“Buffalo buffalo Buffalo buffalo buffalo buffalo Buffalo buffalo” is the longest sentence in the English language using only one word (with different meanings). In this case:
Buffalo - the city
buffalo - the animal
buffalo - a verb meaning to outwit, confuse, baffle or intimidate
See if you can work out it out before clicking the link above.
Buffalo: A rare private equity opportunity in American Steel 🇺🇸
They provide essential parts and equipment to keep the cog wheels of America's steel industry turning.
This established company is now open to retail investors through a unique private equity transaction.
Why invest in Buffalo?
Proven success: The company has been established for 25+ years. They're doing $24m in revenue and $6m in EBITDA.
High margins: Buffalo has high 25% margins and minimal capital needs.
Strong position: Buffalo’s customers include some of the biggest names in the $4b steel industry.
Why Buffalo stands out:
This America-focused company is just a gem of a deal:
Riding the onshoring trend: As America focuses on domestic production, Buffalo is perfectly positioned to capitalize on the projected 26% CAGR in steel industry capex
Low entry price: The company is being acquired at a 50% discount to comparable transactions, offering significant upside potential.
This type of deal is rarely available to everyday investors.
Express interest to learn more about this special deal. 🇺🇸
📰 Market Headlines
Wall Street closed the week at record highs as Friday’s June job report fueled rate-cut expectations.
The S&P 500 and Nasdaq surged to record highs, gaining nearly 2% and over 3% respectively for the week.
The US economy added a surprising 206,000 jobs in June, while unemployment climbed to a 2.5-year high of 4.1%.
Paramount Global's special committee endorsed a merger with Skydance Media, moving the deal closer to completion.
France's left-wing coalition won the most seats in parliamentary elections, surprising observers and blocking far-right gains.
Tropical Storm Beryl shifted toward Texas, expecting to strengthen to a Category 2 hurricane before hitting land early Monday.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
That’s a lot of people without a job.
📈 Trends you need to know
Per Grayscale:
“Although Trump is embracing crypto more on the campaign trail, data shows that crypto is a bipartisan issue, with similar ownership rates among Republicans (18%) and Democrats (19%).
Voters are split on which party is more favorable to the industry, as an equal percentage of voters (30% each) think that both the Democratic and Republican parties have the most favorable position on crypto policies.”
🧠 What do you think?
Which party is better for crypto investments?
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Another week, another batch of earnings calls. Here's who to look out for:
Tuesday: Helen of Troy (HELE)
Market movers
Tesla's Model Y was added to a Chinese government procurement list, a first for a foreign EV company.
Samsung plans to challenge Apple in the AI smartphone wars, unveiling its Galaxy AI ambitions next week.
Revolut CEO Nikolay Storonsky announced plans to cash in part of his stake in a $500 million share sale.
Kenworth announced plans to lay off 300-400 workers at its Chillicothe, OH truck plant starting August 2nd.
Ideas, trends, and analysis
US voters are increasingly focused on crypto as 2024 election approaches, with 32% more open to investing.
The median 401(k) balance for Americans in their 30s is around $22,100 as of Q1 2024, per Fidelity data.
Crude oil scored a fourth straight weekly gain last week as US data indicated solid demand.
A majority of Americans say they can't afford a summer vacation this year due to the high cost of living.
🌍 Global Perspectives
🇰🇪 Kenya's dramatic flooding has swept away farms, killed nearly 300 people, destroying crops on over 168,000 acres.
🇺🇦 🇷🇺 A Ukrainian drone triggered a warehouse explosion in Russia, leading to an evacuation in the Voronezh region.
🇵🇭 🇺🇸 The Philippines declined US assistance in South China Sea operations, preferring to handle tensions with China independently.
🇮🇳 A new Citi report warned that despite 7% growth, India will struggle to create enough jobs for its growing workforce.
🇨🇳 🇹🇭 China's BYD acquired a 20% stake in its Thai distributor Rever Automotive, expanding in Southeast Asia.
📊 Crypto
Grayscale Ethereum Trust discount to NAV quietly switched to a premium, hitting 0.31% on July 3.
Crypto Fear & Greed Index plummeted to 29, the lowest since BTC traded at $17k in early 2023.
Multicoin Capital promised to match SOL donations up to $1 million to back pro-crypto Republican candidates.
The automotive blockchain market is set to reach $4.1 billion by 2032, driven by supply chain efficiency and smart contracts.
🧠 Errata
Patrick Bertoletti won Nathan’s Famous Fourth of July hot dog-eating contest with 58 hot dogs.
A New York man was charged with arson after giving an 11-year-old fireworks that set a shed and homes on fire.
Two people died and three were injured when an SUV and bulldozer collided in Utah.
📺 What to Watch Today
He’s no Joey Chestnuts but 58’s still an impressive number of dogs.
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
