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Subscribed 4 years, 3 months ago
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Sponsored by
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<div style="font-family:'General Grotesque', Arial;font-size:13px;line-height:1;text-align:center;color:#000000;">
Last Week’s Market Moves
</div>
</td>
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<td style="font-size:0px;word-break:break-word;">
<div style="height:20px;line-height:20px;">
</div>
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<tr>
<td>
<span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Dow Jones
<br/>
<span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
33,670
<span style="color: rgb(0, 200, 5);">
(+0.79%)
</span>
</span>
</span>
</td>
<td>
<span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
S&P 500
<br/>
<span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
4,328
<span style="color: rgb(0, 200, 5);">
(+0.45%)
</span>
</span>
</span>
</td>
<td>
<span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Nasdaq
<br/>
<span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
13,407
<span style="color: rgb(255, 80, 0);">
(-0.18%)
</span>
</span>
</span>
</td>
<td>
<span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Bitcoin
<br/>
<span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
$27,013
<span style="color: rgb(255, 80, 0);">
(-3.34%)
</span>
</span>
</span>
</td>
</tr>
</table>
</td>
</tr>
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<tr>
<td>
<span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Dow Jones
<br/>
<span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
33,670
<span style="color: rgb(0, 200, 5);">
(+0.79%)
</span>
</span>
</span>
</td>
<td>
<span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
S&P 500
<br/>
<span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
4,328
<span style="color: rgb(0, 200, 5);">
(+0.45%)
</span>
</span>
</span>
</td>
</tr>
<tr>
<td>
<span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Nasdaq
<br/>
<span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
13,407
<span style="color: rgb(255, 80, 0);">
(-0.18%)
</span>
</span>
</span>
</td>
<td>
<span class="text" style="font-family: 'General Grotesque', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Bitcoin
<br/>
<span style="font-family: 'General Grotesque Bold', Arial; font-weight: 700;">
$27,013
<span style="color: rgb(255, 80, 0);">
(-3.34%)
</span>
</span>
</span>
</td>
</tr>
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<div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
<p>
<b>
Hey Snackers,
</b>
</p>
<p>
A new book about
<b>
Costco
</b>
<a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
<u>
dug up
</u>
</a>
some eye-popping stats: the free-sample star sells more hot dogs than all MLB stadiums combined — and half the world’s cashews. That’s nuts.
</p>
<p>
Despite strong earnings from Wall Street banks, stocks wobbled last week. As earnings season kicks off,
<b>
</b>
investors worry another rate hike could be around the corner after last month’s hotter-than-expected inflation #s.
</p>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
<strong>
Btw...
</strong>
Do you want to start getting Snacks daily? Or prefer to unsubscribe? Manage your subscription preferences
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here
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.
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<div style="font-family: 'General Grotesque Bold', Arial; font-weight: 700; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; display: inline-block;">
De-lux
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<div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
<p>
Luxury brands are losing some luster as aspirational (and deep-pocketed) shoppers cut back on designer splurges
</p>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
<p>
<b>
Snaggin’ a new Louis clutch
</b>
… on your Pinterest board. Last week,
<b>
LVMH,
</b>
the world’s largest luxury group, dropped less-than-stellar results after years of lavish consumer spending on its iconic brands like Louis Vuitton and Dior. LVMH’s fashion and leather goods, its biggest category, saw sales grow 9% — well below the 20% growth it posted in the first half of the year. Sales for its wine and spirits brands like Hennessy and Moët took a 14% tumble.
</p>
<ul style="padding-left:18px">
<li style="margin-bottom:12px">
<p>
<b>
Old throne
</b>
: Last month the luxury titan lost its status as Europe’s most valuable company to Ozempic maker
<b>
Novo Nordisk
</b>
as the spending slowdown took a bite out of its market cap.
</p>
</li>
<li style="margin-bottom:12px">
<p>
<b>
New probs
</b>
: LVMH is the first luxe heavyweight to report earnings this quarter, and could give more color on what to expect from rivals’ results. It’s not looking pretty…
</p>
</li>
</ul>
<p>
<b>
Designer doldrums
</b>
… High-end brands rely heavily on spending from China, where the economic rebound hasn’t been rebounding. Last month, Chinese luxury spending at home and abroad was about 80% of 2019 levels, and experts think a full recovery could take a while. In the US, brands like Gucci’s
<b>
Kering
</b>
and Cartier parent
<b>
Richemont
</b>
said aspirational shopping had nearly dried up as consumer savings dropped to the lowest level in nearly a year.
</p>
<ul style="padding-left:18px">
<li style="margin-bottom:12px">
<p>
<b>
Window-shop:
</b>
Some high-income shoppers (think: $100K+/yr) started opting for discount retailers like Walmart and Dollar Tree. In Europe, wealthy shoppers who splurged this summer have cut back too.
