What Seasonality? Stocks Finish August With Monthly Wins

• Gap earnings: what you need to know.
• Satellite stock is ready to enter the atmosphere.
• Plus, CELH buzzing; Dell dinged after earnings; and options strategies to know.

5 Things to Know Today

1. Fed governor Chris Waller has a plan for interest rate cuts. (MarketWatch)
2. Klarna's initial public offering (IPO) is coming next month. (Bloomberg)
3. Celsius stock is squeezing short sellers today.
4. Dell stock facing some AI headwinds.
5. 3 underrated ways to maximize options trading profits.

Losses for Oil, Wins for Gold

Oil prices pivoted lower on Friday amid talks of a potential ceasefire between Ukraine and Russia. Investors also assessed lower U.S. demand ahead of next week’s Organization of the Petroleum Exporting Countries (OPEC) meeting. September-dated West Texas Intermediate (WTI) shed 64 cents, or 0.1%, to settle at $63.96 per barrel. Black gold also fell 1.3% this week and lost 5% in August.

Gold prices settled higher as inflation data met analysts’ expectations, setting the stage for a potential interest rate cut in September. December-dated gold futures added 1.2 % to finish at $3,515.70 per ounce and rose 2.8% for the week. The yellow metal also secured its best monthly performance since April.