Stock Market Nerd – Market Headlines – April 06, 2024

By Brad FreemanApril 7, 2024Posted in Stock Insights

Third-Party Content. Provided for informational purposes only. Not investment advice or a recommendation to buy or sell any security. See disclosure here.

Apple (AAPL) is pursuing a home robotics assistant following the scrapping of its Apple Car plans. It also debuted a new AI model (called ReALM) that supposedly outperforms GPT-4 in certain use cases.

Shopify (SHOP) added Serena Williams and her brands as a new client this week. As leadership consistently tells you, businesses (even Fortune 500 brands) like to follow the “cool kids.” Celebrities don’t lead to a direct revenue explosion, but they do augment brand consideration for companies pursuing commerce evolutions. Serena is just another cool kid on Shopify’s roster. Not monumental; not irrelevant.

PayPal’s (PYPL) stablecoin is now live on Xoom with no fees, as expected. PayPal Ventures took part in a small funding round for a Southeast Asian marketing commerce firm called SingleInterface.

Disclaimer: Third party content is provided for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy or sell any security. Third party content is not intended to serve as a recommendation to buy or sell any security and is not intended to serve as investment advice. Third party content creators are not affiliated with BBAE Holdings LLC, (“BBAE”) Redbridge Securities LLC (“Redbridge Securities”) or BBAE Advisors LLC (“BBAE Advisors”). All investments involve risk, including the possibility of total loss of principal. For additional important information, please click here.

Meet the Author

Brad Freeman

Stock Market Nerd, BBAE Contributor

Meet Brad Freeman, an independent financial analyst on the BBAE blog, and publisher of the popular StockMarketNerd newsletter. He's known for his thorough, candid takes on many of the most widely-held stocks’ earnings reports — and some less-known companies that Brad feels hold promise. When this University of Michigan finance grad isn't sharing his financial wisdom with his readers, he passionately supports his hometown Detroit sports teams. Keep an eye out for Brad's market analysis and insights.

Read more about Brad Freeman (StockMarketNerd)

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