(Sven Hoppe/Getty Images) |
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There's a new LinkedInfluencer game in town. Posters calling out bad bosses are going viral on the networking site as aspiring thought leaders embrace the growth hack known as "punching up." Stocks finished mixed yesterday as traders await tomorrow's jobs report. US financial markets are closed today for a national day of mourning in honor of former President Jimmy Carter, who died last month at age 100. |
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Quantum bits of anxiety… High-flying quantum-computing stocks nosedived yesterday after Nvidia boss Jensen Huang said the tech is decades away from being useful. He said it's believable that "very useful" quantum computers will arrive in 20 years, a timeline investors seem repulsed by. Shares of Rigetti Computing plunged 45% yesterday, while rivals like D-Wave Quantum, Quantum Computing, and IonQ plunged about 40%. |
- Meanwhile: Huang said his company will play a "very significant part" in quantum computers, adding that "just about every quantum-computing company in the world" is working with Nvidia (they're probably not very happy right now).
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Move over, AI… Quantum computing has gotten a lot of buzz. Quantum stocks were on a tear late last year after Google introduced a quantum chip (Willow) that it said could solve problems in under 5 minutes that today's top computers would take 10 septillion years to work out. Techno-optimists say quantum tech could speed up drug development, advance AI, and improve weather forecasting. Some worry that the supercomputers could one day outsmart encryption (the backbone of tech security) and undermine the $2T bitcoin blockchain. Others like Huang say those things won't happen anytime soon. |
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The faster they rise, the harder they can fall… Rigetti shares rallied ~1,500% in November/December, while D-Wave shares nearly 10x'd. Quantum names are among stocks with the highest volatility in recent days. It appears that investors are starting to worry that the tech's usefulness might be too early to call. |
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Technology and Innovation Drives Growth |
A recent study from the Nasdaq Index Research Team found that among global large cap companies, patent filers recorded the fastest sales growth over the trailing 15 years. Growth for patent filers ranged 60-70%, nearly 2x the average for the entire cohort (35%).1 Investors looking to access innovative, patent filing companies need look no further than the Nasdaq-100® (NDX®).2 The success of NDX can be attributed in part to the value of its constituents' patents, which has grown ~10.5x since May 2007, vs. ~4x across all publicly listed, tracked companies globally. Growth for the S&P 500 overall was ~5.5x, but only ~4x when excluding the contribution of overlapping Nasdaq-100 firms.3 Learn more about the innovative index here: Nasdaq-100 Index.® |
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Technology and Innovation Drives Growth |
A recent study from the Nasdaq Index Research Team found that among global large cap companies, patent filers recorded the fastest sales growth over the trailing 15 years. Growth for patent filers ranged 60-70%, nearly 2x the average for the entire cohort (35%).1 Investors looking to access innovative, patent filing companies need look no further than the Nasdaq-100® (NDX®).2 The success of NDX can be attributed in part to the value of its constituents' patents, which has grown ~10.5x since May 2007, vs. ~4x across all publicly listed, tracked companies globally. Growth for the S&P 500 overall was ~5.5x, but only ~4x when excluding the contribution of overlapping Nasdaq-100 firms.3 Learn more about the innovative index here: Nasdaq-100 Index.® |
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Taking an XL… Delta is saying so long and thanks for all the SkyMiles to longtime ride-hail partner Lyft. The airline said it'll part ways with the company in April after eight years, opting for a partnership with much larger rival Uber. Delta's SkyMiles loyalty program members will be able to link their Uber accounts to earn miles for $$ spent on rides and food delivery (Delta has a similar deal with Starbucks and Hertz). FYI: Uber has 161M monthly active riders compared to Lyft's 24M. The switcheroo isn't the only move that Delta (which reports earnings tomorrow) has made to boost its 120M-member loyalty program: |
- In-flight popcorn: Delta said SkyMiles members will get access to YouTube Premium on board at no extra charge. And they can watch MrBeast in crisp 4K resolution, as Delta's upgrading its seatback screens next year, joining United.
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Loyalty pays… Airlines don't offer discounts and ad-free seatback YouTube out of the goodness of their hearts — the programs bring in big bucks. Airlines' profit margins on credit-card partnerships are about 50% (far higher than margins on tickets), and American and Delta have more than doubled their revenue from selling airline miles to credit-card companies since 2017. Delta brought in a whopping $1.8B last quarter from its co-branded American Express card (AmEx pays Delta for miles to give away as a card perk). |
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Some deals are too good to be true… Airlines' lucrative rewards programs could be in for a bumpy ride. In September, the US gov't began investigating programs at Delta, United, American, and Southwest. Transpo Secretary Pete Buttigieg criticized the companies' ability to change reward values as they see fit (airlines use dynamic pricing to vary point values day to day). Critics say that's made it harder for flyers to win the rewards game. |
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This tech company grew 32,481%... |
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This tech company grew 32,481%... |
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Over 6 out of 10 consumers are taking drastic action by changing what they buy. Read more. |
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- A record # of new-car buyers are shelling out $1K+/month in payments as the average size of loans last quarter cruised past $42K.
- Spotify said its employees aren't children and that it's sticking with its WFH policy, while JPMorgan was said to be prepping a 5-day/week in-office mandate.
- Folks spent $18B this holiday szn with buy now, pay later services like Klarna and Afterpay. That's up nearly 10% on the year.
- Shares of sports-gambling cos like DraftKings had it rough last month as favored teams kept winning, threatening bookmakers' profits.
- The price of bitcoin slid this week, mirroring US stocks, in a challenge to the crypto's "digital gold" narrative.
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- National day of mourning honoring former President Jimmy Carter; financial markets closed
- Initial jobless claims
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Authors of this Snacks own bitcoin and shares of: Delta, Nvidia, Starbucks, and Uber |
Advertiser's disclosures:
1 Source: Nasdaq Global Indexes, Nasdaq AI Team, IFI Claims, Factset as of 8/29/2024. Index data as of 12/31/2013 and 12/31/2023. Companies are ranked on prior full-year total patent filings. 2 It is not possible to invest directly in an index. 3 See slide 26 for further details on the growth in the value of patents for NDX®, S&P 500, and Global ex-US since May 2007. Nasdaq®, Nasdaq-100 Index®, Nasdaq-100®, and NDX® are trademarks of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
4 The Deloitte 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. 5 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. 6 Minimum investment is $999.96. Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile's Regulation A+ Offering. Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. 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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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
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