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Oct 24 Written By Jamie Easton *|MC_PREVIEW_TEXT|* Everything you need to know about the week in the market. Week Ending October 23, 2020 No sleepers here. We are up for a challenge this week, looking to DOUBLE the size of The Uptick community. The math to get there is simple. Share with ...
Are you in the market for an upgrade? Apple (ticker: AAPL) announced its new slate of products at today’s Apple event, highlighting the first ever 5G iPhone. The company showcased four new iPhone 12 models including a mini version. Apple also announced the new smart home speaker, called the HomePod Mini which syncs up to your home app in your iPhone or Apple Watch and uses voice recognition technology. And the best feature according to ? It’s not what the phone has...it’s what it is missing! With no headphones or a charging brick included in the box, the newest iPhone will help save 2 million metric tons of carbon emissions caused by production. Well done, Apple! Shares of AAPL are up 65% so far this year.
Thank you to our wonderful Uptick ambassadors for joining our meeting the other day! We are excited for what's to come and can't wait to share it with you all. Message for more info or if you are interested in joining the Uptick team!
Data analytics software company Palantir (ticker: PLTR) went public today via a less traditional method - rather than an IPO, the company decided to go the route of a direct listing. This means that existing shareholders sold part of their stake, but the company did not raise capital through new shares. Palantir’s market debut comes 17 years after the company’s inception, which began by helping the U.S. government on surveillance and security projects. Shares of Palantir opened at $10. Make sure to check out this Saturday’s The Uptick Newsletter to learn more about the company and see how PLTR traded in its first week as a public company.
Footwear of choice for tech people working in Silicon Valley, Allbirds Inc. just landed $100 million in fresh funding. This new round of funding was led by U.S. money manager Franklin Templeton and values the company at $1.7 billion, only slightly higher than the $1.4 billion valuation reported back in 2018 (Allbirds launched in 2016). The sustainable footwear company, attractive to the socially conscious consumer, plans to use the capital to open more physical stores and focus on product innovation.
Bayside High is back in session thanks to NBC streaming service Peacock who has picked up the Saved By The Bell reboot. Set to premier on November 25th, the reboot is one of Peacock’s most anticipated original series and will star original cast star’s reprising roles as Zack Morris, Kelly Kapowski, AC Slater and more. NBCUniversal Peacock (a subsidiary of Comcast, ticker: CMCSA) launched nationwide in July and offers a free version, as well as (ad-free) premium service for $9.99 per month. The new steaming competitor was originally intended to launch alongside the 2020 Summer Olympics, yet even with pandemic disruption, continued to launch as scheduled. Next on tap for Peacock - all eight Harry Potter movies will be released on the platform over the next six months. Time to binge!
Yesterday we posted about the new Prime bike. However, “Prime” was greatly misleading; Amazon has denied any involvement with exercise equipment maker Echelon Fitness in the creation of the Prime bike. Amazon told Echelon to stop selling the Prime bike and to also change its branding. The product has since been pulled from Amazon’s website. While Peloton (ticker: PTON) investors were a bit nervous to learn of this (now false) competition, today’s news sent PTON shares 1% higher.
Amazon (ticker: AMZN) announced today that they are selling a “knockoff” Peloton bike called Prime Bike for under $500. The Prime Bike is retailing for $1,500 less than the Peloton bike and allows you an at-home cycling workout for one third of the price. Amazon has partnered with fitness startup Echelon to produce a cheaper alternative to the fitness bike. Shares of Peloton (ticker: PTON) fell 4% after Amazon’s announcement but the stock has since recovered. Will you be purchasing the Prime Bike?
Courtney Haydon
Q: What originally got you interested in your field?
A: After college, I got a MS in Engineering and was a Coastal Engineer for 4 years, so I had a lot to learn about a career in finance when I started business school. It was most important for me to find a career that was quantitative, analytical and intense in nature where I would be surrounded by sharp people and performing work that regularly presented new challenges and opportunities. It became clear very quickly that investment banking checked each of those boxes and more.
Q: Any tips/advice for students trying to enter into the financial sector?
A: My biggest piece of advice to people interested in a career in finance is to make sure finance is what you truly want to do. I see a fair number of students focus on investment banking because they are surrounded by classmates recruiting for investment banking. They are attracted to the pay, or they are just buying time until they figure out what they really want to do. This job is tough even when you have a passion for it. While investment banking provides a phenomenal foundation to launch a career, life is too short to waste time on a job you aren’t passionate about. I highly recommend the book “What Color is Your Parachute?” by Richard Nelson Bolles. At multiple transition points in my career, this book has helped me focus on what is most important to me in a career and what I want out of new role or project.
Q: Did you face any challenges as a woman in finance that you would like to share? How have you overcome them?
A: It is almost impossible for a woman to be respected, be liked, and be seen as competent at the same time. Women are undermined and judged as being too hard or too soft and never “just right”. These are the challenges we all face in some form. I remind myself that people’s perceptions are limited by their own capacity. Be true to yourself, have a purpose, give your hundred percent, know your value, speak up, and trust your own voice. You will be heard and respected.
