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🚀 New All time highs

🚀 New All time highs

Dave Portnoy buys Spirit, Dumps 50% after 💀

Bilaal Dhalech
January 20, 2024

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⏰ Read time 7 mins

^{_{Whats Moving the markets}}
🤯 S&P 500 finally hits new all time highs

Investors Celebrate

After a scary start to the week the S&P 500 manage to close +1.01% hitting new all time highs with 2 stocks leading the charge… you guessed it NVDA & AMD.

The Canadian market was flat with the TSX gaining -0.14% just another snooze fest. The drawdown was led by the banks especially TD.

🥵 Inflation Nation

This months CAD 🇨🇦 inflation came in at 3.4%. Last month was 3.1%. A hotter inflation made REIT & Utility stocks fall since they have high debt. Inflation came in higher due to higher gas , airfare & rent costs.

1 week performance

TSX performance

🩸 This mistake could cost you thousands

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🔎 ^{_{Earnings & hidden gems}}
Meta is spending billions of dollars on Nvidia AI chips

Source: App Economy Insights

Elon Musk wants more control of Tesla, seeks 25% voting power

Stanley Cups going viral on tiktok

Stanley focused marketing efforts on TikTok, with sales surging by over 275%. They used TikTok influencers and viral content that the brand blew up.The movement has been so successful that some Stanley bottles are selling for hundreds of dollars on eBay.

The company is owned by Brand of Pacific Market International, LLC, which is owned by HAVI. They are a private company so no stock :(

📆 Earnings Szn

NFLX, TSLA, CN , VISA all report next week

NFLX, AMD, NVDA will have strong earnings

🚨Insider sales

Sells by executives isn’t always a red flag, people can sell for many reasons. But people only buy for one reason. 👀 I share more insider sales in my discord. Bdinvesting.org

It originally tanked 50% minutes after he bought

^{_{Headlines you need to know}}📰
🖥️ Microsoft executive emails hacked by Russian intelligence group

🛏️ Wayfair to Cut 13% of Staff, or 1,650 Employees

🕹️ Most popular website was google in 2023

🚬 Hertz to sell a third of its EVs

Mostly Teslas

🤖 Apples $3,499 Vision Pro headset now available to order ahead of Feb. 2 release

via Apple

Join moomoo now

APPLE SAYS IF APPROVED, FEDERAL WATCH BAN STAY COULD LAST A YEAR $AAPL
OpenAI $MSFT is working with the Defense Department on a number of projects including cybersecurity capabilities
Tesla Slashes Model Y Prices In Europe After China Cuts
PAYPAL CEO: MAY MOVE AWAY FROM UNPROFITABLE BUSINESSES AHEAD
Shopify $SHOP has reportedly begun moving toward handling payments for all Amazon Pay $AMZN transactions made on Amazon
Google CEO Tells Employees To Expect More Job Cuts This Year - The Verge
PAYPAL CEO SAYS HE’S GONNA “SHOCK THE WORLD” IN EXACTLY 1 WEEK ON JAN 25TH
Amazon cuts fewer than 5% of buy with prime unit staff: CNBC
IROBOT SHARES JUST FELL 50% AFTERHOURS EU COMMISSION INTENDS TO BLOCK AMAZON'S IROBOT ACQUISITION PER WSJ
Macy’s to cut more than 2,300 jobs, about 3.5% of its workforce, and close five stores
Biden administration to forgive $4.9 billion in student debt for 73,600 borrowers

₿ Crypto Corner

Drop from 64 last week

Bitcoin briefly hit 49k on ETF news before dropping to 42k
Trump pledges to prohibit the Federal Reserve from issuing a crypto coin, per Bloomberg
#Bitcoin has a larger market cap than Bank of America and Bank of China combined.
BLACKROCK’S SPOT BITCOIN ETF FIRST TO HIT $1 BILLION IN ASSETS
Grayscale CEO says most of the 11 approved bitcoin ETFs won’t survive,
Jim Cramer just said he wants to stay away from Bitcoin $BTC (bullish)
JPMorgan CEO Jamie Dimon says his "personal advice" is to not get involved with #Bitcoin.
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Oh Canada 🇨🇦

Canadian interest rate decision on Jan 25 (im predicting a pause)
Nearly 900,000 businesses took out a CEBA pandemic loan, but as many as 22% were likely unable to pay it back
Toronto-based RBI is buying back 1,022 Burger King franchises after agreeing to pay US$1 billion for Carrols Restaurant Group, the largest U.S. BK franchisee.
British Columbia is investing $36B to expand its electricity system, part of the government’s plan to build infrastructure
Limiting the number of temporary workers and international students allowed into Canada would deepen an expected recession
India & China are the top immigrants in Canada

Economics 📊

Jan 25 🇨🇦interest rate decision (I predict a pause)
Jan 31🇺🇸 interest rate decision (I predict a pause)
Goldman Sachs Economics Research expects the Federal Reserve to start cutting interest rates in March, with a total of five rate reductions to be carried out in 2024
FED'S WALLER: RATE CUTS SHOULD BE DONE METHODICALLY AND CAREFULLY, THERE'S NO REASON TO CUT AS QUICKLY AS IN THE PAST
Feb 13 is also the next inflation report for US I am predicting a lower inflation report
Global Inflation rate