In partnership with
The Next Breakout Might Be in Your Pocket
Everyone’s hunting for the next Unicorn.
The type of “category disruptor” that grows fast and turns early believers into big winners.
59,000+ investors think that Mode Mobile could be one of those rare finds.
Americans spend 4 ½ hours on their phones daily, and Mode Mobile is monetizing that screentime. With $1B+ earned by over 490M customers and 32,481% revenue growth, Mode’s EarnPhone is turning smartphones into income generating assets.
Their previous raises sold out, and the company is now offering pre-IPO shares at $0.52/share with up to 20% bonus, exclusive to early investors.
Being early is everything, and this window is still open.
*Please read the offering circular and related risks at invest.modemobile.com.
Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
Good morning. Yesterday the Dow set another record while the Nasdaq fell, Eli Lilly reported the numbers we asked you to practice on, and two companies beat expectations and got punished for it anyway. Today, SpaceX faces a very different kind of test.
The Market Gauge
Wednesday split apart. The Dow Jones Industrial Average rose 0.49% to 54,349.12, touching a fresh high during the day, while the S&P 500 slipped 0.17% to 7,723.55 after setting an all-time intraday best of its own, and the tech-heavy Nasdaq fell 0.83% to 26,363.44 following its strongest four-day run in more than a year. Small caps eased 0.6%. Nvidia rose 3.4% and did most of the work holding the Dow up. Pulling the other way: Alphabet fell 4% on news of high-profile departures from its AI teams, Advanced Micro Devices dropped 7%, and Astera Labs lost 12%, both back below their 50-day lines. Crude oil eased 0.7% to $75.22 and the 10-year Treasury yield settled at 4.62%, down 11 basis points on the week.
Beginner note: yesterday handed you a clean controlled experiment. SpaceX beat expectations in its first report as a public company and fell 13.6%. Western Digital topped consensus on both earnings and guidance and dropped more than 10% after hours. Eli Lilly beat and rose 4.86%. Same earnings season, opposite outcomes. The difference is not whether they beat, it is what they said about what comes next. SpaceX pointed to heavy spending ahead; Lilly raised its forecast for the year. This is why "forward guidance" sits in the five numbers we gave you last Friday. The quarter that just happened is already in the past by the time you read about it. The market is pricing the quarters that have not happened yet.
Your Lilly homework, graded
Last Friday we asked you to write down what a good Eli Lilly report would look like, then read the release yourself before any headline. Here is the answer key, in the order we taught it.
Revenue and its growth: $22.97 billion, up about 48% from the same quarter a year ago, driven by Mounjaro and Zepbound.
Earnings per share: $8.38, ahead of expectations. One flag worth catching: that is the adjusted, non-GAAP figure. Thursday's lesson last week told you to find the GAAP number too before trusting a beat. Go look for it.
Forward guidance: raised, to $85 to $87 billion in revenue for the full year. This was the decisive one.
Operating margin: we are deliberately not handing you this one. It is in the release. Finding it is the exercise.
The market's verdict: the stock closed at $1,169.86, up 4.86%, after going into the report below both a buy point and its 50-day line.
That is the C in practice. Not a feeling about a company, but a repeatable five-step read you can run on any report in about five minutes, and a habit of forming your own view before the headlines form it for you.
On today's calendar
SpaceX's lockup expires, and its float more than doubles. When a company goes public, insiders are barred from selling for a set period. That period ends today, so the number of shares actually available to trade roughly doubles overnight. More supply meeting the same demand is a headwind that has nothing to do with the business. Worth watching precisely because it is a price event, not a company event.
More earnings before the open: Datadog, Howmet Aerospace, ATI, Ligand Pharmaceuticals and Oscar Health.
Memory chips are still digesting. Sandisk fell after hours on mixed guidance despite another surge in earnings, and Western Digital dropped more than 10% overnight despite beating. Both had already fallen 5.4% during Wednesday's session.
On the radar: Shopify
$SHOP ( ▲ 1.66% ) provides the software that lets businesses run online stores, from a one-person shop to a large brand. It reported yesterday with revenue of $3.58 billion and earnings of $0.42 per share, and raised its outlook for the current quarter. The stock closed at $144.24, up 16.98%, back above its 200-day average line.
Why it is worth watching: look past the headline percentage at the shape of the day. Shopify opened at $150.12 and ran to $153.86, which was nearly 25% above the previous close. It finished at $144.24. In other words, everyone who bought in the first minutes of the day, on the strength of a genuinely good report, ended the session underwater. The gap up was real and the news was real, and chasing it still lost money on day one. This is the practical reason experienced traders wait for a stock to settle after an earnings gap rather than buying the open. The move that matters usually takes weeks, and it rarely starts at the high tick of the first morning.
ONE FOR THE ROAD
SpaceX beat expectations and fell 13.6%. Eli Lilly beat and rose 4.86%. In one sentence, what did Lilly say that SpaceX did not? Reply with your answer.
Educational content only. Not financial advice. Past performance does not predict future results. Read the full financial disclosure.