[The beef 675]
[I'm an image]
âCan someone please tell me when Iâm getting Flappy Bird back?â - Jason
Hey there carnivores,
Markets were up on Monday, as states continue the reopening process.
Keep raging,
Jeff & Jason
[Image]
[I'm an image]
In house
Apple held its Worldwide Developer Conference (aka WWDC) virtually yesterday⦠presumably so angry hordes of app makers couldnât get their hands on Timmy Price Gouger in-person.
So whatâd I miss?
Tim Apple [demoed the new iOS14](, which will give users the ability to set default email and browser apps (f*ck off, Safari) and pin widgets on the home screen. Thereâs also the creation of a Memoji avatar that has a facemask, so youâll be able to practice safe sexts.
And letâs not forget the belle of the ball. Siri has been updated to respond 20 times faster than a few years ago, meaning she can say âIâm sorry, I didnât understandâ in the blink of an eye.
Oh, and douchebags rejoice. Now you can use your iPhone as a [BMW key](. Other vehicles are also expected to join the club.
All that and a bag of chips
But the biggest news...
Apple is bringing chip manufacturing in-house (well, technically China), as the tech goliath stated it will have [completely phased out]( its use of Intel processors by 2021. Instead, Timbo Slice and his squad will use custom Apple chips, ending its fifteen-year run of going to Intel for its Mac processing needs.
And the strategy could pay dividends (literally and figuratively), as one analyst believes the custom ARM Mac models with the new chips could outperform current-day models with Intelâs processors by 50% to 100%.
The majority of Appleâs competitors, such as HP, Dell, Samsung, and Microsoft rely on Intel or AMD chips. So this could be another competitive advantage... in addition to how cool it looks to blog in a coffee shop with a Mac.
You can check out the rest of the announcements and changes [here](. Spoiler: still no headphone jack.
The bottom line...
There was likely some tension in the WWDC chat room yesterday, as Apple is at odds with the developer community. Match and Spotify have [recently criticized Apple]( for taking too large of a cut of in-app purchases.
How large? Oh, just 30%... which is why Basecampâs Hey, which is a paid email app, did not include an option for users to subscribe and pay via Apple Pay.
In turn, Apple blocked the Gmail wannabeâs bug fix, which turned out to be a bad move, as it [received additional criticism]( for that choice. But you can rest easy knowing that the bug fix was pushed through last Friday for temporary use, thus placating every nerd who graduated General Assembly for at least a few days.
[Image]
Why Settle For 50/50 Odds
When You Can Do Better?
[Alternate text](
Join Jason Bond
On June 25 at 2 PM ETâLIVE
As He Reveals The Options Strategy
With The âBookieâ Advantage
[Register Now](
[I'm an image]
âï¸ Never in Dow(bt). The Dow is back [above 26,000 points](, as investors are hopeful that reopening the economy wonât be hindered by the rise of coronavirus cases in states across the country. Its compatriots, the S&P and Nasdaq also climbed, rising 0.7% and 1.1%, respectively. Safe to say weâre back?
Not just yet... more than 24 states have seen spikes in COVID cases, so thereâs a good chance a second wave of lockdowns could be in the pipeline. We couldnât just leave well enough alone, could we?
âï¸ Cashing in. Ken Griffin is seeing green as his Citadel Securities is the leading retail market maker in a time when day trading is the soup du jour. Citadel handles [more than 40%]( of the total shares traded by lone wolf investors in the US, many of whom have been driven to the day-trading game by the lack of sports on TV and gambling opportunities. I mean, the markets are just gambling with better research available, right?
The privately-held Citadel is not the only firm making bank amid a crisis. Itâs rival, publicly-owned Virtu Financial, saw a 267% year over year jump in market earnings in the first quarter. As such, Virtuâs stock has climbed 50% on the year.
âï¸ Off the market. Microsoft is opening up its wallet, shelling out a [reported $165M]( for cybersecurity startup CyberX⦠which sounds a lot like the name of the villainâs fictional shell company in a made-for-TV action film.
Microsoft already offers security platforms across the antivirus and cloud application fields, but with CyberX, it will be able to monitor hardware for corporate clients. Alarms, cameras, and phones are CyberXâs bread and butter, and now it will be able to access Microsoftâs Azure IoT systems, consolidating companiesâ security systems.
To date, CyberX has raised more than $47M from investors like Qualcomm Ventures and Norwest Venture Partners. You think Bill Gates is jealous? Think again.
âï¸ Rock bottom. According to Deloitte, the US shale industry is digging deeper. The firm expects the wildcatters to face [up to $300B]( in losses and see a wave of bankruptcies as COVID continues to wreak havoc on the oil industry.
The market took a beating as the world hunkered down in March and April. At one point, the WTI prices went negative for the first time ever. Since then, the value of crude has climbed 200% as demand is slowly working its way back to pre-COVID levels. So itâs got that going for it.
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. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of this website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information included on this website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that owners, employees and writers of and for RagingBull.com, LLC may have long or short positions in securities that may be discussed on this website or newsletter. Past results are not indicative of future profits. This table is accurate, though not every trade is represented. Profits and losses reported are actual figures from the portfolios Raging Bull manages on behalf of RagingBull.com, LLC.
If you no longer wish to receive our emails, click the link below:
[Click Here to stop receiving emails from support@ragingbull.com](
[Unsubscribe from all RagingBull emails](