📈 Big Tech’s $10T Surge

Advertise with us | Our Newsletters | Your Rewards

Good Morning!

U.S. futures are sliding as bank earnings loom, Tesla's robotaxi event left questions unanswered, and Bitcoin tumbled below $59K amid inflation concerns and an SEC lawsuit. Buckle up!

Grab your tiramisu latte and let's get into it! ☕️👇️

Markets

In just the first three quarters of this year, over $10 trillion has flowed into the market, mostly into seven big tech stocks. These giants, known as the Magnificent Seven, now make up nearly 30% of the S&P 500's total value, contributing more than $15 trillion. The group includes tech behemoths like Microsoft, Apple, Amazon, Nvidia, Alphabet, Meta, and Tesla.

Thanks to the surge in AI-driven innovation, these stocks have soared, driving the S&P 500 to impressive returns of 21% this year. Despite recent pullbacks, the index sits at a staggering $50 trillion valuation—a long way from its humble 100-point milestone back in 1968.

📉 Futures lower, bank earnings ahead, Tesla's robotaxi event - what's moving markets
U.S. stock futures dipped Friday as investors awaited big bank earnings from JPMorgan and Wells Fargo, with Dow futures down 46 points. Tesla unveiled its new Cybercab robotaxi, set to launch by 2027, but shares slid after the event, as key questions remain unanswered. Meanwhile, Berkshire Hathaway reduced its Bank of America stake below 10%, signaling less frequent disclosure of future trades. Lastly, oil prices remained volatile, impacted by Middle East tensions and hurricane damage in the U.S.

👀 The Smartest Growth Stock to Buy With $500 Right Now
Nu Holdings (NYSE: NU) is a fast-growing digital bank that’s taken Latin America by storm, yet it’s still flying under the radar for many investors. With a market cap of $64 billion, it serves over half of Brazilian adults and continues expanding in Mexico and Colombia. Backed by Warren Buffett, the company’s innovative, low-cost approach and strong growth—50% sales increase annually—make it a promising stock to watch. At $13.43 per share, it could soon be worth hundreds of billions.

📉 Bitcoin Tumbles Below $59K Amid Inflation Worry, Regulatory Onslaught on Crypto
Crypto prices dropped sharply on Thursday, with Bitcoin falling 4%, following a spike in inflation and an SEC lawsuit against market maker Cumberland DRW. BTC is expected to remain range-bound until the U.S. election, according to Lekker Capital's Quinn Thompson.

Up to 4X Profits? Yes, Chef!

Carmy’s tattooed arms may no longer be the most distinctive ones in kitchens. As fast food brands face 150% turnover rates, they’re turning to Miso to increase profits up to 4X via AI. After logging 150k+ hours in kitchens for brands like Jack in the Box, Miso just launched its smallest, smartest, fastest robot yet. And its first production run sold out in just 7 days. White Castle even announced interest in rolling out Flippy to 100 of their locations. There are 170+ US fast food brands in need.

Invest in Miso by 10/18

Quick Links

Stocks

• Tesla Robotaxi Event Unveils $30,000 Cybercab with No Steering Wheel. Shares Drop. (TradingView)

• Volkswagen Q3 deliveries down, confirming challenges to European auto sector (Investing.com)

Investing

• Do Vanguard, BlackRock, and State Street Run the World? (Of Dollars and Data)

• 1 Vanguard Index Fund Could Turn $500 Per Month Into a $968,400 Portfolio That Pays $16,000 in Annual Dividend Income (Motley Fool)

Our Recommendations:

💻️ MEXC - Where we find and trade Crypto with low fees.
📈 TradingView - Software we use to chart stocks.
🔐 Trezor - Our favorite hardware wallet to keep our Crypto secure.
🦑 Kraken - Where we buy crypto with cash / withdraw profit to our bank.

Share The Investing Journal with your friends to receive rewards!