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- 💰 Nvidia's infinite money glitch reports Wednesday
💰 Nvidia's infinite money glitch reports Wednesday
🇮🇳 Plus, India's economy will grow nearly 7% this year
Wyatt from Alts
20 May
I’m in Guadalajara, Mexico today, heading to Tequila in a bit. Thanks for your patience with these coming a bit later this week.
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.
Are you looking to invest $25k or more? Request a warm introduction to Sachi, the CEO.
📰 Market Headlines
Nvidia earnings are on deck for Wednesday, with the potential to accelerate or scuttle the recent market rally.
It gained nearly $1 trillion in market cap since the start of 2024.
Analysts expect it to continue its seemingly infinite winning streak.
The national debt is starting to spook investors, with the federal IOU now at $34.5 trillion.
24X National Exchange, a trading platform backed by Steve Cohen, is seeking SEC approval to operate a 24/7 exchange. [Ed: No rest for the wicked]
A helicopter carrying Iranian President Ebrahim Raisi crash-landed Sunday, state media reported, with weather conditions complicating rescue efforts. He died.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
Thanks guys, I’m up $600.
📈 Trends you need to know
.
The US dominates in-person casino spend by a wide margin. Also, the top games bit looks like the scammy part of the app store.
🧠 What do you think?
💬 Have your say
Iran’s President and Foreign Minister died in a helicopter crash over the weekend.
Why did the Iranian president's helicopter crash? |
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Another week means another slew of earnings reports. Here’s who to look out for:
Tuesday: AutoZone (AZO), Macy's (M), XPeng (XPEV), Toll Brothers (TOL), Urban Outfitters (URBN)
Wednesday: Nvidia (NVDA), e.l.f. Beauty (ELF), Petco (WOOF), Snowflake (SNOW), Target (TGT), TJX (TJX), Williams-Sonoma (WSM)
Thursday: BJ's (BJ), Deckers Brands (DECK), Intuit (INTU), Polestar (PSNY), Ralph Lauren (RL), Ross Stores (ROST), TD Bank (TD), Workday (WDAY)
Market movers
Elon Musk launched SpaceX's Starlink internet service in Bali, providing connectivity for millions.
NASA's X-59 plane, designed to fly from London to NYC in 1.5 hours, passed its Flight Readiness Review, allowing for a test run this year.
Blue Origin successfully completed its first crewed mission in nearly two years, bringing six tourists to the edge of space.
The US Justice Department and TikTok asked an appeals court to fast-track a ruling on the legality of a law that could ban the app by January 19.
Mercedes-Benz employees in Alabama rejected joining the United Auto Workers union.
More layoffs:
Ideas, trends, and analysis
The UN has projected the global economy will grow 2.7% in 2024, up from its 2.4% January forecast.
Malaysia's economy grew faster than expected at 4.2% in Q1.
Kenya ranked number 3 in Africa for fastest-growing companies in 2024, with 11 firms making the list.
India has been named the top investment destination for Western corporations, with the economy expected to expand by 6.9% this year.
🌍 Global Perspectives
🇬🇪 Georgia's President Salome Zourabichvili vetoed a controversial bill that sparked weeks of widespread protests across the country.
🇵🇱 Poland announced plans to invest 10 billion zlotys ($2.55 billion) to secure its eastern border against Russia and Belarus.
🇷🇺 🇮🇹 A Russian court seized 463 million euros of UniCredit assets as part of a lawsuit over an aborted gas project involving the Italian bank.
📊 Crypto
Coinbase expects a 30% to 40% chance of spot ETH ETF approval by month-end.
Morgan Stanley bought $269.9 million of Grayscale's GBTC.
Steven Cohen's Point72 hedge fund held $77.5 million of the Fidelity Wise Origin Bitcoin Fund in Q1.
🧠 Errata
NASA astronauts were caught practicing their moonwalking moves in the Arizona desert.
The man charged with punching Steve Buscemi in the face is being held on a $50,000 bond.
China showed off its robot dogs strapped with machine guns.
📺 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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