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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  • Consistent Excellence: For the last eleven years, his system identified the S&P's #1 stock.

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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?

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