Security Token Investing Guide
Plus, WWE might have a new owner.
Today is Monday, April 3, 2023.
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Security Token Investing Guide
The tokenization of real-world assets is going to become a big thing for investors, says Mark Fidelman, the managing director of SmartBlocks, in a new episode of the Early Bird podcast.
Definition: Fidelman defines a security token as a digital asset that is similar to stocks, but unlike other digital coins, it is backed by something in value.
Pros and Cons: Security tokens represent valuable opportunities that are typically not available to regular investors (such as equity, debt, or real estate), but Fidelman warns that security tokens have low liquidity and that there could be new regulations coming soon.
Also: The security token itself is tradable and there could be benefits programmed into the security token for the owner of that asset, according to Fidelman.
Final Thoughts: How can new investors get access to security tokens? Fidelman explains in a new episode of the Early Bird podcast.
Notable Earnings Today: Science Applications International (NYSE: SAIC), Greenlane Holdings (Nasdaq: GNLN), Stryve Foods (Nasdaq: SNAX).
Notable IPOs Today: Pono Capital Three, Inc. Class A Ordinary Shares (Nasdaq: PTHR), Altamira Therapeutics Ltd. Warrant (Nasdaq: CYTOW), SHL Telemedicine Ltd American Depositary Shares (Nasdaq: SHLT).
Notable Equity Crowdfunding Campaigns Ending Today: Mama Bevs Bakery (Mainvest), Aladdin (MicroVentures), Read It & Eat Box (Honeycomb), Epilog (StartEngine), Montiel Farms (Honeycomb), Addiction Cure Therapeutic Sciences (Netcapital), MeatSoHorny (StartEngine), Baby’s Cusina and Market (Mainvest), dexFreight (Republic), blueflite (StartEngine), GZI (Netcapital).
Notable Economic Events Today: Manufacturing PMI (9:45 a.m. ET), ISM Manufacturing PMI (10:00 a.m. ET).
WWE is About to Have a New Owner
World Wrestling Entertainment (NYSE: WWE) was reportedly in advanced talks this weekend to be sold to a new owner.
Powering the Story: According to a report from CNBC on Sunday, UFC parent company Endeavor Group (NYSE: EDR) is negotiating to buy the WWE and a deal could be announced today. As of early Monday, both companies have not commented on the rumored deal.
Details: The media report stated that the acquisition will result in a new publicly traded company where Endeavor would own 51% and WWE shareholders will get 49%. Endeavor CEO Ari Emanuel will be the CEO of the new organization.
Background: WWE has made it known for months that it was looking for a new owner. Executive Chairman Vince McMahon left the company in July 2022 following an internal investigation. He then returned in January to explore a sale of the company.
Stock Price: WWE’s stock is up 45% in the last 12 months. Endeavor Group is down 19% during that time.
Final Thoughts: For WWE shareholders, this report of a potential sale is good news.
Tesla Posts Record Q1 Deliveries
Tesla (Nasdaq: TSLA) reported on Sunday that it delivered over 422,000 vehicles in the past quarter, which is a first-quarter record for the electric vehicle company.
Final Thoughts: The news is good for investors, who have been concerned about lower EV demand. Tesla is up 91% so far in 2023.
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Trends to Watch
McLayoffs: McDonald’s Temporarily Shuts U.S. Offices as Chain Prepares for Layoff Notices (The Wall Street Journal)
Waiting: Bitcoin Holds Above $28K as Investors Await Fresh Productivity, Jobs Data (CoinDesk)
Lowering Supply: Oil prices surge after surprise move to cut output (BBC)
Hopeful: 3 reasons why Ethereum price can reach $3K in Q2 (Cointelegraph)
Slippage: Bitcoin Liquidity is Drying Up as Crypto ‘Tourists’ Recoil From Industry Disorder (Bloomberg)
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