</p>
</li>
</ul>
<p>
</p>
</div>
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<div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:700;line-height:0;text-align:left;color:#000000;">
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<img height="17px" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.robinhood.com%252Fmarketsnacks_assets%252Fv2%252Ftakeaway-black.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4ucm9iaW5obyJ9:1qsMWu:iL-5JayZkoAr3-o8FVoZxoY3RnLX95n0SngfaZVV69g" width="17px"/>
</td>
<td style="font-family: 'General Grotesque Bold', Arial; width: 100%; padding: 0; height: 17px; line-height: 0; padding-top: 1px;">
THE TAKEAWAY
</td>
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<div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
<p>
<b>
Luxury’s golden age is less glittery
</b>
… Last year, strong demand led lots of brands to splurge on huge ad campaigns and hike prices 8% (FYI: the historical average is about 1%). But with consumption at a crossroads and inflation still high, more folks are choosing groceries and getaways over a fresh $5K bag. The slowdown is likely here to stay: while global luxury sales are expected to grow from $415B this year to half a trillion by 2027, overall luxe spending is expected to keep slowing.
</p>
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Sponsored by LiquidPiston
</div>
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<a target="_blank">
<img height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fimages.ctfassets.net%252Fmwphzyq69oso%252FwMbwU3blQAZ2JacYhRjKp%252Ff25863180a1f5f452cfffadd2ac33ff6%252Fimage1.png%253Fw%253D536/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZpbWFnZXMuY3RmYSJ9:1qsMWu:QbTtVrZvtDTSYt_alJm0eB0cJvygve71_wfKfwOzmVk" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="536"/>
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<div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
<p>
This is one engine-ious family
</p>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
<p>
Nikolay and Alexander Shkolnik, the physicist dad and MIT grad behind LiquidPiston, are delivering the
<a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
<b>
<u>
first major innovation to the combustion engine in over 150 years
</u>
</b>
<u>
.
</u>
</a>
</p>
<p>
And guess what? They’re giving you the chance to become a shareholder before their private equity offerring campaign closes on October 24th.
</p>
<p>
They’ve patented a
<a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
<b>
<u>
new thermodynamic cycle
</u>
</b>
</a>
to power a redesigned engine that boasts up to
<b>
10X the power of a traditional piston engine
</b>
while achieving up to 30% fuel efficiency. It can even run on a range of fuels, from diesel to hydrogen (with near zero carbon emissions).
</p>
<p>
No wonder this (thermo)dynamic duo has unlocked
<b>
377% in revenue growth
</b>
since Q4 2021,
<b>
17K investors
</b>
, and
<b>
$65M in contracts
</b>
from the U.S. Army, Air Force, and more.
</p>
<p>
This could be your last chance to become a LiquidPiston shareholder at this price. The opportunity to invest in this offering ends
<a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
<b>
October 24th.
</b>
</a>
*
</p>
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Events
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<div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
<p>
Coming up this week
</p>
</div>
</td>
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<div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
<p>
<b>
Un-Ludicrous mode… Tesla
</b>
’s
<b>
</b>
rolling up to report earnings on Wednesday, but its already public delivery and production #s disappointed: Musk’s darling cranked out 430K cars last quarter, down from 480K the previous q. Deliveries also fell, to 435K. Tesla blamed the declines on scheduled downtimes for factory upgrades but stayed with its annual target of 1.8M EVs. This month Tesla had another round of price cuts for certain models in the US: the Model 3 now costs $38.9K (about $10K less than the average car or truck), which could drive demand.
</p>
<p>
<b>
You still watchin’?...
</b>
<b>
Netflix
</b>
reports Wednesday, and Wall Street is expecting revenue growth even amid months of Hollywood strikes. It’s a big test for Netflix’s password-sharing crackdown and the removal of its $10 ad-free “basic” plan, both of which have boosted subscriber growth so far. Netflix reportedly has plans to raise prices once the actors’ strike ends too. Execs have said that revenue is higher on ad-supported plans than on ad-free ones. Still, building an ad business ain’t easy: in June, ad-tier subscribers were just half of what Netflix had projected.
</p>
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<div style="font-family: 'General Grotesque Bold', Arial; font-weight: 700; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; display: inline-block;">
Sponsored by Nasdaq
</div>
</div>
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<div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
<p>
The most powerful currency…
</p>
</div>
</td>
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<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
<p>
<b>
…is information.
</b>
<a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
<u>
Nasdaq TotalView
</u>
</a>
offers insight into what other traders are doing by showing the quantity of open orders at multiple price points, so you can stay one step ahead of the herd.
</p>
<p>
<a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
<u>
Learn more about how Nasdaq TotalView can help you trade smarter.
</u>
</a>
</p>
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Zoom out
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<td align="left" class="type-no-paragraph-margins" style="font-size:0px;padding:0;padding-top:24px;padding-bottom:12px;word-break:break-word;">
<div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
<p>
Stories we’re watching
</p>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
<p>
<b>
“Ethical AI” arrives… Adobe
</b>
has debuted AI tools, including the newest version of its image generator, Firefly. Social-media users are comparing Firefly pics side-by-side with ones generated by
<b>
Dall-E
</b>
and
<b>
Midjourney
</b>
. But while competitors have been accused of training their AI on copyrighted images, Firefly only uses Adobe’s stock pics.
