TOGETHER WITH

Hey there weekday warriors,

It’s come to my attention that my note looking for a writer has some of you thinking I’m going somewhere. Well, I’ve got some good news for you (or bad news if you don’t like me)…

I plan on writing The Water Coolest for a very, very long time, but the only way TWC can grow is to bring on some top-notch talent.

So, if you think you’ve got what it takes to be a part of The Water Coolest’s content team, apply to be a part-time writer or check out the full job description.

Enjoy the next 4 minutes and 19 seconds of blue-chip news and commentary.

Keep on snapping necks and cashing checks,

– tyler

+ US stocks “rallied Friday to kick off November as Amazon led big technology stocks into the green and traders looked past a disappointing jobs report.” (CNBC)

+ The 10-year Treasury yield “rose as traders downplayed October jobs data showing meager job growth that was hurt by hurricanes and striking workers, and was far below what Wall Street was expecting.” (CNBC)

+ Oil “edged up on Friday on reports Iran was preparing a retaliatory strike on Israel from Iraq in coming days, but record U.S. output weighed on prices.” (Reuters)

+ Bitcoin sold off steadily throughout the weekend.

+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Super Micro Computer -10.5% 2) Trump Media -13.5% 3) Nvidia +1.9% // +2.9% after hours

The market moves you need to know about…

– Remember how Trump Media mooned over the past few weeks, but it wasn’t entirely clear why? Well, according to the NY Post, rumors had been swirling in certain circles that Elon Musk was considering a takeover of DJT. It would reportedly be rolled into Twitter. Unfortunately, the news wasn’t enough to stop the recent bleeding. Shares fell 13.5% on Friday.

+ Globalstar, not to be confused with Worldstar, had itself a day after it announced an expanded deal with Apple (perhaps you’ve heard of them?). The satellite company is AAPL’s infrastructure partner for its SOS emergency texting tech. Globalstar soared 31.4% on Friday.

Are investors sleeping on the smart home space?

Finding the next big investment opportunity and getting in early isn’t easy. If it were, we’d all be rich. Even the Sharks from “Shark Tank” get it wrong. Like when they declined an offer to buy 10% of Ring for $700,000. Bet they regretted that when Amazon bought Ring for $1 billion. 

So, just how did Ring blow up and change doorbells forever? Retail distribution.

We’ve talked about RYSE and their recent launch in 100+ Best Buys. But did you know they pitched on Canada’s version of “Shark Tank” called “Dragons Den” and received two offers?

The smart home industry has yielded massive returns for early investors. And the next sleeping giant could be RYSE.

Don’t make the same mistake the Sharks did.

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Intel is Dow bad

Stop, stop, he’s already dead…

The Dow Jones Industrial Average did not have to kick Intel when it was down.

You see, DJ is replacing Intel (+7.8% // -1.8% after hours) with Nvidia (+1.9% // +2.9% after hours) in the 30 stock index. It’s the market equivalent of putting your old dog up for adoption when you see a cute new puppy.

Not that the Dow had much of a choice…

Nvidia has made a pretty compelling case. Shares are up more than 800% since the beginning of 2023. And its market cap is second only to Apple ($3.3T for those of you keeping score at home). Not to mention, its CEO is out here signing t*tties like he’s Tommy Lee circa 1987.

Of course, it doesn’t hurt that Intel’s story has been harder to watch than Dallas Buyer’s Club after you’ve been off your SSRIs for a few days. Shares have fallen nearly 70% from their 2021 highs.

The chipmaker has botched rollouts of new tech and bit off wayyy more than it can chew with its capital-intensive foundry biz.

So, what does it all mean?

Intel fell 1.8% and Nvidia jumped 2.9% after hours… but it’s not entirely clear why.

The Dow Jones is kinda like the participation trophy of the stock indexes. It’s got just 30 components and isn’t tracked by a whole lot of funds or ETFs. Turns out it isn’t incredibly diversified.

