Investing in Uranium. The next big thing or just a more explosive way to lose your money?
Patented, research-backed stress-relief
It uses a combination of vibrations and sound to stimulate the vagus nerve and destress your nervous system in just 10 minutes.
Sensate is raising $3.5m:
Innovative tech: Utilizing infrasonic therapy, Sensate stands out with its patented, unique approach.
Off to a great start: Since launching in 2019, Sensate has generated $15 million in revenue.
Proven demand: Sensate has 50,000 users, who have logged over sixty million minutes of use, or about 1,200 minutes per user.
High-growth market: The wearable wellness device market is expected to hit $69 billion by 2028, with a CAGR of 13.8%.
Learn more:
Read our deep dive analysis on the company and product
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📰 Market Headlines
Wall Street rallied on Fed's rate-cut hint, with Powell declaring September reduction "could be on the table"
The S&P 500 and Nasdaq soared 1.6% and 2.6%, respectively, while the Dow rose a modest 0.2%.
Tech stocks bounced back with Nvidia surging 12.9%, and Advanced Micro Devices rallying 4.4%.
The United Auto Workers union officially endorsed Vice President Kamala Harris for US president.
CrowdStrike faces a shareholder lawsuit over the global software outage that crashed 8 million computers, wiping out $25 billion in market value.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
📈 Trends you need to know
Is Boeing the greatest turnaround story in the history of the world?
Probably not.
🧠 What do you think?
How many more Boeing planes will break inflight this year?
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Meta beat Q2 revenue expectations with $39.1 billion, up 22% year-over-year; shares rallied 4%.
Boeing rose 3% despite reporting a wider-than-expected Q2 loss and weaker revenue.
Mastercard beat Wall Street estimates for both profit and revenue, pushing share price up 3.6%
Qualcomm jumped 8% after beating Q3 estimates with adjusted EPS, driven by a 12% rise in handset sales.
Arm exceeded Q1 expectations but issued light earnings guidance causing shares to plummet over 13%.
Carvana surged 14% after beating Q2 estimates and projecting a record 2024 adjusted EBITDA.
Humana beat second-quarter adjusted EPS estimates, yet stock price plummeted 10%.
The Kraft Heinz Company rose 4% despite the company's second-quarter revenue falling short of expectations.
Market movers
Delta Air Lines faces $500 million in costs from a global tech outage, including lost revenue and passenger compensation.
Boeing named aerospace veteran Kelly Ortberg as CEO to steer its turnaround.
Reddit CEO called on Microsoft, Anthropic, and Perplexity to pay for scraping the site's data, following deals with Google and OpenAI.
A CIO canceled its Microsoft 365 Copilot AI subscription, citing high costs and low value.
Bungie laid off 220 employees, representing 17% of its workforce, and moved 155 to other Sony departments.
Ideas, trends, and analysis
A study found Gen X and millennials are at higher risk of developing 17 types of cancer compared to past generations.
US labor costs increased moderately by 0.9% in Q2, with private sector wages growing at the slowest pace in 3.5 years.
Recent surveys showed 94% of institutional investors and 83% of retail investors are long-term believers in digital assets.
🌍 Global Perspectives
🇵🇸 🇮🇱 Hamas leader Ismail Haniyeh was killed in an airstrike in Tehran, escalating tensions in the Middle East.
🇺🇸 United Airlines and Delta Airlines suspended flights to Tel Aviv due to security concerns.
🇺🇦 Ukraine's air force repelled one of Russia's largest drone attacks of the war, shooting down all 89 drones launched.
🇲🇲 Myanmar's military junta extended emergency rule for another six months due to escalating conflict.
🇬🇧 Thousands gathered in London to protest after three young girls were killed in a knife attack in Southport.
📊 Crypto
Grayscale's Bitcoin Mini Trust (BTC) began trading on NYSE Arca with a 0.15% fee, the lowest among spot Bitcoin ETFs.
US spot Ethereum ETFs saw $33.7 million in net inflows, ending a streak of negative flows.
The Bahamas passed DARE 2024, new crypto legislation aimed at restoring its status as a digital asset hub post-FTX collapse.
🧠 Errata
A deadly wildfire in Colorado claimed a life, while California's Park Fire became the state's fifth-largest blaze in history.
Louisiana bizarrely banned the iconic Amanita muscaria mushroom, sparking confusion and conspiracy theories.
About 150 people were sickened and one person died after eating grilled eel from a Yokohama department store.
📺 What to Watch Today
Somebody get Smokey The Bear.
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
