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- ๐ The infinite money glitch rolls on
๐ The infinite money glitch rolls on
๐จ But the Fed is considering raising rates
Back home today, so service has returned to normal. Enjoy todayโs S&I.
If you like making money, check out my observations of Jalisco, Mexico, and the opportunities there. Theyโre (literally) ๐ฅ
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, โRootlessโ, is crushing it in this space. They're growing quickly and have made room for Alts members to get in on their โequity roundโ.
This is the kind of investment idea we LOVE at Alts.
โ Huge Market?
โ Unloved Market?
โ No competition?
โ Solves a painful problem?
โ Wealthy customers?
I'll review the opportunity this week, but you can skip the queue today.
Are you looking to invest $25k or more? โRequest a warm introductionโ to Sachi, the CEO.
๐ฐ Market Headlines
Nvidiaโs earnings jumped 461% year over year boosting shares 4%.
The company also saw a 262% revenue increase and announced a 10-for-1 stock split effective in June.
It beat estimates for both EPS and revenue with $26 billion in revenue vs the expected $24.69 for Q1.
Fed minutes revealed officials' willingness to raise rates if inflation persists, keeping rates higher for longer.
The Nasdaq responded with a 0.4% jump, while S&P 500 and Dow futures dipped 0.2% and 0.1%.
A Harris poll shows nearly three in five Americans wrongly believe the US is in a recession. [Ed: This entire poll is suspect]
UK Prime Minister Rishi Sunak announced a rare snap general election for July 4.
๐ถ๏ธ Market Vibes
๐ฐ Market Forecasts and Futures
The first major bank head has predicted zero rate cuts this year:
Goldman Sachs Group Inc. CEO David Solomon said he currently expects that the Federal Reserve won't cut interest rates this year, amid an economy that's proved more resilient thanks to government spending.
"I still don't see the data that's compelling to see we're going to cut rates here," he said from an event hosted by Boston College, adding that he's currently predicting "zero" cuts.
๐ฑ Fear and Greed Index
๐ค What you said last time
You guys nailed it again.
๐ง What do you think?
๐ฌ Have your say
How many rate cuts this year? |
๐ Stocks
Get $20 free shares at โpublic.comโ using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Petco jumped 17.4% after posting a narrower-than-expected Q1 loss and sales that topped estimates.
Nvidia beat estimates; shares climbed 4%.
Target shares tumbled 8% on weak Q2 guidance.
Elf Beauty topped Q4 revenue and profit estimates; stock increased 1.04%.
Snowflake reported a 33% jump in Q1 revenue; shares surged 7.5% despite a slight EPS miss.
Williams-Sonoma posted better-than-expected Q1 earnings, but stock plummeted 10.96%.
Market movers
Pfizer launched a new program to cut expenses by $1.5 billion by 2027, adding to last year's $4 billion plan.
Google, Meta, Microsoft, and Salesforce launched the Symbiosis Coalition to support nature-based carbon removal projects. [Ed: This sounds super creepy]
Techstars CEO Maรซlle Gavet is out after a rocky tenure, with co-founder David Cohen taking over.
OpenAI struck a multi-year deal with NewsCorp. to use articles from The Wall Street Journal, MarketWatch, and The New York Post to train AI models.
Spyware was found on check-in computers at several US Wyndham hotels.
TikTok plans to cut 1,000 jobs this week due to the potential US ban.
Ideas, trends, and analysis
US existing home sales unexpectedly fell 1.9% in April.
Demand for skilled Indian blue-collar workers has surged 25% in the UAE over the past year.
The average US vehicle age has hit a record 12.6 years as high prices keep cars on the road longer.
Researchers estimated the April 8 solar eclipse had a $7.7 million impact on Tyler, Texas's economy as visitors flocked to the city.
Denver's business boom has created labor and housing shortages as the city's population grew 20% from 2010-2020.
๐ Global Perspectives
๐บ๐ธ ๐ต๐ธ ๐ฎ๐ฑ The Pentagon said none of the aid delivered to Gaza through a US-built temporary pier has been distributed.
๐ฎ๐ช ๐ช๐ธ ๐ณ๐ด ๐ต๐ธ Ireland, Spain, and Norway announced they would recognize a Palestinian state on May 28.
๐ท๐บ ๐บ๐ธ Russia dismissed the US assertion that it launched an anti-satellite weapon into space, calling it "fake news."
๐ฆ๐บ Australia reported its first human case of avian influenza in a now-recovered child.
๐ Crypto
The White House has opposed the FIT21 crypto bill that seeks to limit SEC oversight.
Ether price hit a 2-month high against Bitcoin as BTC sought to flip $69,000.
The London Stock Exchange is set to list Bitcoin and Ether ETPs from WisdomTree, 21Shares, and others this month.
๐ง Errata
Australian computer scientist Craig Wright said he invented Bitcoin but a UK court calls him a liar.
Thirteen counties in Oregon voted to begin negotiations to secede from the state and join Idaho.
A SpaceX rocket was spotted loaded with government spy satellites.
There are now five galaxies named Donatiello, and you'll never guess who named them.
๐บ What to Watch Today
Thatโs all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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