Inclusion in the S&P 500, on the other hand, is a BFD. It means asset managers will need to go out and buy a ton of stock to rebalance the portfolios that track the index.

+ Berkshire investors to Warren Buffett: “What are you gonna do with 300 bill? Put it on your pile with all your other f*cking bill?”

Warren Buffett: “Uh huh, probably”

The Oracle of Omaha dropped Berkshire’s earnings on Saturday because… well I’m not entirely sure why Berkshire reports on the weekend, but I think Nvidia could benefit from doing the same. Imagine the watch parties in Murray Hill…

Berkshire reported that it’s now sitting on north of $300B in straight cash homie. Who’s going to tell Warren he can’t take it with him? During the most recent quarter, Berkshire sold down its Bank of America and Apple stake. Oh, and it refused to buy back its own shares, halting all stock repurchases.

What do you know, old man?

+ In a storyline straight out of ‘The Office’ Google (-0.02%) execs held an all hands to reassure the worker bees that their jobs were safe… while wearing Halloween costumes.

Specifically… “Google’s chief scientist, Jeff Dean, wore a starfish costume to the meeting, while [CFO] Ashkenazi sported a jersey of former Indiana Pacers star Reggie Miller. CEO Sundar Pichai wore a black t-shirt that read “ERROR 404 COSTUME NOT FOUND” with an image of a pixelated dinosaur.”

They were forced to address the concerns after Ashkenazi (can we all agree that’s a brutal last name to have for the last 80 or so years?) hinted at “cost savings” (aka layoffs) during the search giant’s earnings call on Tuesday. This, understandably, for lack of a better word, spooked, the proletariat.

+ The US added *double checks notes* 12k jobs in October. And before you blame the Bureau of Labor Statistics intern for #REF’ing the Excel Model, let’s take a trip down memory lane, shall we?

October was a clusterf*ck of a month. The jobs report was impacted bigly by two major hurricanes in Florida and the massive strike impacting Boeing’s machinists.

+ This common mistake can tank a salary negotiation in minutes, says hiring expert: ‘It looks like a cash grab’. Asking the CEO to validate your parking ticket.

+ IRS announces 401(k) contribution limits for 2025.

+ 7 Biggest Myths of Buying a Home in 2025— Dispelled by Experts. #1: You will be able to afford one.

🔥 10 Affordable Cities Poised To Become Million-Dollar Markets in a Decade

FYI, TWC might be compensated if you click on the links above. So, what are you waiting for? Start clicking.

⏪ On Friday, ExxonMobil, Chevron, FuboTV, and MSG Sports reported before the bell. Plus, we got the October jobs report.

⏩ Today we’re keeping an eye on…

+ Zoetis, Marriott, and New York Times report this morning

+ Palantir, Realty Income, Hims, and NXP Semiconductor drop earnings after the close

Friday, I asked, “You get $13M in cash right now, but you have to step foot on the moon in the next 10 years. If you don't, you're sent to prison for the rest of your life. Do you think you could do it?”

59.8% of you have no confidence in yourselves and don't think you can make it to the moon.

Here’s what some of you guys had to say (and my thoughts in italics)…

• Hell yes: “As long as Boeing isn’t making the spacecraft.”

• No: "I don't trust myself to not procrastinate until the last month before having to beg Elon to get me there and ending up in prison."

• No: "Still, people have done life in prison for a lot less than $13M.”

• No: “Have we ever really been to the moon...?”

• Hell yes: "Elon will have commercial flights going within 10 years.”

And here’s today’s question…

Because this has become a discussion in the Morin household…

+ I’ve never seen crypto explained more perfectly…

🔥 You can stop looking. This costume won Halloween. I almost feel bad for this little girl… it’s all downhill from here.

Oh, and one more thing…

Does this look like the face of a guy you should take financial advice from?

No, it’s the face of an individual who is financially irresponsible/dumb enough to be talked into spending money on a family photo shoot that he could have just done with his iPhone. So, act accordingly...

This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.