📈 Historic surge

Meta’s $197 Billion surge is biggest in stock-market history, Senate releases $118 billion bipartisan aid proposal, Gold prices to hit $2,200, Bezos to sell up to 50 million Amazon shares, and Trump floats 60% tariffs on Chinese imports. Full briefing ahead, but first…

Author

Smart Owl
February 05, 2024

Good morning.

The Fast Five → Meta’s $197 Billion surge is biggest in stock-market history, Stock Market’s ‘Rah-Rah Mob’ Confronts February’s Weak Record, Gold prices to hit $2,200, Bezos to sell up to 50 million Amazon shares, and Trump floats 60% tariffs on Chinese imports…

📈 Ready to Boost Your Trading Game? Subscribe to Our Partner's Newsletter for Top-Notch Stock Trading Insights, Expert Analyses, and Market News. Don't Miss Out on Valuable Information – Stay Informed, Trade Smart! 🚀💹

Please support my sponsors *Enable Select All and Click Continue* 

It’s how I pay the bills to keep this newsletter free :)

Please check your email to confirm the subscription. Thank you

Your 5-minute briefing for Monday, February 5:

BEFORE THE OPEN

As of market close 2/2/2024. Bitcoin as of 2/4/2024.

PRE-MARKET

MARKETS

  • US stocks closed higher while the S&P notched a fresh record high thanks to strong big tech earnings and a better-than-expected January jobs report

  • The Nasdaq led indices with a 1.74% gain

EARNINGS

  • ExxonMobil reported higher-than-expected Q4 profit but missed on revenue; quarterly profit declined significantly YoY due to lower oil prices (link)

  • What we're watching this week:

    • Today: McDonald’s, Caterpillar, Palantir

    • Tuesday: Eli Lilly, Snap, Spotify, KKR

    • Wednesday: PayPal, Walt Disney, Uber, Alibaba, CVS

    • Thursday: Apollo Global, ConocoPhillips, Affirm, Pinterest, Cloudflare

    • Friday: PepsiCo 

  • Full calendar here

NEWS BRIEFING

Stock also holds record for the biggest wipeout in history. Shares surge after big earnings beat, buyback, dividend plans.

This month is historically among the three worst for equities. Building bullish sentiment, Fed signals also raising red flags.

  • Vision Pro debut brings a new shopping experience to Apple (link)

  • Jobs growth of 353k blasts past expectations as labor market stays hot (link)

  • Powell says Fed is wary of cutting rates too soon (link)

  • Gold prices to hit $2,200 and a ‘dramatic’ outperformance awaits silver in 2024, says UBS (link)

  • Bezos to sell up to 50 million Amazon shares by Jan. 31 next year, filing shows (link)

  • Trump floats ‘more than’ 60% tariffs on Chinese imports (link)

  • Big Tech stocks find little room for error after monster run (link)

  • Wall Street gets laser eyes in bid for Bitcoin ETF bucks (link)

  • New Macy’s CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance (link)

  • Chinese turn US embassy post into “Wailing Wall’ for stock plunge (link)

  • Growth funds rose 3% to start the year (link)

  • Boeing is reworking 50 undelivered 737 MAX jets over fuselage issue (link)

  • Hedge funds’ mega returns set off demand spiral for catastrophe bonds (link)

  • Midair fires and malfunction surge on Russia’s planes as sanctions bite (link)

  • RBA set to hold rate at 12-year high as bank overhaul begins (link)

  • Senators reach deal on Ukraine aid and US border, but hardline Republicans still a threat (link)

  • Facebook turns 20: from Mark Zuckerberg’s Harvard dorm room to the Metaverse (link)

  • Taylor Swift announces new album after her 13th Grammy win (link)

CRYPTO

  • US Bitcoin miners are consuming the same amount of electricity as the entire state of Utah (link)

  • The Grayscale Bitcoin Trust’s conversion into an ETF has eliminated its double-digit price to net-asset value discount (link)

You Can Sponsor this Newsletter details here.​

BULLISH BITES

👗 Agree? It's time for VCs to break up with fast fashion.

🏝 Acquisition: Google cofounder Larry Page quietly bought a Puerto Rico island for $32 million, bringing the total number to at least five.

🙁 Saga: The rise and fall of Bitboy.

🌎 Did you know: More Americans are working remotely for international companies—here’s where they live.

FEATURED TRADES

Creative Realities (CREX): Digital Signage Leader

Creative Realities, Inc. (ticker: CREX) is a technology company that provides innovative digital marketing solutions including digital signage, digital merchandising, mobile applications, and other technology-enabled experiences, primarily to retail, entertainment, healthcare, and corporate sector clients.

Ticker: CREX | Price: $2.92 | Price Target: $7.25 (+148%)

Market Cap: $30M | Timeframe: N/A

🪧 Digital Signage | 📈 Bullish Idea

Read the full article here. Read time: 9 min

DAILY SHARES

Keep the curation going! Buy the team a coffee ☕️