The metaverse actually looks like fun.
As we reported here:
“Big names are jumping into the metaverse. All for a piece of a potential $8 trillion market. On top of that, big brands are jumping at the opportunity. Nike, Coca-Cola, Gucci, CVS, the list goes on… they all want a piece of the market. Celebrities, like Snoop Dogg just released the first music video filmed in the metaverse. He also bought digital real estate there. In fact, someone even paid $450,000 to be his neighbor.”
Now, even Chipotle is jumping into the digital world.
In fact, you can roll your own burrito, but you can’t eat it – at least not yet.
If you can successfully roll a burrito, you can earn “Burrito Bucks,” and exchange for a real burrito. According to The Sun, “The event starts on April 7, which happens to be National Burrito Day. Only the first 100,000 Roblox players who roll a successful virtual burrito can earn the real-life food.”
With the metaverse story only starting to boom, it could become a hot investment.
Markets
- The Dow is down another 51 points to 34,348
- The S&P 500 is down half a point to 4,475
- The NASDAQ is up about 10 points to 14,514
- Gold prices are up $2.77 to $1,926.80
- Bitcoin is down 2.7% to $43,676.77
- Oil prices are up $1.76 to $97.99
- The VIX is up slightly to 22.20
Trading Tips
The Federal Reserve was wrong on inflation.
In fact, most of us knew it was never transitory.
Even Allianz Chief Economic Advisor Mohamed El-Erian said, “The characterization of inflation as transitory is probably the worst inflation call in the history of the Federal Reserve, and it results in a high probability of a policy mistake,” as quoted by CNBC.
The Fed even raised rates a quarter point at its last meeting to help.
Unfortunately, inflation is still too hot. So, where should we invest? Click here.
Insider Buying: Luminar Technologies (LAZR)
President and CEO, Austin Russell just bought another 14,800 shares of LAZR on April 5 at $15.66 a share. LAZR works with lidar — an essential piece of the self-driving puzzle. It’s what allows the computers to take a 3D image of the area around them.
The sensors can then measure the range or speed of objects, bounce lasers off the objects, and be able to calculate its distance to the car. Essentially, it’s the eyes and ears of autonomous vehicles, and helps the car avoid hitting people, animals, and other cars.
LAZR is also expected to report Q1 2022 earnings on May 5, 2022 after the bell.