Wednesday, Jun 15th 2022

Three Things (6/15)

Commentary

“Nowadays people know the price of everything and the value of nothing.”-Oscar Wilde

1) Apple scores MLS deal: Apple landed a 10-year agreement to stream Major League Soccer exclusively on Apple TV+. The broadcasting rights are rumored to cost $2.5 billion. Soccer recently surpassed hockey as the 4th most popular sport in the United States.

Titan’s Takeaway: It may be the offseason for many sports, but business deals, whether streaming or ownership, have been heating up. The most significant transition in sports media history is occurring, and Apple plans to have a seat at the table.

2) Real estate companies cut staff: Online brokerage Redfin announced it would cut ~8% of its workforce. Redfin CEO Glenn Kelman noted that demand in May was 17% below the company's estimates. Brokerage competitor, Compass rolled out plans to release ~10% of its workforce "due to clear signals of slowing economic growth." 

Titan’s Takeaway: The stock market is down, and mortgage rates are up - essentially shrinking the size of down payments while increasing the monthly payments. The housing market has yet to see a proper dislocation, but early warning signs from brokerage houses show a demand imbalance.

3) Yen plunges to 24-year low: The Japanese Yen fell to its lowest level compared to the dollar since the Asian financial crisis in 1998. Japan's economy relies on exports, so typically, a weaker yen leads to strong economic growth. Japan's inflation rate is just 2.5%.  

Titan’s Takeaway: Although inflation and rising rates in the U.S. ripple across the global economy, the varied approach to stimulus during the pandemic leads to unique situations for each country.

As of this writing, AAPL was a portfolio holding of Titan. This security may cease to be a portfolio holding at some point in the future.
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.

Are Reinvested Dividends Taxable?


What Is a 529 College Savings Plan?


How Do Dividend Mutual Funds Work?


What Are Long-Term Investments?

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. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members 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. Check the background of these firms on FINRA's BrokerCheck.

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