→ Your Moby Weekly Stock Pick: SNOW

Is Snowflake the next Tesla? Moby's picks could be your next 832% surge!

Leveraging the expertise of former hedge fund analysts, Moby's strategic insights have outperformed competitors and the S&P 500, boasting gains of 300% and 400% (from their weekly picks) in 2023.

Discover why the future of AI is with Snowflake’s cutting-edge architecture… and uncover the secrets behind their role as the singular operating system for AI transformation.

Click here for more timely picks and to stay ahead in the evolving world of AI!

BEFORE THE OPEN

Pre-Market:

Market Recap:

• S&P 500 hits fresh record high, up 1.1%.

• Dow also records a new high, climbing 0.4%.

• Nasdaq gains 1.7%.

• Meta's strong results boost its shares by over 20%.

• Tech stocks rally; Amazon jumps 7.9%.

• Strong January jobs report spikes interest rates by 17 basis points.

• Wage growth exceeds expectations at 4.5%.

• Economy's resilience overshadows rate cut concerns.

• Weekly gains for S&P 500 (1.4%), Nasdaq (1.1%), and Dow (1.4%).

• Apple lags with a 13% sales decline in China.

EARNINGS

What we’re watching this week:

• Today: Caterpillar (CAT), Palantir Technologies (PLTR), Tyson Foods (TSN)

  • McDonald's (MCD) - expected: $2.83 per share (+9.3% YoY) on $6.4B revenue (+8.5% YoY)

• Tuesday: Chipotle Mexican Grill (CMG), Ford Motor (F), KKR (KKR), MicroStategy (MSTR), Spotify Technology (SPOT)

  • Eli Lilly (LLY) - expected: $2.36 per share (+12.9% YoY) on $9.0B revenue (+22.9% YoY)

• Wednesday: Roblox (RBLX)

  • Walt Disney (DIS) - expected: $1.04 per share (+5.1% YoY) on $23.8B revenue (+1.3% YoY)

• Thursday: Affirm (AFRM), AstraZeneca (AZN), Spirit Airlines (SAVE)

• Friday: PepsiCo (PEP)

Full earnings calendar here

HEADLINES

Meta’s $197 Billion Surge Is Biggest in Stock-Market History

Stock Market’s ‘Rah-Rah Mob’ Confronts February’s Weak Record

• Senate releases $118 billion bipartisan aid proposal for Israel, Ukraine, border security (more)

• Trump floats ‘more than’ 60% tariffs on Chinese imports (more)

• Gold prices to hit $2,200 and a ‘dramatic’ outperformance awaits silver in 2024, says UBS (more)

• Big Oil’s optimism faces reality check in tech-obsessed market (more)

• Iraq bans 8 local banks from US dollar transactions (more)

• Turkey's new central bank head plans tight monetary policy until inflation curbed (more)

• Chinese turn US embassy post into 'Wailing Wall' for stock plunge (more)

• Foxconn sees 'slightly better' 2024, warns on AI chip shortage (more)

• Tech execs tell investors they have to spend to make money on AI (more)

• Bezos to sell up to 50 million Amazon shares by Jan. 31 next year, filing shows (more)

• New Macy’s CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance (more)

• Reddit picks New York Stock Exchange for IPO in win over Nasdaq (more)

• Paytm CEO Sharma, India's startup rockstar, battles regulatory crisis (more)

• LVMH takes aim at $30 billion watch market (more)

• Gen Z is splurging on luxury goods to soothe their economic despair (more)

DEALFLOW

M+A | Investments

• Databricks, a data and AI company, acquired Einblick, an AI-native collaboration platform that helps users solve data problems with just one sentence (more)

• Ryder buys Cardinal Logistics from H.I.G. (more)

• Worthington Enterprises buys HALO Brand (more)

• Mainsail-backed Instinct Science acquires VetMedux (more)

• PE-backed Cook & Boardman acquires Discovery Door (more)

• Riverside-backed EverSmith Brands purchases US Lawns (more)

• Carlyle provides $750M debt financing for PE-backed The Parking Spot (more)

• Kinderhook purchases Compactor Rentals of America (more)

• Myavana, a beauty-tech company, received an investment from Ulta Beauty’s Prisma Ventures and BrainTrust Fund (more)

• gamma., a provider of an artist-first multimedia platform offering creative and business services across artistic/commercial formats, received funding from Alpha Wave Global (more)

• Brixton, an omnichannel global lifestyle brand, received $15M in credit facility (more)

VC

• Carpl, a radiology tech startup, raised $6M in funding (more)

• Cohere Health, a company specializing in clinical intelligence and prior authorization automation, raised $50M in Equity funding (more)

• Plex, a media streaming company, reportedly raised $40M in funding (more)

• Owner, a platform for restaurant owners use to manage their online presence, raised $33M in Series B funding (more)

• Avation Medical, a neuromodulation and digital health company, raised $22M+ in equity funding (more)

• Harbor, an infant care technology company, raised $3.7M in Seed funding (more)

Was this briefing forwarded to you? Sign Up Here

CRYPTO

• Grayscale’s once double-digit Bitcoin fund discount evaporates (more)

• The US government seems to be closing in on Bitcoin mining (more)

• Crypto exchange Gemini says bankrupt Genesis moves to authorize sale of trust assets (more)

BULLISH BITES

🔥 Hot tip: See why the top investors on Wall Street get their stock picks from Moby — helping beat the market by 300%. Try Moby, free »

🏝 Acquisition: Google cofounder Larry Page quietly bought a Puerto Rico island for $32 million, bringing the total number to at least five.

🙁 Saga: The rise and fall of Bitboy.

🌎 Did you know: More Americans are working remotely for international companies—here’s where they live.

👗 Agree? It's time for VCs to break up with fast fashion.

DAILY SHARES

Know someone who would enjoy this?

Like what you see? Get tomorrow’s briefing here

Keep the curation going! Buy the team a coffee ☕️

Have a comment or suggestion? We’d love to hear it!
💌 Send us a message

ADVERTISE | SUBSCRIBE