📈 Top-heavy market

Good morning.

The Fast Five → S&P 500's top stocks haven't been this concentrated in 50 years, Powell tells ‘60 Minutes’ Fed wary of cutting rates too soon, Palantir stock jumps 19% on revenue beat, Tesla is losing the Magnificent Seven cage fight, and Tech industry starts the year with 32,000 job cut…

Your 5-minute briefing for Tuesday, February 6:

BEFORE THE OPEN

PRE-MARKET

MARKETS

• US stocks fell over concerns that the Fed may not cut rates as much as expected; the Fed expects to make three rate cuts this year

• The Dow led indices with a 0.71% decline

• Chinese stocks plunged before reversing losses after Chinese officials vowed to stabilize equity markets; China’s CSI 300 closed 0.65% higher, while the CSI 1000 fell 6.16%

EARNINGS

• McDonald’s shares fell ~4% after beating Q4 earnings expectations but missing on revenue due to turmoil in the Middle East (link)

• Palantir shares jumped 19% after reporting higher-than-expected Q4 revenue thanks to AI demand (link)

• What we're watching this week:

  • Today: Eli Lilly, Snap, Spotify, KKR

  • Wednesday: PayPal, Walt Disney, Uber, Alibaba, CVS

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

  • Friday: PepsiCo 

• Full calendar here

NEWS BRIEFING

The S&P 500's Top Stocks Haven't Been this Concentrated in 50 Years

Tech Industry Starts the Year With 32,000 Jobs Cut

• Meta finally figures out how to sell the Metaverse (link)

• Wall Street snubs China for India in a historic markets shift (link)

• Morgan Stanley and Goldman spoil private credit’s record deal (link)

• Dow falls after Powell says caution needed on rate cuts (link)

• Senators releases $118B bipartisan aid proposal for Israel, Ukraine, border security (link)

• Hong Kong government markets multi-currency digital green bonds (link)

• Mortgage rates jump back over 7% as economic data rolls in (link)

• Powell tells ‘60 Minutes’ Fed is wary of cutting rates too soon (link)

• Tesla is losing the Magnificent Seven cage fight (link)

• Tech layoffs continue to roil industry with 32,000 jobs cut (link)

• TikTok and Universal will stage a reunion soon (link)

• Liquidity tops trader concerns for volatile 2024, JPMorgan finds (link)

• Oil market will face supply shortage by the end of 2025, Occidental CEO says (link)

• Snap to lay off 10% of workers (link)

• Dartmouth reinstates SAT requirement in first for Ivy League (link)

CRYPTO

• Bitcoin ETFs saw $700M of net inflows last week (link)

• Do Kwon’s former CFO of Terraform Labs was extradited to South Korea from Montenegro (link)

You Can Sponsor this Newsletter details here.​

BULLISH BITES

🎯 Strategy: B2B vs. B2C is not about who’s buying, but how you’re selling.

😱 Trending: Layoffs in the age of TikTok have employers doing damage control.

💡 Playbook: How to write your monthly investor update.

👀 Watching: Silicon Valley’s new start-ups: City-States.

FEATURED TRADES

McIntyre Partnerships holding - Sotera Health Company ($SHC)

Sotera Health Company, trading as SHC, is a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory services for the healthcare industry. The company operates through three segments: Sterigenics, Nordion, and Nelson Labs, offering a comprehensive range of services for sterilization technologies and related lab services.

Ticker: SHC | Price: $15.15 | Price Target: $37 (+144%)

Market Cap: $4.1B | Timeframe: N/A

🧼 Sterilization Services | 🩺 Healthcare | 📈 Bullish Idea

Read the full article here. Read time: 2 min

DAILY SHARES

Keep the curation going! Buy the team a coffee ☕️