Chili's is selling holiday merch like bedding and eye masks inspired by its "Triple Dipper" appetizer combo. Mozz stick pillows, anyone? The Dow and S&P 500 clinched fresh records yesterday after President-elect Trump picked Wall Streeter Scott Bessent to lead the Treasury Department. Investors think the moderate hedge-fund exec could temper some of Trump's more aggressive policies like those related to tariffs. |
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Play has no limits… Sony might make a big bet on portable gaming with a handheld PlayStation 5. The PS5 has smashed records as Sony's most profitable console, raking in $100B+ in sales since its 2020 debut (recall gaming's boom during the pandemic). Now Sony's reportedly building a portable PS5 with more capabilities than its handheld PlayStation Portal (which requires Wi-Fi and can stream only from a PS5). The handheld PS5 is said to be years from launch and could be scratched altogether. |
- Portable problems: Sony phased out its PlayStation Portable console in 2014, and in 2019 it discontinued its handheld PlayStation Vita, a flop.
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Spotting a Squirtle… from plane seat 7A. Nintendo's handheld Switch has become a gaming phenomenon, selling 140M+ units since its launch in 2017 (it's the third-best-selling console ever). Handheld consoles accounted for half of overall gaming market share in 2022. While Switch demand has cooled in recent years, gaming on the go remains hot. Mobile games make up half of global gaming revenue and are expected to bring in $93B this year ($41B more than console games). |
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Meet your customers where they are… Often that's on the go. The PS5 is the gold standard for high-end gameplay and exclusive franchises like "The Last of Us." But a portable version could expand Sony's reach to gamers on the move and help it compete with Nintendo, which will reportedly launch its Switch 2 next year. Microsoft has also confirmed that it's working on a portable version of its Xbox. |
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Data with destiny… Come 2025, we'll be producing too much data for current storage capacity to handle. It's an alarming prospect for any organization that depends on data… which is why technology innovators are getting involved with Atombeam. More compact, high impact… Atombeam has developed data compaction technology that could substitute for billions of dollars in hardware upgrades otherwise needed. The U.S. Space Force and U.S. Air Force have already seen Atombeam's potential, awarding the company $2.4M in defense contracts in 2023. Making waves… The company has industry partnerships in place with NVIDIA, Viasat and Intel1 — and investors are catching on too. With $17M+ raised from thousands of investors across all offerings (and a previous sold-out round) Atombeam is only open to investment for this round until Dec 18. Learn more about becoming an Atombeam investor.2 |
1 The partnership relationship varies between companies and can include the following: inclusion on a preferred vendor list, invitations to participate in certain forums; listed on the other company's website, and introduction and networking opportunities. |
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Data with destiny… Come 2025, we'll be producing too much data for current storage capacity to handle. It's an alarming prospect for any organization that depends on data… which is why technology innovators are getting involved with Atombeam. More compact, high impact… Atombeam has developed data compaction technology that could substitute for billions of dollars in hardware upgrades otherwise needed. The U.S. Space Force and U.S. Air Force have already seen Atombeam's potential, awarding the company $2.4M in defense contracts in 2023. Making waves… The company has industry partnerships in place with NVIDIA, Viasat and Intel1 — and investors are catching on too. With $17M+ raised from thousands of investors across all offerings (and a previous sold-out round) Atombeam is only open to investment for this round until Dec 18. Learn more about becoming an Atombeam investor.2 |
1 The partnership relationship varies between companies and can include the following: inclusion on a preferred vendor list, invitations to participate in certain forums; listed on the other company's website, and introduction and networking opportunities. |
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Laying the foundation… Construction companies are building up to capitalize on big contracts. Quikrete, one of the largest manufacturers of packaged concrete, yesterday announced plans to buy rival Summit Materials for $9.2B. The combo would create a construction-material colossus and shore up Quikrete's ability to make the most of an expected building boom as inflation cools and rates drop. It's the latest in a string of construction consolidation. |
- Scaffolding scoops: This month, pipes and lumber distributor QXO is said to have made an offer for Beacon Roofing Supply. Earlier this year, door and window maker Miter Brands bought window rival PGT for $3B+.
- Hard hats: August saw the largest monthly jump in construction-job openings on record at 60%.