Q: What is your favorite part of your current job?
A: There are two things I love most about my job. First and foremost, I love the relationships I get to build with my clients. It is a great feeling when they call you to help them solve their problems. Second, I love the pressure and hard work that comes with being responsible for your own deals. Throughout my career, I’ve always enjoyed the feeling of closing a deal but there is a special feeling of achievement and pride when it is a transaction that you originated for a client.
Snowflake (ticker: SNOW) IPO’d Wednesday in the largest software IPO ever. A cloud data warehousing firm backed by Salesforce and Berkshire Hathaway, Snowflake shares more than doubled on their first day of trading on the NYSE. Investors had already anticipated a large debut for the company, which has generated over $500mm in annualized revenue and grew over 130% in the first half of 2020. Closing at $253.93 and now valued at $70bn, be sure to follow Snowflake as it continues to build traction in the markets.
Visit theuptick.net to read our Guide to Life on Wall Street Feature! Whether you are a college student or young professional trying to get your bearings in the world of finance or one of our subscribers simply interested in learning more, we appreciate your support and hope this guide is beneficial!
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The Uptick's Guide to Life on Wall Street is now out! Enjoy the guide, share with your friends, and subscribe to receive our weekly newsletter for all things finance!
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Last weeks newsletter is now up on our website! https://theuptick.net/past-newsletters/43mdr0nn8klu0wkdosro7clp4fxuxd
Aug 1 Written By Jamie Easton *|MC_PREVIEW_TEXT|* Everything you need to know about the week in the market. Week Ending July 31, 2020 This summer seems to be flying by. Sadly, those long summer nights are already getting shorter. With every lost minute of sunlight, I start to reflect upon t...
Check out our most recent newsletter to catch up on financial news from last week!
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Jul 25 Written By Jamie Easton *|MC_PREVIEW_TEXT|* Everything you need to know about the week in the market. Week Ending July 24, 2020 Throughout the summer, I have been fortunate enough to present to interns at various investment banks and law firms. It is incredibly rewarding to connect wit...
In case you missed our last newsletter... https://theuptick.net/past-newsletters/7-18
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Jul 18 Written By Jamie Easton *|MC_PREVIEW_TEXT|* Everything you need to know about the week in the market. Week Ending July 17, 2020 Why is it that simple errands sometimes take an inordinate amount of time to complete? One of my priority tasks over the past two weeks was to mail referral ...
New blog post up on Google and Youtube's All Stock Deal! Check out our website to learn more about all stock deals...
https://theuptick.net/blog-posts/google-and-youtubes-all-stock-deal
At the start of 2020, Alphabet (ticker: GOOGL) disclosed revenue numbers for Youtube for the first time. Youtube ads generated $15.15 billion in revenue in 2019, making up 10% of Alphabet’s annual revenue. Youtube generated another $3 billion from its 2 million Youtube TV subscribers and other non
In case you missed it... Check out our newsletter from last week!
https://theuptick.net/past-newsletters/mfncm9imd6kr2z5mu91bllts2eyl81
Jul 11 Written By Jamie Easton *|MC_PREVIEW_TEXT|* Everything you need to know about the week in the market. Week Ending July 10, 2020 I feel as though I am living in 1993. My internet speed is similar to the poor dial-up service I grew up with. My kids ride bikes all over the neighborhood...
Netflix (ticker: NFLX) hits new record high at $500 per share! Quarantine has given us all the extra time to binge watch some of our fav shows. Check out our new blog post for more on Netflix's meteoric rise today!
https://theuptick.net/blog-posts/netflix-stock-at-an-all-time-high
The recent meteoric rise of Netflix's stock (ticker: NFLX) during Covid-19 is a great example of the at-home entertainment trend in the midst of a global pandemic. With millions of Americans still stuck at home, many have turned to binge watching countless hours of shows such as the newly released O
New blog post up now! Visit theuptick.net to read more about Amazon's record breaking day!
In case you missed it, here is our newsletter from last week. Be sure to subscribe on our website!
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*|MC_PREVIEW_TEXT|* Everything you need to know about the week in the market. Week Ending July 2, 2020 Joey Chestnut. To me, his name is synonymous with July 4th. If you know what I am talking about, you too get a twisted sense of joy from watching Major League Eating “sporting” events...
Introducing The Power Post, our new series where we will feature powerful figures in Finance. This week we asked the founder of The Uptick, Jamie Easton to share her tips and tricks to becoming a successful figure in the business world.
Q: So Jamie, Why finance?
A: I always found the stock market exciting! Even as early as elementary school, I was fascinated that you could actually own a piece of a large company. In fourth grade, I chose to do a report and diorama on PepsiCo. That would have been a good investment!
Q: Do you have any advice for students trying to enter into the financial sector?
A: Starting out in finance is challenging because there are so many jobs you never considered as possibilities. When I graduated from college, I thought there were only a handful of roles within an investment bank. Your first job will very rarely be your last - use your opportunities wisely and absorb everything you can!
