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| | | | I’m traveling for the next couple of weeks, so your Stocks and Income issues may come later in the day than usual. |
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Take Advantage of Rent Growth in High Demand Texas Market |
BV is developing the "Landhause at Greune" a multifamily property in the high-growth San Antonio/New Braunfels Metroplex. |
This farmhouse-style property offers 356 ”Class A” units and exceptional amenities that will set the standard in the local market. |
This property offers a unique farmhouse style with 356 ”Class A” units and exceptional amenities that will set the standard in the local market. |
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BV Capital believes that multifamily ground-up construction presents a significant opportunity for investors today, as they expect a supply-demand imbalance to materialize in the Texas multifamily market come 2025. |
Projects that manage to get off the ground now, like Landhaus at Gruene, will be there to meet that demand — and even benefit from higher rental rates. |
The offering is approximately 90% subscribed — accredited investors don’t miss your chance to be part of this exciting project. |
Click here to learn more about this unique multifamily investment and view the full rendering video. |
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📰 Market Headlines |
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The Dow cracked 40,000 for the first time ever before settling down 0.1% by the end of the day. The Nasdaq fell 0.3%, while the S&P 500 dropped around 0.2% Fed officials from Cleveland, New York, and Richmond warned of prolonged higher interest rates, dampening the stock rally.
US jobless claims fell last week as labor market conditions remain tight. Reddit struck a deal with OpenAI for training data and more. [Ed: when something is free to use, you’re the product] Trump and Biden agreed to debate each other once in June and once in September.
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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 |
You guys really don’t care about this issue at all. |
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Nailed it. Well done. |
📈 Trends you need to know |  | . |
| The steady death of Vegas is real. |
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🧠 What do you think? |
💬 Have your say |
I'm getting on a plane to Vegas in 25 minutes, and I have a spare $100. |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
Walmart reported better-than-expected Q1 results, pushing shares up nearly 7%. Canada Goose shares soared 16% after reporting a revenue increase of 22%. Applied Materials dropped 3.19% despite beating Q2 revenue estimates. Baidu reported Q1 revenue growth of 1%, beating estimates. Shares rose 3.47%. Take-Two Interactive shares fell 3.85% after reporting a year-on-year decline of 3.2%. Deere & Co. beat Q2 EPS and revenue estimates, yet shares dropped over 3%. JD.com reported Q1 revenue growth of 7%; shares traded up 4.43%. Under Armour shares tumbled 16% as its revenue forecast fell short of estimates.
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Market movers |
Ford asked its EV suppliers to cut costs, saying "everything is on the table" as it aims for profitability. The FDA approved Amgen's Imdelltra as a second or later-line treatment for advanced small-cell lung cancer. Microsoft announced its custom Cobalt chips will launch next week, boasting a 40% performance boost over other ARM chips. Goldman Sachs won a $43.4 billion outsourced CIO deal to manage UPS's North American defined benefit plan. More layoffs: Amazon axed over 100 customer service managers. Phoenix Labs executed another round of layoffs, eliminating over 100 employees and canceling all projects in development. Herbruck's Poultry Ranch announced mass layoffs of nearly 400 employees due to a bird flu outbreak.
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Ideas, trends, and analysis |
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🌍 Global Perspectives | 🇷🇺 🇨🇳 Putin and Xi condemned the US as a Cold War hegemon during Putin's state visit to China. 🇬🇪 Georgia passed a controversial Russian-style "foreign agents" law, sparking mass protests. 🇫🇷 🇳🇨 France declared a state of emergency in New Caledonia after protests over voting reforms killed 5, injured 60 officers, and led to 214 arrests. 🇺🇸 🇰🇪 President Biden announced he will host Kenyan President Ruto in a historic state visit.
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📊 Crypto | | The US Senate voted to repeal controversial SEC accounting rules for crypto. Morgan Stanley disclosed $270 million worth of spot Bitcoin ETF holdings in a filing with the SEC. DTCC partnered with Chainlink on a pilot to integrate blockchain tech for transmitting mutual fund data.
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🧠 Errata | Sea otters are using tools. [Ed: You thought Planet of the Apes was terrifying…] Researchers in China have successfully frozen and thawed human brain tissue, breathing new life into cryogenics. A candidate for West Virginia secretary of state was bit by a snake while removing campaign signs, hospitalizing her. [Ed: the article didn’t say whose signs they were] A team of engineering students at Johns Hopkins University invented a silencer for leafblowers. [Ed: Yardwork is deadlier than ever]
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📺 What to Watch Today |
 | Sea Otters Open Mussels on Stone Anvils | Nat Geo Wild |
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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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