- Stocks & Income
- Posts
- 🎉 Happy CPI Day to those who celebrate
🎉 Happy CPI Day to those who celebrate
🪓 Plus jobs site Indeed is firing 1,000 people
Wyatt from Alts
15 May
I’m traveling for the next couple of weeks, so your Stocks and Income issues may come later in the day than usual.
Take Advantage of Rent Growth in High Demand Texas Market
BV is developing the "Landhause at Greune" a multifamily property in the high-growth San Antonio/New Braunfels Metroplex.
This farmhouse-style property offers 356 ”Class A” units and exceptional amenities that will set the standard in the local market.
This property offers a unique farmhouse style with 356 ”Class A” units and exceptional amenities that will set the standard in the local market.
BV Capital believes that multifamily ground-up construction presents a significant opportunity for investors today, as they expect a supply-demand imbalance to materialize in the Texas multifamily market come 2025.
Projects that manage to get off the ground now, like Landhaus at Gruene, will be there to meet that demand — and even benefit from higher rental rates.
The offering is approximately 90% subscribed — accredited investors don’t miss your chance to be part of this exciting project.
Click here to learn more about this unique multifamily investment and view the full rendering video.
📰 Market Headlines
Late gains ended a volatile trading day as investors reviewed mixed inflation data, and waited for today’s critical CPI report.
The Nasdaq climbed about 0.8%, closing at a record high.
The S&P 500 and the Dow jumped about 0.5% and 0.3%, respectively.
The producer price index rose more than expected in April, up 0.5% versus the 0.3% forecast.
President Biden unveiled steep tariffs on China, claiming “the competition… hasn’t been fair.”
Google rolled out new AI models, including Gemini 1.5 Pro.
With plenty of room for improvement.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
Favorite comment:
“As an American, I appreciate the change in culture. Also food. Mostly food. Actually, it's just food. I would move to Asia and just eat.”
📈 Trends you need to know
.
Interest in moving to Europe and Mexico continues to get stronger, while moving to Asia is gaining traction.
🧠 What do you think?
💬 Have your say
Today's CPI will |
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Sony Group posted strong Q4 results, with sales up 14% year-on-year; shares climbed 6.3%.
Home Depot reported a 2.3% decline in Q1 revenue, yet the stock price remained stable.
Alibaba shares sank 7% after reporting an 86% drop in Q4 net income.
Rumble rose 2.4% after reporting Q1 revenue up 1% year-on-on-year.
Uber agreed to buy Foodpanda, a subsidiary of Taiwan's Delivery Hero, as part of a broader $1.25 billion deal.
Market movers
AWS CEO Adam Selipsky has stepped down, with sales chief Matt Garman taking over.
Tesla was sued by the Environmental Democracy Project for its "ongoing failure to comply with the Clean Air Act."
Vanguard Group Inc. appointed BlackRock veteran Salim Ramji as its next CEO, succeeding Tim Buckley.
Google unveiled its Trillium chip, improving AI data center performance nearly fivefold.
Indeed announced plans to cut 8% of its US workforce; about 1,000 jobs.
Ideas, trends, and analysis
Over a third of US consumers experienced gig economy fraud, up 21% from last year.
New vehicles have become more affordable as auto loan interest rates declined to 10.47% in March, the lowest since September.
Foreign direct investment into China plummeted 56% in Q1 2024, with Xi Jinping's stringent policies to blame.
Consumer confidence dipped in April, with 17% saying their finances are poor or very poor.
🌍 Global Perspectives
🇳🇨 🇫🇷 New Caledonia imposed security forces and a curfew as violence emerged over proposed constitutional amendments.
🇬🇧 🇭🇰 Three men were charged in a UK court with assisting Hong Kong's foreign intelligence service in Britain.
🇫🇷 Two hooded gunmen ambushed a police van in Normandy, France, killing at least two prison officers and freeing a prisoner.
🇪🇺 The European Union completed the reform of its migration and asylum policy despite Poland and Hungary voting against it.
📊 Crypto
President Biden shut down a Chinese-owned Bitcoin miner in Wyoming over national security concerns.
The State of Wisconsin Investment Board revealed $163 million in spot Bitcoin ETF investments.
North Korea laundered $147.5 million in stolen crypto through Tornado Cash in March, according to a UN report.
CoinShares posted record revenue in Q1 2024, surging 216%.
🧠 Errata
Killer whales sank a yacht.
The dating app Bumble was forced to apologize for making fun of celibacy.
Scientists put little backpacks on hummingbirds.
A Tennessee couple transporting $3 million in cocaine was killed in a shootout with Texas authorities.
📺 What to Watch Today
The latest killer whale attack didn’t have any good footage of it, but this one from the same area about a year ago has some wild footage of the Orca’s ripping off pieces of a boat.
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
Reply