It was a busy day in the agave fields today, but I'm returning home tonight. Thanks for your support.

We’re considering investing in farmland like this via Altea, our private community.

Do you want to know more? Apply today.

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.

Check out the funding page →

Are you looking to invest $25k or more? ​Request a warm introduction​ to Sachi, the CEO.

📰 Market Headlines

  • The S&P 500 and Nasdaq notched fresh record highs yesterday as investors awaited Nvidia's earnings report with bated breath.

    • The Dow inched up 0.17%, and the S&P 500 gained a modest 0.25%. The Nasdaq eked out a 0.22% advance.

  • NVIDIA will report earnings right after the bell today. Analysts expect a 400% year-over-year boost in profits.

  • President Biden, who long avoided touting stock market gains, now can't resist.

  • Sales taxes have surged 50% in the past 3 years, hitting low-income families in big cities especially hard.

  • A Singapore Airlines flight from London hit severe turbulence, killing one passenger and injuring 30. Yes, it was a Boeing.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi​, the prediction market.

😱 Fear and Greed Index

🎤 What you said last time

📈 Trends you need to know

.

How does NVIDIA keep this up?

🧠 What do you think?

💬 Have your say

📊 Stocks

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

Get my free shares →

Winners and losers

Earnings, upgrades, and acquisitions

  • Lowe's fell 1.9% despite reporting better-than-expected Q1 earnings and revenue.

  • XPeng beat estimates, launching shares 11.4%.

  • Macy's topped Q1 earnings estimates; shares rose about 1%.

  • Urban Outfitters presented record Q1 sales and earnings, shares climbed 8.9%.

  • AutoZone beat Q3 EPS estimates but missed revenue, slumping shares 1.7%.

  • Toll Brothers inched higher by 1% after surpassing analysts’ estimates.

Market movers

  • The EU approved the AI Act, establishing global AI regulations with fines of up to 7% of revenue for violations.

  • Nestle announced the launch of a $5 line of frozen pizzas and protein-enriched pasta for people taking Ozempic.

  • California's top court decided to review a union challenge to Uber and Lyft's driver classification as contractors rather than employees with benefits.

  • Pixar Animation Studios cut approximately 14% of its workforce or around 175 employees, the biggest reduction in Pixar's history.

Ideas, trends, and analysis

  • The San Francisco Fed says high inflation is due to supply chain issues, tight labor market, and stimulus-driven demand, not corporate greed.

  • Silver has caught fire, gaining over 20% in May as gold and copper both reached fresh all-time highs.

  • Florida's senior living industry is struggling with surging property insurance costs, with premiums up 125% in 5 years.

🌍 Global Perspectives

  • 🇺🇸 🇮🇱 The US Central Command said more than 569 tons of aid was delivered across a floating pier into Gaza.

  • 🇮🇱 🇵🇸 Israeli forces raided the West Bank city of Jenin, killing seven.

  • 🇲🇩 🇪🇺 Moldova signed a security and defense partnership with the EU.

  • 🇺🇸 🇲🇽 Two sets of earthquake swarms hit the California-Mexico border region, with the largest quake hitting a magnitude of 4.1.

📊 Crypto

🧠 Errata

📺 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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