📈 Disney's big bet

Good morning.

The Fast Five → Disney to invest $1.5 Billion in Epic Games, Apple eyes a foldable iPhone, Snap shares drop 35% after revenue miss, NYCB hit with first investor lawsuit over collapse, and Bill Ackman to launch a NYSE-listed fund for regular investors…

Your 5-minute briefing for Thursday, February 8:

BEFORE THE OPEN

PRE-MARKET

MARKETS

• US stocks rose with the S&P closing just short of 5,000 as investors digested positive corporate earnings

• The Nasdaq led indices with a 0.95% gain

• Chinese stocks rose thanks to optimism regarding government support

EARNINGS

• Disney shares jumped ~7% after beating Q1 earnings expectations and hiking 2024 profit guidance thanks to cost-cutting; the media giant missed on revenue, which was almost flat YoY (link)

• Arm shares surged ~20% after beating Q3 earnings and revenue expectations and forecasting a strong Q4 thanks to AI (link)

• Alibaba shares fell ~6% after missing revenue expectations for the December quarter, although it boosted its buyback program by $25B (link)

• PayPal shares fell ~8% despite better-than-expected Q4 earnings and revenue due to underwhelming full-year and Q1 guidance (link)

• What we're watching this week:

  • Today: Apollo Global, ConocoPhillips, Affirm, Pinterest, Cloudflare

  • Friday: PepsiCo 

• Full calendar here

NEWS BRIEFING

Apple Eyes a Foldable iPhone Following Vision Pro Launch

Disney to Invest $1.5 Billion in Fortnite Maker Epic Games

• US Treasury’s biggest-ever 10-year auction garners solid demand (link)

• Snap shares drop 35% after company’s revenue miss and weak guidance (link)

• NYCB hit with investor lawsuit over share price collapse (link)

• Bill Ackman to launch a NYSE-listed fund for regular investors (link)

• Citadel among hedge funds that got Morgan Stanley’s block-trading leaks (link)

• BOJ rules out rapid rate hikes, signals ending risky asset buying (link)

• Biotech IPOs jump more than 20% as momentum builds for listings (link)

• DoorDash aims to expand overseas while delivery rivals struggle (link)

• Streaming venture from ESPN, Fox and Warner blindsides sports leagues (link)

• Soho House tumbles after short seller draws WeWork comparison (link)

• Las Vegas is trying to become the sports capital of the world (link)

• US to tackle secrecy in all-cash home purchases (link)

• Spirits sales beat out beer and wine for second straight year, despite little growth (link)

• Warner Music to cut 600 jobs, or 10% of staff (link)

• America’s most expensive home for sale hits the market for $295M (link)

CRYPTO

• The NBA was sued over its marketing links to failed crypto exchange Voyager Digital Holdings, which investors claim led to $4.2B in losses (link)

• A former CEO of a Kansas bank was charged with embezzling $47M from Heartland Tri-State Bank to buy crypto (link)

You Can Sponsor this Newsletter details here.​

BULLISH BITES

📈 Well spent: 1-hour of Ray Dalio's time is worth $228,310, according to Yahoo Finance. But you can get a full hour of his time for free, breaking down the principles of investing, right here

💃 Swift effect: Female-focused ad spots take the Super Bowl.

🏀 Bets on bets: Las Vegas is trying to become the sports capital of the world.

💼 Sharp-dressed man: Men's bags by Carl Friedrik of Succession and The White Lotus fame.

FEATURED TRADES

Why I am adding Coupang ($CPNG)

Coupang, Inc. is a South Korean e-commerce giant that offers a variety of products and services, including online retail and delivery, through a user-friendly platform, often providing next-day or even same-day delivery on a wide array of items.

Ticker: CPNG | Price: $14.37 | Price Target: $32.90 (+129%)

Market Cap: $24.8B | Timeframe: in a few years

📦 E-commerce | 🇰🇷 South Korea | 📈 Bullish Idea

Read the full article here. Read time: 2 min

DAILY SHARES

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