Accredited | Cents Invest
By Justin Oh
Accredited | Cents InvestMay 05, 2022
Using Real Estate To Accelerate FIRE - Better Than 401(k)? | Accredited Ep 5
In this episode we discuss how investing in real estate, with its depreciation and 1031 exchange tax advantages, may be one of the best ways to compound capital and reach financial freedom (FIRE). Let us know your thoughts in the comments!
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Druckenmiller calls recession! Recession-proof business ideas... | ACCREDITED | Ep 4
Inflation & Paths to $1M | ACCREDITED | Ep 3
Welcome to our weekly podcast going over everything a serious investor should know or be interested in!
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Should we buy a towing business? $500k profit / truck? | ACCREDITED | Ep 2
0:00 Intro to Accredited
0:10 Need to Know
20:56 Trends
29:31 JO Focus
37:03 Best Public Ideas
42:23 Best Private Ideas
52:40 Interesting Sh*t
1:05:34 Call In
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MORNING CENTS: ECB Signals Rate HIKES + Twitter Bot Data...
Macro:
[ECB RATE HIKES] European Central Bank Confirms July Rate Hike Plans, Raises Inflation Projections - CNBC
[REDUCING CHINESE TARIFFS] U.S. Considering Reducing Tariffs on China to Ease Inflation, Yellen Says - WSJ
[GLOBAL OIL PRICES] U.S., European Allies Try to Restrain Global Oil Prices - WSJ
Crypto:
[TERRA FALLOUT] Tether Cedes Territory to Rival Stablecoins as Crypto Investors Diversify - WSJ
South Korea Investigates Terra Labs for Alleged Bitcoin Embezzlement Following UST Collapse - CoinDesk
Business:
[TWITTER BOT DATA] Twitter Will Reportedly Hand Over Internal Data to Soothe Musk's Bot Fears - TechCrunch
- Yesterday, U.K.-based GlobalData published a study alleging that at least 10% of Twitter users could be bots.
[ROBINHOOD VS. SEC] Robinhood Executive Attacks SEC’s Plans to Shake Up Stock-Trading Rules - WSJ
[EXXON RECORD HIGHS] Exxon's Stock Hits First Record High in Eight Years - YahooFinance
Events:
CPI at 8:30 tomorrow
Earnings:
Today PM: DocuSign, Vail Resorts, Stitch Fix
MORNING CENTS: Yellen expects inflation to remain HIGH...
Walmart Heir Rob Walton Agrees to Buy Denver Broncos for $4.65 Billion - WSJ
- Most for an American sports franchise ever
Macro:
[INFLATION PERSISTING?] Janet Yellen and World Bank Expect Elevated Inflation to Persist - WSJ
[AMERICAN TRAVEL] Americans Poised to Travel Overseas at Near Pre-Covid Levels This Summer - WSJ
[MORTGAGE DEMAND FALLS] Mortgage Demand Falls to Lowest Level in 22 Years - CNBC
Crypto:
[PAYPAL CRYPTO TRANSFERS] PayPal Enables Crypto Transfers to External Wallets, Exchanges - Blockworks
[SOLANA’S INVESTMENT] Solana Commits $100M to Support South Korean Crypto Projects - CoinDesk
Business:
[CREDIT SUISSE LOSS] Credit Suisse Warns of Another Loss as Capital Recedes - WSJ
[SPIRIT DELAYS] Spirit Airlines Shareholder Meeting Postponed to Continue Deal Talks - CNBC
Earnings:
Today PM: Five Below, Skillsoft
Tomorrow AM: Nio, Bilibili
MORNING CENTS: Warning Signs from Target? + NEW Apple Products!
Macro:
[COMMERCIAL DECLINES] Commercial Property Sales Slow as Rising Interest Rates Sink Deals - WSJ
[NEW SEC RULES?] SEC Closes In on Rules That Could Reshape How Stock Market Operates - WSJ
Crypto:
[CRYPTO BILL] Key US Senators Introduce Crypto Bill Outlining Sweeping Plan for Future Rules - CoinDesk
[BINANCE INVESTIGATION] Binance Under SEC Investigation Over its 2017 ICO Listing - Blockworks
Business:
[APPLE WWDC 2022] Everything Apple Just Announced at the WWDC 2022 Keynote - TechCrunch
[ELON VS. TWITTER] Elon Musk Threatens to End Twitter Deal Over Lack of Information on Spam Accounts - WSJ
[TARGET’S WARNING] Target Warns Profit Will Drop Because It Has Too Much Inventory - WSJ
Other Headlines:
Peloton Hires AWS Exec As The New CFO - CNBC
BuzzFeed Shares Drop 41% in Wake of Investor Lockup Expiration - WSJ
Kohl's Enters Exclusive Sale Talks with Franchise Group - WSJ
Earnings:
Today PM: Dave and Busters, Smartsheet
Tomorrow AM: Campbell Soup, Brown-Forman
MORNING CENTS: Market UP FINALLY | U.S. sentiment in the DUMPS
Macro:
[AMERICANS PESSIMISTIC] Inflation, Political Division Put U.S. in a Pessimistic Mood, Poll Finds - WSJ
[SOLAR TARIFF PAUSE] White House Set to Pause New Tariffs on Solar Imports for Two Years - WSJ
Crypto:
[FRAUDS & SCAMS] Frauds and Scams Top $1B since 2021, FTC Says - Blockworks
[BINANCE + PANCAKESWAP] Binance Labs Invests in DEX PancakeSwap; CAKE Jumps Nearly 10% - CoinDesk
Business:
[RETAIL INVENTORIES] Macy’s, Gap and Other Clothing Stores Are Stuck With the Wrong Items - WSJ
[ICAHN DROPS GLOVES] Carl Icahn Dropping Proxy Fight Over Pig Treatment at Kroger - WSJ
[JETBLUE BOOSTS SPIRIT DEAL] JetBlue Sweetens Offer for Spirit Airlines - Reuters
Other stories:
Amazon Split: 20-to-1 this morning
Chinese Ride-Hailing Giant Didi Surges 50% After Reports That Regulators Are Ending Probes - CNBC
Additions/Deletions from the S&P 500 - Newswire
FYI****: CPI Data comes Friday
Market Movers - CNBCEarnings:
Today PM: NGL Energy, Coupa Software, GitLab
Tomorrow AM: Academy Sports and Outdoors
MORNING CENTS: Economic HURRICANE? + Sandberg Leaves FB
Macro:
[ECONOMIC HURRICANE] Jamie Dimon Says U.S. Consumers Still Have Six to Nine Months of Spending Power - WSJ
[BIDEN: “NO QUICK FIX”] Biden Says No Short-Term Fix to High Energy, Grocery Prices - WSJ
Crypto:
[SOLANA HALTED] Solana Halted by Bug Linked to Certain Cold Storage Transactions - CoinDesk
[NFT INSIDER TRADING] Former OpenSea Exec Charged With NFT Insider Trading - Blockworks
Business:
[SANDBERG STEPS DOWN] Sheryl Sandberg Steps Down From Facebook's Parent Company, Meta - NYT
[GAMESTOP EARNINGS] GameStop Reports $158 Million Loss and Decline in Hardware Sales - CNBC
[SPAC DEALS FALL THROUGH] SeatGeek and Forbes Nix SPAC Deals During Market Pullback - WSJ
Events:
ADP Employment at 9:15 am
OPEC+ Meeting
Earnings:
Today PM: Crowdstrike, Lululemon, RH, Okta, Asana, Samsara
Tomorrow AM: BRP Inc.
MORNING CENTS: Salesforce stock JUMPS + Shanghai reopens...
Macro:
The Fed will start shrinking its $8.9 trillion balance sheet this month. The first set of securities will run off on June 15th.
[TRAVEL VS. GAS PRICES] Americans Start Summer Travel Season Beset by Record Gas Prices - WSJ
- The national average price for a gallon of regular unleaded gas hit $4.67 as of this morning, according to AAA.
[SHANGHAI REOPENS] Shanghai Ready to Exit Lockdown as Covid Cases Drop - WSJ
Crypto:
[CRYTPO COUNTER LOBBY] Tech Experts 'Counter-Lobby' Washington Criticizing Crypto, Blockchain - CoinDesk
[BINANCE FUND] Binance Launches $500M Fund to Drive Web3 Adoption - Blockworks
Business:
[SALESFORCE JUMPS] Salesforce Sales Jump 24%, Easing Concerns About Business Demand - WSJ
[HP EARNINGS] HP Lifts Earnings Outlook Despite Supply-Chain Disruptions - WSJ
[BNPL PAIN] Missed Payments, Rising Interest Rates Put ‘Buy Now, Pay Later’ to the Test - WSJ
Events:
JOLTS Job Openings 10:00 am
ISM Manufacturing – May 10:00 am
Construction Spending – April 10:00 am
Fed’s Beige Book 2:00 pm
Earnings:
Today PM: GameStop, Chewy, HP Enterprise, C3.ai, MongoDB, UiPath, PureStorage, Elastic, Veeva
Tomorrow AM: SpartanNash, Hormel Foods
MORNING CENTS: Time to Buy Oil Stocks?
Macro:
[FOMC MINUTES] Fed Minutes Show Urgency for Raising Rates to Tame High Inflation - WSJ
[INFLATION TOP?] CBO Boosts U.S. GDP Growth Estimates, Says Inflation Has Topped - CNBC
- First-quarter GDP declined 1.5%, worse than thought; jobless claims climb - CNBC
Crypto:
[CRYPTO DEBATE] The Crypto Security Debate Goes to Court - WSJ
[SALVAGING TERRA?] Terra Averts Total Collapse With Plan to Split Blockchain - Bloomberg
Business:
[NVDA EARNINGS] Nvidia Stock Falls on Light Guidance, CFO Says Company Will Slow Hiring - CNBC
- Jake will go over some things during the ROIC stream
[SNOW FALLS] Snowflake Falls After Saying Slower Sales Growth Ahead - Yahoo
[BABA SURPRISE] Alibaba Beats Revenue Estimates On Demand For Niche China Shopping Services - Reuters
- Related: China Faces Growing Pressure to Iron Out Audit Deal With the U.S.
Other Headlines:
- Aramco Approached Valvoline About Potential Takeover of One of Its Units
- Apple Boosting Pay Budget for Workers Amid Tight Labor Market
- Broadcom’s $61 Billion VMware Buy Is a Bet on Unsexy Software
- Elon Musk Plans to Rely More Heavily on Equity for Twitter Deal
Market Movers:
https://www.cnbc.com/2022/05/26/stocks-making-the-biggest-moves-premarket-macys-twitter-medtronic-and-more.html
Earnings:
Today PM: Costco, Zscaler, AutoDesk, Ulta Beauty, Dell, Workday
Tomorrow AM: Canopy Growth, Big Lots, Pinduoduo
MORNING CENTS: Inflation TOP? + NVDA Earnings!
