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Last week, we shared a film finance opportunity with our Altea members, and it set all kinds of records with over $3 million of interest. | Check out the investment memo. Watch our Q&A | We’ve carved out an allocation for our accredited Stocks and Income investors as well. | | We’re taking commitments through this Friday. |
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Will this wearable wellness company get acquired? |
Our new author Jeff Briskin thinks so. |
Sensate is an innovative device designed to reduce stress and anxiety using infrasonic therapy. |
It uses a combination of vibrations and sound to stimulate the vagus nerve and destress your nervous system in just 10 minutes. |
From Jeff's analysis:: |
| ❝ | | | My prediction is that Sensate will be acquired...most likely by a larger high-tech wellness device company with a more diversified product line. | | | | — Alts contributor Jeff Briskin |
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Why you should consider investing in Sensate: |
Patented: Sensate stands out with its patented product utilizing infrasonic therapy High demand: Sensate has 50,000 users, who have logged over sixty million minutes of use, or about 1,200 minutes per user. They've generated $15 million in revenue. Primed for an acquisition: The wearable wellness market is growing by 13.8%/year, and is expected to hit $69 billion by 2028. Lots of room for M&A. |
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Learn more: |
Read our deep-dive analysis Questions? Start here 👇 |
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📰 Market Headlines |
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US stocks saw their worst fall since 2022, as the Dow plunged over 1,100 points due to mounting concerns over the US economic health. The S&P 500 and Nasdaq sank nearly 3% and 3.4%, respectively, marking the worst start to any month since 2002. Market volatility spiked to pandemic-era highs, with Japan's Nikkei 225 plummeting 12%. Oil prices tumbled as investors braced for a global slowdown; hedge funds sold 117 million barrels in key futures contracts. Crypto markets joined the bloodbath, with Bitcoin falling 24% and Ethereum dropping nearly 30% over the past week. |
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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: |
“Let it burn, you greedy bulls” |
📈 Trends you need to know | | Wyatt Cavalier @itiswyatt | |
| $BTC has outperformed $QQQ over
- 1 day
- 1 month
- 6 months
- 1 year | 💥PETITION💥 @petition “Safe haven”. |
| | | | 8:14 AM • Aug 6, 2024 | | | |
| | 0 Likes 0 Retweets | | 0 Replies |
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🧠 What do you think? |
Asian and European stocks mostly bounced back bigly today, and US futures are up slightly. |
Where does the S&P 500 end up today? |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
Palantir shares surged 15.4% after announcing a 27% rise in revenue. Hims & Hers Health exceeded estimates by 3.5%, shares rose 5%. Lucid Motors climbed 8% despite missing EPS expectations. Simon Property exceeded Q2 EPS estimates; shares advanced 2%. Tyson Foods posted Q3 revenue up 1.6% year-over-year, rising shares 2%. Avis Budget Group dropped 5.3% due to missing Q2 sales targets. Clover Health topped Q2 earnings estimates with revenue up 11%, launching shares up 12.57%. |
Market movers |
Elon Musk revived his lawsuit against OpenAI and Sam Altman, accusing them of prioritizing profits over public good. The NTSB summoned Boeing and Spirit AeroSystems executives to testify at a hearing on the Alaska Airlines door plug mid-air blowout. A US District Judge ruled Google violated antitrust law by spending billions to secure exclusive search engine agreements. A YouTuber is suing OpenAI for allegedly using video transcripts to train AI models without consent. |
Ideas, trends, and analysis |
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The US services sector rebounded in July, with the ISM non-manufacturing PMI rising to 51.4 from June's low of 48.8. The world's 500 richest people lost $134 billion overnight, with Jeff Bezos losing nearly $16 billion. US banks have reported the best loan demand in two years. |
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🌍 Global Perspectives | 🇰🇵 North Korea's Kim Jong Un oversaw the delivery of 250 new tactical ballistic missile launchers to front-line troops. 🇳🇬 Nigerian police killed at least 23 protesters involved in demonstrations against the high cost of living. 🇧🇩 Bangladesh's Prime Minister Sheikh Hasina resigned and fled the country after weeks of deadly anti-government protests. 🇨🇳 China announced a $42 billion stimulus package to boost consumer spending and economic growth. 🇨🇴 Colombia's armed forces restarted military operations against the ELN rebel group after a six-month ceasefire ended. |
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📊 Crypto | | The crypto market crashed, wiping out $367 billion in 24 hours, with Bitcoin plunging 15% and Ether falling 22%. Most coins recovered this morning. Function X launched an AI Innovation Fund with 10 million $FX tokens for blockchain AI projects. US lawmakers introduced legislation to expand Secret Service authority in combating crypto crimes. DeFi platform Aave generated $6 million in revenue overnight from liquidations during market turmoil. | |
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🧠 Errata | A 911 operator coached a mom through a surprise at-home birth in just 8 minutes. Australian authorities euthanized a 16-foot crocodile after a fatal attack, the second incident this month. A landslide in southern Ethiopia's Wolaita area killed 13 and forced over 300 to evacuate. Scientists found pristine plant fossils under Greenland's ice sheet, confirming recent complete melting. |
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📺 What to Watch Today |
| Wayanad landslides: Death toll crosses 300, choppers roped in for evacuation ops | WION |
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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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