Today is Monday, October 4, 2021.
Never Selling Apple, and Preparing for Inflation
Kenny Polcari, the founder and managing partner of Kace Capital Advisors, said that he is never selling his shares of Apple (Nasdaq: AAPL) during a new episode of the Early Bird podcast featuring investing advice for inflation.
Connecting the Dots: Polcari explains how inflation that occurred decades ago is connected in some ways to the inflation that we are seeing today.
All Around Exposure: During the podcast, Polcarin explains how certain investors should get exposure across most industries, including technology and financials.
Dividends: Stocks that pay a dividend are not for everyone, but Polcari explains why he is personally into dividend stocks.
Final Thoughts: Given the current threat of inflation, it is is critical that investors prepare for it. Listen to this new episode of the Early Bird podcast that provides a deep dive into how investors should prepare.
Notable Earnings Today: Comtech Telecommunications (Nasdaq: CMTL).
Notable IPOs Today: Generation Income Properties Inc. Common Stock (Nasdaq: GIPR), AxonPrime Infrastructure Acquisition Corporation Class A Common Stock (Nasdaq: APMI), WinVest Acquisition Corp. Right (Nasdaq: WINVR), PHP Ventures Acquisition Corp. Class A Common Stock (Nasdaq: PPHP), CENAQ Energy Corp. Class A Ordinary Shares (Nasdaq: CENQ).
Notable Equity Crowdfunding Campaigns Ending Today: Nanomed Tracking (NetCapital), Beyond Wellness (NetCapital), CiSApp (MicroVentures), Calliope Restaurant (MainVest), Morningside Playcare (NextSeed), NettBar Shady Acres (NextSeed).
Notable Economic Events Today: Factory Orders (10:00 a.m. ET).
Social Media Stocks That Aren’t Facebook
Shares of Facebook (Nasdaq: FB) are up 27% this year. But for investors who want exposure to the social media industry without Facebook, there are several other intriguing options.
For the Birds: Twitter (NYSE: TWTR) is down 3.5% in the last 6 months. While it is not a Nasdaq stock, it usually is connected to other big tech names that are. So in terms of diversity away from big tech, it’s not the best option.
Get Snappy: Since the pandemic started, Snapchat (NYSE: SNAP) has been going strong with a 640% increase. It is also up 51% this year. The company has the potential to become a digital advertising giant, but can it keep up with the growth?
Pin It: Going in the opposite direction is Pinterest (NYSE: PINS), which is down 22% this year. Active users have been dwindling recently, which is concerning. Still, it’s an opportunity to buy the dip.
Bee Good: Bumble (Nasdaq: BMBL), which had its IPO this year, is down 32% since then. When will it turn this around?
Final Thoughts: These other social media stocks have their pros and cons.
75% Chance There’s a Bitcoin ETF Approval in October, Analyst Says
We could finally see the U.S. Securities and Exchange Commission approve of a Bitcoin ETF as early as this month, according to Bloomberg analyst Eric Balchunas.
Details: In a tweet on Saturday, Balchunas wrote that Bitcoin Future ETFs filed under a 1940 law have a 75% chance of approval this month.
Numbers: Balchunas believes that there are 2-1 odds that ProShares Bitcoin Strategy ETF gets approved this month. Galaxy Bitcoin Strategy ETF has 50-1 odds, he writes.
Recent Events: On Friday, the SEC delayed its decision on whether or not Bitcoin ETFs would finally get approved.
Final Thoughts: A Bitcoin ETF would give investors exposure to the cryptocurrency without having to actually own the coins.
Trends to Watch
Coming to a Stop: Share trading in embattled China Evergrande halted in Hong Kong (Reuters)
Half Glass Full: Asian Stocks Down, but Cautious Hope for Economic Growth Pickup Remain (Investing.com)
That Was Quick: UK Money App Ziglu Hits Seedrs Target in 81 Minutes (Crowdfund Insider)
Not Good: Mail delays and price hikes are coming to USPS. Here’s why. (Vox)
Getting Crowded: It’s a Multi-Chain World, Bitcoin Just Dominates It (CoinDesk)
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