Macro:
[BIZ GROWTH SLOWING] Inflation, Rising Rates Curb Global Economic Growth - WSJ
- Durable goods came out at 8:30
- 0.4% growth YoY, 0.5% expected
[NEW-HOME SALES] New-Home Sales in April See Biggest Monthly Drop Since 2013 - WSJAlso: FOMC meeting minutes come out at 2:00 p.m.
Crypto:
[A16Z CRYPTO FUND IV] a16z Announces $4.5 Billion Web3 Fund Amid Market Turmoil - TechCrunch
[CRYPTO INSURANCE] Insurance Providers Rethink Their Approach to Crypto - WSJ
Business:
[TOLL BROTHERS EARNINGS] Toll Brothers Q2 Earnings and Revenues Surpass Estimates - Nasdaq
[STRONG RETAIL BRAND?] Nordstrom Raises Full-Year Outlook - CNBC
[MARKET MOVES] Stocks Making the Biggest Moves: Dick’s, Express, Wendy’s, and More - CNBC
Earnings:
Today PM: Nvidia, Snowflake, Splunk, Box, Williams-Sonoma
Tomorrow AM: Alibaba, Macy's, Dollar Tree, Dollar General, Baidu, Medtronic, Burlington
MORNING CENTS: Business activity SLOWING?
Macro:
[BIZ GROWTH SLOWING] Inflation, Rising Rates Curb Global Economic Growth - WSJ
- Durable goods came out at 8:30
- 0.4% growth YoY, 0.5% expected
[NEW-HOME SALES] New-Home Sales in April See Biggest Monthly Drop Since 2013 - WSJAlso: FOMC meeting minutes come out at 2:00 p.m.
Crypto:
[A16Z CRYPTO FUND IV] a16z Announces $4.5 Billion Web3 Fund Amid Market Turmoil - TechCrunch
[CRYPTO INSURANCE] Insurance Providers Rethink Their Approach to Crypto - WSJ
Business:
[TOLL BROTHERS EARNINGS] Toll Brothers Q2 Earnings and Revenues Surpass Estimates - Nasdaq
[STRONG RETAIL BRAND?] Nordstrom Raises Full-Year Outlook - CNBC
[MARKET MOVES] Stocks Making the Biggest Moves: Dick’s, Express, Wendy’s, and More - CNBC
Earnings:
Today PM: Nvidia, Snowflake, Splunk, Box, Williams-Sonoma
Tomorrow AM: Alibaba, Macy's, Dollar Tree, Dollar General, Baidu, Medtronic, Burlington
MORNING CENTS: Why Snap PLUNGED 30% + CEOs Talk Recession
Macro:
[CEOS ON RECESSION] CEOs Fret Over Economy at the World Economic Forum - WSJ
[GOLDMAN’S TAKE] Stocks Will Bottom Once Fed Signals Shift, Goldman Says - Bloomberg
- There Is a Rush for Cash on Wall Street - WSJ
Crypto:
[CRYPTO STABILITY RISK] Crypto Shows All the Signs of Financial Stability Risk, ECB Says - Bloomberg
[FED SURVEY] Fed Survey: 12% of U.S. Adults Held Crypto in 2021 - CoinDesk
Business:
[SNAP PLUNGES] Snap Shares Plunge 30% After CEO Warns Company Will Miss Earnings Estimates - CNBC
[ZOOM EARNINGS] Zoom Pops on First Quarter Earnings Beat and Strong Guidance - CNBC
[AMAZON SUBLETS] Amazon Plans to Sublet Warehouse Space to Reduce Excess Capacity - WSJ
Additional Stories:
Airbnb China Closes Domestic Unit to Cut Costs As It Bets on Border Reopening - TechCrunch
Didi Says It Will Proceed With Delisting From NYSE - WSJ
Follow-up: Broadcom in Talks to Pay About $60 Billion for VMware - WSJ
Stocks Making Moves - CNBC
Additional Stories:
Today PM: Star Bulk, Nordstrom, Intuit, Toll Brothers
Tomorrow AM: Dick’s Sporting Goods, Express
MORNING CENTS: Stagflation coming?
Macro:
[STAGFLATION?] High Inflation, Slowing Growth Raise Risk of Global Downturn - WSJ
[LOAN DELINQUENCIES] More Subprime Borrowers Are Missing Loan Payments - WSJ
Crypto:
[CRYPTO TURMOIL?] More Crypto Market Turmoil Is Predicted by SEC Chairman Gary Gensler - WSJ
[FTX STOCK TRADING] FTX US Debuts Stock Trading in Push for Bigger Slice of US Retail Pie - CoinDesk
Business:
[KOHL’S SLASHES OUTLOOK] Kohl's Slashes Full-Year Outlook, Says Final Sale Bids Expected in Coming Weeks - CNBC
[TENCENT EARNINGS] Tencent Profits Plunge As It Grapples With Lockdowns, Regulation - CNBC
[KLARNA VALUATION DROP] SoftBank-Backed Fintech Giant Klarna Looks for New Funds at Lower Valuation - WSJMelvin Capital to Close Funds, Return Cash to Investors - WSJ
Tesla Loses Spot on S&P ESG Index Due to Concerns Over Crashes, Working Conditions - BloombergEarnings:
Today PM: Applied Materials, Palo Alto Networks
Tomorrow AM: John Deere, Foot Locker
MORNING CENTS: Target DOWN 24% + NEW Housing Data
Macro:
[HOUSING STARTS] U.S. Single-Family Starts Tumble; Construction Backlog at Record High - Reuters
- The report from the Commerce Department shows a record backlog of homes approved for construction but have yet to be started.
- Homebuilder sentiment falls to 2-year low on declining demand and rising costs.
