.”

In other words, Disney is publically claiming that its 150 million streaming subscribers have waived all rights to sue the company in perpetuity — not a good look for Disney and its stock, which is down 34% over the past five years.

TOGETHER WITH UPTREND

Free Report: Five Top Cheap Stocks Poised for a Big Move

Some of the greatest opportunities can be found in undervalued stocks.

Often, a stock will become undervalued because of negative events, like the pandemic. Perhaps the company missed earnings, became overlooked, or was hit with downgrades. Or, maybe the stock fell along with its competition.

Here are five of the most exciting, cheap stocks you may want to take a look at today.

Download Free Report

The remote work era may have reached its peak.

Schmidt isn’t alone in his views on remote work. In fact, they echo a growing sentiment in corporate America.

The CEO of HR software company Bambee told the Wall Street Journal that he sees a 30% drop in subscriber acquisition on days his employees work from home. We’ve also seen OpenAI CEO Sam Altman say that one of the tech industry’s “worst mistakes” was to allow employees to go “full remote forever.”

So far, the backlash against remote work is mostly grumbling from higher-ups who can see its harmful impact. But, if a resurgence in in-person work comes about, it could have implications for various sectors.

It could be a good idea to keep an eye on commercial real estate REITs like Boston Properties and office suppliers such as Steelcase and MillerKnoll.

TRIVIA

Last week, we asked: Which country was the first to adopt bitcoin as legal tender?

The correct answer was El Salvador.

This week’s question…