š Morning Tendies Weekly Stock Market Summary 02/17/2023: Stock Buybacks, More Layoffs, Tesla Recalls, and Much More!
Morning Tendies
February 17, 2023
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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:
New SEC rules target corporate insider trading - WSJĀ
Henry Schein ($HSIC) sets new $400 million stock repurchase program - MarketWatchĀ
Novavax ($NVAX) to provide 1.5 million more doses of its Covid-19 vaccine to the U.S - MarketWatchĀ
Meta ($META) delays setting team budgets as it plans fresh round of job cuts - Financial Times
Twilio ($TWLO) to lay off about 1,500 employees, or 17% of its workforce - CNBC
Vodafone ($VOD) stock surges after Liberty Media discloses 4.9% stake - MarketWatchĀ
Tuesday, January 31st 2023:
January CPI inflation rate slows to 6.4% but monthly inflation rose by 0.5% - USA Today
Ford ($F) cutting 3,800 European jobs in EV push - Fox Business
Vanguard to liquididate 1 fund, merge 2 others - MarketWatchĀ
Wabtec ($WAB) boosts dividend by 13%, share repurchase program to $750 million - MarketWatchĀ
Boeing ($BA) stock rises toward 1-year high after Air India plans to invest in up to 290 jets, including 240 737 MAXs - MarketWatch
Walmart ($WMT) closing three tech hubs - Fox Business
Meta Platforms ($META) says chief business office to exit - Fox Business
Ford ($F) halts production of electric pickup after āpotentialā battery issue - Fox Business
Reddit aims for IPO in second half of 2023 - Reuters
Subway says its considered selling - Fox Business
Wednesday, February 1st 2023:
Credit Suisse ($CS) pays double to lure investors to its bond offering - Bloomberg
Retail Sales surge 3% as prices rise and shoppers keep buying - NYTimes
SEC Chair Gensler proposes sweeping changes that would require crypto firms to register in order to custody assets - CNBC
The Trade Desk ($TTD) announces $700M share buyback - Investing
Bausch + Lomb ($BLCO) names ex-ceo Brent Saunders as CEO, replacing Joseph Papa and stock jumps 6.5% - MarketWatchĀ
Homebuilder sentiment jumps in February by biggest amount in a decade - Fox Business
Adobeās ($ADBE) $20 billion Figma deal faces EU Atintrust Probe - BloombergĀ
Texas Instruments ($TXN) to invest $11B in Lehi facility expansion, bring 800 new jobs to Utah - Fox13Ā
Chipotle ($CMG) to launch new spin-off restaurant Farmesa - Fox Business
Twilio ($TWLO) announces $1B share buyback -StreetInsiderĀ
Virgin Galactic ($SPCE) stock soars on successful WhiteKnightTwo flight test - Parabolic Arc
Thursday, February 2nd 2023:
Aldi to recruit 6,000 new staff across the UK - BBCĀ
KitKat maker Nestle to raise prices again - BBCĀ
TravelCenters of America ($TA) to be acquired by BP ($BP) in all-cash deal valued at $1.3 billion, stock soars 71% - MarketWatchĀ
Wholesale Inflation surges 0.7% in January, more than expected as high prices persist - Fox Business
U.S. jobless claims stays below 200,000 for fifth straight week: Labor Market still healthy - MarketWatchĀ
Docusign ($DOCU) to lay off 10% of its workforce, or about 700 employees - CNBCĀ
Tesla ($TSLA) to recall 362,000 cars with its āFull Self-Drivingā system - NYTimes
YouTube CEO Susan Wojcicki stepping down - Fox Business
Etsy ($ETSY) shares fall after Citron Research calls out platform for counterfeit good - Yahoo Finance
New U.S. home construction drops to lowest levels since 2010 - Fox Business
Friday, February 3rd 2023:
Penske Automotive ($PAG) board adds $250 million to share buyback authorization - MarketWatchĀ
The founder of WallStreetBets is suing Reddit - The Verge
Penn Entertainment ($PENN) completes acquisition of Barstool Sports - Business Wire
Microchip Technology ($MCHP) to create 400 more jobs in Colorado as part of $880 million expansion of chip-making facility - MarketWatchĀ
Get Prepared for the Week Ahead
Next Weekās Economic Calendar:
Next Weekās 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