Samsung's Latest Unveiling

Samsung has Apple in its scope with its new ring July 11, 2024 | Peel #748 In this issue of the Peel: - 🏘 The housing market has been Millennials’ Vietnam. Now, consider it 1975 - 🤖 AI is here to save us all. But it’s taking lives—and jobs—along the way - 💍 Samsung has Apple in its scope with its new ring Big Announcement 📢 The Daily Peel is moving newsletter platforms to help us reach your inbox easier starting on Thursday, July 18th... this means you will no longer be getting our emails from wallstreetoasis@wallstreetoasis.com but from either news@thepeel.co OR [thedailypeel@mail.beehiiv.com](mailto:thedailypeel@mail.beehiv.com). This also means the newsletter will have its own domain at [thepeel.co]( where you can read past issues and subscribe. One way you can help? Reply or click anything in the email starting next Thursday (July 18th) Market Snapshot 📸 Banana Bits 🍌 - Get ready for the latest consumer inflation report [dropping today](=) - Alphabet is ghosting HubSpot, leading the [stock to selloff](=) - JPow’s speech sends stocks to a [record close for 6 days in a row](=) - HBO’s coming documentary [could pump space stocks]( 3 Reasons Why You Are Striking Out At Your High Finance Job Search The recruiting game is changing. Computers are taking over most aspects of application screening. You are filtered out before you get a chance to talk to the recruiter. Gone are the days when you could afford to have a shit resume but still walk out with a job. Or get a job because you attended a certain school. The competition is much higher, and your odds are much lower. The old-school mentality of let’s apply and hope we get an interview does not work. Below are three things you could be doing that will get you insane results. - Crappy resume. Wrong format. Typos. Wrong keywords. Things no one wants to know about you. You name it. In our experience, 99% of resumes have massive gaps. And most of them think they could no better. Our academy students (including ones from the top target schools) are awestruck every time we complete a resume review session with them. Here’s just one review so you hear from them, not us. “She was absolutely amazing - she evolved a resume review into a full-packaged guidance for recruiting strategy and how I should frame myself for the whole upcoming recruiting process.” - 100-500 LinkedIn connections. Really? Those connection requests are free. You don’t pay for them. And it can be done while you take a break from scrolling on your phone🙂 No, seriously, what’s stopping you? At WSO Academy, we help you draft proven outreach templates to 10x your LinkedIn networking success rate and push you to achieve weekly targets. “He was phenomenal help and provided tangible steps to take in order to strengthen LinkedIn profile, in conjunction to additional feedback on courses to take to strengthen LinkedIn profile.” - AI. You hear AI can pass standardized tests and will eventually rule over us, but you still haven’t started using it. At this point, there’s no excuse for not leveraging the power of AI. Tools exist. Many tools. And we use them at WSO Academy to supercharge your job hunt. From resume reviews to LinkedIn reviews and much, much more. As part of the academy, you have not just natural but artificial intelligence working for you. Here is a computer-scored report card of a resume before and after the mentor review and finally after the AI review. As part of WSO Academy, we help you address these problems and much more and get you a job in high finance. Can’t wait to start hearing from recruiters? [Click here to join the WSO Academy Waitlist. Limited slots only.]() Macro Monkey Says 🐒 Up And To The Right The housing market has become the Millennial and Gen Z equivalent of the war in Vietnam. Decades from now, we’ll tantalize our AI-rendered grandkids with stories of getting shot down over enemy territory. Only instead of in planes on a battlefield, we’re talking about offers for houses in the seller’s hometown. I'm not sure which is more exciting, but at least we have iPhones for our war. However, it appears that troops may be called back home as soon as housing inventory starts moving in the right direction. Let’s get into it. The Numbers The seeds have been planted for a more buyer-friendly housing market. Conditions are still far from desirable, but at least more agreeable for wannabe homebuyers. We can see this first and foremost in active home listings, hitting its highest level since June 2020. [Source]() Construction levels remain suppressed compared to demand. However, homeowners fortunate enough to move in before JPow’s full frontal attack on housing affordability are starting to accept the new reality of higher rates. The month’s supply of existing homes hit a fresh high since October 2023 in May, reaching 3.7 months' worth of inventory at current sales levels. Meanwhile, months’ supply of new homes hit a fresh high since October 2022 at 9.3 months. Taken together, that means there currently exists a 4.4-month supply of homes for sale in the U.S. [Source](=) The housing market-induced financial crisis scarred homebuilders, causing them to dramatically de-risk and build far fewer homes. But, the boom in housing demand following the pandemic has brought builders back to life. Meanwhile, home sellers have taken longer to cash in on this wave of demand. As home prices have spiked along with demand, growth in home values seems to have run up so high that buyers are willing to forgo their sub-4% mortgage rates in order to move. It’s been a long process, but homebuyers are finally getting some wind in their sales. Even in regions with the tightest housing market, like the North East, states are seeing huge upticks in home listings, with Massachusetts leading the way up 35% annually. Supply is up, and price growth is decelerating, but one important factor remains a thorn in the buyer’s side—mortgage rates. [Source]( More than 2/3 of outstanding mortgages carry