#72 - MR. BEAST Burgers, Cannabis In America and Cultivating a Middle Class in Content Creation.
|Dec 23, 2020||6|
Happy Christmas Eve Eve, everyone. In this week's episode of Reformed Millennials, we're talking about Ghost Kitchens, Tech stocks, and how platforms need to help foster a middle class of creators. If you’re interested in restaurants, stocks, or how to best build out your business in social media you’ll enjoy Broc and Joel’s conversation this week.
If you aren’t in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends Millennials should be paying attention to.
👉 For specific investment questions or advice contact Joel @ Gold Investment Management.
Good morning Y'all. The markets are INSANE!
"Bull markets are born on pessimism..."
"Bull markets die on euphoria...." John Templeton
The Russell 2000 and Nasdaq finished green while the Dow and S&P 500 both fell.
Technology and real estate were the strongest performing sectors, and $XLK closed at a new all-time high.
Tesla has fallen ~ 8% from its high close last Friday after it was finally included in the S&P500.
Google and Facebook broke down 0.83% and 2.09% respectively after news broke that the social media behemoths allegedly struck a deal not to compete in 2018. See more on this below. (link below)
Gamestop galloped 25%, $PTON popped 11.65%, and $FUBO flew $25%. These stocks all closed at 52-week highs. 💪
Here are the closing prints:
S&P 500 3,687 -0.21%
Nasdaq 12,807 +0.51%
Russell 2000 1,989 +0.99%
Dow Jones 30,015 -0.67%
🐣Mr. Beast Rolls Out 300 Locations🐥
A new frontier for the influencer/creator economy. Virtual restaurants using existing infrastructure can enable asset-light nationwide coverage overnight.
In case anyone was confused about what the combination of delivery apps, ghost kitchens, and influencers might be able to do:
This is the future. Social influence JV-ing get with existing supply-chain infrastructure.
Anyone with basic a restaurant background thinking through the realities of attempting to launch 300 locations simultaneously would have to be high to think is going to go smoothly, but if Mr. Beast and his team are able to leverage the existing underutilized kitchens across North America, they might have a shot of starting something incredibly cool.
🎁US Stimulus is Here💰
It’s the most wonderful time of the year— the second stimulus is finally here! ☃️
Monday night, US Congress drafted another stimulus deal that provides a second round of checks to US households. The bill gives Americans an additional $600 per adult, $600 per child, and adds $300 to weekly unemployment.
It will also give $300B in small business relief and administer $50B to support vaccine implementation.
The House’s decision on the bill will be finalized later today. The stimulus document is 5,593 pages long, so it’s taking a while to upload...lol. Senate Majority Whip John Thune said:
It’s a bad time to have a computer glitch.
🚀Bitcoin to the Moon?🌍
Notable catalysts for the cannabis space going into 2021:
East Coast adoption with New York, Pennsylvania, Connecticut, and Rhode Island leading the adult-use charge. Maryland, Virginia, and South Carolina are also posturing, with Arkansas, Florida, Missouri, New Mexico, North Dakota, Ohio, and Oklahoma on deck. Idaho and Nebraska are weighing medical-use legislation, demonstrating the nationwide bipartisan appeal.
The MORE Act passed the U.S. House of Representatives. Historic and symbolic—and DOA in this session of the senate—it kept cannabis in the news cycle through early December and sent a message to the incoming administration that cannabis reform at the federal level is a priority.
UN reclassification. In reviewing a series of World Health Organization recommendations on cannabis and its derivatives, the Commission on Narcotic Drugs (CND) removed cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs—where it was listed alongside addictive opioids, including heroin, and recognized as having little to no therapeutic purposes.
The incoming cabinet. Xavier Becerra has been named as the next federal Secretary of Health and Human Services (HHS) as we await the identity of the incoming Attorney General. Both will play a central role in reframing cannabis policies at the federal level and protecting states’ rights, including the issuance of an updated Cole Memo early in the new year.
The two-seat Georgia Senate run-off, which should continue to lend a bid to U.S. cannabis through year-end. A blue sweep would complete an improbable blue wave, which is widely perceived to be the best-case outcome for U.S cannabis.
🌊 Hottest Links We Read Last Week 🌊
Save Money, L̶i̶v̶e̶ ̶Be̶t̶t̶e̶r̶, Buy Drugs - Who knew the best drug dealer was actually Walmart, all along? Earlier today, the Trump administration sued Walmart for its role in fueling the opioid epidemic. The lawsuit accuses Walmart of inadequately checking suspicious prescriptions by purposefully understaffing its pharmacies. The superstore also put pressure on employees to fill prescriptions quickly.
Turns out, Facebook and Google made a pact in 2018 not to compete with each other’s online advertising. The tech giants also agreed to team up together in the event of a future antitrust suit.
The SPAC Fantasy Stock Market. Each day I get calls from friends now that begin with: ‘Hi Howard…are you following the $________ SPAC’.
Amazon in 2014 was a puzzle. It was big. It was growing. It had market share and mindshare. Competitors feared it as much as customers loved it.
Canadas Carbon Pricing Program - Hurts the household but shouldn't affect Industry as much as we first thought.
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