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It's a good time to be a hammer… It's a bull run for bulldozers, fueled by Uncle Sam's dollars. US factory construction is at its highest level in a half century thanks to federal spending. Major Biden admin packages like the Chips Act and the Infrastructure Law have supercharged building activity. In September, infrastructure spending on transportation projects like railroads grew 7% from last year and manufacturing construction spend hit $235B, a 20% surge. Residential construction ain't too shabby either. Analysts anticipate spending on new kitchens, decks, and other remodeling to pick up next year. |
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Incentives cement growth… Federal dollars, like the $39B in manufacturing incentives included in the Chips Act, have kept the wrenches cranking despite rising construction costs. That has companies like Quikrete spending billions to acquire rivals rather than competing for contracts in the hot market. |
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An ad from which luxury-car maker had a lot of people talking — and taking to Google — last week? (Answer here.) |
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A bit of the action… New to crypto and looking to diversify with exposure to Bitcoin? Grayscale's Bitcoin Mini Trust ETF (ticker: BTC) is the lowest-cost3 way to gain Bitcoin exposure in your existing brokerage account (though brokerage fees may still apply). Type BTC… to check out the Bitcoin Mini from Grayscale, wherever you invest. Think crypto, invest Grayscale. Grayscale Bitcoin Mini Trust ETF ("BTC"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the '40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. |
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A bit of the action… New to crypto and looking to diversify with exposure to Bitcoin? Grayscale's Bitcoin Mini Trust ETF (ticker: BTC) is the lowest-cost3 way to gain Bitcoin exposure in your existing brokerage account (though brokerage fees may still apply). Type BTC… to check out the Bitcoin Mini from Grayscale, wherever you invest. Think crypto, invest Grayscale. Grayscale Bitcoin Mini Trust ETF ("BTC"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the '40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. |
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- Macy's delayed its earnings report after discovering a big accounting issue: the retailer said an employee hid up to $154M in expenses.
- It was a big opening weekend for the North American box office, with "Wicked" conjuring $114M and "Gladiator II" hauling in $56M.
- Bath & Body Works stock popped 16.5% after the scented-lotion seller upped its forecast as shoppers grabbed holiday goodies like its "Emily in Paris" body mists.
- A ransomware attack against supply chain software provider Blue Yonder disrupted Starbucks' ability to pay baristas and manage schedules at some stores.
- Amazon workers in 20+ countries plan to strike over Black Friday weekend, demanding better pay and climate policies from the ecomm leader.
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- Home price index
- New-home sales
- Consumer confidence
- Minutes of Fed's May FOMC meeting
- Earnings expected from Abercrombie & Fitch, Kohl's, Macy's, Best Buy, Burlington Stores, Dick's Sporting Goods, Nordstrom, JM Smucker, Manchester United, Dell, CrowdStrike, Workday, HP, and URBN
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Authors of this Snacks own shares of: Amazon, Microsoft, Starbucks, and Sony |
Advertiser's disclosures: ² This is a paid advertisement for Atombeam's Regulation A+ Offering. This Reg. A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. Please read the Offering Circular and related risks at Atombeam's webpage on StartEngine before investing. This was a paid for ad. Sherwood Media has been compensated for this ad by the Atombeam Reg A+ Campaign hosted on StartEngine. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
3 Lowest-cost is based on gross expense ratio at 0.15%. Please read the prospectus carefully before investing in the Trust. Foreside Fund Services, LLC is the Marketing Agent for the Trust. Investing involves significant risk, including possible loss of principal. The Trust holds Bitcoin; however, an investment in the Trust is not a direct investment in Bitcoin. As a non-diversified and single industry fund, the value of the shares may fluctuate more than shares invested in a broader range of industries. Extreme volatility, regulatory changes, and exposure to digital asset exchanges may impact the value of Bitcoin and, consequently, the value of the Trust. Digital assets are not suitable for an investor that cannot afford the loss of the entire investment. There is no guarantee that a market for the shares will be available, which will adversely impact the liquidity of the Trust. The value of the Trust relates directly to the value of the underlying digital asset, the value of which may be highly volatile and subject to fluctuations due to a number of factors. There is no certainty that an active trading market for shares will develop or be maintained which will adversely affect the liquidity of shares of the Trust. |
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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
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