an interest rate below 4%. In the U.S., 90% of home sales are done with a 30-year fixed mortgage rate. That standardization of mortgages is one reason why the U.S. housing market has held up better than other countries. But it doesn't have drawbacks, like the lock-in effect and downstream implications. The lock-in effect is simply the idea that carrying a low mortgage rate keeps homeowners from moving, as they’ll need a new mortgage at a new, much higher rate. Not only does this slow household formation, leading consumer spending in the form of renovations, supply for homes, insurance, and more to slow, but it also lowers population growth and handicaps, compounding time for soon-to-be buyers. The Takeaway? However, there are some positive effects on consumer spending. According to the WSJ, homeowners in the U.S. have received an average increase of $119k in home equity since the pandemic. The wealth effect therein allows homeowners to feel more confident spending lavishly on things like travel, with TSA passenger checks hitting an [all-time high on Sunday](=). The housing market is starting to become more friendly for American buyers. Obviously, this trend had to wait for me to finally have bought a home before the market started improving. Feel free to thank me later. What's Ripe 🤩 SoundHound AI (SOUN) 📈22.5% - Brace yourself for the AI takeover of the Daily Peel below and of the European car market by SoundHound AI. The firm popped on a huge announcement. - SoundHound’s ChatGPT-integrated voice assistant is now live in 3 car makers across 11 European markets, with plans to enter 6 more this month. - Peugeot, Opal, and Vauxhall (whatever tf those are) now allow hands-free control of vehicle infotainment systems. You’ll never be alone in traffic again! Advanced Micro Devices (AMD) 📈3.9% - I guess there are some tech companies in Europe, but not for long. American companies are snapping them up like they’re oil in the Middle East. - AMD is the latest acquirer as the firm announced plans to purchase Finnish startup Silo AI to close the software gap it has compared to Nvidia. - Silo makes end-to-end AI systems in smart devices, self-driving, and more. Wall Street also likes the $665mn all-cash for the addition of 300 technical employees. What's Rotten 🤮 LegalZoom (LZ) 📉25.4% - We love a good contrarian play, but hitting all-time lows while the market hits all-time highs is a bold move. Murphy’s Law is hitting the firm hard. - The lawyer-as-a-service firm announced the surprise departure of its CEO, cut 2024 sales guidance by 4.2%, and cut free cash flow by guidance by 11.2%. - No reason was given for all hell breaking loose. Presumably, LegalZoom is the latest victim of ChatGPT stealing market share. Intuit (INTU) 📉2.6% - 12 months ago, firing 10% of your company was a reason to hit all-time highs. Today, Intuit is down as the business software firm cuts 1,800 jobs. - Shares mildly recovered after a painful drop at the open as analysts actually read the announcement and realized they’re creating space for AI investments. - AI job replacement is here. Although chatbots and other tech aren’t yet ready to replace these roles, companies are starting to invest in AI over humans. Thought Banana 🤔 Health Tech Check-Up Get ready for a bull market in hypochondria. Health tech is taking 24/7 monitoring of your vitals right to your fingertips… literally. South Korean tech giant Samsung just released its first “Galaxy Ring,” a device that wraps around your finger and tracks allegedly important health information. Let’s check it out. What Happened? The Galaxy Ring, launched yesterday, looks a little something like this: [Source](=) I’m not getting down on one knee for you apes (yet), but if any of you hypochondriacs want to track your health 24/7, it’s your time to shine. The Galaxy ring is equipped with micro monitors in order to track your: - Sleep - Heart rate - Exercise, and - Menstrual cycle Altogether, the ring uses these to give you an Energy and Vitality score to let you know how energized or how much of a lazy POS you are. Who Cares? While the features are cool, the important thing here is that Samsung is relying on health tech to become less reliant on new smartphone sales to grow revenue. [Source]( Financial media talks about “peak Apple” a lot, but far less attention is paid to Apple’s only real global competitor, Samsung. The peak smartphone for Samsung hit more than a decade ago. But, with a broader lineup of devices, the threat presented by lower phone turnover presents a smaller impact on Samsung than it does on Apple. Even still, Samsung used this week’s Unpacked 2024 event to reveal the ring alongside the Galaxy S24 and S24 Ultra, suggesting that Samsung anticipates the Galaxy Ring will be the firm's next big, killer product. Smartphone companies are realizing that their products are simply too good. Phones last too long, so Samsung and Apple are leaning into health tech and phone-based services to make up for it and keep growth alive. The Big Question: Will Apple make any other forays into health tech in addition to the Apple Watch? What’s next for health tech products? Banana Brain Teaser 💡 Previous 🗓 If y is the smallest positive integer such that 3,150 multiplied by y is the square of an integer, then what must y be? Answer: 14 Today 🕐 In the first week of the year, Nancy saved $1. In each of the next 51 weeks, she saved $1 more than she had saved in the previous week. What was the total amount that Nancy saved during the 52 weeks? Send your guesses to vyomesh@wallstreetoasis.com Wise Investor Says 🤓 “Companies don't exist for 150 years without reinventing themselves.” — Charles Lowry How Would You Rate Today's Peel? 😁[All the bananas]( 😐[Meh]() 😩[Rotten AF]( Happy Investing, David, Vyom, Jasper & Patrick [ADVERTISE]() // [WSO ALPHA]( // [ACADEMY](=) // [COURSES](=) // [LEGAL]() [Unsubscribe]( IB Oasis Corp. (aka "Wall Street Oasis") 14435 Big Basin Way PBN 444 Saratoga, California 95070 United States