[POWELL VS. INFLATION] Powell Says Fed Has Resolve to Bring U.S. Inflation Down - WSJ
Speaking of Inflation… U.K. Inflation Hits 40-Year High - WSJ
Crypto:
[CHINA CRYPTO MINING] China Reemerges as Top Mining Hub a Year After Blanket Ban - Blockworks
[ROBINHOOD WALLET] Robinhood Plans ‘Web 3’ Crypto Wallet for DeFi Traders, NFT Buyers - CoinDesk
Business:
[TARGET TUMBLES] Target Earnings Squeezed by Inflation and Fuel Costs - CNBC
[LOWE’S SALES DECLINE] Lowe's Sales Decline as Demand Cools - CNBC
[NETFLIX STAFF CUTS] Netflix Cuts About 150 Staffers in Another Round of Layoffs - WSJ
Earnings:
Today PM: Cisco, Bath & Body Works, Copart
Tomorrow AM: Lightspeed, Kohl's, BJ's, Eagle Materials
MORNING CENTS: Elon's Twitter Deal in JEOPARDY? a16z State of Crypto RELEASED
Macro:
[RETAIL SALES GROW] Retail Sales Grew 0.9% in April - WSJ
[SUPPLY SHORTAGES] U.S., EU Boost Trade Ties to Remedy Supply Shortages - WSJ
Crypto:
[STATE OF CRYPTO] a16z Addresses Downturn in Inaugural State of Crypto Report - CoinDesk
- The VC firm Andreessen Horowitz (a16z) released its inaugural State of Crypto report this morning.
- All of the State of Crypto report slides are here.
[COIN HIRING HOLD] Coinbase Pares Back Hiring Plans Amid Weak Earnings, Poor Market Condition - CoinDesk
- Coinbase dropped the news in an open note to employees.
Business:
[ELON & TWITTER] Elon Musk Says Twitter Deal Can’t Move Forward Without More Clarity on Fake Accounts - WSJ
[MSFT PAY BOOST] Microsoft Boosts Pay in Fight for Talent - WSJ
[EARNINGS ROUND-UP] This Morning's Earnings Round-Up
- Walmart Reports Big Earnings Miss as Higher Costs, Supply Chain Eat into Profits - CNBC
- Home Depot Raises Full-Year Outlook After Earnings Beat - CNBC
- Shopee-Owner Sea Tops Revenue Estimates on E-commerce Strength - Yahoo
- JD.com Revenue Jumps, Defying China Lockdown Hit to Spending - Bloomberg
Events
NAHB Housing Market Index at 10:00 am
Jerome Powell speaks at the WSJ Future of Everything Festival at 2:00 pm
Earnings
Today PM: Doximity, dLocal, The Container Store
Tomorrow AM: ZIM, Target, Lowe's, TJX, Dynatrace, Colgate-Palmolive
MORNING CENTS: Hostile takeover? More pain in crypto?
Macro:
[RATE RISE IMPACTS] Borrowing Costs Ballooning for Homebuyers - WSJ
[DOLLAR STRENGTH] The Dollar Flashes Strength - WSJ
- Breaking story: China’s Economic Distress Deepens as Lockdowns Drag On
Crypto:
[BTC LOSSES] Bitcoin Sees Seven Straight Weeks of Losses For the First Time - CoinDesk
[LUNA DRAINS RESERVES] Luna Foundation Guard Left With 313 Bitcoin After UST Crash - CoinDesk
Business:
[MCDONALD’S EXITS RUSSIA] McDonald's to Exit From Russia After Three Decades - NYT
[JETBLUE HOSTILE TAKEOVER] JetBlue to Launch Tender Offer for Spirit - WSJ
[TWITTER DEAL ‘ON HOLD’] Elon Musk Says His $44 Billion Twitter Deal Is 'On Hold' - WSJBiggest Movers - CNBC (Carvana, Warby Parker)
Earnings
Today PM: Take-Two, Sundial, Nubank, Global E
Tomorrow AM: Walmart, HD, Sea, JD
MORNING CENTS: MORE inflation data + Casinos best month EVER?
