CapGainz No. 34 🚀
Tech Earnings are here again, $PTON crashes, & Bitcoin is in free-fall
Shoutout to the “Gainers” who shared this past week’s CapGainz. The markets have been rocky so strap in! It’s going to be a bumpier trip to the moon in 2022…
1.) E-Z Money - The BIG Story
Russia may be on the verge of invading Ukraine and the U.S. is weighing options to send thousands of troops to Eastern Europe, but that’s not the top story on the markets. Tech stocks just had their worst week since March 2020, AKA the prime of pandemic panic selling, with the Nasdaq dropping 7.9%. This week will be key in seeing if that trend continues. Microsoft ($MSFT), Tesla ($TSLA), Apple ($AAPL) and many other blue chip stocks are reporting earnings. So far markets are optimistic at the prospect with stock futures rising.
2.) “To the Moon” — Retail Investing
Speaking of pandemic darlings, Peloton ($PTON) is in full-on crisis. The at-home exercise company closed trading on Friday below its IPO price of $29. The stock currently sits at $27/share, miles below it’s all-time high of $166. Now an investor is pushing the company to fire CEO John Foley and explore a sale. Blackwells Capital, which owns 5% of the company, believes that a sale is the only positive outcome for $PTON. Blackwells says the company is now somehow weaker than it was prior to the pandemic and this rollercoaster two-year run. The main criticism is focused on inconsistent pricing and manufacturing strategies.
3.) “The Cypher” — Crypto Investing
Bitcoin ($BTC) is also in free fall. The landmark cryptocurrency dropped to a six-month low, slightly above $35K on Sunday. Bitcoin’s decline comes as investors cycle out of tech stocks and seemingly risky investments. This is correlated with the Federal Reserve’s plan to raise interest rates three or four times this year to rein in inflation. Higher returns on low-risk assets like bonds (Ape Translation - Here’s what a “bond” is.) could lessen interest in cryptocurrencies in general.
4.) “Straight Cash” — Sports Betting
L broke his slide and won last week when the Cardinals and Rams went under the predicted (49.5) total during Wild Card weekend. He missed the entire divisional round due to scheduling but will plan on betting on the Conference Championships next weekend. The early odds on the NFC Championship have the Rams (-3.5) favorites and over/under set at (48.5). L loves the under in this matchup. He doesn’t see how the 49ers can score. The early odds on the AFC Championship have the Chiefs (-6.5) favorites and the over/under set at (51.5). L loves the over in this matchup. Neither defense is great and he expects a ton of points.
5.) “The Alternatives” — NFTs, ESGs, & More!
Sticking with the music NFT theme from the past few weeks, a fresh batch of Nirvana tokens are set to be sold on Feb. 20th. The NFTs were created from never before seen images from a Nirvana concert in 1991. The concert took place six days after the band released their iconic ‘Nevermind’ album in Philadelphia. Photographer Faith West took the photos and never published them until now. The 28 images, which range in price from $99 to $250K, are being sold as NFTs via PopLegendz and mark what would have been Kurt Cobain's 55th birthday.
Meme Roundup
Extra Musk
