- Super Micro stock rose 214% on strong #AI server growth, but concerns arise on competition in the AI server market.
- Demand for weight loss drugs is increasing, with Novo Nordisk leading in Europe. Employer interest in covering obesity treatments grows.
- Indian tech IPOs offer opportunities, but caution remains due to high pricing and post-IPO regulation.
- #Roku's Q4 loss met expectations, but streaming platform revenue is expected to struggle. Wedbush remains positive, Raymond James skeptical.
- Charter Communications' Q4 internet subscribers dropped unexpectedly, leading to a stock price decline #JPMorgan downgraded the stock.
- Strong Q4 earnings season with significant earnings beats from S&P 500 companies like Amazon, Meta, Apple, Chevron, Exxon Mobil, Merck & Bristol-Myers Squibb.
- Intuitive Machines' stock soared for the second day due to a positive mission update, drawing attention to the moon mission.
- #Dropbox stock plunged 18% on weak revenue and user decline. Analysts downgrade the stock due to lower recurring revenue and paying users.
- #US #stocks continue to outperform international ones, with the S&P 500 trading at 21 times expected earnings in 2024.
- Hedge fund #Citadel Advisors' 13F filing shows new buys, top holdings, and option bets, including notable adds like Disney, Micron, and Oracle.
- President #Biden urges lawmakers to pass railway safety legislation in the aftermath of a train derailment in Ohio.
- Novo Nordisk acquires three manufacturing facilities from Novo Holdings for $11bn, increasing filling capacity for diabetes and obesity drugs.
- #Apple to introduce AI in next iOS version, with speculations of AI-powered Siri and AI software tool for developers. Shares down 0.3% in premarket trading.
- #Coinbase reports Q4 earnings that beat estimates, driving a 15% surge in stock price. Revenue reaches $954M.
- #Nike to cut 2% workforce, aiming to save $2bn in 3 years through restructuring.
- #Coinbase Global shares surge 12% on strong trading volumes and optimism for bitcoin ETFs. Q1 transaction revenue of $320m exceeds expectations.
- Applied Materials beats earnings expectations in Q1, CEO expects outperformance in chip tech.
- Trade Desk reports strong Q4 results, with revenue at $606M and positive Q1 outlook.
- OpenAI wows with text-to-video AI and takes on Google with a web-search tool.
- #Tesla delivers 1.8M cars in 2023 (+40% YoY), but 2024 earnings expected to decline 20%.
- Gabon's national oil company buys Carlyle's Assala Energy for $1.3bn, expecting boosted finances and natural resource management.
- #Stockmarket resilient despite delayed rate cut, S&P 500 hits record highs. Shake Shack surges, Wendy's misses in the burger war marketing. Discretionary spending slows in January
- Eni's gas & LNG division reports Q4 profit of €1.64bn, plans to buy back €2.2bn in shares.
- #Starbucks opens inclusive cafe for customers & employees with disabilities, more stores to follow suit.
- #Bitcoin's rally drives crypto market cap to 2-year high, Coinbase stock doubles.
- Nvidia shares up 1.5% with price-target upgrades, predicts 22% rise in data-center revenue.
- General Electric to split into GE Aerospace & GE Vernova, Vernova reports 2023 revenue of $33.2B.
- #Coinbase stock jumps 13% on first profit in 2 years, Q4 net income of $273M reported.
- S&P 500 hits 11th record high, DoorDash, Nike, DraftKings, and Roku report mixed results.
- #US #stocks outperform global markets, S&P 500 returns 28%, expect continued growth.
- #Fed may cut rates in May, #stock prices hit all-time highs.
- 28 organizations oppose #Meta Platforms' paid no-ads subscription, concerns about impact on GDPR protections.
- #Nvidia #stock surges, now 3rd largest company in S&P 500.
- Head of hardware at GM's Cruise self-driving unit resigns, adds to team's challenges.
- #Citadel Advisors discloses 13F holdings, notable new buys and significant share purchases.
- #Citadel Advisors added new positions in Disney, Micron Tech, and Oracle. Their largest bets are on Nvidia, Microsoft, and Amazon.
- The #US Federal Reserve released annual bank stress test scenarios, raising concerns over exposure to commercial real estate.
- #Exxon Mobil plans to choose Arkansas lithium tech by year end and aims to become a top producer by 2030.
- #DraftKings' Q4 revenue fell short of expectations, but YoY revenue increased by 44%. They acquired Jackpocket and raised their guidance for 2024.
- Jeff Bezos sold $2.03 billion of #Amazon shares, bringing his total sales this month to over $6 billion.
- Toast cut jobs and expects charges of $45-55 million. #Q4 #earnings beat expectations with 35% #revenue growth.
- #TheTrade Desk's stock surged 18% on strong Q1 guidance and revenue beat. Q4 sales grew 23%.
- #Dashs shares dropped 6.7% despite better-than-expected Q4 results. Q1 outlook is $18.5 billion to $18.
- #Roku's Q4 loss was higher than expected, but they expect YoY growth in Q1 with net revenue of $850 million.Highlights:#Treasury yields rose in the bond market immediately after the report’s release. The data kept the door closed on hopes that the Federal Reserve could begin cutting interest rates in March, as traders had earlier hoped. It also discouraged bets that a Fed move to relax conditions on the economy and financial markets could come even in May.The #yield on the 10-year Treasury climbed to 4.30% from 4.24% late Thursday, and it earlier neared its highest level since November. Higher rates and yields make borrowing more expensive, which tighten the brakes on the economy and hurt prices for investments.Still, the recalibrated bets for cuts to rates have simply brought Wall Street’s forecasts closer to what the Federal Reserve has been outlining. Critics have been saying traders’ expectations had gone overboard in how quickly and how much the Fed could cut rates in 2024. The expectation for the Fed’s next move is still for a cut to its main interest rate, which is at its highest level since 2001, as it’s said it likely will do.In the meantime, the hope is that the economy continues to remain solid despite high interest rates.A preliminary report on Thursday suggested that sentiment among U.S. consumers is still rising, though not by quite as much as economists hoped. That's key because spending by consumers makes up the bulk of the economy. In one potentially discouraging signal, the report from the University of Michigan also said that expectations for inflation in the coming 12 months ticked up to 3% in February from 2.9% in January.If the #economy does remain resilient, it would allow companies to deliver growth in profits.