Macro:
[PPI HITS 0.5%] Producer Price Index for final demand increased 0.5 percent, in line with expectations - BLS
· April Inflation Report Cinches Fed's Half-Point Rate Rise Path - WSJ
[CASINOS ARE BACK] Casinos Just Had Their Best Month Ever - WSJ
Crypto:
[EU VS. STABLECOINS] EU Commission Favors Ban on Large-Scale Stablecoins, Document Shows - CoinDesk
[TETHER LOSES PEG] Tether Loses $1 Peg, Bitcoin Briefly Drops Near $24K - CoinDesk
Business:
[DISNEY EARNINGS] Disney Reports Jump in Disney+ Subscribers in Latest Quarter - CNBC
[RIVIAN PRODUCTION GOALS] Rivian CEO Says Its Chip-Shortage Problems Will Ease This Year - WSJ
[SOFTBANK BIG LOSS] SoftBank Reports $13 Billion Annual Loss, Hit by Tech-Share Slump - WSJ
Other Earnings/Biggest Movers - CNBC
Instacart Files Confidentially for IPO - WSJ
Today PM: Affirm, Aurora, Compass, Figs
MORNING CENTS: CPI Inflation Hits 8.3% + Coinbase DROPS
Macro:
[TRAVEL INFLATION] Americans Planning Summer Travel Face a New Hurdle: High Inflation - WSJ
[FED STABILITY REPORT] Inflation, Sharp Rise in Interest Rates Pose Financial Risks, Fed Says - WSJ
Crypto:
[UST DEPEGGED] UST Stablecoin Loses Dollar Peg for Second Time in 48 Hours - CoinDesk
[CRYPTO LIQUIDATIONS] Crypto Market Crash Leads to $1B in Liquidations - CoinDesk
Business:
[UPSTART DOWN BAD] Upstart Stock Cut In Half After Earnings as Company Cuts Outlook - MarketWatch
[PELOTON CRASH] Peloton Posts Deeper Loss Than Estimated, Cuts Outlook - Bloomberg
[BLDR STRONG] Builders FirstSource Reports Record First Quarter 2022 Results - Yahoo
Earnings:
Today PM: SoFi, Roblox, Occidental Petroleum, Trade Desk, Coinbase, Unity, Matterport, Rocket Companies
Tomorrow AM: Yeti, Fiverr, EVgo, Paysafe, Mastercraft
MORNING CENTS: Upstart DOWN 50% + Peloton DOWN 20%
Macro:
[TRAVEL INFLATION] Americans Planning Summer Travel Face a New Hurdle: High Inflation - WSJ
[FED STABILITY REPORT] Inflation, Sharp Rise in Interest Rates Pose Financial Risks, Fed Says - WSJ
Crypto:
[UST DEPEGGED] UST Stablecoin Loses Dollar Peg for Second Time in 48 Hours - CoinDesk
[CRYPTO LIQUIDATIONS] Crypto Market Crash Leads to $1B in Liquidations - CoinDesk
Business:
[UPSTART DOWN BAD] Upstart Stock Cut In Half After Earnings as Company Cuts Outlook - MarketWatch
[PELOTON CRASH] Peloton Posts Deeper Loss Than Estimated, Cuts Outlook - Bloomberg
[BLDR STRONG] Builders FirstSource Reports Record First Quarter 2022 Results - Yahoo
Earnings:
Today PM: SoFi, Roblox, Occidental Petroleum, Trade Desk, Coinbase, Unity, Matterport, Rocket Companies
Tomorrow AM: Yeti, Fiverr, EVgo, Paysafe, Mastercraft
MORNING CENTS: Palantir TUMBLES + Crypto DOWN
Macro:
[OIL PRODUCTION] Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall - WSJ
[BIG PORTS PROBLEM?] Port Labor Talks Pose New Complication for Supply Chain - WSJ
Crypto:
[CRYPTO PRICES FALL] Crypto Prices Slump Over the Weekend - WSJ
[TVL HITS LOWS] DeFi Locked Value Falls to Yearly Low, $27B Lost Over the Weekend - CoinDesk
Business:
[PALANTIR TUMBLES] Palantir Earnings, Revenue Guidance Miss as Stock Falls - Yahoo
[LOW-INCOME BROADBAND] AT&T, Comcast, Verizon, Others Commit to Low-Income Broadband Program - WSJ
[UBER COST CUTTING] Uber CEO Tells Staff Company Will Cut Down on Costs - CNBC
Earnings
Today AM: Palantir, BioNTech, Duke Energy
Today PM: Upstart, AMC, Plug Power, Novavax, Tattooed Chef, Blink, Lemonade
Tomorrow AM: Peloton, Sysco, Builders FirstSource
MORNING CENTS: Shopify CRUSHED + Fed Raises 50 bps
Stocks had their biggest one-day gain since 2020 yesterday
[FED RAISES RATES] Fed Lifts Interest Rates by Half Point in Biggest Hike Since 2000 - WSJ
[PARTY LIKE IT’S 2019] American Consumers Are Shopping, Traveling, and Working Out Like It's 2019 - WSJ
[PRODUCTIVITY FALLS] Labor productivity fell 7.5% in the first quarter, the fastest rate since 1947 - CNBC
Crypto:
[COINBASE MARKETPLACE] Coinbase Opens NFT Marketplace to All - CoinDesk
[WARREN VS. FIDELITY] Sen. Elizabeth Warren Questions Fidelity’s Plan to Put Bitcoin in 401(k)s - WSJ
Business:
[SHOP + ECOMM RESET]
Shopify Sinks After Earnings Miss and $2.1 Billion Deliverr Deal - Bloomberg
- EBay, Etsy Drop on Weak Guidance, Caught Up in an E-Commerce Reset - CNBC
- [ROBINHOOD LENDING] Robinhood Launches Stock-Lending Program - TechCrunch
Other Earnings:
Yesterday PM: Twilio
Today AM: Crocs, Penn National, Sunrun, Wayfair, NikolaEarnings Today PM: Block, Fubo, Lucid, Cloudflare, Opendoor, Mercado Libre, Wish, Doordash
MORNING CENTS: Lyft TANKS + AMD CRUSHES earnings
Macro:
[JOB OPENING RISE] U.S. Job Openings, Quits Reach March Records in Tight Labor Market - WSJ
[EU’S RUSSIAN GAS] Europe Scrambles for Energy Before Cutting Itself Off From Russia - WSJ
Crypto:
[NFT SALES DOWN] NFT Sales Are Flatlining - WSJ
[CRYPTO LAUNDERING] Council of Europe Calls for Crypto Laundering Clampdown - CoinDesk
Business:
[AMD CRUSHES EARNINGS] AMD Sales Jump 71%, Shrugging Off Concerns About PC Slowdown - CNBC
[UBER VS LYFT] Uber Pulls Forward Earnings Results After Lyft Shares Plunge on Light Guidance - CNBC
[AIRBNB PROFIT?] Airbnb Revenue Climbs on Record Nightly Bookings and Higher Prices - WSJ
Other Earnings this AM:
Moderna, CVS, Generac, Marriott, Yum Brands
Starbucks yesterdayFOMC Rate Decision at 2:00
Powell Presser at 2:30Earnings:
Today (PM): Etsy, Twilio, Fortinet
Tomorrow (AM): Shopify, Crocs, Penn National Gaming, Datadog, Royal Caribbean, Wayfair
MORNING CENTS: Tech Led RALLY?
