🏴‍☠️ The Pirate's Weekly Buried Treasure Bulletin - 2/26/24

February 26, 2024 Dear , Welcome to The Pirate's Weekly Buried Treasure Bulletin. Your one stop shop for all things finance. Picture our newsletters as the GPS for your investment journey – direct, efficient, and available in your inbox every week. Here’s what we got on deck for you today: 💣 Reddit's plans to go public in March 🚀 💣 New Trade on SQ 👀 💣 Are we living in an AI-fueled tech bubble? 🖥 Quick Glance 🔎 As of February 26, 2024, 10:30 PM MST Reddit's plans to go public in March 🚀 Breaking news: Reddit, the beloved social media hub, has officially thrown its hat into the IPO ring! After a suspenseful buildup, the company filed its IPO on Thursday with the SEC, gearing up for their debut on the New York Stock Exchange under the ticker symbol 'RDDT.' Set to hit the market in March, Reddit's IPO will be the first major tech offering and the first social media debut since Pinterest. [See Full Article](=) New Trade on SQ 👀 (Trade placed on February 23rd, 2024) "I'm starting up a new trade and adding to an exisiting trade, here are the details: With SQ's surprise factor today, including how it's breaking up into new 52-week high territory (and also combined with how punished this name got going through 2022's bear market, and also a few other factors)... I'm doing this with SQ as it trades around $80 today: I'm buying some SQ Jan 2026 $67.50 calls. I want on this train." -P Square's earnings report (which came out after the close Thursday) has stirred up quite the frenzy! SQ reported 45 cents per share on an adjusted basis, which is a whopping 109% leap from the year prior. But that's not all! Square's net revenue strutted in at a jaw-dropping $5.77 billion, thanks in part to Cash App transactions for bitcoin, surpassing the analyst predictions of $5.69 billion. SQ stock skyrocketed an insane 18.5% to $80.57 in afternoon trading on Friday. [See Full Article]() Are we living in an AI-fueled tech bubble? 🖥 Last Thursday, Nvidia sent shockwaves through the market with a 15% surge in shares following their earnings report. This momentum spilled over, igniting a broader market rally. Even Nvidia's competitors like AMD and Arm experienced a boost, along with Super Micro Computer (SMCI), which saw a remarkable 36% surge. [See Full Article]( Indices Outlook 👀📈 Believe it or not, February is coming to a close! We start this new week with the indices keeping their uptrends in tact. On the back of NVDA's powerful earnings reaction, the markets pushed up to new highs. (However the Nasdaq cleared the previous resistance level only slightly, and retreated midday, still grappling with the 16,000 level) Historically, March has been a solid month. As part of the Best Six/Eight Months discussed in the 2024 Stock Trader’s Almanac, we see the DJIA, S&P 500, NASDAQ, and Russell 2000 all closing higher more than 64% of the time in March. We have seen average gains between 0.7% by Russell 2000 to 1.1% by S&P 500. Like we've discussed in previous weeks, we want to keep trusting the trend until we see a reason not to. We are watching for momentum to slow to the upside or any signs of the current trend breaking down, but until those cracks start to form we can just keep riding this wave! Have a great week! Mike Curtis Mumsy's Meme of the Week 😂 GET YOUR COPY TODAY! The Money Press Method Is an extra $3-5k per month keeping YOU from being able to retire right now? If so, you need to see this... [Download PDF]() Need more help? Gain exclusive benefits as a WOW Insider, including access to LIVE Friday morning webinars, 31+ training videos on Preston's option strategies, a member forum for Q&A, and updated trade journals. [Learn More](=) Treasure Trove Tidbits: Top headlines in a glance 💰 [US stocks paused after a record-breaking week](=), awaiting new inflation data which could impact the recent rally driven by Nvidia's results and Thursday's PCE index reading. [Microsoft and French startup Mistral AI announced a partnership on Monday](), making Mistral AI's AI models accessible via Microsoft's Azure cloud platform. [The FTC announced Monday it is suing to block the merger of Kroger and Albertsons,]() citing concerns about higher prices for shoppers and lower wages for workers if the two major grocers combine. I hope you enjoyed this edition of "The Fogcutter". You can expect this in your inbox every Monday moving forward. Have a great week! - Preston [Unsubscribe]( Traders Edge Network 8180 South 700 East Suite 210 Sandy, Utah 84070 United States (801) 733-4190