The Stock Market Is Going Crazy! ๐Ÿคฏ

- Crypto Continues to Shine ๐Ÿ“ˆ

Check this out:

  • Trend Tracker - Up To Date News and Trends On The Stock Market ๐Ÿ“ˆ

  • Hot or Not? - All Your Real Estate Needs ๐Ÿ 

  • Crypto Chronicles - Basically the Avengers of Crypto! How Cool Is That? ๐Ÿฆธโ€โ™‚๏ธ

  • Money Moves - Who doesnโ€™t wanting to be making money moves? Latest on your Personal Finance.

Newsletter Partner

๐Ÿ“ˆ Trend Tracker

๐ŸŽขย Stocks had a mixed performance on Thursday morning as investors anticipated news on the debt ceiling debate and observed Walmart's quarterly results, which indicated strong consumer resilience. The S&P 500 slightly increased by 0.05%, the Dow Jones Industrial Average declined by 0.22% (77 points), and the Nasdaq Composite rose by 0.45%.

โฌ‡๏ธ Apple has reportedly lowered its sales estimates for its upcoming mixed-reality headsets by about two-thirds, with initial hopes of selling 3 million units per year now reduced to 900,000. The company is expected to unveil the product at a developers' conference on June 5. The headset is anticipated to be Apple's next major product and is expected to cost around $3,000, significantly higher than Meta Platform Inc's Quest Pro headset priced at about $1,000.

โฌ†๏ธ Walmart outperformed expectations in Q1 with strong same-store sales growth, benefiting from a slowing economy and high inflation. Consumers traded down from traditional supermarkets and reduced discretionary purchases at rivals like Target. Walmart's shares rose 2%, and the company raised its full-year earnings per share forecast. CEO Doug McMillon highlighted gaining market share in groceries and increased membership income.

In Partnership With Morning Brew

Stay Informed, Stay Ahead: Sign Up for Morning Brewโ€™s Newsletter and Never Miss a Beat

With Morning Brew, you don't have to choose between being informed and being entertained. Their free daily newsletter delivers relevant news stories with a lighthearted, humorous approach. And with a 5-minute read time, it fits perfectly into even the busiest of schedules.

๐Ÿ  Hot or Not?

๐Ÿ ๐Ÿ’ฅย The pandemic mortgage refinance boom has ended, but its effects continue to impact the housing market. Homeowners are reluctant to sell their homes due to ultra-low mortgage rates, leading to a shortage of available properties. Refinancing activity has slowed, and mortgage rates have risen significantly since the pandemic.

๐Ÿ“ˆย Rent growth slows as rents in major cities reach $1,734 in April, up $4 from last month but down $43 from last year. Increased apartment supply and high vacancy rates contribute, but prices remain high. Research is crucial due to uneven real estate markets nationwide.

Crypto Chronicles ๐Ÿ’ฅ

๐Ÿ“ˆย Dogecoin (DOGE) has increased by 2% in the last 24 hours, reaching $0.074565, mirroring the overall cryptocurrency market trend. Although DOGE is down 20% in the past month, it has gained 6% since the beginning of the year. The rise coincides with a surge in Dogecoin blockchain transactions, potentially indicating future price increases due to increased demand.

๐Ÿ’ฐ Litecoin (LTC) has surged 15% in the past week to reach a one-month high of $95, placing it as the second-best performing digital asset with a market capitalization of over $1 billion. Meanwhile, Lido's governance token LDO leads the list with a 36% increase. The dollar value locked in open futures contracts for Litecoin has reached $478 million, the highest since December, indicating the entry of new funds, although the market sentiment remains uncertain.

๐Ÿค”ย The NFT market is seeing changes in trading volume and sales. NFT trading volume in May is projected to fall below $1 billion for the first time this year, but the number of sales is on track to match or exceed last month. The number of active wallets engaging with NFTs has grown by 27%, attributed to the Miladys NFT collection and profits from the PEPE token. Ethereum remains dominant in trading volume, while other blockchains like Solana and Polygon have more NFT sales. Ethereum is favored for high-value transactions, earning it the reputation of the "NFT aristocracy" platform.

In Partnership With Morning Brew

Wake Up to Morning Brew: Your Daily Shot of Business News Delivered Straight to Your Inbox

Are you tired of scrolling through endless news articles and still feeling like you're missing out on the latest business developments? Look no further than Morning Brew! They know your time is valuable, so they carefully curate the most relevant and important news stories from around the world, and present them in a fun, engaging, and free newsletter. Whether you're a seasoned entrepreneur, a budding investor, or simply someone who wants to stay up-to-date on the business world, Morning Brew has something for you. Join over 4 million people who start their day with Morning Brewโ€™s newsletter and discover why theyโ€™re the ultimate source of business news. Sign up now and never miss a beat.

๐Ÿ’ธ Money Moves ๐Ÿ’ฐ

๐Ÿ’ฐ Despite claims by young investors to invest more in the stock market in 2023, a survey by Bankrate reveals that many of them have actually been investing less. Gen Z and millennial investors expressed intentions to invest more, but their actions have contradicted their statements.

๐Ÿ† In 2023, a Gallup poll revealed that the percentage of Americans considering gold as the top long-term investment doubled to 26%, while the preference for stocks declined to 18%. Financial advisors argue that stocks are a better generator of wealth over extended periods. Gold is traditionally seen as a safe haven during uncertain times, and with the U.S. facing challenges such as higher interest rates, banking instability, recession fears, and a debt-ceiling standoff, its appeal has grown.

You got it! Alright, financial mavericks, it's time to wrap up today's discussion. But fear not, we can keep the conversation going like the true money mavericks we are.

Share Financial Maverick

Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. Tell you what if you ever wanted to be a Hero, Financial Guru, or a Nice Person this is your time!

Did today's newsletter hit the spot? ๐Ÿ˜‰

Login or Subscribe to participate in polls.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.