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Market Headlines 👀 

• US retail sales come in higher than expected at +0.04% for the month of August.

• US weekly jobless claims came in at 241k; est: 258k.

• Nvidia (NVDA) sees a record high price once again today.

• Uber (UBER) per Financial Times Uber is considering a Expedia acquisition.

• Robinhood (HOOD) launches index and futures options trading along with more features at its Robinhood legend event.

• Amazon (AMZN) says Nvidia’s Blackwell product wont be integrated with AWS until early 2025.

• European Central Bank (ECB) lowers their rate to 3.25% a second straight meeting they have lowered.

• Meta Platforms (META) announces layoffs across its suite of apps.

• Apple (AAPL) celebrates 10 years of Apple Pay and shares new features coming in iOs18.

Earnings 💸

• Netflix (NFLX)

  • EPS: $5.40 beats (exp. $5.12)

  • Revenue: $9.83b beats (exp. 9.77b)

• Blackstone (BX)

  • EPS: $1.01 beats (exp. $0.98)

  • Revenue: $3.66b beats (exp. 2.68b)

• Taiwan Semiconductors (TSM)

  • EPS: $1.94 beats (exp. $1.80)

  • Revenue: $23.5b beats (exp. 23.09b)

• Intuitive Surgical (ISRG)

  • EPS: $1.84 beats (exp. $1.63)

  • Revenue: $2.04b beats (exp. 2.01b)

A note from VinoVest 📣

The Rising Demand for Whiskey: A Smart Investor’s Choice

Why are 250,000 Vinovest customers investing in whiskey?

In a word - consumption.

Global alcohol consumption is on the rise, with projections hitting new peaks by 2028. Whiskey, in particular, is experiencing significant growth, with the number of US craft distilleries quadrupling in the past decade. Younger generations are moving from beer to cocktails, boosting whiskey's popularity.

That’s not all.

Whiskey's tangible nature, market resilience, and Vinovest’s strategic approach make whiskey a smart addition to any diversified portfolio.

Schedule a call with a Vinovest advisor to learn more.

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Netflix earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Investors seem all-in on hoping for more rate cuts from Powell & Co., but history has a habit of playing spoiler. Since 2000, every time the Fed started cutting rates, the market topped out, and a correction quickly followed. The big question is, will things play out the same way this time? (Contributed by Jason Krutzky of Trendspider )

After the Robotaxi event fell flat, Tesla’s bears took charge, pushing the stock back to a major crossroads: the downward-sloping trendline from its all-time high. This line has been a key inflection point for almost three years, and bulls are going to want to see this multi-year resistance turn into support, and fast. However, Musk’s presidential alignment adds an extra twist, and with the election around the corner, Tesla’s future feels like it could hang in the balance until a new leader is chosen. (Contributed by Jason Krutzky of Trendspider )

It’s been a long year for crypto bulls, and while Bitcoin flirts with a breakout, Coinbase is stuck at a key level: the 30-week moving average. For the technical analysts out there, this is the make-or-break point between Weinstein’s Stage 3 distribution and Stage 4 downtrend. While Coinbase has been a go-to investment vehicle for those not keen on holding crypto directly, perhaps this is a hint that times—and tastes—are changing. (Contributed by Jason Krutzky of Trendspider )

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Market Preview 🎞️ 

• Friday, October 18th: Housing starts; Monthly options expiration (OPEX)

Enjoy reading?👇

That’s all for this week, folks! We’ll be back around the same time Tuesday with a curated list of important news, economic data and market highlights. 

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