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⚡️ Musk Tries To Pull A Netflix
Why Elon Musk is trying to emulate Netflix, Apple's potential succession plan and more
Charla Hojnacki
May 13, 2024
Happy Monday Zingernation! Many consider Netflix’s shift to focus on streaming one of the greatest business pivots of all time. Now, Elon Musk is trying to emulate that move. And no, it’s not a pivot toward Dogecoin.
-Aaron Bry and Nic Chahine
Plus, did you know 90% of Americans believe we are experiencing a mental health care crisis? This company is providing relief.
And, have you checked out this ex-startup CEO turned professional day trader's "MoneyLine" trading strategy? Join thousands of other traders using this strategy HERE.
MARKET SNAPSHOT
Last Week: Green on the screen! All major indices moved higher last week as weaker employment data reignited hopes that the Fed might cut interest rates multiple times this year.
On Our Radar: Fed Vice Chair Philip Jefferson and Cleveland Fed President Loretta Mester will speak on a panel at 9:00 AM ET.
Plus: Did you know about Benzinga's Trade Alert service? 20-year pro trader Nic Chahine sends new trades every week. Get access HERE.
TOP STORY
Briefly: The initiative for a bipartisan commission to address the United States' escalating $34.6 trillion debt appears to be stalling in Congress.
The Context: The bipartisan commission, an idea advocated by Speaker of the House Mike Johnson, has encountered resistance from both political parties. According to the Associated Press, the resistance has effectively halted its progress.
The Conflict: Left-leaning Democrats and advocacy groups are concerned that the commission would suggest reductions to Social Security benefits. On the other hand, some Republicans and right-leaning organizations oppose the commission fearing it would propose tax hikes.
Basically: Senator Joe Manchin, D-W.Va., the sponsor of the Senate's debt commission bill, expressed his disappointment, saying, "No one seems to care. It’s a shame, $34.6 trillion in debt. No one cares about it."
PRESENTED BY ELEVATE HEALTH
The mental health crisis in the United States has been exacerbated by the global pandemic, with more Americans seeking mental health care than ever before.
Since the onset of the pandemic, 38% more Americans are participating in mental health care treatment of some kind, whether that be inpatient or outpatient services.
Meanwhile, a recent poll done by CNN and the Kaiser Family Foundation showed that an overwhelming majority of Americans, roughly 90%, believe we are currently experiencing a mental health care crisis.
Elevate Health and Wellness, a clinic in Westport, CT, is revolutionizing the industry by providing comprehensive and compassionate treatment services for adolescents and adults
Click here to learn more about how Elevate stands apart from traditional inpatient services!
FIVE ZINGERS
Next In Line: Tech expert Mark Gurman outlined Apple’s potential succession plans once current CEO Tim Cook retires.
Too Hot To Ignore: Robinhood CEO Vlad Tenev spoke about the brokerage’s retirement offerings, saying they’re “irresistible.”
Forget Flowers: Here’s how much your mom would have pocketed if you bought her crypto for Mother’s Day in 2023.
That’s Not What I Ordered: The DEA Chief warned Congress that illegal drugs are as easy to get as “pizza from Uber Eats.”
Pretty Penny: If you’re a billionaire like Jeff Bezos you can afford to splurge on a thing or two. Even a piece of art worth more than $50 million.
ONE FOR THE ROAD
In Short: The recent earnings season has made it abundantly clear that the AI revolution is not just knocking on the door, but it has forcefully entered the tech world.
The Proof: The impressive results from tech giants such as Microsoft and Amazon underscored this transition, according to Daniel Ives, an equity analyst at Wedbush.
Full Speed Ahead: The expert said companies were “laser-focused on deploying generative AI” across various sectors. Major players such as Meta and Apple were also diving deep into AI, heralding a consumer AI cycle that promised significant spending in the coming years.
The Future: Ives projected AI and related purchases will account for 8%-10% of IT budgets in 2024, a stark increase from less than 1% in 2023. This surge represented a “massive growth catalyst” in what he referred to as the “initial wave of AI software growth.”
INTRODUCING MONEYLINE
No, these aren't covered calls or complicated trades… Just wait for a stock to hit the “MoneyLine” on the chart. No fancy indicator or software is needed, just a free chart. It’s simple. Buy when it hits the MoneyLine… sell when it touches the next. That’s all. Nic Chahine has used this method for the last 20 years to trade full-time and win more than almost all other options traders. See how he does it and get his trade alerts. Here's how.