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- š This week will determine the market for 2024
š This week will determine the market for 2024
š What will tech titans and the PCE reveal?
You know all those influencers making a fortune with vending machines?
Like this guy
š The AI Future of Marketing š
They help brands create content that resonates deeply with their target audience and, most importantly, deliver outsized ROI.
Last year we did an issue questioning if āRAD AI is a good investmentā. Since then...
Nvidia's value went to $2 trillion
Cisco spent $28b on its largest AI acquisition ever, and
Redditās move to license data for AI has re-energized the IPO market.
That's the power of AIā¦
$27m raised since 2018
7,000+ investors, including VCs, execs at Google, Amazon and Meta
~3X revenue growth from 2022 to 2023 ā while landing major clients, including Hasbro, Skechers, and Sweetgreen
Leadership has 5 exits between them.
The round closes in one week! (Apr 29)
š° Market Headlines
The S&P fell under 5,000 on Friday, capping off a week spent on edge.
TheĀ Nasdaq composite slid 2.05%, marking its sixth straight daily decline, the longest losing streak since October 2022.
Colossal week for anyone reading economic tea leaves:
Tech Titans Meta, Alphabet, Microsoft, and Tesla announce earnings. Weāll see if they can help break last weekās slump.
The Fedās preferred inflation measure, the Personal Consumption Expenditures (PCE) index, comes out Friday. Analysts expect it to remain steady at 0.3% from last month. Anything higher will send the market into a tailspin.
The House passed aĀ $95 billion foreign aid packageĀ for Ukraine, Israel, and Taiwan, which now heads to the Senate for a vote.
The bill included a TikTok āban.ā
Chicago Fed President Austan Goolsbee said the Fed's restrictive policy is "appropriate" given economic strength andĀ persistent inflation. [Ed: Heās changed his tune from a couple of months ago\
š¶ļø Market Vibes
š° Market Forecasts and Futures
š± Fear and Greed Index
š¤ What you said last time
Slightly bearish here but not as much as I expected, to be honest.
And youāre actually far more bearish than the prediction markets at Kalshi.
If you think the prediction markets are wrong, you can put (free) money where your mouth is. Get $25 to play with using this link.
Boeing reports earnings on Wednesday. In February, we showed you how to build an options trade to take advantage of a potential drop to $165 after the call. We hope you make some money.
š§ What do you think?
š¬ Have your say
Tech titans announce earnings this week. Whoās going to post the best quarter?
Meta:
Bull Case: Meta could beat earnings by leveraging its investments in the metaverse and virtual reality markets.
Bear Case: Meta might miss earnings due to increased competition and privacy concerns impacting user growth.
Alphabet:
Bull Case: Alphabet may exceed expectations driven by the growth of its advertising business and cloud division.
Bear Case: Alphabet could fall short of expectations due to regulatory scrutiny and intensified competition in advertising.
Microsoft:
Bull Case: Microsoft might outperform expectations with strong growth in Azure and gaming, including the acquisition of Activision Blizzard.
Bear Case: Microsoft could miss earnings due to cloud competition, regulatory challenges, and uncertain returns from metaverse investments.
Tesla:
Bull Case: Tesla could beat earnings with continued EV market growth and advancements in autonomous driving technology.
Bear Case: Tesla might miss earnings due to increased EV competition, production challenges, and uncertain returns from metaverse investments.
Which company will post the best quarter? |
š Stocks
Get $20 free shares at āpublic.comā using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
American ExpressĀ Q1 revenue jumped 11%, beating estimates and jolting stock prices up 6.2%.
An action-packed week of earnings. Here's who's reporting:
Monday:Ā Albertsons (ACI), Nucor (NUE), SAP (SAP), Verizon (VZ)
Tuesday:Ā General Electric (GE), General Motors (GM), JetBlue (JBLU), Lockheed Martin (LMT), Mattel (MAT), PepsiCo (PEP), Raytheon Technologies (RTX), Spotify (SPOT),Tesla (TSLA), UPS (UPS), Visa (V)
Wednesday:Ā Meta Platforms (META), AT&T (T), Boeing (BA), Chipotle (CMG), Ford (F), Humana (HUM), ADP (ADP), eBay (EBAY), Hilton (HLT), IBM (IBM), ServiceNow (NOW)
Thursday:Ā Alphabet (GOOGL), Microsoft (MSFT), American Airlines (AAL), AstraZeneca (AZN), Intel (INTC), Roku (ROKU), Snap (SNAP), Southwest (LUV), T-Mobile (TMUS)
Friday:Ā Exxon Mobil (XOM), Chevron (CVX), Charter Communications (CHTR), Colgate (CL)
Market movers
NvidiaĀ plummeted 10% Friday, its worst day since March 2020, after Super Micro Computer delayed earnings.
TeslaĀ slashed prices across its lineup in China, Germany, and other major markets after recent US cuts.
CNHĀ appointed Iveco Group's Gerrit Marx as its new CEO starting July 1 to replace Scott Wine.
UBS announced plans to lay off 50-60% of Credit Suisse staff following the takeover.
NikeĀ plans to lay off 740 employees at its Beaverton, Oregon headquarters by June 28.
Ideas, trends, and analysis
Freddie Mac slashed itsĀ home price forecastĀ for 2024 and 2025.
The US dollarĀ ralliedĀ to a 5-month high as surprisingly robust economic data bolstered the case for the Fed to keep rates elevated.
The global space economy is projected toĀ skyrocket to $1.8 trillionĀ by 2035, a 9% annual growth rate outpacing global GDP.
š Global Perspectives
š®š³ India's multi-week election kicked off with Prime Minister Narendra ModiĀ widely expectedĀ to secure a third consecutive term in office.
š®š·Ā š®š± Iran played down reported Israeli attacks and signaledĀ no retaliation, a response gauged towards averting region-wide war.
šµš¹Ā š³š¦ Portuguese oil company Galp Energia said the Mopane field could contain at leastĀ 10 billion barrelsĀ of oil.
šØš³ Major rivers and reservoirs in China's Guangdong province are threatening to unleashĀ dangerous floods.
š Crypto
Bitcoin's fourth halvingĀ slashedĀ miner rewards to 3.125 BTC per block. Price volatility preceded the event, with BTC falling 4%.
Bitcoin miners areĀ diversifying into AIĀ and upgrading power centers to brace for the 50% revenue cut post-halving.
Hong Kong's Victory SecuritiesĀ disclosed feesĀ ranging from 0.15% to 1% for its proposed Bitcoin and Ethereum ETFs.
š§ Errata
In Sri Lanka,Ā elephants killed 169 peopleĀ in 2023, while humans killed 476 elephantsāso itās not like we donāt have it coming.
A Japanese astronaut will be theĀ first non-American to walk on the moon.
The US military gave AI an F-16 and had it dogfight human pilots. Whatās the worst that could happen?
ISS crew discovered a mysteriousĀ drug-resistant bacteriaĀ on board.
šŗ What to Watch Today
Thatās all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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