📈 Bull market

☕️ Good morning.

The Fast Five → S&P hits new all-time high, India overtakes Hong Kong as world’s fourth-largest stock market, voice cloning startup ElevenLabs achieves unicorn status, Wall Street opposition to Trump collapses, and Mr Beast nears $100 million TV deal with Amazon…

Your 5-minute briefing for Tuesday, January 23:

BEFORE THE OPEN

PRE-MARKET

MARKETS

• US stocks rose as the Dow and S&P hit all-time highs

• The Dow led indices with a 0.36% gain to close above 38,000 for the first time

• Asian stocks mostly rose, with Japan’s Nikkei notching a fresh 34-year high

• Chinese stocks plunged as Hong Kong’s HSI approaches its lowest close since 2009

• Bitcoin prices fell below $40,000, continuing a downtrend that began when bitcoin ETFs were approved

EARNINGS

• United Airlines beat Q4 earnings and revenue expectations but forecasted a Q1 loss due to the FAA’s grounding of Boeing 737 Max 9 planes this month (link)

• What we're watching this week:

• Today: Netflix, Verizon, 3M, Johnson & Johnson, RTX, P&G, Lockheed Martin

• Wednesday: Tesla, AT&T, IBM, ASML, Progressive

• Thursday: Intel, Visa, Blackstone, American Airlines, Comcast, Next Era Energy

• Friday: American Express

• Full calendar here

NEWS BRIEFING

S&P 500 Hits New All-Time High, Builds on Bull-Market Run

India Overtakes Hong Kong as World’s Fourth-Largest Stock Market

• Wall Street opposition to Trump collapses, as ‘pipe dream’ of primary defeat ends (link)

• Dow touches 38,000 for first time (link)

• Voice cloning startup ElevenLabs lands $80M, achieves unicorn status (link)

• China weighs stock market rescue package backed by $278B (link)

• US debt hits record high as rich economies pile on IOUs (link)

• EU to upgrade economic security to shield key tech from China (link)

• Home sales were the lowest in almost 30 years in 2023 (link)

• Alphabet’s Moonshot X lab cuts staff, turns to outside investors (link)

• Facebook made a major change after years of PR disasters, and news sites are paying the price (link)

• Humans still cheaper than AI in vast majority of jobs, MIT finds (link)

• Charles Schwab faces more uncertainty after tough 2023 (link)

• Canada to cap international student permits amid housing crunch (link)

• New details emerge about SEC’s X account hack, including SIM swap (link)

• More workers want to change jobs, but the market is getting tougher (link)

• Exxon sues two ESG investors (link)

• Top House democrat seeks DOJ probe of AI-generated Biden robocalls (link)

• Samsung races Apple to develop blood sugar monitor that doesn’t break skin (link)

• Macy’s urged by Arkhouse to open books after rejecting takeover bid (link)

• Fed review clears central bank officials of violating rules (link)

• Southwest Airlines pilots approve new five-year contract (link)

CRYPTO

• Blockchain and lending startup Figure Technologies is seeking SEC approval to issue an interest-bearing stablecoin (link)

• FTX's bankruptcy estate sold ~$1B of Greyscale’s Bitcoin ETF (link)

You Can Sponsor this Newsletter details here.​

BULLISH BITES

🐝 Social buzz: Mr Beast nearing $100 million TV deal With Amazon.

🚘 Must-see: Ford’s impressive new 48-inch digital dashboard is a lot of Android for one car.

😤 Powershift: The end of workplace loyalty—can it be repaired?

🤖 AI-nxiety: This MIT study says AI won't take my job. But it doesn't make me feel too sure that AI won't take my job.

FEATURED TRADES

JPMorgan: Still a Buy with Record Earnings & Share Price Post Q4

JPMorgan Chase & Co. (ticker: JPM) is an American multinational investment bank and financial services holding company that provides a broad range of financial services, including investment banking, asset management, treasury and securities services, commercial banking, and retail banking.

Ticker: JPM | Price: $170.11 | Price Target: $225 (+32%)

Market Cap: $486B | Timeframe: by 2026 year-end

🏦 Banking | 💰 2.5% Dividend | 📈 Bullish Idea

Read the full article here. Read time: 7 min

DAILY SHARES

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