Monday, Apr 18th 2022

Three Things (4/18)

Commentary

“What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin.” —Mark Twain

The below content and projections are the opinion of the authors. Any conclusions or takeaways are their own. This should not be considered as investment advice. Investing involves the risk of loss and returns are not guaranteed.

1) Twitter board moves to fend off takeover after Elon Musk offers to buy company for $43 billion

  • Twitter’s board adopted a so-called “poison pill” after Musk’s offer to buy the company for $54.20 per share.
  • This new provision allows shareholders to purchase Twitter stock at a discount should any non-approved entity buy up more than 15% of the company’s outstanding shares.
  • The NY Post reported last week that PE firm Thoma Bravo has also approached Twitter about a bid to go private.

Titan’s Takeaway: Elon Musk has managed to do what no one else could — make board machinations and shareholder rights plans a topic of mainstream conversation. And whether this latest drama results in Twitter going private or not, this episode serves as just the latest example of the company creating headaches for investors with little to show for it.

2) Retail sales rise in March amid higher gas prices as pandemic-era habits show signs of slowing down

  • Retail sales in March rose 0.5% from the prior month, the third-straight month of gains.
  • Spending at gas stations rose 8.9% as oil prices surged, the most of any category; excluding spending at gas stations, retail spending last month fell 0.3%.
  • Spending at nonstore retailers – which includes online shopping – fell 6.4% in March, the most of any category.

Titan’s Takeaway: A drop in online spending shows consumer habits continue to normalize, a positive sign for economic growth. Rising gas prices taking away more than all of the growth in spending elsewhere in the economy tempers some of our enthusiasm about the strength of U.S. consumers.

3) Apple tests new Macs with next-gen chips as company continues homegrown processor development

  • Apple is testing at least nine new Macs with four different M2 chips, successors to the current M1 line.
  • Apple has pushed hard to advance its own processor line after splitting from using Intel’s chips.
  • The company is expected to release at least three new Mac models by the end of this year, including a redesigned MacBook Air.

Titan’s Takeaway: Apple’s iPhone and Services businesses garner most of the investment community’s attention, and rightly so — together these segments account for ~70% of Apple’s revenue. Development in Apple’s Mac line and its in-house chips, however, reminds investors that innovation at Apple continues to mean much more than a new financing scheme for iPhones.

Back to Research ↗

Learn with titan

Investment articles and resources

Become the smartest investor you've ever been through straightforward, easy-to-read investment articles.

What Is a Brokerage Account & How Do You Open One?


What Is a Market Order? Definition & Examples


Is the S&P 500 a Good Investment?


What Are High-Yield Investments & How Do They Work?

Let's Get Started

Ready to become a client?

Create an account with us in two minutes.

Or scan to get the app

We're building the best investment platform, ever

Titan Global Capital Management USA, Inc ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept our Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance. Account holdings are for illustrative purposes only and are not investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Refer to Titan's Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. The introducing Broker Dealer is Titan Global Technologies LLC, a registered broker-dealer and member FINRA/SIPC. Brokerage services are provided to Titan Clients by Apex Clearing, an SEC registered broker-dealer and member FINRA/SIPC. For more information, see our disclosures. Contact: 508 LaGuardia Place NY, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.

© Copyright 2022 Titan Global Capital Management, Inc. All Rights Reserved.