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Good Morning!
Starting off, the stock futures are looking pretty upbeat, maybe they had a good breakfast? Meanwhile, Tesla's making promises of "more affordable" electric cars that are getting investors all revved up. Despite posting some cringe-worthy earnings, Tesla's stock soared a whopping 12%—seems like the mere mention of Elon Musk's future plans works better than a double espresso on Wall Street.
In other news, We’re diving headfirst into a stock that's looking like the ultimate bargain bin find. It's a high-yield dividend stock that’s down nearly 70% — who doesn't love a good sale?
And, drumroll please, TikTok might be doing its last dance in the U.S. as a new bill threatens a ban unless its Chinese owners say goodbye. Joe Biden's pen is ready, and so are we—to see what comes next!
Missed out on Ring and Nest? Don’t let RYSE slip away!
Ring 一 Acquired by Amazon for $1.2B
Nest 一 Acquired by Google for $3.2B
If you missed out on these spectacular early investments in the Smart Home space, here’s your chance to grab hold of the next one.
RYSE is a tech firm poised to dominate the Smart Shades market (growing at an astonishing 55% annually), and their public offering of shares priced at just $1.50 has opened.
They have generated over 20X growth in share price for early shareholders, with significant upside remaining as they just launched in over 100 Best Buy stores.
Retail distribution was the main driver behind the acquisitions of both Ring and Nest, and their exclusive deal with Best Buy puts them in pole position to dominate this burgeoning industry.
From our partners
Markets
Futures mostly higher, Tesla pledges "more affordable" EVs - what's moving markets (5 minute read)
Well, the U.S. stock market seems to be having a bit of a pep in its step today, buzzing with anticipation over some big tech earnings reports on the horizon. Meanwhile, Tesla shares are zipping up faster than one of their electric cars at a green light, thanks to news of cheaper models coming sooner than expected—maybe now's the time everyone gets an EV in their driveway!
And in other "only in America" news, the Senate just voted to potentially put TikTok on the chopping block, unless its Chinese owners cut the cord and sell off the app within the next 9 to 12 months. Grab your popcorn, folks, this show’s just getting started!
Investing
Tesla Stock Rockets 12% as Investors Shrug Off Terrible Earnings for Elon Musk’s Promise (2 minute read)
In a wild swing of events, Tesla's stock (TSLA) shot up 12% in pre-market trading, despite the company dropping some less-than-stellar earnings numbers. Luckily for Tesla aficionados and shareholders alike, Elon Musk swooped in just in time with a statement that seemed to sprinkle a bit of magic back into the mix.
The ‘charismatic’ CEO revealed during the earnings call that a new, more wallet-friendly model (rumored to be the Model 2) could hit the roads much sooner than expected. Musk has cranked up the timeline, moving the production start from the latter half of 2025 to possibly as early as late this year or the beginning of 2025. Talk about a turnaround!
With Shares Down Nearly 70%, I'm Piling Into this Ultra-High-Yield Dividend Stock (5 minute read)
NextEra Energy Partners (NEP) seems to have been on a bit of a rollercoaster lately, with its shares plummeting nearly 70% from their early 2022 peak. This tumble has pushed its dividend yield to a tempting 13%, thanks largely to the rising interest rates taking a bite out of the broader market. Despite these dips, the folks over at The Motley Fool are seizing the opportunity, recently beefing up their holdings in this high-yielding renewable energy stock at prices nearly 70% off the highs. They're betting that NextEra Energy Partners still has plenty of room to run and could offer strong total returns moving forward. It looks like they see a bright horizon beyond the current storm.
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Poll Results
Are you bullish or bearish on the US stock market?
🟩🟩🟩🟩🟩🟩 📈 Stocks will go higher
🟨🟨⬜️⬜️⬜️⬜️ 📊 The markets will move sideways for a while
🟨🟨⬜️⬜️⬜️⬜️ 📉 We're going lower
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