HaiKhuu Weekly Recap & Analysis
January 13- January 17, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
Supreme Court ruled against TikTok’s challenge that would force a sale or ban of the app in the United States
President-Elect Donald Trump is preparing a raft of executive orders aimed at boosting American fossil fuels and undoing his predecessor’s push for the U.S. to adopt electric vehicles
The FDA just announced plans to ban the artificial food coloring Red No. 3, which has been linked to cancer
Major Indices’ Weekly Movement:
S&P 500: +3.79%
Nasdaq: +4.11%
Dow Jones: +3.81%
Monday, January 13
Stock Related News:
Chinese officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to fend off the band
Johnson & Johnson agreed to acquire Intra-Cellular Therapies for a total equity value of about $14.6 billion
Amazon Web Services and General Catalyst have partnered to speed up development of health-care AI tools
Eli Lilly announced it has agreed to acquire Scorpion Therapeutics for up to $2.5 Billion
Taiwan Semiconductor has begun producing advanced 4mm chips for customers in Arizona
Nvidia data centers orders are reportedly going as planned and not undergoing any delays, according to a source close to the matter at Google
Starbucks is rolling out a new code of conduct at its locations across North America
Starbucks will no longer let people hang out around the cafes or use the bathroom without making a purchase
Crumbl Cookies is looking to sell itself for $2 Billion
Economic News:
No Economic News
Major Indices:
S&P 500: +0.16%
Nasdaq: -0.32%
Dow Jones: +0.87%
Tuesday, January 14
Stock Related News:
President-Elect Donald Trump is preparing a raft of executive orders aimed at boosting American fossil fuels and undoing his predecessor’s push for the U.S. to adopt electric vehicles
The SEC has sued Elon Musk in federal court over an alleged securities violation
Macquarie will invest up to $5 billion in data centers being built by AI infrastructure company Applied Digital
Google is under UK investigation for search services
Southwest Airlines announced new plans to cut costs and improve margins by
Pausing corporate hiring and promotions, suspending most of its summer internships and going without some employee team-building events that date back to the 1980s
Amazon Web Services announced the launch of the AWS Mexico Region. AWS plans to invest more than $5 billion in Mexico over 15 years
Nvidia is planning to build its Asian headquarters. in Taipei, Taiwan
Mark Zuckerberg and Meta are reportedly planning to cut 5% of its lowest performers
Tesla has confirmed that it is starting production of the new Model Y with a refreshed design at Gigafactory Berlin
Economic News:
NFIB Optimism Index:
(Previous 101.7, Actual 105.1)
Core PPI:
(Previous 0.1%, Actual 0.1%)
Monthly U.S. Federal Budget:
(Previous -$129B, Actual -$87B)
Major Indices:
S&P 500: +0.14%
Nasdaq: -0.09%
Dow Jones: +0.52%
Wednesday, January 15
Stock Related News:
The FDA just announced plans to ban the artificial food coloring Red No. 3, which has been linked to cancer
TikTok is reportedly planning to shut off its app for users in the US on Sunday when it is due to be banned with the goal of bringing home the impact of theban to all users immediately
Citi just announced a new $20 billion share buyback program
Gaza ceasefire deal has been reached
TikTok’s operations could be worth as much as $50 billion if Bytedance decides to sell
FTC sues Deere, alleging equipment repair “monopoly” raises costs for farmers
Economic News:
Consumer Price Index:
(Previous 0.3%, Actual 0.4%)
Core CPI:
(Previous 0.3%, Actual 0.2%)
Major Indices:
S&P 500: +1.82%
Nasdaq: +2.30%
Dow Jones: +1.67%
Thursday, January 16
Stock Related News:
Donald Trump considers executive order hoping to ‘save TikTok’ from ban in US law
Ban on TikTok is poised to be delayed
Apple is reportedly in talks with Barclays and Synchrony Financial to replace Goldman Sachs as a credit card partnership
Goldman Sachs CEO Solomon says IPO market is ‘going to pick up’ along with dealmaking
Fed Waller:
Inflation data for December was very good
If numbers continue like this reasonable to think rate cuts could come in first half of year
Trump adviser says incoming administration will keep TikTok from going dark “as long as a viable deal is on the table”
Symbotic has agreed to buy Walmart’s Robotics Unit for $200 Million in cash and up to $350M in future additional payments
Economic News:
Initial Jobless Claims:
(Previous 203k, Actual 217k)
Retail Sales:
(Previous 0.8%, Actual 0.4%)
Import Price Index:
(Previous 0.1%, Actual 0.1%)
Major Indices:
S&P 500: -0.19%
Nasdaq: -0.70%
Dow Jones: -0.16%
Friday, January 17
Stock Related News:
Supreme Court ruled against TikTok’s challenge that would force a sale or ban of the app in the United States
Taiwan Semiconductor’s CEO said:
The company’s new facility is not likely to receive the latest chip technology before facilities in Taiwan because of compliance issues, domestic construction rules and several permit requirements
President Biden is not expected to enforce a ban on TikTok that is set to go into effect this weekend
President Elect Donald Trump:
My decision on TikTok will be made in the not too distant future
ISM commissioner to quit as US President-Elect Donald Trump takes office
Coinbase just endorsed the idea of a bitcoin strategic reserve
Economic News:
Housing Starts:
(Previous 1.29M, Actual 1.5M)
Industrial Production:
(Previous 0.2%, Actual 0.9%)
Capacity Utilization:
(Previous 77.0%, Actual 77.6%)
Major Indices:
S&P 500: +1.00%
Nasdaq: +1.68%
Dow Jones: +0.77%
