Swaggy is now Stocks & Income

🥤 Plus, WTF are Stanley Cups?

Wyatt from Alts
January 08, 2024

Good morning and welcome to Stocks and Income by Swaggy.

More of the stuff you like more often — every weekday morning at 6am EST to be precise. If this is too much, just smash the button below.

Last week, you got our 2024 outlook. which was the last of my three-part series to wrap up 2023 and look ahead to 2024.

ICYMI:

*past 24-hour performance

📰 Market Headlines

US markets dipped for the first time in ten weeks last week, which has sent Asian markets tumbling this morning. US futures are lower as well.
The US launched its first lunar lander in 50 years this morning.
Saudi Arabia has been forced to cut the price of oil to keep pace with other producers. Oils prices tumbled nearly 1%.
Congress has reached a spending deal, avoiding a government shutdown later this month.
CPI and PPI reports are due Thursday and Friday, respectively.

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🕶️ Market Vibes

🎰 Market Forecasts and Futures

There’s a wide variance between the Kalshi markets and the CME prediction tool. If you think the pros have it right, you can get $25 to play around with on Kalshi.

😱 Fear and Greed Index

🧠 What do you think?

Do you want to see updated US presidential election odds in this newsletter?

📊 Stocks

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Winners and losers

Earnings, upgrades, and acquisitions

Earnings season kicks off this week with notable reports from JPM, BAC, BLK, C, DAL, and lots more.
Merck is looking to acquire Harpoon Therapeutics for around $700 million.

Market movers

Boeing has grounded 170 737 Max 9 planes after a window fell out of a plane mid-flight. Shares are in free fall.
Audacity, a Philadelphia-based broadcaster that owns around 230 radio stations, has filed for bankruptcy, citing declining ad revenue.
China Evergrande’s Vice Chairman was detained. Shared plunged 23%.
Chinese “wealth manager” Zhongzhi, which had significant exposure to property markets, has gone bankrupt.
Thanks to the Stanley Cups insanity, Stanley’s annual sales in 2023 could top $750 million.
China sanctioned five US defense companies in response to Washington’s arms sales to Taiwan.
Nintendo is expected to launch the ‘Switch 2’ console this year.
A number of recalled-and-fixed breathing devices from Phillips may still pose dangerous problems.

Ideas, trends, and analysis

Why are analysts so much more doveish on rate cuts than the Fed itself?
The bull case for GOOG, NVDA, and LOW.
Will Elon’s (alleged) drug use hurt Tesla?
Apple spent nearly $30 billion on R&D last year. What are they working on?

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