Q: What are some of the biggest risks you’ve taken in your career?
A: The biggest risks I have taken involve asking for compensation. You don’t get what you don’t ask for - figure out your value and don’t be shy about appropriately asking for fair pay!
Q: What is something you’re looking forward to in the future career wise?
A: I am looking forward to the day that The Uptick is widely read on college campuses everywhere and used as the go-to source for weekly business news.
Privately-held J.Crew is the first major retailer to succumb to a Covid-related bankruptcy. This does not mean that the company, which includes J.Crew and Madewell, is going away - we will break it down for you in the week’s The Uptick Newsletter. In the meantime, when we are eventually free and willing to venture out to shop, you should still be able to find J.Crew everywhere.
Everyone is looking for some guidance these days with so much uncertainty in the world. Well, today, market lovers rejoice as Warren Buffet, “The Oracle of Omaha”, will discuss his thoughts on the markets - hear him live at 4:45 ET for Berkshire Hathaway’s virtual annual meeting. Yahoo Finance will stream it live.
Also today, check your inbox for the newest edition of The Uptick: April Showers Bring Market Powers. If you still need to subscribe visit TheUptick.net!
In this week’s, The Uptick Newsletter, we discussed the Paycheck Protection Program, meant to provide relief to small businesses. Some bigger, established chains received $30 billion of the $349 billion in government aid, including Shake Shack. The burger chain is now refunding $10 million to help restaurants more in need. As some like their burgers, Well done!
In this week’s, The Uptick Newsletter, we discussed the Paycheck Protection Program, meant to provide relief to small businesses. Some bigger, established chains received $30 billion of the $349 billion in government aid, including Shake Shack. The burger chain is now refunding $10 million to help restaurants more in need. As some like their burgers...well done!
has helped Disney+, the newly launched streaming service from Disney (ticker: DIS). Disney boasted 50 million subscribers to its platform, up from 28 million in February. What does it mean for DIS? Subscribe at theuptick.net to find out. The latest edition is coming to your inbox on Saturday morning!
Trying to brighten your day with some positive news on the COVID-19 testing front. Abbott Laboratories (ticker: ABT) announced that beginning next week, it would be able to provide 50,000 test kits per day which could detect virus results in as little as 5 minutes. The stock reacted well, up nearly 7% today.
In vaccine news, Johnson & Johnson (ticker: JNJ) has a promising vaccine that should be ready to test in humans in September. Shares were up 8% on the news. The company also promises to get Tylenol back on the shelves. The fever reducer has been as elusive as Charmin these days!
What a day! Actually make that three days - we are finally seeing green, the color of up/higher/positivity. U.S stocks have surged since Tuesday as investor optimism remains high surrounding a coronavirus stimulus bill (which passed the Senate and is widely expected to pass the House tomorrow).
Fun fact: The Dow was up over 20% since hitting recent lows just this Monday - technically flying out of bear market and into the fastest bull market in history.
It’s hard to find a lot of positive news these days. But today, the US stock market gave us something good. So good, it made history. Stocks rebounded from a more than three-year low on Monday. In fact, the Dow was up over 11%, or 2,000 points - the biggest point gain ever and the largest percentage increase since 1933!
We don’t know how the week will end - it’s only Tuesday. To stay in the know, be sure to subscribe at theuptick.net for this week’s The Uptick newsletter.
French luxury conglomerate LVMH is now manufacturing the hottest accessory of the season: Hand sanitizer. France is suffering from a shortage, so LVMH is stepping up to do its part by manufacturing hand sanitizer in some of it cosmetics and perfume factories. Better yet, the company will deliver the product free to the largest hospital system in Europe. And when the time finally comes for new accessories - other than disinfectant and plastic gloves - don’t forget which brands took charge in a crisis!
Coronavirus headlines did not do anything to help markets today, so now we are in “bear market” territory - defined when indexes close 20% below the record high. The Dow, after closing down about 6% today, fell into a bear market. The S&P and Nasdaq are almost there, both down 19% from recent highs!
Oil prices are sliding all over the place. Yesterday was the worst decline in the price of oil in three decades, down nearly 30%. Today the price of the U.S. benchmark for oil, WTI crude, was up 11%.
Why the major swings? Subscribe to theuptick.net for this weekend’s edition - everything you need to know about the week in the market.
In case you missed it, the three major stock indexes in the U.S. were down over 7% today (= BRUTAL).
There is no better time to get more financially savvy. Make sure you sign up for The Uptick newsletter at theuptick.net for everything you need to know about the week in the market.
Looking for an investment with solid returns (that is also useful and coveted)? Hermès may have the answer. According to a new report, handbags, led by the Hermès Birkin, had a return of 13% while art only returned 5% in 2019.
Hermès only produces about 12,000 Birkin bags per year. Fun fact: The most expensive handbag ever sold was a white Himalaya crocodile diamond Birkin, auctioned in 2017 for $379,261.
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