Stock Markets Stay Hot: Rally Rolls On

Nvidia invests in Intel | Meta new AI glasses | Crowdstrike upbeat guidance

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Welcome Back,

Market Headlines 👀 

  • US 30-Year Treasury yields slide to 6.26% — Lowest Since October

  • Jobs Data: weekly jobless claims fell to 231k for the week.

  • Nvidia (NVDA) announces $5b investment into Intel.

  • Anthropic debuts ‘Keep Thinking’—Claude’s first major brand campaign.

  • Meta Platforms (META) introduces next set of its AI glasses at product event.

Earnings 💸

  • FedEx (FDX)

    • EPS: $3.83 beats (exp. $3.61)

    • Revenue: $22.3b beats (exp. $21.65b)

A note from The Pacaso 📣

How 433 Investors Unlocked 400X Return Potential

Institutional investors back startups to unlock outsized returns. Regular investors have to wait. But not anymore. Thanks to regulatory updates, some companies are doing things differently.

Take Revolut. In 2016, 433 regular people invested an average of $2,730. Today? They got a 400X buyout offer from the company, as Revolut’s valuation increased 89,900% in the same timeframe.

Founded by a former Zillow exec, Pacaso’s co-ownership tech reshapes the $1.3T vacation home market. They’ve earned $110M+ in gross profit to date, including 41% YoY growth in 2024 alone. They even reserved the Nasdaq ticker PCSO.

The same institutional investors behind Uber, Venmo, and eBay backed Pacaso. And you can join them. But not for long. Pacaso’s investment opportunity ends September 18.

Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.

S&P 500 Heatmap 🔥 

Movers and Shakers 📷 

📈 Top Gainers

❇️ $INTC ( ▲ 8.87% )(Intel): Surged after Nvidia announced a $5 billion investment in the company, along with a collaboration on new data center and PC chips.
❇️ $NVDA ( ▲ 0.35% ) (Nvidia): Gained alongside news of its major investment in Intel and positive momentum across the semiconductor sector.
❇️ $COIN ( ▼ 4.64% )(Coinbase): Rallied on strong crypto market momentum.
❇️ $CRWD ( ▼ 0.68% ) (CrowdStrike): Rose following an upbeat forecast for annual recurring revenue.

🔻 Top Decliners

🔻 $DRI ( ▲ 0.27% )  (Darden Restaurants): Declined after the company’s quarterly results and profit guidance fell short of expectations, citing rising costs.
🔻 $CBRL ( ▼ 0.02% )  (Cracker Barrel): Fell as changes to store operations and a logo update drew negative feedback, affecting future guidance.
🔻 $NUE ( ▼ 1.2% ) (Nucor): Dropped as the steelmaker provided a less favorable outlook, signaling softness in several business segments.
🔻 $FDS ( ▼ 0.8% )  (FactSet Research): Slipped after reporting lower-than-anticipated earnings, raising concerns about future growth.

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Market Preview 🎞️ 

  • Friday, September 19th: Quad witching options expiration; S&P 500 rebalance

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