What Is a Decillion Anyway?

Here’s what to watch for this week… Published By Money & Markets, LLC. November 04, 2024 Published By Money & Markets, LLC. November 04, 2024 [Turn Your Images On] [Turn Your Images On] From The Desk of [Matt Clark, CMSA®]( Chief Research Analyst, [Money & Markets Daily]( Money & Markets Daily: The 5 It’s time to get on the fast track to stock profits — with the five things you need to make money this week … in just 5 minutes. Let’s get started! What Is a Decillion Anyway? Here are a few numbers to get you started this week: - $477 trillion – The estimated combined total net wealth. - $105 trillion – The estimated worldwide gross domestic product in 2023. - $2 trillion – The estimated value of Alphabet Inc. (Nasdaq: GOOGL). - $2 decillion – The size of a fine imposed on Alphabet by a Russian court last week. Wait? What? Some context for that last number… In 2020, Russian-based Tsargrad TV and RIA FAN sued Google – whose parent is Alphabet – because they were blocked on the search platform due to U.S. sanctions following Russia’s invasion of Ukraine. Two years later, Google’s Russian arm declared bankruptcy after government authorities seized its bank assets. Last week, a Russian court ordered the tech giant to pay $2 undecillion rubles or $20 decillion. For the record, $20 decillion is $20,000,000,000,000,000,000,000,000,000,000,000. In its recent quarterly report, Alphabet refers to “ongoing legal matters” related to its Russia business. The fine will continue to increase the longer it isn’t paid. Ironically, it could reach a googol, which is a 1 followed by 100 zeros. Less Than 24 Hours Away… We’re now hours away from Election Day in the U.S. Pollsters and market odds alike show a tight race between former President Donald Trump and Vice President Kamala Harris. As investors, we're always looking for an edge as market conditions change. And if you're wondering what to expect for your portfolio after the polls close tomorrow, we've got you covered. You can find an election investing guide I created a few months ago [here](. It discusses how the market has performed under different administrations. Chief Investment Strategist Adam O'Dell has been tracking the election as well. He's run the numbers and found certain stocks that are set to crush the market — no matter who wins! [Click here to find out more.]( --------------------------------------------------------------- [The Bible Reveals Incoming Attack on America]( The signs are all around us… just as foretold in Scripture. [Turn Your Images On]( America’s greatest enemies are preparing to launch a devastating attack — one that could cripple our economy, freeze our financial system, and send shockwaves across the globe. We’ve uncovered [a prophetic passage that may hold the key to what’s coming next]( You can still protect your wealth — before it’s too late. [Click here to see what the Bible reveals and how to prepare.]( --------------------------------------------------------------- NVDA Joins the Dow Jones Industrial This week, chipmaker Nvidia Corp. (Nasdaq: NVDA) has become one of 30 stocks on the Dow Jones Industrial Average index. NVDA replaces fellow tech company Intel Corp. (Nasdaq: INTC) on the index after crossing the $3 billion market cap threshold: [Turn Your Images On] Nvidia’s market cap has soared to more than $3.2 trillion in the last 12 months, while Intel’s market cap has remained relatively flat at $100 billion. NVDA’s addition to the Dow shows a shift in the order of technology, which is now dominated by artificial intelligence. NVDA’s inclusion on the Dow resulted in a 1% rise in the stock during premarket trading on Monday. Charting Apple’s Income Are you curious about how one of the largest technology companies makes and spends its money? Look no further: [Turn Your Images On] [(Click here to view larger image.)]( Here is a breakdown of how Apple Inc. (Nasdaq: AAPL) made its revenue in Q3 2024… and how it spent it. The company made $201.2 billion in sales of its flagship iPhone product, with another $30 billion in MacBook sales. In total, Apple recorded $294.9 billion in product sales and $96.2 billion from services. What’s interesting is where that revenue goes. More than $210 billion is categorized as the cost of revenue. This is the amount of expenses a company incurs to create, market and distribute its products and services. All told, Apple clocked $93.7 billion in net profit, a 3% decline year over year. --------------------------------------------------------------- [Turn Your Images On]( From our Partners at Banyan Hill Publishing. [“Crypto Whisperer” Makes Bold Bitcoin Prediction: “This is the FINAL Bull Run”]( “Crypto Whisperer” Ian King is calling it: due to a change in Bitcoin’s “status,” he believes Bitcoin is about to go on one FINAL bull run. But the best way to play it isn’t by buying Bitcoin. Instead, Ian has identified 3 specific “alt” coins with the potential to blow past Bitcoin’s spectacular gains. [To get in before November 4th, see everything you need to do HERE now.]( --------------------------------------------------------------- Who’s Groggy? It’s the Monday after rolling our clocks back. Did anyone else struggle to get out of bed this morning? We’re having a little fun this week in “The 5.” Currently, only two states don’t observe daylight savings time (Arizona and Hawaii). Some other states are debating its future as well. What’s your take? Does the time change throw you off and make you dread the sun setting at 5:15? Or maybe this is your favorite time of year… Should we eliminate daylight savings time and never adjust our clocks again? Email us at Feedback@MoneyandMarkets.com with your thoughts. We’ll take funny stories about missing the bus due to the time change as well… [Matt Clark, CMSA®]( Chief Research Analyst, [Money & Markets Daily]( --------------------------------------------------------------- Check Out More From Money & Markets Daily: - [HOW SUPER MICRO STOCK RATES AFTER ITS 40% CRASH]( - [AVOID THESE DIVIDEND PITFALLS AMID FALLING RATES]( - [THE FED'S PLAN IS PLAYING OUT IN HOMEBUILDERS]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, 702 Cathedral Street, Baltimore, MD 21201. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. 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To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. 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