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- ๐ฅฑ Another ATH for the S&P
๐ฅฑ Another ATH for the S&P
๐ฎ But GameStop had its worst day in years.
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๐ฐ Market Headlines
Get $20 free shares and options rebates for life if you create an account at โpublic.comโ using code ALTSCO before March 31.
The S&P 500 and Dow Jones rebounded, with the S&P hitting a new record high, while the Nasdaq eked out a small gain.
GameStop (GME) โplunged 15%โ after missing on both the top and bottom lines in Q4.
European stocks closed slightly higher, with Sweden's H&M โsurging 15%โ after beating profit expectations.
โAmazonโ shares rose 2% following a $2.75 billion investment in Anthropic AI.
๐ถ๏ธ Market Vibes
๐ฐ Market Forecasts and Futures
Forecasts via โKalshiโ, the prediction market. The prediction market is forecasting three rate cuts again.
๐ฑ Fear and Greed Index
๐ง What do you think?
โ๏ธ We're trimming the newsletter. What should we get rid of? |
๐ค What you said last time
Truth Social is a big winner. In our poll, at least.
๐ Trends you need to know
This is the search volume for โVPNโ in Texas. Who wants to guess when PorhHub blocked users in the Lonestar State? |
๐ Stocks
Get $20 free shares and options rebates for life if you create an account at โpublic.comโ using code ALTSCO before March 31st.
Winners and losers
Earnings, upgrades, and acquisitions
โLands' Endโ climbed 9.79% after reporting break-even Q4 earnings.
โnCinoโ surged 12.7% in premarket trading after reporting a 16% jump in subscription revenue.
โRHโ missed Q4 estimates, yet full-year revenue guidance caused shares to rise 23% after hours.
โCarnivalโ retreated 2.7% despite reporting record Q1 booking volumes.
โCintasโ jumped 9.7% after beating Q3 estimates and raising guidance.
Market movers
โModernaโ jumped 3% after announcing a $750 million deal with Blackstone for its flu vaccine program.
Trump's media company โsurgedโ 17% on its second day of trading, fueled by retail investors.
โGameStopโ stock cratered 14% in its worst day in over a year as job cuts continue.
โCoinbaseโ shares slid 2.5% following a major loss in an SEC lawsuit.
โDisney and Florda Governor Ron DeSantis reached a settlement to end litigation over the company's special tax district in Florida.
โRedditโ dropped 11% its lowest closing level since debut.
Ideas, trends, and analysis
Insurers are bracing for โbillions in lossesโ after the Baltimore bridge collapse tragedy.
AI jobs are offering โ$1 million salariesโ while layoffs decimate the broader tech industry.
As โfertility rates fallโ, economic challenges grow.
S&P 500 might have a 5-10% โcorrectionโ in the coming weeks.
Fast-food chains have seen โlow-income diners pare back orders
๐ Global Perspectives
๐ญ๐น ๐บ๐ธ A UN report found that โguns were smuggledโ from US Southern states into Haiti.
๐จ๐ฆ Canada's population surged 3.2% in 2023, marking the โhighest growthโ since 1957.
๐ฏ๐ต The Japanese yen โplummeted to a 34-year lowโ against the dollar.
๐ต๐ธ ๐ฎ๐ฑ 2.2 million Gazans face food shortages, with โfamineโ predicted by May, according to UN data.
๐ป๐ช Venezuela presidential candidate Manuel Rosales said he would โhand overโ his place on the ballot to a unity candidate.
๐ Income
Three bonds โset to clobberโ AI stocks.
This standout natural gas stock with a โ7% yieldโ could be a buy.
โThree dividend stocksโ that have paid and raised their payouts for at least 30 consecutive years.
๐ Crypto
BlackRock โdeployed $100Mโ onto Ethereum for its new Digital Liquidity Fund.
The US secured its โ11th spot Bitcoin ETFโ.
BlackRock CEO said an โether ETF is possibleโ even if the SEC deems it a security.
๐ง Errata
Timekeepers have to โsubtract a secondโ from clocks because the Earth is spinning faster.
Artemis astronauts will carry โplants to the moonโ in 2026 to study how crops fare in lunar gravity.
New survey suggests a โglass half fullโ (of water, that you drink) really is the key to happiness.
An obscure 1851 law cited in the Titanic case could help the owner of the ship that โcrashed into a Baltimore bridgeโ limit liability for the incident.
๐บ What to Watch Today
The auto sector is the industry most affected by the Baltimore bridge collapse.
Thatโs all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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