Business Bites

Business Bites.

In this weeks issue you can expect…

Table of Contents

• Business Bites.

  • Austin Tsosie and Diné Development Corporation

  • Eric Williams and Unified Defense

  • Brian Goldman and Big Blue Bug Solutions

  • Sources:

  • Market Recap

  • Secure Performance

  • Day-to-Day Movement Summary

  • Sources:

  • Updates.

Austin Tsosie and Diné Development Corporation

Austin Tsosie, CEO of Diné Development Corporation (DDC), has led the company to remarkable growth and success. DDC, a for-profit holding company formed by the Navajo Nation, aims to generate economic prosperity for the Navajo people. Under Tsosie’s leadership, DDC has expanded from eight subsidiaries to twelve and increased its workforce from 573 to 800 employees. The company recently acquired a business intelligence software subsidiary, enhancing its service offerings to clients like the U.S. Air Force. Tsosie’s focus on growth and commitment to the Navajo heritage has set DDC apart, with the company on track to generate $175 million in revenue this year.

Eric Williams and Unified Defense

Eric Williams, owner of Unified Defense, was named Georgia’s 2024 Small Business Person of the Year by the U.S. Small Business Administration. Williams founded Unified Defense in 2016, specializing in designing and manufacturing ground support equipment and metal goods for commercial and government sectors. Despite challenges, including securing financing for his business property, Williams successfully navigated these obstacles with the help of the University of Georgia Small Business Development Center. His company has grown from five to 220 employees and continues to thrive, contributing significantly to the local economy in Middle Georgia.

Brian Goldman and Big Blue Bug Solutions

Brian Goldman, CEO of Big Blue Bug Solutions, was recognized as Rhode Island’s Small Business Person of the Year for 2024. Big Blue Bug Solutions, based in Providence, has been a leader in pest control services for decades. Under Goldman’s leadership, the company has expanded its services and maintained a strong commitment to customer satisfaction and community involvement. Goldman’s dedication to excellence and innovation has earned him this prestigious award, highlighting the impact of small businesses on local economies.

Sources:

1. Vistage

2. University of Georgia Small Business Development Center

3. 13WMAZ

4. RINewsToday

Market Recap

• Dow Jones Industrial Average (DJI): Closed at 41,914.75, up by 520.97 points (1.26%).

• NASDAQ Composite Index (COMP): Closed at 18,190.29, up by 506.31 points (2.86%).

• S&P 500 Index (INX): Closed at 5,740.45, up by 114.43 points (2.03%).

Secure Performance

• Safe Stocks: Some of the safest stocks to consider in a volatile market include those with high-quality ratings and consistent performance. Examples include companies with strong balance sheets and stable earnings such as Adobe Inc. (ADBE), Comcast Corp. (CMCSA), and Salesforce Inc. (CRM).

• Safe Investments: Options like Treasury bills, notes, and bonds, money market mutual funds, and high-yield savings accounts are considered secure investments, offering modest growth and liquidity^.

Day-to-Day Movement Summary

• Monday: The market opened with a positive sentiment, with all major indices showing slight gains. The Dow Jones, NASDAQ, and S&P 500 all closed higher than their opening values, indicating a strong start to the week.

• Tuesday: The market experienced some volatility, but overall, the indices managed to maintain their upward trajectory. The Dow Jones and NASDAQ showed modest gains, while the S&P 500 remained relatively stable.

• Wednesday: Midweek trading saw a continuation of the positive trend, with the Dow Jones and NASDAQ both closing higher. The S&P 500 also saw a slight increase, reflecting investor confidence.

• Thursday: The market showed resilience despite some fluctuations. The Dow Jones and NASDAQ continued their upward movement, while the S&P 500 remained steady, indicating a balanced trading day.

• Friday: The week ended on a high note, with all major indices closing higher than their opening values. The Dow Jones, NASDAQ, and S&P 500 all showed gains, capping off a positive week for the stock market.

Sources:

• 8 Safe Stocks to Buy in a Volatile Market

• S&P 500 Average Return and Historical Performance

• NASDAQ Composite Index

• 7 Best Safe Investments Of September 2024

• S&P 500 Index

Updates.

Share this newsletter with friends and on socials. We are working on getting Business Bites out twice weekly!

Thank you as always for sticking with us through thick and thin. Your support is always greatly appreciated.

Cheers to good business and great people!

-Donagan Anderson, Founder of ProCNKT and Editor of ProCNKT Weekly