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š Flutter debut
Draftkings challenger Flutter lists on the NYSE, Blackrock upgrades US stocks, popular āSmartlessā podcast leaves Amazon for $100M SiriusXM deal, Sen. Warren pushes Powell to cut āastronomicalā rates, and Musk says first human has received brain implantā¦
Good morning.
The Fast Five ā Draftkings challenger Flutter lists on the NYSE, Blackrock upgrades US stocks, popular āSmartlessā podcast leaves Amazon for $100M SiriusXM deal, Sen. Warren pushes Powell to cut āastronomicalā rates, and Musk says first human has received brain implantā¦
Calendar:
Wednesday, 1/31: Fed interest-rate decision, 2:00p ET
Friday, 2/2: US unemployment rate, 8:30a ET
Your 5-minute briefing for Tuesday, January 30:
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BEFORE THE OPEN
As of market close 1/28/2024.
PRE-MARKET
MARKETS
US stocks rose and the S&P closed at a fresh high ahead of this weekās big tech earnings and the Fedās rate decision
The Nasdaq led indices with a 1.12% gain
EARNINGS
What we're watching this week:
Today: Microsoft, Alphabet, AMD, Starbucks, GM, UPS, JetBlue
Wednesday: Qualcomm, Boeing, Novo Nordisk
Thursday: Apple, Amazon, Meta, Royal Caribbean, Altria
Friday: Exxon, Chevron, Bristol Myers Squibb, AbbVie, Cigna
Full calendar here
NEWS BRIEFING
FanDuel parent Flutter listed on the New York Stock Exchange, its first U.S. listing, under the ticker symbol FLUT. Jefferies analysts believe Flutter could get a 20% premium on DraftKingsā valuation.
The popular interview program has spent three years at Amazon. Actors Will Arnett, Jason Bateman and Sean Hayes host the show.
Sen. Elizabeth Warren pushes Fed Chair Powell to cut āastronomicalā rates, ease housing pressure (link)
BlackRock upgrades US stocks, says AI-driven rally could broaden this year (link)
Oil steady as market waits for US response to deadly attack (link)
Bank mergers face tougher, slower process under OCC proposal (link)
Amazon is now charging prime members extra for ad-free streaming (link)
Elon Muskās Neuralink implants brain tech in human patient for the first time (link)
Top Goldman Sachs executive to depart (link)
JPMorganās Kolanovic sees tech earnings testing rich valuations (link)
NASCAR president talks new streaming deal, says Amazon is āhere to stayā in sports (link)
Cathie Wood buys Tesla stock as stock tumbles 25% this year (link)
Treasury cuts quarterly borrowing estimate to $760B (link)
Netflix co-founder gives $1.1B in shares to Silicon Valley Charity favored by billionaires (link)
Alaska Airlines plane appears to have left Boeing factory without critical bolts (link)
CRYPTO
Invesco and Galaxy Asset Management cut their spot Bitcoin ETF expense ratio from 0.39% to 0.25% (link)
Global crypto funds saw ~$500M in outflows last week (link)
BULLISH BITES
š Good vibes: The 3 big reasons Americans are suddenly psyched about the economy.
āļø Today: Starbucks to launch olive oil-infused Oleato drinks across the US - the same day as fourth-quarter earining.
š FYI: High-yield savings account vs. a CD: Whatās the difference?
š° Who knew: Walmart store managers can make up to $400,000 with stock grants.
FEATURED TRADES
Before-Merger Arbitrage ($PARA)
Paramount Global, formerly known as ViacomCBS, is an American multinational media conglomerate that focuses on television, film production and distribution, and interactive media, with well-known brands such as Paramount Pictures, CBS, MTV, Nickelodeon, and Showtime.
Ticker: PARA | Price: $13.75 | Price Target: $40.43 (+194%)
Market Cap: $9B | Timeframe: N/A
š„ Entertainment/Media | šØ Event Driven | š° 1.5% Dividend | š Bullish Idea
Read the full article here. Read time: 12 min
DAILY SHARES
This is 9/11 for 37 year old white women with leased Escalades
ā Chris Bakke (@ChrisJBakke)
5:16 AM ā¢ Jan 29, 2024
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