Billionaires Boast The 3rd Largest GDP

Plus, retail traders haven't given up hope

Author

Brandon Harris
April 07, 2025

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Hundreds of investing and finance newsletters hit my (and maybe your) inbox every week. This is the best of the best.

This week:

  • 💸 Forbes’ Big Billionaire List Is In

  • ⛏️ Trump Family Digs in to Bitcoin Mining

  • 📺 Newsmax Isn’t Such a Conservative Stock

  • 📊 Retail Traders Still Believe In the Bull

  • 🌍 Critical Metals Is on to Something in Greenland

  • 💊 Hims & Hers Offers to Slim Curves

  • 🤔 3 stocks to consider

With how quickly the market and investment climate is changing right now, we can’t afford to not stay up to date… You can always read the latest and most relevant finance news & updates at FinanceWrapped.com.

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💸 World's Wealthiest Hit New Heights

The billionaire class has reached unprecedented heights, with a record 3,028 individuals worth a combined $16.1 trillion, more than every country's GDP except the US and China.

Elon Musk leads the pack at $342 billion, followed by Mark Zuckerberg and Jeff Bezos. The US represents 902 billionaires; China and India follow with 516 and 205, respectively.

⛏️ Trump Family Enters Bitcoin Mining Venture

Donald Trump Jr. and Eric Trump are merging their American Data Centers with Hut 8 to create American Bitcoin, taking a 20% stake in the new venture.

The deal combines 61,000 mining machines and aims to build a bitcoin reserve by retaining mined coins. Eric Trump, who will serve as chief strategy officer, compares bitcoin's properties to real estate.

📺 Newsmax Stock Soars 2,200% in Market Debut

Conservative news channel Newsmax has stunned Wall Street with an extraordinary market debut, surging 2,200% above its $10 IPO price in just two days.

The stock now values the company at over $29 billion, despite posting a $72 million loss on $171 million revenue in 2024.

📊 Retail Traders Pour Billions Into Falling Market

While Wall Street makes its largest-ever reduction in US equity exposure, retail investors have boldly invested $67 billion into declining stocks.

Despite the S&P 500 dropping 4.69% this year, individual investors remain steadfast buyers, with net selling occurring on only seven trading days. Professional investors, meanwhile, are shifting toward international markets and safer assets.

🌍 Critical Metals Uncovers Greenland Goldmine

Critical Metals has announced a groundbreaking Preliminary Economic Assessment for their Tanbreez project in Greenland, revealing one of the world's largest rare earth deposits.

The project, valued at $3 billion, contains 4.7 billion metric tons of rare earth-bearing rock, though current plans only utilize about 1% of the total deposit. Initial production targets 85,000 tons of rare earth oxides annually.

💊 Hims & Hers Pivots to Zepbound After FDA Ruling

Telehealth company Hims & Hers is adapting to new FDA restrictions by offering Eli Lilly's Zepbound weight-loss drug on its platform.

The move comes after the FDA ended the shortage of semaglutide, limiting Hims' ability to produce compounded versions that generated $230 million in 2024.

Stock ideas

Here are three of my favorites from this past week.

Analysis provided by ​public.com​.

Remember to always DYOR.

Equinix, Inc.

Bullish Case

  • Global Digital Infrastructure Leader: Equinix operates as the world's digital infrastructure company, providing essential interconnection services.

  • Steady Revenue Stream: As a specialized REIT with a 2.34% dividend yield, Equinix offers investors exposure to data center growth while providing dividends.

  • Strategic Market Position: With a substantial $78.2 billion market cap, Equinix has the scale and resources to weather market fluctuations.

Bearish Case

  • AI Data Center Capex Slowdown: Equinix faces challenges from decelerating AI-related capital expenditure, with utilization rates falling to 78%.

  • Deteriorating Financial Metrics: Free cash flow has dropped 73% since 2022, with the company increasingly reliant on debt and share issuance to fund operations.

Civeo Corporation (CVEO)

Bullish Case

  • Activist Catalyst: Engine Capital has built a 5.5% stake in Civeo, pushing for strategic changes and capital return from the company's impressive 23.6% free cash flow yield.

  • Diversified Revenue Streams: Once cyclical, Civeo has transformed by diversifying its product and customer base across Canada, Australia, and the US.

  • Strong Industry Tailwinds: Demand for temporary workforce housing provides steady EBITDA generation with declining capital requirements.

Bearish Case

  • Commodity Price Vulnerability: Despite diversification efforts, a steep decline in resource prices could reduce new project development and impact occupancy rates.

  • Contract Renewal Risk: Although Civeo's contracts include guaranteed minimum occupancy, future renegotiations could lead to lower rates.

Kohl's Corporation (KSS)

Bullish Case

  • Significant Real Estate Value: Kohl's owns 410 of its 1,150 stores with a conservatively estimated portfolio value of $4 billion.

  • New Leadership Catalyst: Recently appointed CEO Ashley Buchanan brings impressive ecommerce experience from Walmart.

  • Strong Cash Flow Generation: Despite retail headwinds, Kohl's has averaged over $1 billion in annual free cash flow over the past decade.

Bearish Case

  • Declining Sales Trajectory: Net sales decreased by 7.2% in FY 2024, with management projecting a further 5-7% decline in the upcoming fiscal year.

  • High Short Interest: Approximately 50% short interest reflects significant market pessimism about Kohl's future, with concerns about its ability to adapt.

💙 That’s a wrap

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  • Nothing above is financial advice