<b>
Getty Images
</b>
recently announced an AI image generator that its CEO called “socially responsible” because it only uses Getty’s licensed library. That could help avoid lawsuits: artists already sued
<b>
StabilityAI
</b>
and
<b>
Midjourney.
</b>
</p>
<p>
<b>
In the spotlight…
</b>
The Israeli gov’t worked with
<b>
Binance
</b>
to freeze accounts it said were tied to Hamas. It’s not the first time Israel’s teamed up with the world’s largest crypto exchange. Since 2021, authorities have seized nearly 200 Binance accounts that officials said were connected to terrorists. But experts worry the tech’s use by Hamas could bolster support for a US crypto crackdown.
</p>
</div>
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<div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
What else we're Snackin'
</div>
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<p>
<a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
<b>
<u>
OldSchool
</u>
</b>
</a>
<b>
:
</b>
Strikes by US autoworkers, actors, and hospitality workers are lasting longer, as experts say employers are using decades-old strike-negotiation playbooks and underestimating workers’ resolve.
</p>
</li>
<li style="margin-bottom:12px">
<p>
<a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
<b>
<u>
EmptyTank
</u>
</b>
</a>
<b>
:
</b>
Owning a car costs thousands more than it used to, from sticker prices to leasing. Between repairs, insurance, and other costs, getting behind the wheel can be beyond a lot of Americans’ budgets.
</p>
</li>
</ul>
<p>
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The Daily Newsletter
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Get fresh takes on financial news every week day. Try a sample:
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🗞️
<a rel="noopener" style="color: #26A19B; text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Meta’s bad news
</a>
• Oct 13, 2023
<br/>
🚯
<a rel="noopener" style="color: #26A19B; text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Trashing junk fees
</a>
• Oct 12, 2023
<br/>
🚚
<a rel="noopener" style="color: #26A19B; text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Texas-border bottleneck
</a>
• Oct 11, 2023
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<div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
Snack Fact Of the Day
</div>
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<div style="font-family:'General Grotesque', Arial;font-size:24px;font-weight:500;line-height:32px;text-align:left;color:#26A19B;">
<p>
At 2,749 pounds, the world’s heaviest pumpkin could be baked into about 700 pies
</p>
</div>
</td>
</tr>
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<a rel="noopener" style="color: #26A19B; text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
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<td style="direction:ltr;font-size:0px;padding:0 10px;text-align:center;">
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
<tbody>
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<td style="vertical-align:top;padding:0;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
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<td align="left" style="font-size:0px;padding:0;padding-bottom:12px;word-break:break-word;">
<div style="font-family:'General Grotesque Bold', Arial;font-size:24px;font-weight:700;line-height:32px;text-align:left;color:#000000;">
This Week
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'General Grotesque', Arial;font-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000;">
<ul style="padding-left:18px">
<li style="margin-bottom:12px">
<p>
<b>
Monday:
</b>
The World Investment Forum begins. National Boss’s Day. Earnings expected from
<b>
Charles Schwab
</b>
</p>
</li>
<li style="margin-bottom:12px">
<p>
<b>
Tuesday
</b>
: Earnings expected from
<b>
Bank of America
</b>
,
<b>
Goldman Sachs
</b>
,
<b>
Albertsons
</b>
,
<b>
Lockheed Martin
</b>
,
<b>
Prologis
</b>
,
<b>
Johnson & Johnson
</b>
, and
<b>
United Airlines
</b>
</p>
</li>
<li style="margin-bottom:12px">
<p>
<b>
Wednesday:
</b>
Earnings expected from
<b>
Equifax
</b>
,
<b>
Alcoa
</b>
,
<b>
Citizens Bank
</b>
,
<b>
Morgan Stanley
</b>
,
<b>
Ally Financial
</b>
,
<b>
Tesla
</b>
, and
<b>
Procter & Gamble
</b>
</p>
</li>
<li style="margin-bottom:12px">
<p>
<b>
Thursday:
</b>
Earnings expected from
<b>
American Airlines
</b>
,
<b>
Alaska Air
</b>
, and
<b>
AT&T
</b>
</p>
</li>
<li style="margin-bottom:12px">
<p>
<b>
Friday:
</b>
Earnings expected from
<b>
American Express
</b>
</p>
</li>
</ul>
<p>
Authors of this Snacks own shares of Alaska Air, and Tesla
</p>
<p>
*Advertiser’s disclosure: This is a paid advertisement for LiquidPiston’s Regulation A+ Offering. Please read the
<a class="css-0" rel="noopener" style="color:#26A19B;font-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text-underline-offset:1px" target="_blank">
offering circular
</a>
and
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related risks
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at
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1 year, 11 months ago - noreply@robinhood.com
…and Netflix puts its password crackdown to the test It’s not all Gucci (Future Publishing/Getty ...