“Hey, I’ve got an idea… let’s add ANOTHER camera and increase battery life marginally.”
– Jason, mocking Apple engineers
Hey there carnivores,
For the most part, markets were pretty chill on Tuesday. Oil, however, dropped on the news that John Bolton was out as National Security Advisor.
And today we’re diving deep on Apple’s big announcement.
Jeff & Jason
Apple picking szn
Break out your camping gear, Apple stans. The tech juggernaut just unveiled its latest crop of gadgets on Tuesday, and blue-message-bubble smartphone users are going all “take my money.”
Let me guess, they’re the same as last year?
Not quite. This year, Apple is releasing three new smartphones. The iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max, which clocks in at a whopping $1,099 for a base model. Each of the new phones has the capability of taking wide-angle photos and comes with new chip tech that allows for longer battery life and increased performance… so Mark Zuckerberg can siphon your data even more quickly.
Apple’s announcement also included the Apple Watch Series 5, which features an “always-on” retina display so you can check how much time is left in that pointless meeting with HR much more discreetly. The new watch will run you $399 and does a hell of a lot more than a Rolex. The world will also get a new $329 iPad… for all those people out there who actually use iPads (read: your parents playing Candy Crush).
Is that it?
For hardware, yes. Yes, it is. On the services side, Apple finally announced the launch date and pricing for its streaming service, Apple TV+, and gaming service, Apple Arcade. Both services will set you back $4.99 per month each and be released on November 1st and September 19th, respectively. FYI, that’s cheaper than Netflix and Disney+.
In honor of the new iPhone release, Apple will reopen its flagship store on Fifth Avenue in NYC on September 20th, coincidentally the same day that all the new iPhones are available to the public. The store has been closed since January 2017.
Literally no one:
Apple: Sure, we’ll make a new iPad.”
Every day you’ll have a chance to open the kimono on one of our live strategies.
The target: BYND (Beyond Meat)
The plan of attack: “I believe BYND will head higher from here into the weekend so I sold Puts right at the strike of $147. I’m risking $10,000 to make $10,000 so if this works it’ll be a 100% profit.
Sold -100 BYND Sep 13 $147 Put at $4.18
Bought +100 BYND Sep 13 $145 Put at $3.13
Net credit of $10,500 or $1.05 means max loss is $9,500 if shares close below $145 at Friday’s close.”
⚠️ The market darling of the year of our Lord 2019 has far and away been BYND. FFS, the stock has risen almost 850% since its IPO in May. But there comes a time in every young stocks life when even the most degenerate, speculative traders (read: Robinhood users) head for the exits…
BYND has fallen almost 37% since reaching nearly $235 in July. Unsurprisingly, as faux-meat’s popularity, er, novelty, grows so does competition in the space. And not just from mad scientists raising not-quite-cows in a WeWork. We’re talking a product pipeline from a who’s who of “big food”: Nestle, Tyson, Kellogg and ConAgra. Ever heard of them?
It also doesn’t help that BYND is highly dependent on fast-food restaurants for its exponential growth. As more competition enters the market and burger joints choose their partners, the growth investors crave might all but dry up.
☑️ Just when you thought it couldn’t get any worse… Uber and Lyft appear to be even more f*cked. California is adopting a law forcing companies to recognize “gig workers” as full-time employees. Both ride-sharing companies claimed that the bill would introduce new costs and logistical challenges that would be bad for the companies, and the workers themselves. Something tells me that Uber and Lyft contractors were not briefed prior to that statement. While the bill impacts the ride-share industry, it could also affect janitorial services, trucking, and music workers throughout the state.
☑️ Uber also announced it is laying off another 435 employees after having cut nearly 400 back in July. Approximately 170 product managers and 265 engineering team members will be joining the aforementioned “redundant” marketing folks on the unemployment line. Uber indicated that this is part of a cost-saving initiative.
☑️ McDonald’s DGAF about pressures to increase minimum wage. Why? Mostly because the company is working to outsource “would you like fries with that” to robots ASAP. The home of the Big Mac has already implemented ordering kiosks in many of its stores and is now looking to automate the drive-thru by purchasing artificial intelligence company, Apprente. Terms of the deal weren’t disclosed but reports show that it could be in the neighborhood of McDonald’s $300M acquisition of Dynamic Yield earlier this year. The technology allows menus to change based on the time of day, weather, order history… and how high the customer is, all in the hopes of encouraging the drive-thru diner to spend more.
☑️ WeWork is tanking. After SoftBank asked The We Company to “shelve” the IPO on Monday, Fidelity Investments announced that it has cut its stake in WeWork suggesting a reduction in the company’s valuation to $18.3B. Back in March, William Danoff, who runs Fidelity’s Contrafund trimmed the holdings of WeWork by 553k shares, leaving the fund holding a stake worth roughly $341.6M. I bet Neumann wishes he kept that money for trademarking “We” right about now.
☑️ Target is one-upping UPS in the seasonal worker department as the company announced plans to hire 130k “Santa’s little helpers.” That number is up from 120k last year. Workers will make $13 per hour to start, and that number will rise to $15 as Target has vowed to raise its minimum wage by the end of 2020.
Jason taught himself to trade while working as a full-time gym teacher; his trading profits grew eventually allowed him to free himself of over $250,000 in student loans!
Now a multimillionaire and a highly skilled trader and trading coach, Over 30,000 people credit Jason with teaching them how to trade and find profitable trades. Jason specializes in both swing trades and in selling options using spread trades, which balance the risk of selling options. Jason is Co-Founder of RagingBull.com and the RagingBull.com Foundation which donates trading profits to charity. So far the foundation donated over $600,000 to charity.