(Fatih Aktas/Getty Images) |
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You think your stock is going up for stupid reasons? Hold my banana. Primo Brands, which owns Saratoga water, jumped after a video of one man's "morning routine" went viral. In the video, a wellness influencer drinks Saratoga, dunks his face in ice water… and rubs his face with a banana peel. See his whole routine here. US stocks surged Monday as the White House signaled that tariffs planned to go into effect next week may not be as onerous as investors feared. The S&P 500 rose 1.8%, the Nasdaq 100 gained 2.2%, and the Russell 2000 jumped 2.5%. While most S&P 500 stocks advanced, momentum stocks were the big drivers of upside. |
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Monday was a great day in the market overall, but in various pockets of the transportation business, things went especially well. The airline business and some laggards in the automobile industry did particularly well, thanks in no small part to a rising perception of a lighter touch on tariffs. |
- The airline industry took off after severe turbulence all year, with the economic uncertainty and warranted fears about restraint in corporate spending holding the sector back. United Airlines climbed the most, up 7% at the end of the day.
- Tesla, which has taken a beating lately, had its own stock rise just under 12%, finally offering exactly what retail investors had hoped for.
- Tesla pulled that off even despite news that Chinese rival BYD reported that it brought in $107 billion in revenue last year, beating Tesla's $97.7 billion.
- If you're looking for red ink in the transportation industry, you'd probably focus on Lockheed Martin, which took a bit of a haircut after losing out on the main contract for a sixth-generation fighter plane.
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One of the most interesting things about the Tesla rally? It's not really trading like its peers in the Magnificent 7 anymore. It's actually better to compare it to another asset, one that was also ripping yesterday: bitcoin. |
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Apple's Drop in iPhone Sales Opens the Door for New Entrants |
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StubHub, the ticket resale platform, is listing itself. After abandoning its IPO last year, the company now feels the time (and market) is right to put its shares on the New York Stock Exchange under the ticker "STUB." It's reportedly looking to raise over $1 billion at a market value of $16.5 billion. In 2024, Swifties willing to pay mega-bucks on the resale market for The Eras Tour helped drive $1.77 billion in revenues for StubHub, letting the 25-year-old ticket seller say it was ready for it. Still, while the company's sales rose last year, its profits fell as operating costs rose even faster. And while the platform often faces criticism about a lack of support on fake tickets, price gouging, and technical issues (problems that also plague Live Nation and Ticketmaster), the company spent just $59 million on those operations. StubHub's biggest expense? Sales and marketing. To understand just how much more it spends on that than anything else, you have to see this chart. |
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As the postpandemic trend of spending more on experiences shows no signs of slowing, the ability to make money on the sale and resale of those ticketed experiences is growing in kind. But StubHub is still cementing its brand as "the" ticket resale marketplace and thinks the outsized spending now will bring even more outsized returns in its future. |
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The Danish company that developed GLP-1 receptor agonists Ozempic and Wegovy saw a meteoric ascent as the weight-loss drugs exploded, but the stock is now slumping, allowing a German company to overtake it in market cap. Who took the crown? |
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Could this company become the Uber of smartphones? |
"If you don't find a way to make money while you sleep, you will work until you die." 📲 But what if your phone could do it for you? Paying out over $325M, Mode Mobile's EarnPhone could be considered the Uber of smartphones. They recently secured their Nasdaq stock ticker,2 and you can still invest at $0.26/share3 before the price changes.4 |
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Yesterday's Big Daily Movers |
- 23andMe shares tanked after the DNA testing company filed for bankruptcy
- Pinterest popped on a double dose of optimism from Wall Street, with Bank of America calling it a top pick
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- Strategy passed 500,000 bitcoin in its stash, which is more than double what the US government hodls
- A Reddit post in the "nosleep" sub is so popular that it's being turned into a movie starring Sydney Sweeney
- A new Brooklyn high-rise was built by stacking pieces together like a Lego set
- One measure of GameStop options positioning is the most bullishly tilted since last year's meme stock mania
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- Marc Cuban turned down Uber at basement prices before the company's IPO. Just like Uber did with cars, Mode is turning smartphones into an income-generating asset — and now they're planning an IPO.2 Invest4 and get up to 100% bonus shares.5
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- March Consumer Confidence
- February new home sales
- Earnings expected from GameStop
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Advertiser's disclosures:
1 The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period. 2 Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur. 3 The minimum investment is $999.96. 4 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. 5 A minimum investment of $1,000 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+. |
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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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