Today is Tuesday, May 31, 2022.
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Passive Franchise Investing
Average investors can soon generate passive income from franchise investing, FranShares Founder and CEO Kenny Rose said in a new episode of the Early Bird podcast.
Advantages: Investing in franchises can help investors diversify their portfolios and it can be used as an inflation hedge, according to Rose.
Disadvantages: There are also some risks to this type of investing, Rose said, which is why it is important to vet opportunities and do research.
Going Alternative: Rose also said that investing in franchises, as well as other alternatives, is becoming more important, especially given the stock market this year.
Final Thoughts: What advice does Rose offer retail investors who are interested in generating passive income from franchise investing? Find out by listening to a new episode of the Early Bird podcast.
Notable Earnings Today: Salesforce (NYSE: CRM), Nordic American Tankers (NYSE: NAT), Burning Rock Biotech (Nasdaq: BNR), Digital Turbine (Nasdaq: APPS), ChargePoint Holdings (NYSE: CHPT), Gambling.com Group (Nasdaq: GAMB), HP (NYSE: HPQ), Seanergy Maritime Holdings (Nasdaq: SHIP), Ambarella (Nasdaq: AMBA), Victoria's Secret & Co. (NYSE: VSCO), BARK (NYSE: BARK), UCLOUDLINK GROUP (Nasdaq: UCL), Sportsman's Warehouse Holdings (Nasdaq: SPWH), JOYY (Nasdaq: YY), Anaplan (NYSE: PLAN), Kirkland's (Nasdaq: KIRK).
Notable IPOs Today: BYND Cannasoft Enterprises Inc. Common Stock (Nasdaq: BCAN), Denali Capital Acquisition Corp. Class A Ordinary Shares (Nasdaq: DECA), Metal Sky Star Acquisition Corporation Ordinary shares (Nasdaq: MSSA), A SPAC II Acquisition Corp. Ordinary Shares (Nasdaq: ASCB), SaverOne 2014 Ltd. American Depositary Shares (Nasdaq: SVRE), Metal Sky Star Acquisition Corporation Right (Nasdaq: MSSAR).
Notable Equity Crowdfunding Campaigns Ending Today: AUDEA (StartEngine), KarbonPay (Wefunder), Zoe Immersive (StartEngine), Spirit of Speedway (Silicon Prairie), Hemp Real Estate Investment (Fundanna), Outta Sight Pizza (SMBX), Supreme Foods Franchising (TruCrowd), Boxxwave (WunderFund).
Notable Economic Events Today: S&P Case-Shiller U.S. National Home Price (9:00 a.m. ET), Chicago PMI (9:45 a.m. ET), CB Consumer Confidence (10:00 a.m. ET).
Foxconn Eyes Better Supply Chain Soon
Details: Chairman Liu Young-way said during the company’s annual shareholder meeting that Foxconn is “confident in the stability” of its supply chain for the second half of the year.
Cars: Liu also told shareholders that Foxconn wants to be the first electric vehicle maker that is “not short on material supplies.”
Background: Pandemic lockdowns in China have decimated electronics supply chains. Some of it seems to be easing now, which is good news for any electronics maker that does business in the country.
Numbers: Shares of Foxconn are down 16% in the past six months and down over 8% in the past 30 days.
Final Thoughts: While Foxconn is a leading electronics maker, pandemic lockdowns could still weigh the company down.
Why Crypto Plunged in 2022
It’s been a bad year so far for most cryptocurrencies. What are some of the reasons behind this awful drop?
Macro Factors: The ongoing war in Europe has been a drag on crypto, as well as inflation.
Tied Together: More importantly, crypto is increasingly being seen as a risky investment option similar to certain growth technology stocks. And in case you haven’t noticed, it’s been a bad year for growth stocks in tech.
Final Thoughts: Hopefully the market shakes off the crypto winter and has a solid crypto summer.
Trends to Watch
No Fly Zone: Nearly 7,000 flights canceled over Memorial Day weekend (CBS News)
A Good Start: Bitcoin Begins a New Week by Hitting Above $31K (CoinDesk)
Another Big Run: LUNA 2.0 jumps 75% in 24hrs ahead of Binance listing (CryptoSlate)
Impressive First Day: Personal Finance App Hardbacon Launches Equity Crowdfunding Campaign, Secures Over $400K (Crowdfund Insider)
Bright Future: Why the Best Days for Retail Investors May be Yet to Come (MarketBeat)
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