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Apple calls Trump, Netflix beats, investors invest
Week ending October 20th
Do you guys ever clean out your cupboards and think “when the hell did I buy this and will I die if I eat it?”
Turns out there are a few foods that never spoil, like honey, rice, and hard liquor. The three food groups.
So if you only buy those things, you’ll never have to worry about your food going off.
Pro tip!
Markets
PAST WEEK | YEAR-TO-DATE | |
---|---|---|
Nasdaq | -0.4% | +22.8% |
S&P500 | +0.5% | +23.7% |
MSCI Emerging Markets | -0.3% | +15.6% |
Bitcoin* | +9.6% | +60.8% |
Ethereum* | +10.2% | +15.1% |
Stock of the week: | +22.8% | +40.4% |
Crypto of the week: | +114.8% | -10.6% |
Source: CoinGecko.com As of 4:07PM October 20, 2024
World news
Top news stories of the past week
1) Apple wants Trump in their corner: On a recent podcast, presidential candidate Donald Trump said Tim Cook, CEO of Apple, called and asked for his support on the $15 billion fine they’re facing from the European Union. Cook may be hoping Trump can make the EU back down!
2) Netflix + chill = $: Netflix shares hit an all-time high after it topped estimates for quarterly subscriber additions by more than 1 million and projected higher sign-ups sequentially for the last three months of the year when South Korean drama "Squid Game" returns.
3) The people want stocks: U.S. equity funds saw $20 billion in net purchases this past week, following about $3.98 billion worth of inflows in the previous week. People are optimistic about stocks and want to buy them!
Top WEIRD stories of the past week
1) People are STILL trying to bring the Tasmanian Tiger back to life. How cool was this thing?
2) The mayor of a small German town banned cactuses after pricking himself. Spiteful.
3) Police discover drugs in a bag labelled 'definitely not a bag full of drugs'. So good.
Chart
You like charts? Graphs? Ya you do
SpaceX continues to dominate the rocket industry:
Investment idea
What are we investing in?
Tech stocks
Global hedge funds this week bought U.S. information technology stocks, like semiconductors and hardware, at the fastest rate in five months.
So, why not copy off the smart kids in class?
There are a few guarantees in life:
1) Death
2) Taxes
3) Technology is becoming more a part of your life every day
Do you want to fight it or profit from it?
Here are three ways to invest in U.S. technology stocks:
1) Invesco QQQ Trust (QQQ)
This is an exchange-traded fund (ETF) that tracks the Nasdaq-100 Index, which includes 100 of the largest non-financial companies listed on the Nasdaq. It’s heavily weighted towards U.S. tech giants like Apple, Microsoft, Amazon, and Alphabet.
2) Vanguard Information Technology ETF (VGT)
This ETF focuses specifically on the information technology sector and offers broad exposure to U.S. tech stocks. It includes companies like Apple, Microsoft, Nvidia, and Visa. It's a good option if you want to concentrate solely on tech stocks.
3) Fidelity Select Technology Portfolio (FSPTX)
This fund focuses on growth potential by investing primarily in companies engaged in offering technology products, services, and equipment. It's heavily weighted towards U.S. technology giants, including software and semiconductor companies like Apple, Nvidia, and Adobe.
History
On this day…
…in 1805, was the Battle of Trafalgar: a decisive naval engagement during the Napoleonic Wars in which the British fleet, under Admiral Lord Nelson, defeated the combined French and Spanish fleets, securing British naval dominance but costing Nelson his life.
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