Weekend Stock Spotlight: Walmart, T-Mobile, Bitcoin and Rising Net Shorts Against S&P 500 Futures

Benzinga reviews this weekend’s top stories covered by major media outlets, here are the articles investors need to read.

“How Water Scarcity Threatens the Global Economy,” by Lauren Foster de Barron, examines how growing water scarcity in the United States and around the world may soon begin to have significant economic repercussions.

In Barron’s “T-Mobile Has Toppled Verizon. It’s Time to Buy the Stock,” Nicholas Jasinski writes that now that T-Mobile US Inc TMUS became the main mobile operator in the country, its stock could benefit from it.

“Investors Ramp Up Bets Against Stock Market as Summer Rally Fizzles,” by Hannah Miao of The Wall Street Journal, details the growth in net short positions against S&P 500 futures in recent months, reaching levels not seen in two years .

In The Wall Street Journal’s “Inventory Pileup, Uneasy Shoppers Put Retailers in Jeopardy”, Sarah Nassauer writes about the concerns of retailers like Walmart Inc. WMT and Best Buy Co. Inc. BBY as analysts predict the slowest sales growth between November and January in years.

“Bitcoin dipped back to around $20,000 after Jackson Hole warning,” by Joanna Ossinger of Bloomberg, notes that Bitcoin BTC/USD continues to hover around $20,000 after the Fed presidency by Jerome Powell speech at the Jackson Hole conference.

In Bloomberg “German minister says gas storage is filling up faster than expected”, Iain Rogers writes that Germany’s economy minister says gas storage facilities are filling up faster than expected despite concerns about the supply from the Russian Nord Stream gas pipeline.

Also Read: Now That Tesla Stock Has Split, How Have Wall Street Analysts Adjusted Their Price Targets?

At the time of this writing, the author has no position in the stocks mentioned.

Casey J. Nelson