January 27 (Friday)
Latest Morning Briefing Executive Summary: Transportation, Semiconductors & Digital Wallets
Shifts in consumer purchasing have left retailers overstocked and shippers of goods feeling the pinch. But the sense among transport company managements is that demand for their services will normalize this year. Transportation stocks have been rallying in anticipation. … Another industry impacted by shifts in consumer spending is semiconductors, as computer sales have slid dramatically. And like the transports, semiconductor stocks have been outperforming the broader market as investors look past the pain. … Speaking of pain, the big banks have finally bitten the bullet and decided to develop a digital wallet of their own.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on January 23.
US I
U.S. GDP Rose 2.9% in the Fourth Quarter After a Year of High Inflation | W
U.S. consumer spending posts second straight monthly decline; inflation cooling | R
Metros where U.S. rent prices have dropped the most | C
US II
Remote Workers Face a Lonely Wave of Layoffs | N
High-Earning Men Are Cutting Back on Their Working Hours | W
Hasbro to Cut Global Workforce by 15% | W
SAP to Cut 3,000 Jobs After Profit Plunges | W
China
China’s Portrayal of Smooth Covid Exit Leaves Scientists Wanting More Data | W
Another Covid surge in China is the global supply chain’s biggest fear | C
Geopolitics & trade
TikTok tries to sell ‘Project Texas’ as it fights for survival in the U.S. | C
Industries & companies
Energy: Big Oil earnings preview: Energy giants to smash annual profit records | C
Energy: Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit | W
Logistics: Demand for semitrucks is surging, and four companies stand to benefit | C
Tech: Thanks to OpenAI, Microsoft is beating Google in the artificial intelligence game | Vox
Tech: Intel stock tumbles over 10% after brutal results | C
Corporate finance
Microsoft, ArcelorMittal back clean steel MIT spinout Boston Metal | C
Bed Bath & Beyond defaults on credit line, warns on debts | C
Beyond markets
FDA advisors recommend using Covid omicron shots for all doses | C
Adani shares fall further as it weighs legal action against Hindenburg | C
Tornado Alley is creeping into new territory | C
