🚀 The Dow surged

🙁 Despite Nvidia's woes

Who still collects stamps? The answer might surprise you.

Adios, Mexico 👋 Next up: Nashville

​Here at Alts, our investing journey leads us to some interesting places. One of the ways we explore new investing ideas is through our ​investor trips​.

In February, we did our first trip to Mexico, and it was a ​huge success​.

So this October, we’re doing our second trip: A music-themed investing journey to ​Nashville​ 🎶

Join our next investor trip to Nashville, Oct 21-25

​This will be an all-inclusive trip of a lifetime. We've got terrific industry speakers joining, including the legendary ​Scott Cohen​, who co-founded The Orchard & sold it to Sony for half a billion dollars (!)

More about Alts Investor Trips:

(Two spots left!)

📰 Market Headlines

  • The Dow notched another record high as investors shrugged off Nvidia's post-earnings slide.

    • The blue-chip index rose 200 points to its third all-time high this week. The S&P 500 stayed flat, while Nasdaq dipped 0.2%.

    • Nvidia shares fell around 6% despite beating estimates, as Q2 GDP growth was revised up to 3%.

  • US GDP grew faster than initial estimates in Q2, expanding at a 3% annual rate.

  • A federal appeals court ordered General Motors to face a class action claiming it knowingly sold vehicles with faulty transmissions.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi​, the prediction market.

😱 Fear and Greed Index

🎤 What you said last time

What you had to say:

“Wishful thinking, maybe”

📈 Trends you need to know

More people are looking for jobs today than at any time in the last decade.

🧠 What do you think?

Best baseball movie ever?

Bonus points for getting each emoji reference.

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

  • Lululemon beat EPS estimates, pushing shares up 2%.

  • Campbell Soup reported Q4 estimates beat; shares added 1.6%.

  • Dell rose 3% after raising its annual revenue forecast.

  • Burlington Stores doubled its profit from last year, causing shares to surge 5%.

  • Ulta Beauty fell 7% after reportedly missing Q2 earnings and estimates.

  • Dollar General cut its outlook; shares plummeted 32%.

  • Best Buy beat Q2 earnings and revenue estimates, launching shares up 15%.

  • Gap beat Q2 earnings and revenue estimates; shares rose 2%.

  • American Eagle Outfitters grew 4% after posting record Q2 revenue.

Market movers

  • OpenAI and Anthropic signed US government deals for early AI model access and testing.

  • Texas selected 17 gas-fired power projects, totaling 10,000 megawatts, for $5.38 billion in funding to bolster the power grid.

  • Indian regulators greenlit an $8.5 billion Disney-Reliance merger.

  • X briefly blocked NPR links, later correcting it as a "false positive."

  • Nasdaq Futures settled CFTC charges for $22 million over undisclosed trader incentives.

Ideas, trends, and analysis

Recommended Newsletter

🌍 Global Perspectives

  • 🇹🇼 Taiwan delivered 400 protective gear kits to Haiti's police and army, totaling 800 in two years.

  • 🇮🇱 🇵🇸 Israel and Hamas agreed to three separate three-day ceasefires to allow polio vaccinations in Gaza.

  • 🇩🇪 Germany's Sahra Wagenknecht Alliance leader was attacked with pink paint at a Thuringia rally.

  • 🇳🇮 Nicaragua banned 169 more NGOs, including Save The Children Canada, bringing the total closures to over 4,000.

  • 🇺🇦 Ukraine lost its first F-16 in a crash during a Russian attack, killing the pilot.

  • 🇾🇪 Floods in Yemen killed 33 and damaged over 200 homes after a dam collapse.

  • 🇧🇷 A Brazilian judge blocked Starlink's financial accounts during a legal dispute over X's representation in the country.

📊 Crypto

  • Bridge raised $58 million from Sequoia and Ribbit to develop stablecoin orchestration services.

  • Time.fun secured $3 million in seed funding from Brevan Howard Digital for its Base-built tokenization platform.

  • Polymarket bettors lost $270,000 after Telegram CEO Pavel Durov's early release from French custody.

🧠 Errata

  • A hiker was allegedly stranded by his co-workers on a Colorado mountain — a team-building exercise gone awry.

  • Massachusetts confirmed its second human case of mosquito-borne EEE this year.

  • An SUV in Seoul was swallowed whole by a sinkhole, injuring two occupants.

  • A small plane made an emergency landing on a North Carolina highway and then got smacked by a car.

📺 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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