🍗 Morning Tendies Weekly Stock Market Summary 02/03/2023: Google, Amazon, and Apple Earnings. As well as Interest Rate Hikes and More!
John Wetter
February 03, 2023
Hello everyone, it's @theJohnWetter here. Ready to present you the Stock Market Summary for this past week.
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Ladies and Gentlemen, this is what we got for you this week.
How the Stock Market Performed this Past Week
Major Earnings from this Past Week
Major Headlines from this Past Week
Get Prepared for the Week Ahead
How the Stock Market Performed this Past Week
Heat Map of the S&P 500:
How the Largest Stocks Performed:
Best Performing Large Cap Stocks:
Worst performing Large Cap Stocks:
Major Earnings from this Past Week
Major Headlines from this Past Week
Monday, January 30th 2023:
EV maker Arrival ($ARVL) to lay off half of its employees, names new CEO to effect restructuring - MarketWatch
Chinese search giant Baidu ($BIDU) to launch ChatGPT-style bot - Bloomberg
Philips ($PHG) cuts 6k more jobs to improve profitability - Fox Business
Johnson & Johnson ($JNJ) stock takes a dive after WSJ report that federal appeals court rejected talc bankruptcy case - MarketWatch
Ford ($F) follows Tesla in cutting electric vehicle prices - NYTimes
Biden’s new student loan repayment plan would cost billions more than White House projected - Fox Business
Carvana ($CVNA) stock soars - why? - Fox Business
Boeing ($BA) will open new assembly line to build 737 max planes - Fox Business
Impossible Foods planning to lay off 20% of staff - TechCrunch
Tuesday, January 31st 2023:
U.S. seeks Tesla ($TSLA) driver-assist documents; company hikes capex forecast - Reuters
Luxury EV maker Lotus Tech to go public via merger with SPAC L Catterton Asia Aquisition in $5.4 Billion deal - MarketWatch
NetApp ($NTAP) to cut 8% of its 12,000-strong workforce, expects $85 million to $95 million of charges - MarketWatch
Spotify ($SPOT) shares jump on bullish outlook as more users tune in - Reuters
Carvana ($CVNA) stock extends ‘meme’-like surge, heads toward longest win streak in 4 months - MarketWatch
Hubspot ($HUBS) to lay off about 500 employees, consolidate workspace leases - MarketWatch
U.S. Consumer Confidence unexpectedly deteriorated in January on Recession Fears - MarketWatch
U.S. home prices fall for 5th straight month in November, Case-Shriller index shows - MarketWatch
Chicago PMI down in January, worse than forecast - Advisors Perspective
Workday ($WDAY) cuts 3% of jobs to ‘grow and sustain’ business - Barrons
UPS ($UPS) , FedEx ($FDX) partner airline agrees to buy 20 pilotless cargo planes in $134M deal - Fox Business
Paypal ($PYPL) to lay off 2,000 employees in coming weeks, about 7% of workforce - CNBC
Wednesday, February 1st 2023:
Private sector job growth cools to 106,000 in January, lowest in two years: ADP - Fox Business
U.S. factory gauge falls for fifth month to lowest since May 2020 - Bloomberg
U.S. job openings increase to five-month high; manufacturing slumps - Reuters
Frontier Airlines ($ULCC) launches all-you-can-fly summer pass for $399 - Fox Business
FedEx ($FDX) cutting 10% of management roles - Fox Business
Oil dives 3% after U.S. EIA reports big builds in U.S. crude, fuel stocks - Reuters
Altria ($MO) unveils $1 billion stock buyback as earnings top estimates - Barrons
Baidu ($BIDU) pops as BlackRock ($BLK) increases stake in Chinese tech firm - Seeking Alpha
Fed raises interest rates another 0.25% to highest level since October 2007 - Yahoo Finance
EV maker Rivian ($RIVN) cutting 6% of workforce, but manufacuring jobs spared - Fox Business
Splunk ($SPLK) to lay off 4% of staff in cost-cutting move - Barrons
Draftkings ($DKNG) cuts 140 jobs as part of reorginzation - CNBC
Thursday, February 2nd 2023:
Adani losses top $100 billion in wake of Hindenburg Research report - CNBC
3D printer Desktop Metal ($DM) stock jumps after plan to cut jobs, that could affect more than 200 employees - MarketWatch
Okta ($OKTA) stock jumps toward 5-month high after plan to layoff 300 employees - Okta
Jobless claims unexpectedly drops to lowest level in 9 months - Fox Business
Playboy parent PLBY group ($PLBY) completes $65 million capital raise with proceeds earmarks for debt repayment - MarketWatch
Coinbase ($COIN) jumps 14% after federal securities suit dismissed - CNBC
Mortgage rates in the U.S. slip for a fourth week, hitting 6.09% - Bloomberg
Friday, February 3rd 2023:
Tesla ($TSLA) shipments of China-Made Cards climbed 18% in January - Bloomberg
U.S. unemployment rate falls to 3.4% - lowest levels since 1969 - as economy creates 517,000 jobs in January - MarketWatch
Nordstrom ($JWN) stock surges after investor Ryan Cohen buys stake in retailer - CNBC
Activision Blizzard ($ATVI) to pay $35 million to settle SEC investigation - MarketWatch
Google ($GOOGL) invests $300M in artificial intelligence start-up Anthropic - Financial Times
EV tax credit vehicle classification system gets new rules - Automotive News
Baker Hughes data show a third weekly decline in active U.S. oil-drilling rigs - MarketWatch
Get Prepared for the Week Ahead
Next Week’s Economic Calendar:
Next Week’s Earnings Calendar:
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research