🚀 Google blew out earnings

🤮 And Starbucks axed its disgusting olive oil-based drinks

Thoughts and prayers to the dozens who have lost their lives in in the Spanish flooding this week.

How to invest in horror films 🎬

Film investing is hot, and Horror is the most profitable film genre by far.

There's a new way you can invest in horror films, and it's through one of our newest partners, Greenlit.

​Greenlit​ is a platform that connects investors to filmmakers. It allows investors to easily analyze, track and manage their investments.

Alts is partnering with Greenlit to bring you exclusive access to a bundle of horror films currently in development.

Current offering: Horror film slate

Genre: Horror/Comedy/Psychological

Production: Disaster Capital Productions

Funding: $1m total

Current status: Development

Film summaries:

Why invest?

  • We love slates as they de-risk your investment

  • All preliminary budgets are $5m.

  • The producer is in talks with international production partners to bring production costs under $1m while retaining the equivalent production value of a $5m film.

  • Production is international and can get 25% tax rebates, which can be leveraged to secure debt and gap financing.

Want to invest?

📰 Market Headlines

Markets ended mixed with the Nasdaq hitting a record high while the Dow slipped.

  • The tech-heavy index jumped 0.8% while the Dow fell 0.4%

  • Home prices hit another record in August but showed signs of strain, with the slowest annual gain since mortgage rates peaked in 2023.

Chinese hackers targeted call data from Eric Trump and Jared Kushner as part of a sweeping cyber-espionage campaign ahead of the election.

JP Morgan Chase filed lawsuits against customers who exploited a viral TikTok "infinite money glitch”.

Google destroyed earnings

🧠 Make yourself heard

Another quiz!

Over the last decade, the S&P 500 has returned around 13% CAGR. That’s driven by three levers:

  1. Earnings growth

  2. Dividends

  3. Multiple expansion

You’ll find the answer later on.

How much has come from earnings growth?

Login or Subscribe to participate in polls.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi, the prediction market.

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📊 Ideas, trends, and analysis

Over the last decade, over 1/3 of the S&P 500’s growth has come from multiple expansion rather than earnings growth.

🕵️ Notable

  • US GDP growth is expected to hit 3.1% in Q3, marking the 10th straight quarter of expansion.

  • Job openings plunged to 7.44 million in September, the lowest since January 2021.

😱 Fear and Greed Index

📊 Winners and losers

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

Earnings, upgrades, and acquisitions

  • Alphabet beat expectations with Q3 revenue; shares rose 3%.

  • AMD forecast Q4 revenue below estimates as shares tumbled 5%.

  • BP posted its weakest quarterly profit since 2020, and shares fell 4%.

  • Snap beat expectations; shares climbed 10%.

  • Chipotle reported mixed results: same-store sales grew 6%, slightly missing estimates, and shares fell 7%.

Market movers

  • AT&T struck a $1 billion multi-year deal with Corning for fiber expansion.

  • Starbucks eliminated its controversial olive oil-infused drinks less than a year after launch.

  • Visa axed 1,400 jobs, primarily in technology and merchant sales roles.

  • Publicis Groupe laid off up to 200 digital agency employees following earlier cuts of 150 media staff.

Recommended Newsletter

🌍 Global Perspectives

  1. 🇮🇱 Israel's parliament passed two laws that will ban UNRWA from operating in its territory and strip the UN agency's staff of legal immunities.

  2. 🇱🇧 Hezbollah named 71-year-old cleric Naim Qassem as its new leader after Hassan Nasrallah was killed in an Israeli airstrike.

  3. 🇰🇵 🇷🇺 The Pentagon confirmed that thousands of North Korean troops are moving toward Russia's Kursk region.

  4. 🇨🇳 🇪🇺 The European Union imposed new tariffs of up to 45.3% on Chinese electric vehicles to counter what it calls unfair subsidies.

📊 Crypto

  • A university professor sued TVA for Bitcoin mining records, revealing one facility used 9.4% of Knoxville's power but had 30 workers.

  • Gemini secured regulatory approval in Singapore, planning to double its 40-person workforce as part of its Asia expansion strategy.

🎤 What you said last time

What you had to say:

“Economy is slowing down.”

🧠 Errata

  • The "Halloween comet" broke apart after flying too close to the sun, NASA confirmed.

  • A PhD student accidentally discovered a huge lost Maya city in the Mexican jungle while browsing Google.

  • Scientists found the world's tiniest toad, measuring just 6.95 millimeters long.

  • A lost Chopin waltz was discovered on a postcard nearly 200 years after it was written.

📺 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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