Lite TWC today. I was just as distracted as you were last night. And by that, I mean doomscrolling on Twitter.

Enjoy the next 2 minutes and 11 seconds of blue-chip news and commentary.

Keep on snapping necks and cashing checks,

– tyler

PS, if you think you’ve got what it takes to be a part of The Water Coolest’s content team, and want to work directly with me, you should apply for a part-time writing position (or check out the full job description).

+ US stocks “closed sharply higher in a broad rally on Tuesday after data signaled a solid economy, but investors braced for volatile trading this week as voting was underway in an extremely tight U.S. presidential election.” (CNBC)

+ The 10-year Treasury yield fell “on Tuesday as investors readied themselves for the presidential election results.” (CNBC)

+ Oil “edged up about 1% on Tuesday with a storm expected to cut U.S. output in the Gulf of Mexico and as the U.S. dollar weakened on Election Day with polls showing America's presidential race exceptionally close.” (Reuters)

+ Bitcoin “rose on Tuesday, reversing recent declines ahead of a tightly contested presidential election.” (Investing)

+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Trump Media -1.1% // +10.4% after hours 2) Palantir +23.3% 3) Super Micro Computer +6.4% // -15.8% after hours

“It’s a bold strategy, Cotton. Let’s see if it pays off for ‘em.”

Although it’s not entirely clear why, Trump Media (-1.1% // +10.4% after hours) surprised the Street by releasing earnings early… on election day… following an incredibly volatile trading session.

And, yeah, they weren’t particularly impressive. Trump media lost $19.2M on $1M in revenue in Q3. That’s a topline decrease of 5.6% vs. the same period last year. For those of you keeping score at home, that’s three-quarters of huge losses.

To say trading was volatile yesterday (during the regular trading session and after hours) would be an understatement.

During regular trading, DJT popped nearly 20% at one point… and closed down 1.2% as traders continued to use the stonk as a proxy to bet on the outcome of the election.

The volatility escalated quickly after hours as results began to trickle in…

+ The good news is that Super Micro Computer (+6.4% // -15.8% after hours) reported some earnings.

The bad news is that those results are unaudited (friendly reminder: earlier this week, SMIC’s auditor, EY, went all f*ck that noise and resigned).

The worse news? Still no word of when we'll get the company's annual results... from the previous fiscal year.

“Oh, so SMCI definitely just lied about having a really great quarter since they didn't have some pesky auditor checking their work, right?” - you, probably

Nope. The server maker missed revenue expectations and offered up pretty pathetic guidance.

And just in case you thought things couldn't get much worse, SMCI is at risk of being delisted by the Nasdaq exchange. Life comes at you fast.

+ Think the Boeing machinists had a case of the Sunday scaries?

The 33k union workers return to building airplanes that fall out of the sky today after striking a deal with BA (-2.6%) late Monday. The Boeing workers will get a pay raise of more than 40% over the next 4 years, plus a $12k signing bonus… which I’m pretty sure is more than Caitlin Clark’s.

Still, not everyone was stoked about the deal. Only 59% of workers voted in favor of the deal. The remaining 41% were presumably butt hurt that Boeing wouldn’t budge on re-instating the company’s pension. Imagine thinking Boeing could keep a pension funded…

+ Not that anyone was paying attention… but Nvidia (+2.8%) dethroned Apple (for the second time) to become the world’s most valuable company.

⏪ Yesterday, Ferrari, DuPont, Apollo, and GlobalFoundries reported before the bell. And Super Micro Computer, Coupang, and Trivago dropped earnings yesterday after the close.

⏩ Today we’re keeping an eye on…

+ Celsius, Toyota, CVS Health, Honda, and Brookfield report this morning

+ Qualcomm, Arm, Mercado Libre, Duolingo, Lyft, Applovin, HubSpot, AMC, Zillow, Dutch Bros., Faraday Future, Joby, Beyond, Virgin Galactic, and Oddity drop earnings after the close

+ We’ll be dealing with the fallout from election day

Yesterday, I asked, “Who will be the next President of the United States?”

68.1% of you think Trump will prevail. By the time you’re reading this, we may or may not know if you’re right.

Oh, and one more thing…

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.