[10-YEAR HITS 3%] 10-Year Treasury Yield Hits 3% for First Time Since 2018 - WSJ
[MORTGAGE RATES] Home Buyers Are Finding Ways to Take the Sting Out of Rising Mortgage Rates - WSJ
[CHINA OUTBREAK] Beijing, Shanghai Outbreaks Renew Debate Over China's Covid-19 Strategy - WSJ
Crypto:
[SEC CRYPTO COPS] SEC to Hire More Cryptocurrency Cops to Fight Digital Frauds - WSJ
[FIFA + ALGORAND] Algorand Scores FIFA Partnership; ALGO Prices Surge - CoinDesk
Business:
[BP TAKES RUSSIA HIT] BP Takes $25.5 Billion Hit From Russia Exit - WSJ
[TRAVEL STOCKS?]
- Expedia Revenue Jumps, Sees a 'Robust' Summer Recovery - Barron's
- MGM Resorts Offers $607 Million for Swedish Online Gambling Company - WSJ
Earnings:
This AM (Pfizer, BP, KKR, Hilton)
This PM (AMD, Airbnb, Starbucks, Lyft, Match Group)
Tomorrow AM: (Moderna, CVS, Generac, Marriott)
MORNING CENTS: Warren Buffett Speaks + Inflation Fatigue?
Macro:
Americans Are Showing Inflation Fatigue, Some Companies See a Breaking Point - WSJ
Fed Prepares Double-Barreled Tightening With Bond Runoff - WSJ
Crypto:
Solana Goes Dark for 7 Hours as Bots Swarm 'Candy Machine' NFT Minting Tool - CoinDesk
After Eight Years, Wikipedia Stops Accepting Crypto Donations - Decrypt
Telegram Adds Crypto to Messaging App, Opening Path to Payments - CoinDesk
Business:
Buffett Says Berkshire Owns 9.5% of Activision Blizzard Shares - CNBC
Berkshire Earnings Decline on Slowing Economic Growth - CNBC
Apple Abused Dominance in Mobile-Wallets Markets, According to Preliminary EU View - WSJOne recent headline: Spirit Rejects JetBlue Bid, Will Stick with Frontier Deal - WSJ
Events:
FOMC Meeting this week (Wed)
Earnings:
Today AH (Expedia, Diamondback Energy, MGM Resorts)
MORNING CENTS: U.S. GDP Shrinks + Teladoc gets SMACKED
Macro:
[GDP DOWN] U.S. Economy Shrank in First Quarter - WSJ
[SUPPLY SHOCKS] Russian Gas Cutoff Symbolizes New Era of Supply Shocks and Inflation - WSJ
Crypto:
[SEC RULE PUSHBACK] Cryptocurrency Firms Push Back Against Proposal to Police Treasury Markets - WSJ
[BTC LEGAL TENDER] Central African Republic Becomes Second Country to Adopt Bitcoin - Blockworks
Business:
[FB STOCK JUMPS] Facebook Revenue Slows, User Gains Fuel Stock - WSJ
[TDOC PLUMMETS] Teladoc Stock Plunges After Earnings Outlook Slashed, Large Impairment Charge - MarketWatch
[TWTR EARNINGS] Twitter Reports User Bump, Revenue Miss in Q1 - CNBC
Other news:
PayPal Shares Rise After Quarterly Results - Yahoo
Ford Posts $3.1 Billion First-Quarter Loss, Maintains 2022 Outlook - WSJ
McDonald's Revenue Tops Estimates - CNBC
Carvana Turns to Apollo for Cash - WSJ
MORNING CENTS: Markets Down AGAIN? + Elon buys Twitter.
Macro:
[SPENDING SLOWDOWN?] Cracks In Consumer Spending? - WSJ
- Related: Bookings for durable goods increased 0.8% in March according to the Commerce Department coming in under economist estimates of 1.0%.
[BOND YIELDS] Real Yields Wade Toward Positive Territory, Denting Stocks - WSJ
Crypto:
[BITCOIN 401(K)] Fidelity to Allow Retirement Savers to Put Bitcoin in 401(k) Accounts - WSJ
[BAYC STOLEN] NFTs Stolen After Bored Ape Yacht Club Instagram, Discord Hacked - CoinDesk
Business:
[TWITTER DEAL REACHED] Twitter Accepts Elon Musk's Offer to Buy Company in $44 Billion Deal - WSJ
- Jack Dorsey tweeted "Elon is the singular solution I trust."
[ELECTRIC CORVETTE] GM's Corvette Is Going Electric - Bloomberg
- In a LinkedIn post, General Motors President Mark Reuss said the automaker will offer a hybrid Corvette as soon as next year.
- Related: Ford's first all-electric F-150 pickup truck is rolling off the assembly line today.
