- Moby
- Posts
- Skinny | March 15th, 2024
Skinny | March 15th, 2024
Share in the growth of It’s Skinny, the top-selling pasta
on Amazon, when you invest by 3/28.
MOST ANTICIPATED EARNINGS TODAY
MARKETS AT A GLANCE
| Index/Asset | Day | Month | Year |
|---|---|---|---|
| Dow | ▼0.35% | ▲1.39% | ▲22.24% |
| S&P | ▼0.29% | ▲3.50% | ▲32.78% |
| Nasdaq | ▼0.30% | ▲2.20% | ▲41.67% |
| Bitcoin | ▼2.36% | ▲37.70% | ▲185.01% |
| 10-Year | ▲0.89% | ▼0.23% | ▲25.27% |
[ good morning ]
Here’s everything you need to know today
After inflation news crushed the equities market and an options fiasco finally slammed Bitcoin into a correction, investors are looking to pick up the pieces today.
Major indices are flat to kick off the last trading day of the week while Bitcoin bulls are fighting to push the token back up to over $70k. This is the first major test of the post-ETF crypto rally, so we're watching this price action very closely to see how resolute the crypto bulls are specifically.
For now, equities are looking like they'll maintain equilibrium until Jerome Powell drops a more robust interest rate outlook next week. Some investors are choosing to be confident in the face of rising inflation since some of the price increases are cyclical in nature. Can we really make it back to 2% inflation without another rate hike?
For now, let's check out the major headlines driving the long-term price action and try to find any patterns.
 | RETAIL |
BREAKING NEWS
After a solid run in the last 6 months, Ulta Beauty finally ran out of gas after management just couldn’t put up numbers confident enough for the Street. Let’s break down why the stock is falling.
WHAT HAPPENED
Utla absolutely obliterated their Q4 growth expectations by generating $394 million in net income from $8.08 billion in revenue. Ulta just casually boosted revenues by $1.4 billion in a single year. While consumers showed up big for Ulta in 2023—the worry is if they have enough strength to make it through 2024.
Continue Reading
🤌 A tasty investment opportunity.
What happens when you make a great-tasting pasta alternative with just nine calories and zero net carbs? Meet It’s Skinny, the top-selling pasta on Amazon. Now you can share in their growth as they scale in their $131b market. Don’t miss out: Become a shareholder by 3/28.
 | PHARMA |
BREAKING NEWS
Drug developer Madrigal Pharmaceuticals just added $2 billion to their market cap in the space of a few hours after news broke that their new liver treatment just got approved by the FDA. Why is this such a huge deal?
WHAT HAPPENED
Madrigal’s new drug—Rezdiffra—is the first treatment to actually get released to the public that can treat NASH, or fatty liver disease. This is a kind of liver disease that affects folks struggling with obesity where their liver gradually becomes more and more scarred. Rezdiffra helps reduce scarring and dissolve the fat that builds up in the livers of folks with NASH. This is massive because NASH is on the rise and can get bad enough that people need liver transplants. Doctors finally have a critical ‘off-ramp’ that helps folks avoid that fate. It’s even more massive for the pharmaceutical landscape though.
Continue Reading
 | SOFTWARE |
BREAKING NEWS
Investors fled Adobe stock in early trading thanks to the company just not putting up decent enough numbers to justify how much they had to bleed after their deal to acquire Figma got blocked. How bad’s the damage?
WHAT HAPPENED
The pullback here is pretty brutal because Adobe handily beat expectations for their Q4 results. Adobe generated a $4.48 EPS from $5.18 billion in revenue. Revenue jumped 11% YoY—way more than the Street expected. However, while Adobe crushed profitability expectations—their earnings and cash flow are actually on the decline as the company heavily invests in AI infrastructure. The market would be totally fine with that, but there’s a little more to the story.
Continue Reading
What You Missed Yesterday
Trump's EV Critique Sparks Industry Reflection Amidst Transition Hurdles EU Sets Global Precedent with First Comprehensive AI Regulations House Targets TikTok, Setting Stage for Senate Showdown | Intel Loses $2.5 Billion Pentagon Grant Dollar Tree Burns $2 Billion and Closes Stores Where is all the Inflation? |
Extra Moby Snacks
Bitcoin continued to get hammered today after a hedge fund reportedly botched an options spread and lost over $1 billion. This triggered a bunch of liquidations and sparked a severe selloff. BTC’s price action recovered through early trading—but maybe all that institutional money isn’t a good thing.
Chinese EV darling NIO is also rising in early trading on reports that the company is working toward a release of a mass-market vehicle to help compete with the likes of BYD. The stock added near 2% in early trading.
Share in the growth of It’s Skinny, the top-selling pasta
on Amazon, when you invest by 3/28.
Friends of Moby
Please support our partners who help make this daily report possible
Finance Buzz
Expert Reviews: 5 Top Travel Cards of 2024
Check Them Out ➔ Earn Up to 75,000 Miles With These Leading Travel Credit Cards
Disclosure: This is a paid advertisement for Its Skinny REG CF offering.
Please read the offering circular at invest.itsskinny.com.