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Virtual Rivalries, Resilient Payrolls, and Prime Possibilities: Your Weekly Investment Insights

Exploring Meta's Next Move, Surprising Job Growth, Salesforce's Struggles, and a Glimpse at Amazon's Potential Prime Service

Author

Justin Oh
June 02, 2023

In this week's issue, we are donning our VR goggles 🥽 as Zuckerberg unveils the new Meta Quest 3, just days before Apple's own reveal. The US labor market 📈 keeps on surprising with an impressive addition of 278,000 jobs in May, far exceeding expectations. In corporate news, Salesforce 🔔 raises the guidance, but faces pressure due to customers backing away from big consulting deals. The resilience of the job market 💪 is further evidenced as payrolls rise 339,000 in May. Meanwhile, the Senate has passed the bill to raise the debt ceiling 💵, warding off the threat of a first-ever US default. On the social media 🐦 front, we're diving into housing bubbles, Tesla's price cuts, generative AI, and a possible mobile service from Amazon for its Prime members. Lastly, catch our Amazon AWS 🌩️ bear thesis and technical analysis, followed by a few insightful streams and videos 📺. Fasten your seatbelts for a thrilling ride through the world of investing! 💼💰💡

📣 As a reminder, if you’re an accredited or serious investor looking for a community of serious intelligent stock investors head over to centsinvest.com and get 7 days FREE! 📣

Interesting Headlines

Zuckerberg unveils Meta Quest 3 VR headset days before Apple reveals its own

The Meta Quest 3 is the successor to the Quest 2 headset that was released in the fall of 2020 at a starting price of $299.

www.cnbc.com/2023/06/01/meta-quest-3-unveiled-ahead-of-apples-planned-vr-headset-debut.html

Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says

The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well above expectations.

www.cnbc.com/2023/06/01/private-payrolls-rose-by-278000-in-may-well-ahead-of-expectations-adp-says.html

Salesforce raises guidance but sees pressure as customers back away from big consulting deals

Salesforce raised its full-year guidance and reported an earnings and revenue beat, but capital costs were higher than expected.

www.cnbc.com/2023/05/31/salesforce-crm-earnings-q1-earnings-report-2024.html#:~:text=Net%20income%20totaled%20%24199%20million,%248.51%20billion%20to%20%248.53%20billion.

Payrolls rose 339,000 in May, much better than expected in resilient labor market

Nonfarm payrolls were expected to increase by 190,000 in May, according to Dow Jones.

www.cnbc.com/2023/06/02/jobs-report-may-2023-.html

Senate passes bill to raise debt ceiling, preventing first-ever U.S. default

The Senate passed a House-approved bill to raise the debt ceiling and cap government spending, sending it to President Joe Biden.

www.cnbc.com/2023/06/01/debt-ceiling-bill-updates.html

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Disclaimer: This newsletter's content is not investment advice and doesn't express any opinion about potential security prices. Make decisions based on your own review of publicly available information, not solely our content.

Our information, prepared from public sources and our research, might not be fully accurate or complete. Our views can change without notice and are based on assumptions, not actual events. Other unforeseen events may impact securities' performance.

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