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- 💦 Wen Lambo?
💦 Wen Lambo?
And Mattel tried to ruin Christmas
TOGETHER WITH
Hey there weekday warriors,
RIP paper hands.
Enjoy the next 4 minutes and 45 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
+ “The Dow and S&P 500 both closed above key milestones Monday as Wall Street built on a roaring post-election rally.” (CNBC)
+ US bond markets were closed yesterday for Veterans Day.
+ Oil “fell by more than 2% on Monday after China's latest stimulus plan disappointed investors seeking demand growth in the world's second-biggest oil consumer, while supply looked set to rise in 2025.” (Reuters)
+ “As money continues to pour into crypto following Donald Trump’s victory last week, bitcoin has climbed to yet another record high.” (AP) More below…
+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Tesla +8.9% 2) Nvidia -1.6% 3) Rocket Lab +9.4%
The market moves you need to know about…
– It appears everyone figured out Monday.com is just a glorified Google Sheets workbook. Shares of the software maker tumbled 15.1% after the company reported earnings on Monday morning (ah, I see what they did there). Imagine if it didn’t beat and raise…
+ Bad day to be a bad guy. Private prison stocks popped on news that Donald Trump chose Tom Homan as his "border czar." Turns out Tommy really, really dislikes illegal immigration. Shares of CoreCivic rose 6.3% on the day.
Today’s fastest-growing software company might surprise you
Heads up! It's not the publicly traded tech giant you might expect…
Meet $MODE, the disruptor turning phones into potential income generators. Investors are buzzing about the company's pre-IPO offering. 1
Mode saw 32,481% revenue growth from 2019 to 2022, ranking them the #1 overall software company on Deloitte’s most recent fastest-growing companies list 2 by aiming to pioneer "Privatized Universal Basic Income" powered by technology—not government. Their flagship product, EarnPhone, has already helped consumers earn & save $325M+.
Mode’s Pre-IPO offering 1 is live at $0.25/share — 20,000+ shareholders participated in its previous sold-out offering. There’s still time to get in on Mode’s pre-IPO raise and even lock in 100% bonus shares 3… but only until their current raise closes for good.
See full Advertiser’s Disclosures below.
Wen Lambo?
Live look at Lamborghini and NFT dealers after Bitcoin hits $90k…
Bitcoin topped $80k $81k $88k $89k for the first time on Monday… and that sound you hear is crypto bros calling the fathers who stopped loving them in like 2019 to say “I told you so.”
So, WTF happened?
Spoiler: it’s got nothing to do with Satoshi’s digital “currency” suddenly becoming a practical medium of exchange.
The bulls continue to bet that Bitcoin will benefit bigly from a second Trump administration. In Jamie Dimon and Warren Buffett’s defense, it’s not entirely clear what Donny Politics plans to do for Bitcoin and the broader crypto ecosystem.
But given his appetite for deregulation, which has also boosted banks, there’s reason to believe the Trump White House could make it easier for crypto companies to play ball. And by that I mean SEC Chair Gary Gensler should probably update his resume and start scheduling coffee chats to “pick the brain” of Goldman MDs.
But the OG crypto isn’t the only big winner...
Ether has mooned as well. And crypto-linked companies have been making the shorts their b*tch.
But arguably the biggest winner is Doge, which appears to be benefitting from the general crypto sentiment as well as its ties to Elon. You might recall that Doge is the only thing Elon likes doing more than having unprotected sex. It’s up more than 140% since election day.
+ There's a new candidate for the 2024 Hometown Deli Memorial Award (an honor that is bestowed by The Water Coolest upon the best business story of the year, which, of course, pays homage to one of the greatest sagas EVER).
Mattel (-0.5%) had to pull its line of 'Wicked' (the movie)-branded dolls from shelves before it ruined Christmas. But not because they posed a choking hazard or because RFK Jr. found out they were full of mercury.
The URL printed on the box brought buyers to the Wicked Pictures website. One problem: Wicked Pictures is the adult film site behind cinematic masterpieces (masturpieces?) like ‘Stormy Trumps All’.
So just remember, no matter how bad of a day you had, it definitely wasn’t as bad as the horny Mattel copy editor who signed off on the packaging.
+ You guys remember that time then-Binance CEO Changpeng Zhao rug pulled SBF and FTX, exposing a multibillion-dollar house of cards? Welp, now the estate of FTX is suing Binance looking to claw back $1.8B. No good deed goes unpunished.
New FTX claims that CZ selling his stake in old FTX to SBF combined with some misleading tweets caused a run on the exchange that led to its collapse. I mean, they've got a point...
So what's wrong with exposing massive fraud? Well, at the time of the share repurchase by SBF (with crypto), the firm "may have been insolvent." New FTX claims the deal was fraudulent and, as such, it can demand CZ and Binance pay back billions.
CZ will presumably proceed with the "seems like a 'you' problem" defense.
+ Chipotle: “We’re a Mexican Grill!”
Also Chipotle: *hires a dude who looks like a Winklevoss as CEO*
In a move that wasn't exactly a surprise, Scott Boatwright was named the permanent CEO of Chipotle (+0.8%). Scott took over for Brian Niccol who jumped ship for the Starbucks job this summer.
Chipotle is in good hands. Scott has been with Chipotle for 7 years and was at Arby's before that. So, yeah, this dude knows a thing or two about making human beings’ stool soft and liquidy.
+ Just when passengers thought it couldn't get much worse than flying Spirit Airlines (+25.9%) to Haiti... their plane took more bullets than 50 Cent *’Many Men’ begins playing*.
One flight attendant was injured, and the plane was diverted to the Dominican Republic. You're not going to believe this but the airline said it will halt flights to the godforsaken, hell-hole of an island (their words, not mine).
Not that they really had a choice... a US Embassy statement indicates gangs have taken over one of the major airports in the country.
+ To influence people, make 3 simple changes to how you talk, says executive coach: Success ‘depends on your ability to persuade’. #2: Make sure to threaten the well-being of them or their immediate family.
+ Homeowners Have Gained A Staggering Amount of Wealth Over the Past 5 Years. Imagine renting when you could overpay for a home with a 6.5% mortgage rate…
🔥 Yields on cash are still ‘well ahead of inflation,’ expert says. Here’s where to put your money now.
FYI, TWC might be compensated if you click on the links above. So, what are you waiting for? Start clicking.
⏪ Yesterday, Monday.com reported before the bell and bond markets were closed for Veterans Day.
⏩ Today we’re keeping an eye on…
+ Shopify, Home Depot, On Holdings, Sea Limited, and Plug Power report this morning
+ Spotify, Rocket Lab, Occidental Petroleum, Cava, and Rumble drop earnings after the close
Yesterday, I asked, “Did you thank a veteran today?”
I am proud to report that by now 100% of you have thanked a veteran.
And here’s today’s question…
Some ground rules…
You have to leave the airport in Haiti and you can’t go to the US Embassy
You can’t bring armed guards to Haiti (or Arby’s), but you can hire/befriend gangs while you’re there
Would you rather eat ONLY Arby's for a year or spend a long weekend in Haiti? |
Oh, and one more thing…
What did you think about today's newsletter? |
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.
Advertiser’s Disclosures
1 Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
2 The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
3 A minimum investment of $1,950 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+.
4 Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.
Past performance is no guarantee of future results. Start-up investments are speculative and involve a high degree of risk. Those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investment tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Further, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns.
DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck.