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Who still collects stamps? The answer might surprise you. |
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Meet the team that helps us create Stocks & Income |
Newsletter publishing is hard work. You need to source stories, summarize articles and produce professional looking newsletters day in, day out. |
It's also hard (and expensive) to hire and manage someone who can pull this off too. |
The solution? A low cost monthly package from Orbit |
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| Orbit was started by two Alts community members, Louis and Shaun. (We were actually their very first customer!) |
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What Orbit does: |
They help us find the stories that matter Create copy and links Save us time formatting everything All for one (very fair!) monthly price |
If you like the style of this newsletter and want to create something similar for your business, check out Orbit. |
They'll take good care of you, just like they have with us. 🤝 |
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(Or reply to this email for a warm intro to Louis) |
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📰 Market Headlines |
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Nvidia beat expectations, but the stock slipped after hours, weighing on the broader market. Nvidia reported Q2 revenue of $30 billion, up 122% year over year, but shares fell 3.5% after hours. The Nasdaq dropped 1.1%, the S&P 500 lost 0.6% and the Dow dipped 0.4%. The SEC announced a requirement for investment funds to report monthly holdings. California’s state Assembly approved an AI safety bill that requires companies to ensure their technology doesn't cause major harm. |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
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🎤 What you said last time |
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What you had to say: |
“My parents bought their last home around 1970 and had a 5% interest rate mortgage. I remember thinking in the 80s when I bought my first home, we would never see that again!” |
📈 Trends you need to know | | The US dollar hit a 13-month low this week before bouncing back slightly. |
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🧠 What do you think? |
The US Dollar |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
Bath & Body Works reported mixed Q2 results, dropping shares 5% in extended trading. CrowdStrike’s results were stronger than expected for the quarter, but it reduced full-year guidance, dropping share price by 2%. Chewy beat Q2 earnings estimates; shares jumped 2%. Foot Locker dropped 10% despite reporting the company’s first comparable sales growth in six quarters. Five Below reported in-line Q2 EPS and beat on sales, raising the stock price up 5.42%. HP missed Q3 earnings estimates and announced aggressive cost cuts, dropping shares 7%. Kohl's reported a Q2 profit beat; shares drifted up 0.2% to improved guidance. Salesforce topped Q2 forecasts; shares jumped 4.29%. |
Market movers |
Yelp sued Google for antitrust violations, alleging illegal monopolization of local search services. Disney's ESPN secured the rights to air the US Open tennis tournament through 2037. French authorities have charged Telegram CEO Pavel Durov in a probe into organized crime on the app. Fluid Truck's board ousted its sibling co-founders amid allegations of fund mismanagement. |
Ideas, trends, and analysis |
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The US dollar rebounded 0.4% on month-end buying after a 13-month low. New Treasury rules are targetting money laundering by mandating reports on all-cash real estate deals by entities and trusts. US consumer confidence rose to 103.3 in August from 101.9. |
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🌍 Global Perspectives | 🇵🇸🇮🇱 Israeli forces struck Gaza and pushed tanks into Khan Younis, killing 10 in West Bank raids. 🇯🇵 Japan issued an emergency warning as Typhoon Shanshan nears; Toyota halted operations at 14 plants. 🇵🇸 The UN's World Food Programme paused movement in Gaza after bullets hit a marked vehicle. 🇭🇳🇺🇸 Honduran President Xiomara Castro ordered a review of the US extradition treaty after criticism from the US ambassador. 🇲🇽 Mexico's ruling coalition missed a Senate supermajority by one vote after two opposition senators flipped. 🇮🇷 Iranian hackers ran a fake recruiting firm to target national security officials in Iran, Syria, and Lebanon. |
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📊 Crypto | | OpenSea received a Wells Notice from the SEC threatening to sue the platform for violating securities laws. Mezo's Bitcoin Layer 2 introduced stBTC, a yield-bearing token offering returns while holding Bitcoin. Vitalik Buterin pushed for blockchain-based identity to create fairer crypto airdrops. | |
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🧠 Errata | Police are looking for a missing couple and their dog from a California nudist community. A shark killed a 16-year-old Jamaican student while he was spearfishing. A 4-year-old boy accidentally smashed a 3,500-year-old jar at a museum in Israel. |
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📺 What to Watch Today |
| 4-year-old accidentally breaks 3,500-year-old jar outside museum in Israel |
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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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