 | *past 24-hour performance |
| | Visa beats: Visa (V) posted a Q4 profit that beat Wall Street estimates as consumer card spending climbed; the company also announced a new $25 billion stock repurchase plan. (Marketwatch)
No more Cruise control: California has ordered General Motors' (GM) Cruise unit to remove its driverless cars from state roads, calling the vehicles a risk to the public and saying the company had "misrepresented" the safety of the technology. (Reuters)
Forever stock? Coca-Cola Co (KO) raised its annual sales and profit forecasts for a second time this year, riding on resilient demand from consumers for its sodas, juices and energy drinks as well as higher prices. (Reuters)
Meta sued: California and a group of more than 30 states are suing Meta (META) over claims that Instagram and Facebook exploit youths for profit and feed them harmful content. (Bloomberg)
Spotify’s surprise profit: Spotify (SPOT) shares closed 10% higher yesterday after the company reported a surprise profit for Q3 — its first quarterly profit in a year and a half — as price increases and cost-cutting measures took hold. (Axios)
World’s largest sovereign wealth fund loses big: Norway's $1.4 trillion sovereign wealth fund, the world's largest, posted a $33.80 billion loss in Q3, after sustaining heavy drops in the value of equities and bonds. (Reuters)
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| | Banks banks banks: There are plenty of banks trading below tangible book value with good franchises, but the fun thing about buying banks below tangible book value is that you don’t need to be right on the “good franchises” part. Read more » | The game is about to start: Impressively, the Mindset Value Wellness Fund finished the third quarter up 27.4% and is up approximately 60% for the year. How? Cannabis stocks. Here’s a recent fund update chalking up the latest developments in their portfolio. Read more » | How to cash in on the oil ‘landgrab’: Curzio Research’s Genia Turanova explains why recent oil deals are proof that oil prices have a long way to run from here… and why the oil landgrab is far from over. She also share two ways to cash in on this trend. Read more » |
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| | They cracked the code to a locked USB drive worth $235 Million in bitcoin. Then it got weird (Wired) The deficit balloons to $2 trillion (Tangle) A backdoor play on longevity (Herb Greenberg) The state of U.S. early-stage venture & startups: 3Q23 (Angel List) How the NBA became a $10 billion annual business (Huddle Up)
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| |  | ecoinometrics @ecoinometrics |  |
| Bitcoin is pumping on hopes spot ETFs are around the corner. Good news for sure. But don't expect BTC to go up and to the right in a straight line. It never does. If you are new to this game, just look at how this bear market compares to the old ones. |  | | | Oct 24, 2023 | | |  | | | 293 Likes 67 Retweets 12 Replies |
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| | | Thunderclap Research is a professional investment research firm focused on understanding and profiting from market anomalies. | We take both a quantitative and qualitative approach to research and focus extensively on strategies for established money managers and everyday retail investors. | We are a small, self-funded team of real humans going up against the hype-filled, sensational news outlets in the world. You can check out a selection of our other publications below. | | Gold Playbook All your gold investing news in a single daily email. | | Subscribe |
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