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Top Themes of the Week

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CrimsonRock
Oct 22, 2023
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The market is in a rocky state with the S&P down 2.4% and the Nasdaq down 3.2%. Geopolitical tensions and rising treasury yields are causing concern. The 30-year yield crossed 5%, and the 10-year came close. On the bright side, September's retail sales exceeded expectations, and jobless claims were positive.

Top Tech


Spotify SPOT 0.00%↑ has unveiled an exclusive in-app Merch Hub, which offers personalized merchandise suggestions tailored to your music preferences. This feature provides a central location to explore and view artist merchandise. Within the hub, users can conveniently browse and click on merchandise items to access additional details.

Four screenshots of Spotify's new merch hub
Spotify is launching a personalized in-app Merch Hub

Amazon AMZN 0.00%↑ is implementing two new automation technologies in its US warehouses. Sequoia, a new operational tech, streamlines processes by reducing the time it takes to identify and store received inventory, improving order processing times by up to 25%, and enhancing shipping predictability. Additionally, it allows Amazon to list items for sale more quickly. Meanwhile, Digit, a 5' 9" humanoid robot, will assist employees in consolidating totes that have been emptied of items. These advancements complement Amazon's existing workforce of over 750,000 robots that collaborate with human employees, streamlining operations and enhancing customer service.

Amazon now has 10,000 Rivian electric delivery vehicles in operation, part of their goal to have 100,000 electric delivery vans on the road by 2030.

Amazon and Rivian unveil their final custom Electric Delivery Vehicles (EDV) in Chicago
Amazon says it has 10,000 Rivian electric vans in its delivery fleet

Meta META 0.00%↑ extends its "broadcast channels" feature to Facebook and Messenger after introducing it on Instagram and WhatsApp. Creators and public figures can use this feature to engage with followers.

Meta's broadcast channels feature shown on Facebook and Messenger
Meta is bringing its Telegram-like broadcast channels to Facebook and Messenger

Meta introduces a feature allowing users to block Instagram from collecting their data across apps and websites, providing greater control over data privacy.

An image showing the “Your activities off Meta” feature within the Accounts Center
Meta will now let you stop Instagram from tracking you across the web

Consumer Staples

Retail sales exceed expectations, rising 0.7% on the month, with notable increases in various sectors, including online sales.

S&P 500 Consumer Staples Inde

Walmart WMT 0.00%↑ is even encouraging small businesses to join its third-party marketplace and offers fulfillment services to sellers.

Walmart hosted its first seller summit for its third-party marketplace this summer. At the invitation-only event, CEO Doug McMillon made his pitch on why small businesses and brands should work with the retail giant.
Walmart beefs up its third-party marketplace as it challenges bigger online rival Amazon

Target TGT 0.00%↑ is also expanding its Roundel retail media network.

Talenti makes use of Roundel's new shoppable CTV format
A new self-service tool, more premium publisher partners and a shoppable CTV format are a focus for Roundel.


Sports

NBA media rights discussions hint at fewer games on ESPN and TNT, while introducing a new streaming package remains a possibility, though details are unclear.

LOS ANGELES, CA - NOVEMBER 07:  A view of the NBA official basketball during a NBA game between the Cleveland Cavaliers and the Los Angeles Clippers on November 7, 2022 at Crypto.com Arena in Los Angeles, CA. (Photo by Brian Rothmuller/Icon Sportswire)
ESPN, TNT, weighing smaller piece of NBA pie

StubHub reports a 60% increase in ticket sales, with the Los Angeles Lakers as the most in-demand team.

Anthony Davis, #3 of the Los Angeles Lakers, drives to the basket during the game against the Milwaukee Bucks at Crypto.com Arena in Los Angeles on Oct. 15, 2023.
StubHub sees 60% jump in ticket sales for NBA season as international interest surges

Netflix NFLX 0.00%↑ plans a golf match, the Netflix Cup, featuring Formula 1 drivers and PGA Tour golfers.

(L-R) Collin Morakawa, Carlos Sainz, Rickie Fowler and Lando Norris split
Netflix Steers Into Live Sports With ‘Drive to Survive,’ ‘Full Swing’ Stars
$NFLX

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