Apple’s Artificial Intelligence

And, Bitcoin's newest cheerleader. 

July 29, 2024

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Today is Monday, July 29, 2024.

The Early Bird Index today is 71.87.

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PRESENTED BY CLICKPROFIT

How to Own a Slice of The Fastest Growing Industry… E-commerce

“It doesn't matter how hard you row, it matters which boat you get in.” - Warren Buffet

Warren Buffet understands that choosing a market is the most important decision when picking an investment vehicle. The bigger the boat (aka the market), the easier it will be to grow your business.

Details: The e-commerce industry will produce $1.2 trillion in 2024 alone, according to Statista. Five years from now, the annual e-commerce market is expected to grow from $1.2 trillion to $1.88 trillion. 

Bigger Picture: The market is growing faster than ever because big companies such as Amazon and Walmart make it easier to purchase products. Due to these marketplaces wanting as many sellers as possible, the barrier of entry to join the e-commerce space is very low, resulting in intense competition. 

Yes, But: if you don’t have the proper strategy, you will get burned by wholesalers, manufacturers, and warehouses.

Solution: Partner with ClickProfit.io, the leading e-commerce done-for-you agency to build, manage and scale your very own e-commerce portfolio.

Apple’s Artificial Intelligence

Users may have to wait a bit longer to access Apple's (Nasdaq: AAPL) new artificial intelligence features.

Details: According to a report from Bloomberg on Sunday, Apple’s highly-anticipated AI features for the iPhone and iPad will be delayed to October instead of the original plan of a September release.

  • The delay gives Apple additional time to fix bugs, according to the report.

  • Apple did not comment on the report.

Background: Apple’s stock is up 17.41% this year on the hopes the technology giant will finally catch up to competitors through its own AI launch. The perception is that Apple has lagged behind competitors with AI.

Early Bird’s Nest Egg Gains: Apple's upcoming AI launch is incredibly crucial.

  • By integrating AI into iOS, iPadOS, and macOS, Apple aims to make technology more intuitive and helpful for users in their daily tasks and activities.

  • Falling behind in AI could potentially erode Apple's market position and reputation for innovation.

  • A poorly executed launch could negatively impact Apple's financial performance and stock value.

Final Thoughts: Apple reports earnings on Thursday.

Notables

Notable Earnings Today: ON Semiconductor (Nasdaq: ON), McDonald's (NYSE: MCD), Tilray (Nasdaq: TLRY), Sprouts Farmers Market (Nasdaq: SFM), Symbotic (Nadaq: SYM), F5 (Nasdaq: FFIV), Oil States (NYSE: OIS), Hologic (Nasdaq: HOLX), Lattice Semiconductor (Nasdaq: LSCC), Cushman & Wakefield (NYSE: CWK), Beyond (NYSE: BYON), Affiliated Managers (NYSE: AMG), Chesapeake Energy (Nasdaq: CHK), Crane (NYSE: CR), Element Solutions (NYSE: ESI), Revvity (NYSE: RVTY), Rambus (Nasdaq: RMBS) Centuri Holdings (NYSE: CNA), SBA Communications (Nasdaq: SBAC), Welltower (NYSE: WELL), Hope Bancorp (Nasdaq: HOPE), Sanmina (Nasdaq: SANM), Amkor (Nasdaq: AMKR), Bank of Marin (Nasdaq: BMRC), Centuri Holdings: (NYSE: CTRI), Civista Bancshares (Nasdaq: CIVB), CNO Financial (NYSE: CNO), Corcept Therapeutics (Nasdaq: CORT), CVR Energy (NYSE: CVI), Douglas Dynamics (NYSE: PLOW), Equity Residential (NYSE: EQR), Flowserve (NYSE: FLS), Harmonic (Nasdaq: HLIT), Integra (Nasdaq: IART), Kforce (NYSE: KFRC), LTC Properties (NYSE: LTC), NeoGenomics (Nasdaq: NEO), PotlatchDeltic (Nasdaq: PCH), Safehold (NYSE: SAFE), Sensata Technologies (NYSE: ST), Transcat (Nasdaq: TRNS), Varonis Systems (Nasdaq: VRNS), Woodward (Nasdaq: WWD).

Notable IPOs Today: Chenghe Acquisition II Co. (NYSE American: CHEB).

Notable Equity Crowdfunding Campaigns Ending Today: RS BioTherapeutics (StartEngine), Teofilo Coffee Company (Honeycomb), Dandy Technology (StartEngine), 5 Generation Bakers (Honeycomb), Sarcomatrix (StartEngine), Lantern Press (StartEngine).

Notable Economic Events Today: N/A.

Bitcoin's Newest Cheerleader 

The price of Bitcoin is up over 4% this week, particularly after former President Donald Trump pledged his support for cryptocurrency at a Bitcoin conference on Saturday.

Final Thoughts: Trump opposed Bitcoin during his first term as president.

Energy Providers Jointly Acquire Assets

Vital Energy (NYSE: VTLE) and Northern Oil and Gas (NYSE: NOG) jointly acquired assets from Point Energy Partners on Sunday.

Final Thoughts: Northern Oil and Gas is up 9% this year. Vital Energy is down over 3%.

Luxurious: Luxury Brands Are in a Winner-Takes-All Phase (Wall Street Journal)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.