| | | Will this wearable wellness company get acquired? | Our new author Jeff Briskin thinks so. | Sensate is an innovative device designed to reduce stress and anxiety using infrasonic therapy. | It uses a combination of vibrations and sound to stimulate the vagus nerve and destress your nervous system in just 10 minutes. | From Jeff's analysis:: | | ❝ | | | My prediction is that Sensate will be acquired...most likely by a larger high-tech wellness device company with a more diversified product line. | | | | — Alts contributor Jeff Briskin |
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| Why you should consider investing in Sensate: | Patented: Sensate stands out with its patented product utilizing infrasonic therapy High demand: Sensate has 50,000 users, who have logged over sixty million minutes of use, or about 1,200 minutes per user. They've generated $15 million in revenue. Primed for an acquisition: The wearable wellness market is growing by 13.8%/year, and is expected to hit $69 billion by 2028. Lots of room for M&A.
| | Learn more: | | | | 📰 Market Headlines | | Wall Street's rebound fizzled as stocks reversed early gains and slid into the close, erasing Tuesday's progress. A weak Treasury auction pushed 10-year yields up 8.2 basis points to 3.97%. JPMorgan CEO Jamie Dimon said the US is "not at all" in a recession but warned the odds of one coming are more likely than not. Costco announced plans to crack down on membership sharing, requiring customers to scan their card upon entering.
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | | 😱 Fear and Greed Index | | | 🎤 What you said last time | | What you had to say: | “Yes, but it does increase our national debt as money as the funds come from the US Treasury. So there is a price to pay.” | 📈 Trends you need to know | | Mortgage rates are ticking down, anticipating up to a full-point rate cut in 2024. |
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| | 🧠 What do you think? | Right now is the right time to | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | Occidental Petroleum beat Q2 profit estimates, lifting shares 1.1%. Shopify reported Q2 revenue growth of 21%; shares rose 18.4%. Sony rose 1.8% desipite PS5 sales missing targets. Robinhood’s Q2 revenue surged 40%, boosting shares 2%. Disney topped Q3 estimates as streaming profits offset US park pressures; stocks dropped 4.5%. Dutch Bros beat Q2 earnings estimates but weak guidance sank shares 13.79%. Lyft swung to a surprise Q2 profit, but weak guidance dropped shares 17.2%.
| Market movers | Tesla partnered with Sunrun to expand its energy business in Texas, aiming to build "virtual power plants." Mars considered acquiring Kellanova for $31 billion. It’s likely to clear antitrust due to minimal product overlap. Nike's website visits surged during the Olympics, outperforming Adidas and Puma. Disney might pay up to $5 billion more to buy Comcast's 33% stake in Hulu, pending arbitration. UK regulators cleared HPE's $14 billion acquisition of Juniper Networks after EU approval.
| Ideas, trends, and analysis |
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| US corporate bond issuance surged with 17 issuers, including Meta's $10.5 billion offering. The yen dropped 2.5% after BOJ officials downplayed near-term rate hikes. US 30-year mortgage rates fell to 6.55%, the lowest in 15 months, as markets anticipated Fed rate cuts. Gold rose above $2,400, ending a four-day losing streak due to market volatility and geopolitical tensions.
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| |     | | 🌍 Global Perspectives | 🇹🇭 Thailand's Constitutional Court dissolved the Move Forward party, which won the most seats in 2023. 🇲🇩 Moldova rejected registration of a pro-Russian bloc led by a fugitive business magnate convicted of fraud. 🇯🇵 Western ambassadors pulled out of Nagasaki's atomic bombing memorial as Israel wasn't invited over protest concerns. 🇺🇸 A US judge dismissed most of Mexico's $10-billion lawsuit against US gun manufacturers over firearms trafficking. 🇷🇺 🇺🇦 Putin accused Ukraine of a "large-scale provocation" in Russia's Kursk region.
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| | 📊 Crypto |  | Bloody Sunday |
| Bitcoin fell below $50,000 as "Magnificent Seven" tech stocks lost $650 billion in market cap. Ripple's SEC lawsuit ended with a $125 million fine, boosting XRP 18% to $0.61. Hong Kong's Mox Bank added Bitcoin and Ethereum ETFs, along with plans for direct crypto investing. Ethereum ETFs registered $147.2 million in inflows over two days, led by BlackRock's ETHA with $110 million.
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| | 🧠 Errata | Titan submersible victim's estate sued for over $50 million in wrongful death damages. NASA astronauts might hitch a space taxi home due to Starliner issues. Great Barrier Reef water hit scorching highs, flirting with a coral catastrophe. NASA urges stargazers to flee cities for prime Perseid viewing this weekend. A Tulsa dog sparked a house fire by gnawing on a lithium battery.
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| | 📺 What to Watch Today | What’s his name? Bolt? |  | Dog starts house fire by chewing on battery |
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| That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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