😝 Move Over, Beanie Babies, It’s NFT Time

Good morning. Online auction site eBay (EBAY) became huge in the 1990s thanks to the demand for..

It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.

Good morning. Online auction site eBay (EBAY) became huge in the 1990s thanks to the demand for Beanie Babies. As the central site for that fad, the company was able to expand and survive the internet bubble. Now, the company is looking to enable cryptocurrency payments, to better serve its customers. It's also looking to break into the NFT, or non-fungible token market. NFTs are digital assets like a picture or song. While they can be copied, blockchain data provides the owner of the NFT with the assurance that they are, in fact, the original owner. NFTs have been big business so far this year, and show one of many applications for cryptocurrencies and blockchain technology. Now here's the rest of the news: Sponsored Content Is This the End of the Bitcoin Boom? Bitcoin could crash soon, and even if you don't have a single penny in cryptocurrency YOU are going to feel the impact. The government is so afraid of cryptocurrency, that some worry Biden will ban Bitcoin using a shocking "backdoor" approach laid out in the document I want to show you. Investors who understand what's behind all this stand to multiply their money as much as 60-fold. Get the details in this urgent briefing. MARKETS DOW 34,113.30 +0.70% S&P 4,191.64 +0.27% NASDAQ 13,962.68 -0.85% *As of market close • Stocks traded mixed on Monday, with a selloff in tech. • Oil rose 1.3 percent, to $64.42 per barrel. • Gold also rose 1.3 percent, closing at $1,791 per ounce. • Cryptocurrencies surged higher, with Bitcoin at $57,326. Today's TOP TIPS Strong Growth Trends Bode Well for this New Digital Sector The past few years has seen the rise of entirely new businesses online. Areas such as e-Sports are overtaking physical sports in terms of value and customer interest. That's also true with sports gambling, which, thanks to some legal changes, is now widely available online. The big player in that space is DraftKings (DKNG). The company went public last year via a SPAC and was an early winner in that way of going public. » FULL STORY Insider Trading Report: Beacon Roofing Supply (BECN) CD&R Investment Associates, a major holder in Beacon Roofing Supply (BECN) recently added 563,611 shares to their holdings. The buy increased the fund's stake by over 4 percent, and came to a purchase price of just over $30 million. Insiders at the company have largely been sellers in the past few months. Shares have nearly tripled since the pandemic low, thanks to rising home prices. This marks the first insider buy since last May. » FULL STORY Unusual Options Activity: Las Vegas Sands (LVS) Shares of casino giant Las Vegas Sands (LVS) have largely traded in a range from the high $50s to the mid $60s in the past few months. One trader sees shares moving to the higher end of their range (or better) in the coming month. That's based on the June 4th $63 calls. Over 29,360 contracts traded against a prior open interest of 318, for a 92-fold jump in volume. The option expires in just over 1 month. » FULL STORY IN OTHER NEWS • Hydrogen-Powered Vehicles: 3 Stocks to Power Your Portfolio In this Profit Trends special report, you'll discover... How three major companies are using hydrogen fuel cell technology to revolutionize the electric car industry... and how you could position yourself to profit before this technology goes mainstream. What makes hydrogen-powered vehicles a no-brainer over standard battery-powered vehicles in the field of alternative energy... and why minimum environmental impact means maximum opportunity for market growth. And why one up-and-coming company launched a $6.7 billion plan to go all-in on hydrogen-powered vehicles, and how its long-term commitment could produce big returns for early investors. And so much more! Get Your FREE Report (By clicking this link, you will automatically be opted in to receive emails from Profit Trends. You can unsubscribe at any time. - Privacy Policy.) • Auto Industry Begins Stockpiling Supplies After half a century of "just in time" manufacturing, automakers have shifted towards stockpiling key supplies for some parts. The reason? Shortages in everything from semiconductors to batteries. Stockpiling can help reduce the impact of sudden swings in supply and demand, although it can run the risk of leaving a company with obsolescent parts. • Warren Buffett Names Successor Greg Abel has been named the successor for Berkshire Hathaway (BRK-A). Current CEO Warren Buffett has turned 90, but has not mentioned any plans to step down. Abel is currently CEO of Berkshire Hathaway Energy, and is the vice-chairman of the company's non-insurance operations. • Gabelli Sees Value in SPACs Value investor Mario Gabelli is looking to avoid having high cash balance. To that end, he's looking towards SPACs. Also known as special purpose acquisition companies, SPACs have been out of favor with the market in recent months. Gabelli sees a "silver lining" to these companies as they strike deals, and that the alternative, keeping money in cash, isn't an attractive one. • Apollo Acquires Verizon Media for $5 Billion Private equity giant Apollo has made a bid to buy Verizon Media assets for $5 billion. It will rename the business Yahoo, and will continue to be run under its current leadership. Verizon (VZ) will keep a 10 percent stake in the remaining company. Verizon originally paid over $9 billion for the assets of AOL and Yahoo between 2015 and 2017, which became Verizon Media. • Ethereum Hits Record High Ethereum prices topped $3,000 over the weekend, hitting a market cap of $367 billion. The cryptocurrency has now risen 325 percent year to date, far outpacing the returns on Bitcoin. Ethereum has been the cryptocurrency of choice for assets such as non-fungible tokens, or NFTs. S&P 500 MOVERS TOP M 8.022% BKR 8.018% MHK 7.543% GPS 7.16% NOV 6.355% BOTTOM EL 7.925% DISCA 4.089% ETSY 4.065% ABMD 3.77% AMD 3.761% Quote of the Day If you're repurchasing stock just to bull it higher, it's deeply immoral. But if you're repurchasing stock because it's a fair thing to do in the interest of existing shareholders, it's a highly moral act, and the people that are criticizing it are bonkers. - Charlie Munger, Vice Chairman of Berkshire Hathaway, on the company's growing use of stock buybacks and why select buybacks are better than the more common blanket buyback programs in place today. Sponsored Content Could Bitcoin Take Down Tesla? Tesla's recent $1.5 billion Bitcoin purchase could get Elon Musk into real trouble soon, and he isn't the only one. Democrats are about to unleash a radical "Anti-Crypto Offensive" and companies holding Bitcoin could be charged with huge fines. The way this is all going to unfold will shock you and blindside most investors – but you can take steps now to prepare and profit. Click HERE to get the full story before it's too late. Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 | 7 High Yield Dividend Stocks › Step #2 - Join Our Premium Advisory: The Next Superstock › Step #3 - Claim Your Free Copy Of: Big Book Of Chart Patterns | How to Trade Weekly Options For Weekly Income Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. 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