[PEPSI EARNINGS] PepsiCo Raises Revenue Outlook as Earnings Beat Estimates - CNBCEarnings:
AH: Microsoft, Alphabet, Visa, GM, Enphase, Chipotle, Texas Instruments
Tomorrow Before Open: Boeing, Spotify, T-Mobile
MORNING CENTS: Elon/Twitter Talks HEAT UP + BIG Earnings Week
Macro:
[JOB SWITCHING] Workers Are Changing Jobs, Raking In Big Raises
[BEIJING LOCKDOWN?] Beijing Braces for Omicron Wave With Hoarding and Testing
Crypto:
[CRYPTO PAYOUTS] Payment Company Stripe Enables Crypto Payouts in USDC
[GPU PRICES] GPUs Get Cheaper as Ethereum's Switch to PoS Gets Closer
Business:
[TWITTER/ELON] Twitter, Elon Musk Are in Talks to Strike a Deal
[PE EYES TOSHIBA] CVC, KKR Mulling Toshiba Buyout Bids
[ARKK FLOWS] Cathie Wood's Flagship Fund Is Down 45% YTD. Money Is Still Flowing In
MORNING CENTS: Tesla EARNINGS + Coinbase NFT Marketplace LIVE
Macro
U.S. Home Prices Hit a Record in March - WSJ
Powell Could Seal Expectations of Half-Point Rate Rise in May - WSJ
Crypto
Coinbase NFT Marketplace Goes Live - CoinDesk
Goldman Says Apple, Meta Lead in Developing Metaverse Technology - CoinDesk
Business
Tesla Reports $18.76 Billion in Revenue and Record Margins in Q1 - CNBC
Ackman's Hedge Fund Sheds Stake in Netflix - WSJ
United Airlines Sees a Return to Profit on Surging Summer Travel - Bloomberg
Earnings After Close: Snap, Intuitive Surgical
Earnings Tomorrow: Verizon, American Express
MORNING CENTS: Netflix get CRUSHED + Economic Slowdown?
Macro
IMF Sees Global Economic Slowdown Amid Ukraine War - WSJ
Biden Administration Restores Stricter Environmental Reviews - WSJ
- Existing Home Sales at 10am
- Fed’s Beige Book at 2pm
Crypto
Crypto Exchange Uniswap Hit With Class Action Lawsuit - Blockworks
Australia Set to Introduce New Spot ETFs for Bitcoin and Ether Next Week - CoinDesk
Business
Netflix Explores a Version With Ads as Subscriber Base Shrinks - WSJ
ASML Sees Rising Demand After Earnings Hit by Supply Snags - Yahoo Finance
P&G Tops Wall Street Estimates as Price Hikes Counteract Inflation - CNBC
Earnings AH
Tesla, United Airlines
MORNING CENTS: NEW Bidder for Twitter + HOUSING Data
Macro
Housing Starts and Permits Exceed March Expectations Led by Multifamily - Census
Related: Homebuilder sentiment fell (77 vs. 78 est.) in April for a fourth straight month as elevated mortgage rates are exacerbating high prices for new and existing homes.
The Fed Seeks a Soft Landing - WSJ
Crypto
North Korean Hackers Responsible for Last Month's Ronin Theft, FBI Confirms - Blockworks
Blockchain.com Could Look at an IPO as Early as This Year - Bloomberg
Business
Apollo Global Considers Participating in a Bid for Twitter - WSJ
Spotify Rival Deezer Strikes SPAC Deal Valuing It at About $1.1 Billion - TechCrunch
Blackstone Bets on Campus Housing With $13 Billion Acquisition - WSJ
Other News
Under New Guidance, Zero Countries Remain on CDC’s ‘Do Not Travel’ Covid-19 List - WSJ
Judge Throws Out Federal Mask Mandate for Public Transportation - WSJ
Earnings
Johnson & Johnson reported this morning
Netflix / IBM / Interactive Brokers report this afternoon
Morning Cents: Inflation + Amazon Satellites + Peloton Guide
Macro
Several Million U.S. Workers Seen Staying Out of Labor Force Indefinitely - WSJ [LABOR FORCE STAYS OUT]
Credit-Card Spending Belies Consumers' Glum View of the Economy - WSJ
China's First Quarter GDP Beats Expectations - CNBC [CHINA’S GDP]
Crypto
Russian Crypto Bill Amendment Targets Mining, Trading - Blockworks [RUSSIAN CRYPTO BILL]
Grayscale CEO on Bitcoin Spot ETF: 'A Matter of When and Not If' - CNBC [GRAYSCALE BITCOIN ETF]
Business
Rivian CEO Warns of Looming Electric-Vehicle Battery Shortage - WSJ [RIVIAN CEO: SHORTAGE?]
Twitter Adopts Poison Pill Plan to Block Elon From Increasing Stake - WSJ [TWITTER POISON PILL]
Bank of America Profit Falls But Tops Estimates - CNBC [BofA EARNINGS]
Events
NAHB Housing Market Index at 10:00
Earnings This Week: Netflix (Tuesday), ASML (Wednesday), Tesla (Wednesday), Snap (Thursday)
MORNING CENTS: Elon/Twitter + EARNINGS
Macro
U.S. Retail Spending Advanced Modestly in March - WSJ
Crypto
Ethereum Merge No Longer Expected in June - CoinDesk
NFT of Jack Dorsey's First Tweet Ends With a Top Bid of $280 - CoinDesk
Business
Elon Musk Offers to Buy Rest of Twitter in $43 Billion Deal - WSJ
Big Banks Report Earnings - CNBC
Starbucks Prepares to Expand Worker Benefits That Might Exclude Unionized Staff - WSJ
Andy Jassy’s First Annual Shareholder Letter - CNBC
+ MARKETS CLOSED TOMORROW
MORNING CENTS: Earnings SZN + More Inflation Data...
