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- 😢 You had a bad day
😢 You had a bad day
💥 Sometimes, the system goes on the blink and the whole thing turns out wrong
Wyatt from Alts
06 Aug
Last week, we shared a film finance opportunity with our Altea members, and it set all kinds of records with over $3 million of interest.
We’ve carved out an allocation for our accredited Stocks and Income investors as well.
We’re taking commitments through this Friday.
Will this wearable wellness company get acquired?
Our new author Jeff Briskin thinks so.
It uses a combination of vibrations and sound to stimulate the vagus nerve and destress your nervous system in just 10 minutes.
From Jeff's analysis::
My prediction is that Sensate will be acquired...most likely by a larger high-tech wellness device company with a more diversified product line.
Why you should consider investing in Sensate:
Patented: Sensate stands out with its patented product utilizing infrasonic therapy
High demand: Sensate has 50,000 users, who have logged over sixty million minutes of use, or about 1,200 minutes per user. They've generated $15 million in revenue.
Primed for an acquisition: The wearable wellness market is growing by 13.8%/year, and is expected to hit $69 billion by 2028. Lots of room for M&A.
Learn more:
Read our deep-dive analysis
Questions? Start here 👇
📰 Market Headlines
US stocks saw their worst fall since 2022, as the Dow plunged over 1,100 points due to mounting concerns over the US economic health.
The S&P 500 and Nasdaq sank nearly 3% and 3.4%, respectively, marking the worst start to any month since 2002.
Market volatility spiked to pandemic-era highs, with Japan's Nikkei 225 plummeting 12%.
Oil prices tumbled as investors braced for a global slowdown; hedge funds sold 117 million barrels in key futures contracts.
Crypto markets joined the bloodbath, with Bitcoin falling 24% and Ethereum dropping nearly 30% over the past week.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
What you had to say:
“Let it burn, you greedy bulls”
📈 Trends you need to know
$BTC has outperformed $QQQ over
- 1 day
- 1 month
- 6 months
- 1 year— Wyatt Cavalier (@itiswyatt)
8:14 AM • Aug 6, 2024
🧠 What do you think?
Asian and European stocks mostly bounced back bigly today, and US futures are up slightly.
Where does the S&P 500 end up today? |
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Palantir shares surged 15.4% after announcing a 27% rise in revenue.
Hims & Hers Health exceeded estimates by 3.5%, shares rose 5%.
Lucid Motors climbed 8% despite missing EPS expectations.
Simon Property exceeded Q2 EPS estimates; shares advanced 2%.
Tyson Foods posted Q3 revenue up 1.6% year-over-year, rising shares 2%.
Avis Budget Group dropped 5.3% due to missing Q2 sales targets.
Clover Health topped Q2 earnings estimates with revenue up 11%, launching shares up 12.57%.
Market movers
Elon Musk revived his lawsuit against OpenAI and Sam Altman, accusing them of prioritizing profits over public good.
The NTSB summoned Boeing and Spirit AeroSystems executives to testify at a hearing on the Alaska Airlines door plug mid-air blowout.
A US District Judge ruled Google violated antitrust law by spending billions to secure exclusive search engine agreements.
A YouTuber is suing OpenAI for allegedly using video transcripts to train AI models without consent.
Ideas, trends, and analysis
The US services sector rebounded in July, with the ISM non-manufacturing PMI rising to 51.4 from June's low of 48.8.
The world's 500 richest people lost $134 billion overnight, with Jeff Bezos losing nearly $16 billion.
US banks have reported the best loan demand in two years.
🌍 Global Perspectives
🇰🇵 North Korea's Kim Jong Un oversaw the delivery of 250 new tactical ballistic missile launchers to front-line troops.
🇳🇬 Nigerian police killed at least 23 protesters involved in demonstrations against the high cost of living.
🇧🇩 Bangladesh's Prime Minister Sheikh Hasina resigned and fled the country after weeks of deadly anti-government protests.
🇨🇳 China announced a $42 billion stimulus package to boost consumer spending and economic growth.
🇨🇴 Colombia's armed forces restarted military operations against the ELN rebel group after a six-month ceasefire ended.
📊 Crypto
Bloody Sunday
The crypto market crashed, wiping out $367 billion in 24 hours, with Bitcoin plunging 15% and Ether falling 22%. Most coins recovered this morning.
Function X launched an AI Innovation Fund with 10 million $FX tokens for blockchain AI projects.
US lawmakers introduced legislation to expand Secret Service authority in combating crypto crimes.
DeFi platform Aave generated $6 million in revenue overnight from liquidations during market turmoil.
🧠 Errata
A 911 operator coached a mom through a surprise at-home birth in just 8 minutes.
Australian authorities euthanized a 16-foot crocodile after a fatal attack, the second incident this month.
A landslide in southern Ethiopia's Wolaita area killed 13 and forced over 300 to evacuate.
Scientists found pristine plant fossils under Greenland's ice sheet, confirming recent complete melting.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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