🚒 More Boeing planes and tires fall out of the sky

🏢 While the jobless rate holds steady

Author

Wyatt from Alts
March 08, 2024

Sponsored by

I wrote up my five favorite investing ideas in Mexico after spending three weeks there. If you like money, have a look.

If you want to invest in something you like there, hit reply, and I’ll try to help you out.

Invest before this company becomes a household name

What if you had the opportunity to invest in the biggest electronics products before they launched into big box retail, would you?

Ring changed doorbells and Nest changed thermostats. Early investors in these companies earned massive returns, but the opportunity to invest was limited to a select, wealthy few. Not anymore. RYSE has just launched in 100+ Best Buy stores, and you're in luck — you can still invest at only $1.50/share before their name becomes known nationwide.

They have patented the only mass market shade automation device, and their exclusive deal with Best Buy resembles that which led Ring and Nest to their billion-dollar buyouts.

📰 Market Headlines

*past 24-hour performance

  • President Biden's State of the Union argued US economic recovery post-pandemic is the "greatest comeback story never told."

  • Tech stocks lead the charge, pushing the S&P 500 and Nasdaq to new highs.

  • Fed Chair Jerome Powell signaled the Fed may soon cut interest rates.

    • “We’re waiting to become more confident that inflation is moving sustainably at 2%. When we do get that confidence, and we’re not far from it, it’ll be appropriate to begin to dial back the level of restriction,”

    • “I think we’re in the right place.”

  • US jobless claims held steady, with unemployment constant at 3.7%.

  • European markets reflected this optimism, with the Stoxx 600 breaking past the 500-point level for the first time ever.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via Kalshi, the prediction market.

😱 Fear and Greed Index

🧠 What do you think?

How long until a Boeing airplane kills someone?

Login or Subscribe to participate in polls.

🎤 What you said last time

3.7% and steady.

📈 Trends you need to know

Japan’s cherry blossoms are an unstoppable tourism juggernaut.

📊 Stocks

Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathaway’s portfolio with just a few clicks.

Winners and losers

Earnings, upgrades, and acquisitions

  • Gap shares surged 5% as Old Naxy experienced growth for the first time in over a year.

  • Broadcom shares dropped by 2% after missing revenue targets.

  • MongoDB exceeded quarterly earnings and sales expectations but experienced a 9% drop in after-hours trading.

  • Docusign soared 13% after an earnings beat and an 8% year-over-year revenue bump.

  • American Eagle announced a 65% increase in adjusted earnings, yet its stock price dropped 1.9%.

  • Ciena's first-quarter profit beat estimates, but weak revenue guidance led to a 14.7% drop in stock price.

  • Big Lots reported a 7.2% decline in revenue year-over-year; shares are stable.

Market movers

  • Rivian shares surged 13% following the unveiling of three new vehicles and a $2.25 billion savings plan.

  • The U.S. saw 84,638 job cuts in February, a 3% increase from January.

  • The U.S. House panel unanimously approved a bill to force ByteDance to divest TikTok or face ban.

  • Novo Nordisk's shares surged after promising drug trial data, zooming past Tesla to make it the 12th most valuable company.

Ideas, trends, and analysis

🌍 Global Perspectives

  • 🇨🇳 China's exports soared 7.1% in January and February.

  • 🇾🇪 A Houthi missile attack on a Red Sea merchant ship killed three seafarers.

  • 🇺🇸🇵🇸 President Biden announced the U.S. will construct a port in Gaza for humanitarian aid.

  • 🇷🇺🇬🇷 A Russian missile strike nearly triggered NATO's Article 5.

  • 🇭🇹🇰🇪 A UN-backed security mission in Haiti faces new challenges due to legal roadblocks in Kenya.

  • 🇵🇸 Gaza cease-fire deal unlikely as Hamas leaves Cairo without an agreement.

  • 🇵🇹 Portugal's general election is uncertain amidst corruption and economic issues.

📊 Income

  • Tax-free bonds ready to soar with potential Fed rate cuts.

  • These two hidden gems feature yields up to 11.4%.

  • Enbridge bolsters its dividend growth engine with $500 million in new investments.

  • Capital One, a Buffett pick, is still a bargain despite a 25% surge.

📊 Crypto

  • Tesla's Bitcoin wallet shows an increase of 1,789 BTC.

  • Spot Bitcoin ETFs attracted $8.5 billion since their January debut.

  • JPMorgan claims Bitcoin has surpassed gold in investor portfolios.

  • Bitcoin miner revenue hit its second-highest daily total at $75.9 million.

  • Superstate leads a new alliance to shake up Treasury trading with blockchain.

🧠 Errata

  • Crying children and grown men alike attempt to save TikTok from a potential Congress ban.

  • Sam Altman’s ambition has gone nuclear, with plans for fusion-powered AI and a $7 trillion chip overhaul. [Ed: I’m not impressed unless he’s using cold fusion]

  • Chernobyl's worms are immune to radiation, leaving scientists to wonder what else these super-bugs are capable of.

  • A United Airlines flight loses a tire after takeoff, while another bursts into flames.

📺 What to Watch Today

John Oliver says Boeing’s decline started with too much focus on stock price & buybacks and not enough on … planes that fly.

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt