Deal with the devil

[The beef 675] [I'm an image] “If you’re gonna sell out, sell out big.’” - Jeff Hey there carnivores, Markets were down on Tuesday. And today we’re talking about Joe Rogan's new deal. Keep raging, Jeff & Jason [Image] [I'm an image] Selling out The man who couldn’t be bought... has been bought. Spotify announced on Tuesday that it has finalized a deal to make The Joe Rogan Experience Podcast a Spotify exclusive. [Starting]( at the end of the year, Rogan’s entire podcast library will be solely available on the Swedish streaming platform. Yes, that includes his YouTube videos. Sorry freeloaders. The deal terms weren't disclosed, but it’s [believed]( to be worth upwards of $100M. That includes milestones and performance metrics. Since it’s a licensing deal, Rogan will not be considered a Spotify employee, so he can still say whatever he wants. He still records in America after all. Switching sides Joe Rogan is nothing if not vocal, and in the past, he’s made his distaste for Spotify well known. He’d previously stayed away from putting his show on the streamer, citing Spotify’s lack of pay to artists. But before we praise the former 'Fear Factor' host for his principles, let's remember Rogan has been raking in cash from the likes of 23andMe, Dollar Shave Club, and ZipRecruiter. Of course, he offers free ads to whoever makes [DMT](. The bottom line... Spotify is full send in its quest to be synonymous with podcasts. Currently, the platform is the largest music streaming service by subscription, and The Rogan Experience will only help that claim. Rogan’s YouTube channel alone has more than 8.4M followers, and his videos frequently hit the 1M mark in views. As of last week, Rogan’s podcast was the 2nd most downloaded on Apple’s podcast platform. Beyond the JRE, Spotify has been making moves to build its podcast offering through straight-up acquisitions. It spent hundreds of millions of dollars to buy up The Ringer, and Gimlet Media, a popular podcast production company. It seems like a smart investment too, as podcast ad dollars grew 42% last year. And you can bet people locked in their houses for three months will give those numbers a nice little nudge too. On the news, Spotify shares [climbed 10%]( before closing up 8.4%. [Image] In The First Quarter of 2020 Real-Money Trader, Ben Sturgill Posted A 92.5% Win-Rate What’s Even More Impressive? Subscribers Know What He’s Trading 30 Minutes Before Pulling The Trigger [Watch Now]( [I'm an image] ☑️Homesick. Despite being one of the few places dads have been able to go to avoid their families during the pandemic, Home Depot's net income [fell 10% from the prior year]( to $2.25B. The place where “doers get more done” saw revenue increase by 7.1% from the same period last year to $28.26B. Same-store sales even grew by 6.4%, beating expectations of 4.4%. TikTok meme-ing its theme song likely had something to do with that. However, in order to keep those stores open, the home improvement experts increased security, wages, and overall safety procedures. Those additional measures wound up costing roughly $640M, or 60 cents per share, and ultimately lead to the dip in profit. Who knew orange smocks were so expensive? Home Depot's shares dropped 2% on the day. ☑️Kohl’d world. Kohl’s would have loved to have as good of a day as Home Depot. The retailer [saw sales drop 43.5%]( in Q1 thanks to the coronavirus forcing it to temporarily close stores. Although, there weren’t many people in the stores to begin with. CEO Michelle Douglass said the company’s fast-growing digital sales haven’t replaced the traffic it lost from its stores. Overall, net sales fell to $2.16B from $3.2B during the prior year. Kohl’s stock price fell 9% on the day, and is down a whopping 63% on the year. Yikes. ☑️Modern(a) love. When you are the first company to successfully test a vaccine to fight COVID-19, chances are some investors want to give you money. Think the teen heartthrob boy band of the big pharma world. Moderna is taking advantage of its new discovery and [offering 17.6M new shares]( of company stock to investors at $76 per share, looking to raise $1.34B. Moderna’s stock jumped 20% to $80 earlier this week after it reported positive data on its COVID-19 vaccine. With the new funds, Moderna is looking to ramp up its manufacturing and distribution of the vaccine, once it is officially approved by federal regulators. Would be suuuuper awkward if that didn’t happen... ☑️At dawn, we ride! If you ask US airlines, things are on the up and up. Southwest Airlines announced yesterday that [new bookings are outpacing cancellations]( for flights as travelers look to take back the friendly skies. They still won’t fly Spirit. Even with the increase, there were 55% fewer flights available vs. what was offered in June 2019... but it’s a start. The airline said flights will be between 35% and 45% capacity to ensure safe riding practices can be adhered to. During the first 18 days of May 3.4M travelers passed through security checkpoints, down 92% from last year. But, that is an uptick from April. And if you’re really a glass half full kind of person, there’s plenty of window seats… Southwest is expecting a 90% decline in revenue this month compared to last year, and an 80% drop in June. Still, it’s stock gained 2.2% on the day. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. 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