Today we’re discussing Boston Beer’s future, checking in on Tesla’s Nvidia problem & a whole lot more.

Enjoy the next 4 minutes and 17 seconds of blue-chip news and commentary.

Keep on snapping necks and cashing checks,

- tyler

+ US stocks “flipped between negative and positive territory on Tuesday, finishing narrowly in the green as investors shifted their rate-cut expectations after more weaker-than-expected economic data.” (Yahoo! Finance)

+ The 10-year Treasury yield “slipped on Tuesday as investors considered the latest economic data and what it could mean for the economy." (CNBC)

+ Oil “fell more than $1 a barrel on Tuesday on skepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.” (Reuters)

+ Bitcoin reclaimed the $70k level on Tuesday.

+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Nvidia +1.2% 2) CrowdStrike -1.0% // +6.7% after hours 3) HP Enterprise -1.9% // +15.2% after hours

The market moves you need to know about…

+ Bad news: AI is creating all sorts of new cybersecurity threats. Of course, that’s good news if you own CrowdStrike. Shares of CRWD rose 6.7% in the extended session after it shared upbeat guidance thanks to growing demand stemming from AI-linked cyber threats.

– Annnnd it’s gone. Shares of GameStop fell 5.3% because… well, it’s not entirely clear why. One thing is clear, though: Roaring Kitty probably wishes he sold the rip on Monday…

+ HP Enterprise mooned 15.2% after reporting blowout earnings, with sales boosted by, you guessed it… AI.

AI is disrupting everything from media to robotics. Now it's coming for the $4.1T hospitality industry, and for the next two weeks only, you can invest.

Jurny has partnerships with industry disruptors like Airbnb, Vrbo, and Expedia. Its AI platform already automates up to 90% of backend operations for thousands of hotel and vacation rental property managers worldwide.

Their traction is off the charts. If you are considering an investment in AI, you won’t want to miss this chance.

Act fast, Jurny’s round closes on June 18.

Would really appreciate it if you took a minute out of your day to check out Jurny. Sponsors are how I keep the lights on around here. Thanks in advance.

Name something that screams “I base my entire personality on pot” more than signing off an email proposing a multibillion-dollar merger with a Grateful Dead quote (for those of you wondering, the quote was: “Once in a while you get shone the light, in the strangest of places if you look at it right.")

Ben Kovler, the founder of cannabis producer Green Thumb (+4.0%), penned a letter to Boston Beer Co. (-1.4%) founder Jim Koch proposing a merger that’s a scratch-off maker away from completing the vice trifecta.

Green Thumb is currently valued at $2.5B, while Boston Beer has a market cap of $3.6B.

An idea so crazy it might just work…

Boston Beer, the maker of Sam Adams and Twisted Tea, has a target on its back. As recently as last week, shares of the Truly make were down nearly 25% YTD.

Speaking of High Noon for people with bad taste… Truly sales (or lack thereof) have been one of the biggest reasons for the stonks meltdown. It appears that everyone finally realized spiked seltzers are basically just Smirnoff Ices (read: they kinda suck).

Green Thumb was sure to point out the growing popularity of weed vs. alcohol among the youths. Oh, and the merger would give the Canadian devil’s lettuce grower a foothold in the US… just as the Biden administration plans to re-schedule the drug.

The move isn’t without precedent. Tilray, another weed company, has been buying up alcohol brands, including a handful from Anheuser-Busch last year.

Of course, Green Thumb isn’t the only one with plans to take out Sam Adams. Shares popped on Friday on news that Suntory, the owner of Jim Beam, had approached Boston Beer. Leave it to a stoner to be late to the party…

+ The state of Massachusetts is allegedly “probing” the trading activities of GameStop memelord and savior, Roaring Kitty. And I, for one, will not stand for it…

Secretary of State Bill Galvin, who also investigated Deep F*cking Value in 2021, is kicking the tires on Roaring Kitty’s recent trades. Sounds like this dude really wants a cameo in ‘Dumb Money 2.’

+ Apparently CNBC doesn’t know what happens to snitches…

The outlet got its hands on some internal Nvidia emails that fall under the category, “it sure would be a shame if the SEC got a hold of these.” The internal communications show that Elon lied to investors during TSLA’s (-0.8%) earnings call about the number of Nvidia chips the company was buying.

And it was at least partially because he was prioritizing X and xAI’s chip needs over Tesla’s…

Obviously, it took the world’s richest man-child just a few hours to respond on Twitter. He claimed that the chip diversions from Tesla to X were ordered because the carmaker had no place to use them at the time.

And as for the internal Nvidia emails claiming their sales figures didn’t match those disclosed during TSLA’s earnings, Elon explained that Nvidia wouldn’t be able to track all the money the EV maker is spending.

Imagine thinking this guy doesn’t know how to track a client’s spend…

+ Warner Bros. Discovery (-1.0%) is playing chess while everyone else is playing checkers…

Just 12 days ahead of season 2 of ‘House of the Dragon’ dropping, the company is jacking up the price of its ad-free Max subscription. The ad-supported version will stay the same… probably because they know poor people have bad taste in TV.

+ Great news… it’s getting harder to find a job. On the bright side, at least your tech-heavy, four-figure portfolio might jump when the Fed lowers rates at the end of the year…

According to the JOLTS report, job openings fell to their lowest level since February 2021. There were 8.06M job openings at the end of April vs. 8.35M in March. Economists expected 8.35M last month.

A cooling job market could make the Fed’s decision to cut rates easier but likely won’t change J-Poww’s timeline.

+ 2 Pros and Cons of Tapping Your 401(k) To Buy a Home — Is it a Smart Investment? (Read)

+ Hamptons ‘mobile beach home’ — featuring two bed and one bath — lists for whopping $3.2M (Read)

+ How Much Apartment Can You Afford in New York vs. Los Angeles (Read)

+ BTW, if you want more real estate news & insights, check out The Pocket List. It’s a new newsletter project I’ve been working on. It’ll keep you up to date on the industry with one goal: helping you make more money. Check out last week’s newsletter and subscribe for free with one click (Read & subscribe)

⏪ Yesterday, we were keeping an eye on CrowdStrike and HP Enterprise earnings, plus JOLTS job openings data. You can check out all the details above…

⏩ Here's what we’re keeping an eye on today...

+ Brown-Forman, Dollar Tree, and Campbell Soup Company report this AM

+ Lululemon and Smartsheet report after the bell

+ Walmart and AMC hold their annual meetings

+ ADP's jobs report drops

+ A bunch of services PMI data drops

Yesterday, I asked, “You have to trade portfolios with one of the following people today and hold at least until the end of June, who is it?”

75.5% of you would rather be Keith Gill (long GME) vs. Andrew Left (short GME). Wonder if that changed after yesterday…

Here’s today’s question…

We got Nvidia CEO Jensen Huang out here signing b**bs…

Before you go…

The real ones remember…

And just a few great Jensen Huang “signature” Tweets…

Does this look like the face of a guy you should take financial advice from?

No, it’s the face of an individual who is financially irresponsible/dumb enough to be talked into spending money on a family photo shoot that he could have just done with his iPhone. So, act accordingly...

This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.

** Disclaimer: This is a paid advertisement for Jurny’s Regulation CF offering. Please read the offering circular at https://www.startengine.com/offering/jurny