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| | | | Our art investment bundle is filling up quickly. If you’d like to learn more (and potentially invest), smash the button below. | | Auerbach’s record-breaking piece |
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The World's First Exchange-Listed Portfolio of Pre-IPO Shares |
The problem with secondary markets is that they're all private, right? |
Yeah, not anymore. |
Destiny is the first publicly-traded fund for pre-IPO shares that anyone can invest in. It'll list soon on the NYSE under the ticker DXYZ. |
The Destiny Tech 100 is designed to be a portfolio of the Top 100 high-growth companies Invest in private tech unicorns like OpenAI, SpaceX, and Stripe Anyone can invest through a brokerage account when it lists |
| Destiny is building the world's first exchange-listed product for secondaries. |
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DXYZ plans to list on the New York Stock Exchange in March. |
We strongly believe in Destiny's vision to bring secondaries to the masses, and are proud to be one of their first partners. |
In the meantime, Alts subscribers can sign up to get a free share in the coming weeks. |
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Destiny Tech100 fund holdings are subject to change and are not recommendations to buy or sell any security. Current and future portfolio holdings are subject to risk and current as of publication date. |
SPONSOR |
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📰 Market Headlines |
| *past 24-hour performance |
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Wall Street surged as an unexpected retail sales slump fueled hopes for rate cuts. A Commerce Department report showed a 0.8% drop in January's retail sales, led by auto and gasoline sales. PPI comes out today. The S&P 500 closed at an all-time high, and every other index closed up too. Japan's Nikkei hit a 34-year peak pushed by the same tailwinds. Coinbase reported its first quarterly profit since 2021, with a 64% increase in transaction revenue to $529.3 million; up 15% |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
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😱 Fear and Greed Index |
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🧠 What do you think? |
Nvidia reports earnings next week, and expectations are sky-high after several beats in a row. |
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I think the company is going to smash estimates, but will that be enough to take shares higher? |
🤖 Will Nvidia: |
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🎤 What you said last time |
The 5000 - 5500 range was the most popular bracket. But if we split on “correction or no correction,” it’s almost perfectly tied. | |
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📈 Trends you need to know | Search results are from our friends at Glimpse, my favorite way to spot trends. | |
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Charcoal artists are growing increasingly more popular as modern masters like Frank Auerbach rack up four-star reviews. |
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📊 Stocks |
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Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathaway’s portfolio with just a few clicks. |
Winners and losers |
Earnings, upgrades, and acquisitions |
Dropbox slightly beat earnings expectations but issued disappointing revenue forecasts; shares tumbled over 6%. Tripadvisor provided no 2024 guidance, hinting at a possible acquisition; shares climbed 10%. DraftKings issued strong revenue guidance and acquired Jackpot for $750M but fell 3%. Roku shares nosedived 14% despite a revenue beat and growth in accounts and streaming hours. Shake Shack shares rocketed 26% on strong earnings and an optimistic outlook. Yelp issued weak revenue guidance for the next quarter; shares plummeted over 15%. |
Market movers |
Toast is slashing 550 jobs, 10% of its workforce, amid slowing growth. Nvidia's AI investments, including a $147.3 million stake in Arm Holdings, boosted stock prices for Arm, Recursion Pharmaceuticals, and SoundHound AI. Nike is axing 2% of its staff in a $2 billion cost-cutting move. The national average gas price soared to $3.28 per gallon, marking a 2-month high. |
Ideas, trends, and analysis |
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📊 Crypto | | Coinbase reported its first quarterly profit since 2021, with a 64% increase in transaction revenue to $529.3 million. Bitcoin ETFs are elevating public miners' stocks. This Bitcoin rally has good fundamentals |
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📺 What to Watch Today |
| OpenAI unveils text-to-video tool Sora |
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That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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