đ ď¸ Laborâs last-minute push
Hey Snackers,
Insurance companies shelled out $140K after a bear was caught on camera wrecking luxury cars, only to discover that the culprit was a guy in a costume (later charged with fraud). Guess folks will do anything fur a quick buck.
The postelection rally cooled last week, with stocks slipping after the Fed signaled it was in no rush to lower rates. Bitcoinâs ended the week over $91K.
đ§ Quizzy Philipps: Test your business know-how with this weekâs Snacks Seven quiz. Try the first q:
Volkswagen upped its investment in _____ to $5.8B. (Check your answer.)
đ¤ With crypto booming, we had Nat Eliason, the author of the thriller âCrypto Confidential,â join us on the âSnacks Mixâ podcast to discuss whatâs next for the markets. Read the transcript or listen on Spotify or Apple Podcasts.
US labor watchdogs rush to enshrine worker protections as Bidenâs term winds down
In before EOD⌠Labor officials are working overtime to push through workplace protections before time runs out on the Biden admin, which some say has been the most pro-worker administration since FDR. Last week, the National Labor Relations Board, a govât agency that enforces worker rights, ruled that companies canât make employees attend meetings about the downsides of unionization. The âcaptive audienceâ meetings have been legal for nearly 80 years. FYI: Amazon is said to have held hundreds of them ahead of a 2022 unionization vote. The move is one of several on President Bidenâs outgoing pro-labor docket.
Under the wire: The NLRB reversed a 40-year precedent this month, ruling that employers canât say unionizing hurts worker-management relationships. Union-friendly rulings on gig workers and Amazon employees are also expected.
Term squirm: Dems are rushing to reconfirm the boardâs chair to cement a liberal majority through 2026. But some experts think President-elect Trump will buck precedent and fire all Democratic NLRB members.
Whatâs next?... Trumpâs POV on labor has been all over the place. On the campaign trail he vowed to exclude worker tips from federal taxes and to support legislation ending taxes on overtime pay. But he recently praised Elon Musk, suggesting the worldâs richest person fired striking workers. Plus, his first term was largely seen as pro-employer. Labor experts expect Trump to narrow eligibility for overtime pay, delay workplace heat-safety rules, and reverse a ban on non-disparagement clauses in severance agreements.
Labor doesnât need a leader⌠Labor racked up major wins under Biden, with filings for union elections doubling since 2021. But workers have organized for better pay and conditions regardless of whoâs in office. UAW boss Shawn Fain has repeatedly called for unions to align their next contract negotiations for a potential nationwide collective strike. Fainâs requested date, May 2028, would fall within the next presidential-election year.
Todayâs fastest-growing software company might surprise you đ¤ł
đ¨Heads up! It's not the publicly traded tech giant you might expect⌠Meet $MODE, the disruptor turning phones into potential income generators. Investors are buzzing about the company's pre-IPO offering.1
đ˛Mode saw 32,481% revenue growth from 2019 to 2022, ranking them the #1 overall software company on Deloitteâs most recent fastest-growing companies list2 by aiming to pioneer "Privatized Universal Basic Income" powered by technology â not government. Their flagship product, EarnPhone, has already helped consumers earn & save $325M+.
𫴠Modeâs Pre-IPO offering1 is live at $0.25/share â 20,000+ shareholders already participated in its previous sold-out offering. Thereâs still time to get in on Modeâs pre-IPO raise and even lock in 100% bonus shares3âŚ. Invest in Mode before their share price changes on 11/22 (and lock in up to 2X bonus stock).4
Coming up this week
Cautiously chipper⌠Nvidia is set to report on Wednesday as it rides the AI wave. The stock more than 3xâd this year with the AI-chip leader continuing to unload triple-digit growth. In August, it reported that its quarterly sales and profit more than doubled from a year earlier. But the stock fell after the feverish growth wasnât as strong as the previous quarters (tough comparison). Nvidiaâs set a high bar, and investors have lofty expectations, which might be hard to keep beating as competition from rivals like AMD heats up.
#Wickiator or #Glicked?⌠Either works for theater owners hoping that audiences give Fridayâs dual debut of the heavily marketed âWickedâ and âGladiator 2â a thumbs-up (then come back for âMoana 2â). AMCâs CEO expects November to raise the curtain on a certified fresh start for Hollywood. Despite last yearâs #Barbenheimer boost, the box office has yet to return to its prepandemic sales following shutdowns, production delays, and flops. Cinemark, the USâs No. 3 chain, has seen glimmers of a comeback; it reported record Q3 sales, popped up by pricier tickets and concession-stand treats.
Stories weâre watching
Dogeâs bark⌠comes with a postelection bite. While bitcoin grabbed headlines and set records after Trumpâs win, itâs been dogecoin â the Shiba Inu-themed token â thatâs seen outsized gains and trading volume. The OG meme coin is up nearly 120% since the election (vs. BTCâs 30%), with alts like dogwifhat and pepe riding its furry coattails. Last week, the combined market cap of top meme coins popped 127%, to $126B. The surge came as Trump announced an advisory committee (dubbed âDOGEâ), and crypto-industry execs spoke of a friendlier regulatory era.
Mass X-odus⌠Bluesky, a social-media app founded by former Twitter boss Jack Dorsey, gained 2.5M+ new sign-ups after Trumpâs reelection. At the same time, Elon Muskâs X saw the largest user exodus since 2022. Bluesky now has 16M+ users after opening to the public in February, and last week it was among the most-downloaded apps. Meantime, Meta said its Twitter-esque Threads app had 15M sign-ups this month. X still has millions more users than Bluesky, but brands like Best Buy and Target have left Muskâs platform.
Where do you want to go next?
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What else weâre Snackinâ
As the worldâs population grows, the market for desalination (making saltwater drinkable) is expected to more than 2x by 2032.
The crypto industryâs prepping for a pro-crypto regulatory era under Trump that could see the approval of new investment products like altcoin ETFs.
Pharma stocks (Pfizer, Eli Lilly) slid after Trump said heâd appoint Robert F. Kennedy Jr., a vaccine skeptic, to lead the USâs top health agency.
Appleâs recent $3T valuation has spurred a series of impressive raises among smartphone innovators â and $MODEâs pre-IPO offeringš is no exception. Itâs now live at $0.25/share â lock in up to 100% bonus sharesÂł while the raise lasts.â´
Snack Fact of the Day
Just 3% of the worldâs water supply is fresh
This Week
Monday: Home builder confidence index. Earnings expected from Trip.com
Tuesday: 1,000th day of the Russian invasion of Ukraine. US housing starts. Earnings expected from Walmart, XPeng, Loweâs, Medtronic, La-Z-Boy, and Dolby Labs
Wednesday: Earnings expected from Nio, Target, TJX, Nvidia, Palo Alto Networks, and Jack in the BoxÂ
Thursday: Weekly jobless claims. Existing-home sales. Earnings expected from Baidu, Deere & Co., BJâs Wholesale Club, Warner Music, Ross Stores, Gap, Intuit, and NetApp
Friday: Consumer sentiment. US services and manufacturing PMI
Authors of this Snacks own bitcoin and dogecoin and shares of: Amazon, AMD, Apple, Eli Lilly, Nvidia, and Walmart
Advertiser's disclosures:
š Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
² The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
Âł A minimum investment of $1,950 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+.
â´ Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobileâs Regulation A+ Offering.
Past performance is no guarantee of future results. Start-up investments are speculative and involve a high degree of risk. Those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investment tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Further, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns.
DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck.
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