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- 🥶 Retail sales came in ice cold
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Auerbach’s record-breaking piece
The World's First Exchange-Listed Portfolio of Pre-IPO Shares
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Invest in private tech unicorns like OpenAI, SpaceX, and Stripe
Anyone can invest through a brokerage account when it lists
Destiny is building the world's first exchange-listed product for secondaries.
DXYZ plans to list on the New York Stock Exchange in March.
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Destiny Tech100 fund holdings are subject to change and are not recommendations to buy or sell any security. Current and future portfolio holdings are subject to risk and current as of publication date.
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📰 Market Headlines
*past 24-hour performance
Wall Street surged as an unexpected retail sales slump fueled hopes for rate cuts.
A Commerce Department report showed a 0.8% drop in January's retail sales, led by auto and gasoline sales.
PPI comes out today.
The S&P 500 closed at an all-time high, and every other index closed up too.
Japan's Nikkei hit a 34-year peak pushed by the same tailwinds.
Coinbase reported its first quarterly profit since 2021, with a 64% increase in transaction revenue to $529.3 million; up 15%
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🧠 What do you think?
Nvidia reports earnings next week, and expectations are sky-high after several beats in a row.
I think the company is going to smash estimates, but will that be enough to take shares higher?
🤖 Will Nvidia: |
🎤 What you said last time
The 5000 - 5500 range was the most popular bracket. But if we split on “correction or no correction,” it’s almost perfectly tied.
📈 Trends you need to know
Search results are from our friends at Glimpse, my favorite way to spot trends.
Charcoal artists are growing increasingly more popular as modern masters like Frank Auerbach rack up four-star reviews. |
📊 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
Dropbox slightly beat earnings expectations but issued disappointing revenue forecasts; shares tumbled over 6%.
Tripadvisor provided no 2024 guidance, hinting at a possible acquisition; shares climbed 10%.
DraftKings issued strong revenue guidance and acquired Jackpot for $750M but fell 3%.
Roku shares nosedived 14% despite a revenue beat and growth in accounts and streaming hours.
Shake Shack shares rocketed 26% on strong earnings and an optimistic outlook.
Yelp issued weak revenue guidance for the next quarter; shares plummeted over 15%.
Market movers
Toast is slashing 550 jobs, 10% of its workforce, amid slowing growth.
Nvidia's AI investments, including a $147.3 million stake in Arm Holdings, boosted stock prices for Arm, Recursion Pharmaceuticals, and SoundHound AI.
Nike is axing 2% of its staff in a $2 billion cost-cutting move.
The national average gas price soared to $3.28 per gallon, marking a 2-month high.
Ideas, trends, and analysis
Three AI software stocks other than Palantir.
Shopify might be a solid buy post-earnings dip.
Seven firms closing in on $1 trillion.
A surge in immigration is poised to boost the U.S. economy by $7 trillion over the next decade.
🌍 Global Perspectives
🇨🇩 In the Democratic Republic of Congo, M23 rebel violence led to over 200 deaths and 50,000 fleeing.
🇹🇼🇨🇳 Taiwan and China faced off over a fatal accident involving Taiwan's Coast Guard near a contested islet.
🇰🇿 Kazakhstan just had one of the largest methane leaks in history.
📊 Income
Five stocks with sky-high dividends.
Why you should avoid this 9.7% dividend stock.
Alibaba is starting to look like an income, not a growth stock.
📊 Crypto
Coinbase reported its first quarterly profit since 2021, with a 64% increase in transaction revenue to $529.3 million.
Bitcoin ETFs are elevating public miners' stocks.
This Bitcoin rally has good fundamentals
🧠 Errata
Big day for AI.
OpenAI's Sora generates stunning video from text.
Google's Gemini 1.5 AI can process up to 1 million tokens.
The first private lunar mission was launched from Cape Canaveral.
A new type of magnet with practical applications.
How K-pop influenced Indonesia's election.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
