📈 Netflix Stock Jumps

Plus: Ready to POP

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Good Morning!

Tech might be grabbing headlines, but don't sleep on the other sectors—consumer discretionary, financials, and industrials are up big, and money is flowing fast. Bitcoin's knocking on $67K, but there’s some serious resistance to watch. And if you're hungry for the next big thing? Small-caps like SoundHound AI and Archer Aviation are ready to explode.

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Markets

US stock futures were mostly flat on Friday as investors processed earnings reports and China's latest growth figures. Netflix exceeded profit expectations, marking a shift towards prioritizing income over subscriber growth. Meanwhile, gold surged to an all-time high, and Bitcoin climbed, driven by safe-haven demand. China's economy expanded by 4.6% in Q3, slightly below earlier growth rates, while oil prices rose after recent losses but remained on track for a weekly dip. Overall, investors are treading cautiously amid mixed signals from corporate earnings and global economic uncertainty.

📈 NFLX: Netflix Stock Jumps 5% as Streamer Picks Up 5M New Users, Posts Record Profit
Netflix shares jumped 5% after reporting record profits and adding 5.1 million new subscribers, driven largely by its ad-supported tier. The company posted $5.40 in earnings per share and $9.8 billion in revenue, beating expectations. Netflix now plans to shift its focus from subscriber growth to revenue and profit, projecting 15% revenue growth for 2024.

🥇 Gold prices hit record high above $2,700 on election uncertainty, rate cut hopes
Gold prices hit a record high on Friday, climbing to $2,705.26 per ounce, boosted by safe haven demand ahead of the closely contested U.S. presidential election. The uncertainty surrounding the tight race between Kamala Harris and Donald Trump added to gold’s appeal, alongside heightened tensions in the Middle East. Despite a stronger dollar and robust U.S. economic data, which suggested slower interest rate cuts, gold futures rose 0.5% to $2,720.15 per ounce, reflecting increased investor caution.

🤔 3 ETFs to Buy for a Lifetime of Passive Income
If you're looking for steady passive income, consider these top three ETFs: the Vanguard Energy ETF (VDE), heavily weighted in dividend powerhouses like ExxonMobil and Chevron; the JPMorgan Equity Premium Income ETF (JEPI), which offers a high 7% yield through a balanced equity strategy; and the SPDR S&P Dividend ETF (SDY), focused on stocks with over 20 years of consecutive dividend increases. These funds offer solid income potential and diversification.

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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.

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