Macro
U.S. Producer Price Index Rises 11.2% - Bureau of Labor Statistics
Chaotic Trading in Energy, Metals and Food Spills into Real World - WSJ
Crypto
Meta Plans to Take a Nearly 50% Cut on NFT Sales In Its Metaverse - CNBC
Bored Apes Go Hollywood With Coinbase-Produced Movie Trilogy - CoinDesk
Business
Peloton Activist Takes Aim at New CEO, Again Pushes For Sale - CNBC
Delta Says Travel Rebound Is Keeping Pace With Surging Fuel Costs - WSJ
JPMorgan Results Marred by $524 Million Loss Tied to Ukraine War - Bloomberg
Other earnings:
BlackRock
Bed Bath and Beyond
Tomorrow’s Earnings:
TSMC
Wells Fargo
Goldman
Citi
Morgan Stanley
UnitedHealth Group
Ally
Are you FED up with stocks yet?!
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Topics covered (in order):
Intro / Market Overview // Omicron // Fed Announcement // Macro // $PLTR // Growth vs. Value Stocks ($SE, $SHOP, $DDOG, $SQ, $TSLA, $NVDA, $PTON, $AMZN) // VM: $TI // Liquidity // VM: Insider Trading ($FIGS) // $UPRO // $CRWD // $PLTR // ROIC Portfolios // Chinese Stocks ($BABA)
Oh My Cron! Billionaires Selling at Historic Levels...
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Topics covered (in order):
Intro / Market Overview // Evergrande // Omicron // Inflation // Crypto // Billionaires Selling Stock // $NU (Quick ‘Billionaires…’ interruption) // VM: $SYK & $ISRG // VM: $GEF // VM: $ET // Research Request: $OLPX and PE Sponsors // Commodity Stocks // $HOOD
Dramatic Markets! Stay calm...
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Growth Stocks keep getting HAMMERED
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Topics covered (in order):
Intro / Market Overview // Fundamental Intrinsic Valuation // BOO:LN // What’s a DCF? // $RBLX // $PTON // $ROKU // VM: $SQ // VM: $PYPL // VM: $GPN
Rerating of Growth Stocks Coming? [I'm worried]
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Topics covered (in order):
Intro / Market Overview // Growth Stock Trends // Rerating Defined (OTC: TCNNF) // Crypto // $PSFE // $OPFI // Wall Street Talk // VM: $OLPX // $TLRY
Stocks 'overvalued'? I figured it out... [+ PTON and UBER]
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Topics covered (in order):
Intro / Cents Philosophy // What are investors looking for? // Stock Theses: $PTON, $Z // $PTON // $UBER // $PYPL // $PENN // Handling Price Swings / Batting Average // $BIRD
Apple and Amazon's bad earnings...
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Topics Covered (in order):
Intro / Market Overview // $FB > Meta // $AMZN // $AAPL // CHIPS Act // VM: Real Estate / Fundrise // VM: $BRK.A // VM: $PTON
Bitcoin to $100k | Snapchat TANKING!
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Topics Covered (in order):
Intro / Bitcoin & Crypto // Market Overview // $BOWXU & $SNAP // $DWAC // Big Board Overview // VM: Cybersecurity Supercycle? // Big Board Big Plan // VM: Portfolio Management // VM: Buying in Pairs
'Long-term' Investing Vs. 'Trading' | Real Talk
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Topics Covered (in order):
Intro / Market Overview // Cents Investing Philosophy // VM: Long-Short Funds // VM: $YETI // VM: Finance Careers // $GRWG // Justin’s ROIC Journey // $TDOC // $FORG // $RVIN vs $LCID
Are growth stocks back? | What kind of videos do YOU want?
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Topics Covered (in order):
Intro / Market Overview // ROIC Big Board // What Does the Community Want? // Chinese Stocks // Long-Term Investing and Big Board Management // $BBBY // VM: $MTCB // VM: $SPOT // VM: Gold
Unpopular Opinions Extra: ‘Party is Over” in China? With …
**Cents Featured Podcast**
Join Justin Oh and co-host Tom Nash in this week's Unpopular Opinions episode. This episode brings you an exclusive interview Winston Sterzel (aka SerpentZa), the original China YouTuber with deep expertise and personal experience in the country.
Check out SerpentZa's YouTube channel here! https://www.youtube.com/serpentza
Check out Unpopular Opinions YouTube channel here! https://www.youtube.com/c/UnpopularOpinions
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Warby Parker & Olaplex IPO. Palantir Analysis...
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Topics Covered (in order):
Market Overview / Cents Update // $WRBY // $OLPX // $PLTR // VM: $HBI // VM: House Renovations Funds // VM: $LSPD // $FB // $PSFE // $BROS // $RIVN
Talkin' Stocks with Justin Oh!!
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Topics Covered (in order):
Intro/Market Overview // Evergrande // Fundrise // 1st Raffle Giveaway! // $PLTR DCF // $COOK DCF // 2nd Raffle Giveaway! // VM: $VRT // VM: $PGR
Too Late for Solana? Peloton Apparel Game-Changing?
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Topics Covered (in order):
Intro/Market Overview // $PTON // $LULU // Cents Philosophy // $COOK // Crypto
New growth and crypto bull market?
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All content in this episode is my opinions and personal research for entertainment purposes only. It does not represent financial advice, nor should it be construed as such.
Topics Covered (in order):
Intro / Market Update // Hedge Fund vs. Private Equity // Solana // Cents Video Content Update // Raffle Giveaway! // Growth Stock Market // Hedge Funds - Delta Neutral // VM: TSE: LSPD // VM: $PD // VM: $COIN // Decentralized Exchanges // $LCID // VM: $QDEL // Dogecoin / Crypto // Raffle Giveaway! // $RKLB