Overall, the market climbed for the first full day of a new administration, buoyed partly by news of an announcement for hundreds of billions of AI investments to come tonight. Netflix posted double the net paid subscribers than analysts expected.
In macroeconomics, all eyes are on the FOMC's monetary policy meeting next week, January 29th. This week expect Michigan consumer data and jobless claims.
SECTORS
President Trump is planning to announce major AI infrastructure investments, sending AI, semiconductor, and tech stocks higher Tuesday. Trump insiders leaked that the president was set to announce a major investment in artificial intelligence infrastructure, and OpenAI,$SoftBank Group (ADR) (SFTBY.US)$and$Oracle (ORCL.US)$planning to create a joint venture called 'Stargate,' according to MarketWatch and CNBC.
The initiative will start with a $100 billion contribution, with the goal of reaching $500 billion over four years, according to CBS News.
Elsewhere in the economy,$Crude Oil Futures(APR5) (CLmain.US)$fell for the day, despite repetitions of the running slogan "Drill Baby Drill" from the Trump camp nd hit nearly $80 earlier in the week, highs not seen since October. Gold and silver climbed, treasuries fell while the 2-year climbed.$Bitcoin (BTC.CC)$broke through $104k to sit at $104,000 after Trump said he would establish a crypto task force within the SEC.
MOOVERS
$Netflix (NFLX.US)$reported quarterly earnings of $4.27 per share, beating analyst estimates of $4.18. The firm, in its last quarter of reporting net streaming additions, reported global additions of 18.9 million, double most estimates. The firm reported revenue for the quarter of $10.25 billion, over estimates of $10.11 billion. The streaming giant also announced upwards of $50 billion in new stock buybacks.
$3M (MMM.US)$gained 4.7% after the materials manufacturer exceeded fourth-quarter earnings expectations and provided guidance in line with Wall Street.
$Netflix (NFLX.US)$Netflix's stock rose slightly before its fourth-quarter earnings report Tuesday afternoon. Wall Street expects earnings of $4.21 per share, revenue of $10.1 billion, and a net gain of 9.8 million paid subscriptions.
Shares of$Tempus AI (TEM.US)$were trading more than 38% higher shortly after 12 pm ET Tuesday after the medical artificial-intelligence company announced the launch of an AI-enabled personal health app, olivia.
Shares of$Viasat (VSAT.US)$jumped after the National Aeronautics and Space Administration selected the company for a contract worth up to $4.82 billion.
$Walgreens Boots Alliance (WBA.US)$shares were down more than 12% in recent Tuesday trading as the company faces a lawsuit filed by the US Department of Justice Thursday over the company's alleged improper dispensing of opioids.
$United Airlines (UAL.US)$shares jumped about 4% in extended trading after the carrier's fourth quarter earnings and first quarter outlook surpassed estimates.
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Moo Live
Jan 23 16:54
MicroStrategy Q4 2024 earnings conference call
Reassessing Chinese Assets
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
Buy n Die Together❤ :
Talking Bull : Which companies are currently leading in gearing up to be Quantum-Ready?
Kevin Travers OP Talking Bull : I’m not sure about leading, but I am sure moomoo created a tread list of public companies working on quantum tech $Quantum Computing (LIST2594.US)$
73346739 : IONQ is the leader . Quant ready & many partners for future headeind