🚀 Crypto ripped-o on ETH ETF news

👎 While Jamie Dimon's 5 year plan sunk JPM shares

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The $600 billion industry no one's talking about

Half the planet will go through menopause, but there are only a tiny number of companies dealing with the problem.

But one company, ​Rootless​, is crushing it in this space. They're growing quickly and have made room for Alts members to get in on their ​equity round​.

This is the kind of investment idea we LOVE at Alts.

✅ Huge Market?

✅ Unloved Market?

✅ No competition?

✅ Solves a painful problem?

✅ Wealthy customers?

I'll review the opportunity this week, but you can skip the queue today.

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📰 Market Headlines

  • Leadership shake-ups rocked the market with key financial figures announcing major moves.

    • FDIC Chair Martin Gruenberg announced he is "prepared to step down" following recent bipartisan calls for his resignation.

    • JPMorgan's shares dropped 4.5% following CEO Jamie Dimon's updated five-year plan.

  • Nvidia and Dell have partnered in a push to bring "generative AI capability to every company in the world".

  • Trump Media reported over $300 million net loss in its first public quarter. The company still trades at over $6 billion.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi​, the prediction market.

😱 Fear and Greed Index

🎤 What you said last time

Nearly 2/3 of you think someone assassinated the Iranian President (and Foreign Minister).

📈 Trends you need to know

.

This company is not worth $6 billion.

🧠 What do you think?

💬 Have your say

Regardless of what you think of former President Trump, Trump Media & Technology Group Corp is not worth $6 billion. Three main theories

  1. Trump's Brand Power: Donald Trump’s name alone carries significant brand value. His involvement or association with a company can create a perception of prestige, success, or influence, which can drive up investor interest and, subsequently, the market cap.

  2. Loyal Supporter Investments: Trump has a dedicated base of supporters who might invest in a company associated with him as a show of loyalty or confidence in his ability to steer successful ventures, contributing to an inflated market cap.

  3. Dodgy Political Donations: Trump owns a significant number of shares and can cash out on them in four months. Political donors could prop up the value of the shares, ensuring a significant payday for the former President, without declaring the investment as a political donation.

What's propping up $DJT?

Login or Subscribe to participate in polls.

📊 Stocks

Get $20 free shares at ​public.com​ using code ALTSCO.

Winners and losers

Earnings, upgrades, and acquisitions

  • Palo Alto Network's shares dropped 9% despite beating Q3 EPS estimates.

  • Li Auto reported weaker-than-expected Q1 earnings; shares plummeted nearly 13%.

  • Zoom's revenue rose 5.3% year-on-year, beating estimates, with shares remaining unchanged. 

Market movers

  • Red Lobster filed for bankruptcy, citing mismanagement, competition, inflation, and over $1 billion in debt.

  • Dell unveiled a range of AI-enabled PCs and a new server supporting Nvidia's latest chips.

  • The US auto safety regulator recalled over 51,000 Volkswagen EVs due to vehicle doors opening while driving.

  • Microsoft announced new Surface PCs that use its Copilot+ standard for running AI models.

  • Ulta Beauty released plans to enter Mexico in 2025 through a joint venture with Grupo Axo.

  • Target slashed prices on at least 5,000 frequently bought products to win customers from Walmart.

  • Hims & Hers Health announced plans to deliver cheap alternatives to popular weight-loss drugs like Ozempic.

Ideas, trends, and analysis

  • The US economy added a surprising 275,000 jobs in February, but the unemployment rate was 3.9%, the highest in two years.

  • China's fiscal revenue slid 2.7% in the first four months of 2024.

  • Micro E-mini equity futures have surpassed 2.6 billion contracts traded in the five years since launch.

🌍 Global Perspectives

  • 🇹🇼 🇨🇳 Taiwan's new president Lai Ching-te called on China to stop its threats in his inauguration speech.

  • 🇩🇴 Luis Abinader has been named President of the Dominican Republic.

  • 🇨🇩 🇺🇸 The Democratic Republic of Congo's army said it stopped an attempted coup involving three American citizens.

  • 🇿🇦 South Africa's former president Jacob Zuma was barred from running for parliament by the country's top court.

  • 🇬🇧 🇺🇸 WikiLeaks founder Julian Assange was permitted to appeal against extradition to the US for the reasoning of free speech.

📊 Crypto

  • ETH ripped 22%, and BTC posted 7% gains as an ETH ETF nudged closer to reality.

  • Crypto startup funding rose 40.3% to $2.4 billion in Q1 2024.

  • Grayscale CEO Michael Sonnenshein has stepped down and will be replaced by Goldman Sachs' Peter Mintzberg.

  • Prometheum soft-launched ether custody services, treating ETH as a security under SEC supervision.

  • Bitcoin ETFs purchased 3 times more BTC than the amount of new bitcoin mined in May so far.

🧠 Errata

📺 What to Watch Today

Head to 4 minutes and 23 seconds to see the new GPT-4o based copilot give Minecraft tips in a clear voice based on what it sees on screen.

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt

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