โ›” This market can't stop won't stop

๐Ÿ‘บ But will JPow ruin all our fun Friday?

This is our last week in Mexico City, so youโ€™ll be receiving your Stocks and Income notes at a normal/consistent time soon.

Thanks for your patience.

This is fine.

The top 5 stocks for 2024 (from investing legend Louis Navellier)

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๐Ÿ“ฐ Market Headlines

*past 24-hour performance

  • The S&P 500 and Nasdaq ended last week at record highs. For the first time since 1971, they have gone up for 16 of the last 18 weeks. Thatโ€™s four winning months in a row.

  • Fed Chair Powell's upcoming testimony to Congress on March 6 and 7 is the market's focal point this week.

    • Investors are hoping for a strategy to regain control of inflation expectations and deal with the casino-like market swings of the past few weeks.

    • The US jobs report is out Friday as well.

  • 97% of the S&P500 has already reported its Q4 earnings, but we will hear from big retail names like Target, Cosco, and Kroger this week.

  • Short positions in China's stock market have significantly decreased after regulatory measures to stabilize the market.

  • Nikki Haley won the Washington DC Republican primary. She has pledged to stay in until at least past Super Tuesday.

๐Ÿ•ถ๏ธ Market Vibes

๐ŸŽฐ Market Forecasts and Futures

๐Ÿ˜ฑ Fear and Greed Index

๐Ÿง  What do you think?

Which is more dangerous?

Login or Subscribe to participate in polls.

๐ŸŽค What you said last time

Great to see that only 25% of you are horribly depressed, 25% horribly distracted, and 50% are doing swell. Not bad!

๐Ÿ“ˆ Trends you need to know

Global interest in investing in BTC has just about overtaken interest in gold for the first time in a couple of years.

๐Ÿ“Š Stocks

Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathawayโ€™s portfolio with just a few clicks.

Winners and losers

Earnings, upgrades, and acquisitions

  • FuboTV announced a 28.5% revenue increase and surpassed subscriber estimates, yet shares dropped 18.45%.

  • Plug Power announced it is no longer at risk of going out of business; shares surged 6% even after its earnings were missed.

Market movers

  • Viking Therapeutics jumped 120% after positive weight-loss drug trial results.

  • Block stock surged on optimistic 2024 guidance.

  • Xerox announced layoffs, reducing their workforce by as much as 15 percent.

  • Elon Musk sued OpenAI, arguing it deviated from its open-source, non-profit principles.

  • Saudi Arabia and Russia extended their crude oil supply cuts until the end of June.

  • S&P 500 welcomed the maker of high-end AI servers Super Micro and footwear company Deckers.

Ideas, trends, and analysis

  • Amazon's average customer is a white Gen X woman who spends $2,662 yearly.

  • Goldman Sachs bet on Europe's 'Granolas', a group of stocks defying economic stagnation.

  • Devon Energy thinks it is a bargain deal right now.

  • India has begun to chip away at China's dominance in electronics exports.

  • U.S. immigration has boosted the foreign-born workforce by 3.3% since 2006 while unemployment numbers have remained near record lows.

๐ŸŒ Global Perspectives

  • ๐Ÿ‡ฎ๐Ÿ‡ธ Iceland's Blue Lagoon was evacuated in fear of an imminent volcanic eruption.

  • ๐Ÿ‡จ๐Ÿ‡ณ China's parliament to unveil moderate stimulus plans to stabilize growth.

  • ๐Ÿ‡ญ๐Ÿ‡น Gangs broke hundreds of inmates out of Haiti's National Penitentiary after a days-long gun battle with police.

  • ๐Ÿ‡ฐ๐Ÿ‡ช ๐Ÿ‡ญ๐Ÿ‡น Kenya deployed 1,000 police officers to Haiti.

  • ๐Ÿ‡ง๐Ÿ‡ท Toyota announced a $2 billion investment in Brazil.

  • ๐Ÿ‡ฐ๐Ÿ‡ท Thousands of South Korean doctors protested in Seoul against government plans to increase medical school admissions.

๐Ÿ“Š Income

  • The SWAN portfolio strategy uses income investing to aim for growth while minimizing volatility.

  • Apple's dividend strategy may shift to higher payouts.

  • MSC Industrial's dividend yield stands at 3.3%, promising despite sector challenges.

  • Pfizer's yield hits 6.2%, undervalued after a 56% stock drop.

  • Hormel Foods' dividend yield is at an all-time high.

๐Ÿ“Š Crypto

  • Morgan Stanley filed for Bitcoin ETF as crypto is increasingly accepted among traditional financial institutions.

  • Spot Ethereum ETF approval odds stand at 45%.

  • $2 billion in Bitcoin was withdrawn Friday, approaching record outflows. The cryptocurrency surged over the weekend.

  • Crypto PACs invested $13 million into Super Tuesday races.

๐Ÿง  Errata

  • A comprehensive timeline of Apple's failed EV Project Titan.

  • A pet warthog almost killed its Texas owner.

    • "I can't forget his eyes, the way they were locked in to kill."

    • Ed: I thought this was going to be hilarious, but it was just really sad.

  • This human-sized bird has an appetite for crocodiles.

  • A young girl stumbled across 5 dismembered limbs in Long Island Park.

๐Ÿ“บ What to Watch Today

Thatโ€™s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt