- GRIT
- Posts
- McDoughnuts: A Sweet Partnership
Good Morning!
Here’s what’s moving the markets today:
👉 Mcdonald’s lands partnership
👉 Adam Neumann offers WeWork
👉 China sends out special invites
Plus…
STOCK MARKET MADNESS IS LIVE 📈
Click HERE to view our bracket! 🏀 Stay tuned tomorrow morning with results from ROUND ONE! 🥊
What will be the biggest upset in round one? 🏀 |
Each day, we will see which stock performed the best and mark it as the winner! Follow along now HERE. The madness ends April 1st.
McDonalds: Lands Partnership
McDonald’s plans to offer Krispy Kreme doughnuts nationwide by the end of 2026 after a successful test phase. This move will make McDonald’s the sole fast-food outlet for Krispy Kreme in the U.S. Krispy Kreme will expand its distribution to meet this new demand, initially targeting around 6,000 of McDonald’s 13,500 locations. The announcement boosted Krispy Kreme’s stock by nearly 20%.
Source: RetailFact
This partnership aims to enhance McDonald’s breakfast and bakery options, with customers able to buy a variety of Krispy Kreme doughnuts all day. As a result, Krispy Kreme expects to increase its global presence significantly.
🎯 GRIT TAKE: This is a massive partnership for …upgrade to VIP now for 50% off to read the full GRIT Take! 🏀
WeBack: Adam Neumann
Adam Neumann has offered to buy WeWork out of bankruptcy for over $500 million, a figure that could reach up to $900 million. The source of Neumann's funding is unclear, especially after reports about financial backing from Dan Loeb’s Third Point were disputed. Neumann, linked with his family office and a real estate project supported by Andreessen Horowitz, has shown renewed interest in WeWork, which he co-founded and eventually fired from.
Source: Bloomberg
WeWork filed for bankruptcy in 2023 and is trying to get back on its feet by shedding some of its leases. Neumann’s bid adds another twist to the company’s complex bankruptcy proceedings, especially as WeWork aims to cut costs by leaving less profitable leases, a move challenged by some landlords.
China: Special Invites
Several American business leaders in Beijing are changing their plans to meet with a top Chinese official, likely President Xi Jinping, on Wednesday. Although invitations didn't name Xi, insiders familiar with the plans believe he will be there, similar to a previous event in San Francisco. Notable executives, including those from Pfizer, FedEx, and Amway, are in Beijing for the China Development Forum. Some guests need to extend their trips for this meeting, while at least two can't make it due to other commitments.
Source: CNN
China is trying to boost confidence as foreign investment has dropped significantly, affected by U.S. tensions, pandemic policies, and strict security laws. Recently, China made it easier for companies to handle data across borders, addressing concerns from international businesses.
Headlines You Need To Know: 🎙
Chart of the Day
📊 Key Chip Suppliers For Apple Vision Pro
Source: CervKnowledge
GRIT Meme of the Day 😂
Tag GRIT Capital on social media for a chance to be featured in our meme or Tweet of the day in our GRIT daily newsletter! 👇
Source: @wallstbets
Do you have feedback to share? Click HERE.
Interested in being featured in our GRIT Newsletters? Click below!
The author, publisher or insiders of the publisher may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.
Grit is a publisher of financial information, not an investment advisor. Grit does not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient. Grit does not guarantee the accuracy or completeness of the information provided in this page. All statements and expressions herein are the sole opinion of the author or paid advertiser.
THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN. INVESTORS SHOULD OBTAIN INDIVIDUAL INVESTMENT ADVICE BASED ON THEIR OWN CIRCUMSTANCES BEFORE MAKING AN INVESTMENT DECISION
No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.
The author, publisher or insiders of the publisher may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.
Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable. They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and Grit undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.
Grit does not accept any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.
By using the Site or any related social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.
Please read: Terms of Use, Privacy Policy, Disclosure Policy, State Disclosure Policy, and Disclaimer Policy
If you have any questions please contact us at help@gritcap.io
Reply