Stock Market Midterm Turmoil

Today is Monday, October 3, 2022.

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Stock Market Midterm Turmoil

Daryn Dodson, the founder and managing partner of Illumen Capital, discusses which sectors will hold up if the market suffers midterm-induced turbulence in a new episode of the Early Bird podcast.

Definition: Dodson says that increased polarization before the election could be one of the things that will impact the market.

Current State: It is wise for investors to slow down at this point and avoid investing with emotion with regards to the election, Dodson said.

Favorite Sectors: Dodson’s favorite pre-midterm investment sectors include environmental technologies, healthcare, and education technology.

Final Thoughts: If there’s some midterm turbulence, what is the worst-case scenario for investors? Find out by listening to a new episode of the Early Bird podcast.

Notables

Notable Earnings Today: N/A.

Notable IPOs Today: N/A.

Notable Equity Crowdfunding Campaigns Ending Today: WebJoint (StartEngine), Terminal 76 Brewing Co. (Mainvest).

Notable Economic Events Today: Manufacturing PMI (9:45 a.m. ET), ISM Manufacturing PMI / Employment (10:00 a.m. ET).

Tesla Deliveries Fall Short

Photo by Stephen Mease / Unsplash

Tesla (Nasdaq: TSLA) announced Sunday that the company produced over 365,000 vehicles and delivered over 343,000 vehicles in the third quarter.

What it Means: The number of vehicles produced was better than expected, but the number of vehicle deliveries in the quarter was below estimates.

Challenges: As production volume grows, Tesla made it clear on Sunday that “it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks.”

Solutions: Tesla added that it is transitioning to a more even regional mix of vehicle builds each week.

Stock Price: Shares of Tesla are down 33% in 2022, but are only down 3% in the last 30 days.

Final Thoughts: Tesla reports earnings on October 19.

Equity Crowdfunding Spotlight: Certaintio

Briefly describe your business. Certaintio - we package, protect and display multi-asset NFTs. The package can be secured as a single NFT, sold/traded on any exchange, stored at one location, viewed on any device, and can’t be altered or duplicated.

What are the terms of the investment for your campaign? Terms of the offering can be viewed at StartEngine.

What makes your startup special? Because we believe the future of the NFT market will depend on creators being able to build multi-media collectible files while getting strong protection against theft, alteration, and loss of data.

Trends to Watch

Espec-oily Problematic: OPEC+ to consider oil cut of over than 1 million barrels per day (Reuters)

Deal or No Deal: Sumitomo Offers to Buy All of Myovant in Deal Worth $2.5 Billion (Bloomberg)

Treasury Island: Battered Investors Now Find Thrills in T-Bills (The Wall Street Journal)

Sounds Interesting: Sorry, Ether: Sound Money Doesn’t Exist and Neither Does 'Ultra' Sound Money (CoinDesk)

October Surprise: Next few weeks are ‘critical’ for stock market and Bitcoin, analyst says (Cointelegraph)

Stock Market Midterm Turmoil