Daily Updates: Exploring Alternatives for Breakfast

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Daily Updates: Exploring Alternatives for Breakfast

| Tuesday's Market Insights || --- || S&P 5005,894 (+0.39%) || Nasdaq18,792 (+0.60%) || Dow43,390 (-0.13%) || Bitcoin91,880 (+2.99%) |

1. Could Google Surrender Chrome?

The Department of Justice is planning to push Google's Parent Company Alphabet (GOOGL -1.11%) (GOOG -1.16%) to sell its Chrome browser, according to Bloomberg.

  • Finding a Workaround: In August, Judge Amit Mehta ruled that Google had an unlawful monopoly in online search. Several remedial suggestions have been proposed, but none have been confirmed.
  • Chrome Leads With 61% U.S. Market Share: The government can propose the sale of Google Chrome, but ultimately Judge Mehta will make his own recommendations. Alphabet would then have the chance to appeal.

2. Roblox's Child Safety Focus

Roblox (RBLX -0.02%) plans to implement changes as early as next week to help protect children, due to concerns surrounding child safety.

S&P 5005,894 (+0.39%)

  • "Making All Users Safe is Our Top Priority:" Roblox's safety chief emphasized this focus, with new measures including blocking under 13s from direct messaging, giving parents more control, and allowing guardians to set time limits.
  • Thoughts from Our Website CIO Andy Cross: "This is a positive move so the company can fulfill its promise that child safety is its top priority. After falling as much as 30% earlier this year, Roblox is now up 19%."

3. Bitcoin ETF Options Expansion

Nasdaq18,792 (+0.60%)

The Options Clearing Corporation has announced that options trading on one of the most popular Bitcoin (BTC 2.97%) ETFs from BlackRock (BLK -0.21%) is set to begin today.

  • Options Buzz: Investors will now be able to buy options on iShares Bitcoin Trust ETF (IBIT 1.74%), highlighting the growing integration of various financial derivatives in the expanding crypto market.
  • Capitalizing on Greater Demand: The ETF's assets under management have surged to $43 billion, making it easier for institutional investors to access.

Dow43,390 (-0.13%)

4. Lower Expectations for Lowe's Earnings

Lowe's (LOW -0.42%) is set to report Q3 earnings before market open, with analysts predicting a decline in performance.

Bitcoin91,880 (+2.99%)

  • Decrease in DIY Spending: Revenue is projected at $19.91 billion, dipping by 2.7% from Q3 2021. Adjusted earnings per share is forecasted to be $2.81, decreasing by 8.2% from Q3 2022.
  • Construction on the Horizon: Various second-tier economic data will also be released on Tuesday, including manufacturing data via Building Permits and Housing Starts, along with comments from Jeff Schmid, President of the Kansas City Fed.

5. Fun with Nvidia's Earnings

Nvidia (NVDA -2.25%) will report earnings on Wednesday. We all know that Nvidia has been a successful investment for many of us. With big gains come big questions!

Is there a portion of your portfolio that you won't allow any one stock to exceed? Share your thoughts, or *join the community* to hear what other investors are discussing!

  1. Investors might be interested in diversifying their portfolio beyond tech giants like Alphabet, considering potential actions against Google's Chrome by the Department of Justice.
  2. If you're interested in cryptocurrency, you might consider monitoring options trading on popular Bitcoin ETFs, such as the iShares Bitcoin Trust ETF, which is seeing an increase in institutional investment.

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