Spend it if you got it

[The beef 675] [I'm an image] "I love the smell of consumerism in the AM. " - Jeff Hey there carnivores, Markets were flat to end the week. Today we’re talking US retail sales. Keep raging, Jeff & Jason [Image] [I'm an image] Spend it if you got it Retail sales [had themselves]( a September. The measure of purchases at stores, restaurants, and online (so, mostly online) were up 1.9% from the month prior. You think that’s good? Just wait until you see the Prime Day numbers. September’s performance was the fifth straight month of growth. Considering consumer spending is the lifeblood of the US economy, this is a good sign for anyone still holding out for a V-shaped recovery. Feeling good It wasn’t just sales that ticked higher. Consumer sentiment in the US [advanced]( as the average American became more optimistic about the economy. The metric rose to 81.2 from a final September reading of 80.4, marking a seven-month-high. For reference, consumer sentiment clocked in at 101 in February, the highest since 2004. If only they knew… The bottom line... Despite a late sell off, the markets benefited from the pleasant surprise. Friday capped off a volatile week for markets. Wall Street was on a three-day losing streak before retail sales saved the day. The Dow [climbed]( 0.4% and the S&P closed the day up 0.01%. The Nasdaq fell 0.4%. Big tech clearly didn’t get the memo. [I'm an image] Penny Stock Pro Jeff Williams Reveals... The Key Behind His EXPLOSIVE Account Growth* [Alternate text]( Join Jeff LIVE On October 21 at 2 PM ET To Discover How He Unlocked Those Gains [Book Your FREE Seat Here…]( [Alternate text] ☑️Opening the door. Nextdoor is kicking around the idea of hitting the public market. The social network used by neighbors to report when teens are out too late doing hoodrat things with their friends is targeting a valuation [in the $4B to $5B ballpark](, which is more than double its last valuation of $2.2B in September 2019. It may take the traditional route of an IPO, or, and this might come as a surprise, go public by merging with a blank check company. If Nextdoor followed through with a listing via Special Purpose Acquisition Company, it would follow in Opendoor and Clover Health’s footsteps of unicorns that have gone public through a SPAC. ☑️Funding secured. “Hertz is back, baby!” - traders on Robinhood, probably. Hertz gained 128% Friday after it was announced that the car rental company secured $1.65B in funding. This funding will be used to get the company through its Chapter 11 bankruptcy process, as the travel industry has struggled just a tad this year. [A tad? A tad, Lloyd?]( By April, Hertz had more than $24B in debt, with only $1B in cash on hand. So you can see the problem. The company [started missing payments]( to creditors, and finally entered bankruptcy in May. But not before doing the most 2020 thing there is… attempting to offer new shares to idiots with a low cost brokerage account. ☑️First CITizens. First Citizens Bank and CIT Group will merge as part of [a $2.2B all stock deal](. The two financial institutions will become one, under the name First Citizens. Very original, guys. This deal will put First Citizens' assets north of $100B, making it the 19th largest bank in the nation. Shares rose 12% on the news Friday, although $FIZN is still down 27% on the year. Although that’s not too terrible considering the S&P 500 Banks Group is down 33% YTD. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. 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