HaiKhuu Weekly Recap & Analysis
April 22 - April 26, 2024
MAJOR EVENTS OF LAST WEEK
Major Indices’ Weekly Movement:
S&P 500: +1.68%
Nasdaq: +2.36%
Dow Jones: +0.29%
Highlights:
Google reached an all-time high of $181.86 and declared a quarterly dividend of $0.20 per share, the first dividend in the history of the stock
Tesla stock surged 20% after missing EPS and revenue expectations
HaiKhuu Trading was quoted in the Wall Street Journal article “The Thrill Factor Is Back for Retail Investors”
DAILY EVENT BREAKDOWN
Monday, April 22
Stock Related News:
The New York Stock Exchange is testing views on a 24/7 stock market
The U.S. Department of Defense has awarded Intel Foundry Phase Three of its Rapid Assured Microelectronics Prototypes- Commercial (RAMP-C) program
Kroger and Albertsons are to sell 166 more stores to gain regulatory approval for $25 billion merger
Fifa is close to a TV deal with Apple for a new soccer tournament, the agreement with Apple could be announced this month
Amazon is closing its drone deliveries in California, and will start them in Arizona
Economic News:
Chicago National Activity Index 0.15 (Forecast 0.09, Previous 0.05)
6-Month Bill Auction
Bid-to-cover ratio 2.80
High rate 5.160%
Sells $74 bln
Awards 45.65% of bids at high
3-Month Bill Auction
High rate 5.255%
Bid-to-cover ratio 2.78
US sells $74 bln
Awards 15.4% of bids at high
Major Indices:
S&P 500: +0.92%
Nasdaq: +1.01%
Dow Jones: +0.68%
Tuesday, April 23
Stock Related News:
Apple is reportedly developing its own customer silicon for AI servers
The AI server processor will use TSMC’s 3nm process, targeting mass production by the second half of 2025
Amazon launched a low-cost grocery delivery subscription plan in the US
The subscription plan would allow Amazon’s Prime members to get unlimited grocery delivery at $9.99 per month on orders over $35 from Whole Foods Market, Amazon Fresh, and other local grocery and specialty retailers on the platform
Tesla is planning a voluntary redundancy program intended to reduce workforce in Germany by 400
Apple’s sales of iPhones in China dropped by 19% in the first quarter
Adobe introduced Firefly Image 3 Foundation Model
Firefly 3 will power the new Adobe Photoshop with Advanced Generative Fill and Generate Image
Disney and Warner are in talks to renew NBA broadcast rights as exclusive period ends
Coca-Cola signed a $1.1 billion deal to use Microsoft cloud, AI services
Under the agreement, Microsoft and Coca-Cola will “jointly experiment” with Azure OpenAI
Apple has reportedly lowered its forecast for the number of Vision Pros it plans to ship in 2024 to 400-450k units (vs. market consensus of 700-800k units or more) according to Apple insider Ming Chi Kuo
IBM is nearing a deal for cloud-software provider HashiCorp
The takeover could value HashiCorp at a premium to its market value of $4.9B
FTC Banned Noncompete Clauses That Restrict Job Switching
Tesla sees 2024 vehicle production growth rate “notably lower” than in 2023, citing launch of next gen vehicle
Economic News:
Redbook YoY 5.3% (Previous 4.9%)
S&P Service PMI Flash 50.9 (Forecast 52, Previous 51.7)
S&P Manufacturing PMI Flash 49.9 (Forecast 52, Previous 51.9)
S&P Composite PMI Flash 50.9 (Forecast 52, Previous 52.1)
Richmond Fed. Comp. Index -7 (Forecast -8, Previous -11)
New Home Sales
Units 0.693M (Forecast 0.669M, Previous 0.662M)
Change MoM 8.8% (Forecast 1.1%, Previous -0.3%)
Major Indices:
S&P 500: +1.19%
Nasdaq: +1.49%
Dow Jones: +0.69%
Wednesday, April 24
Stock Related News:
Boeing Earnings:
Rev. $16.57B, est $16.25B
Core loss/shares $1.13, est $1.72
Meta Platforms Earnings:
EPS $4.71, beating estimate of $4.30
Revenue $36.46b, beating estimate of $36.12b
President Biden signs TikTok Divestment-Or-Ban bill into law
Moderna and OpenAI to Collaborate to Advance mRNA Medicine
Snowflake Launches Arctic: The Most Open, Enterprise-Grade Large Language Model
The Department of Transportation has issued a new rule requiring airlines to give you an automatic refund if your flight is canceled or delayed or if they lose your bags
Economic News:
Durable Goods 2.6% (Forecast 2.5%, Previous 1.3%)
Core 0.2% (Forecast 0.2%, Previous 0.3%)
5-Year Note Auction
Bid-to-cover ratio 2.39
High yield 4.659% vs. 4.655% presale WI
Sells $70 bln
Primary dealers take 15.02%
Direct 19.24%
Indirect 65.74%
Major Indices:
S&P 500: -0.05%
Nasdaq: +0.34%
Dow Jones: -0.15%
Thursday, April 25
Stock Related News:
Microsoft Earnings:
Rev. $61.98, est. $60.87b
EPS $2.94
Alphabet Earnings:
Revenue $80.54B, est $79.04B
EPS $1.89, est $1.53
Google reached an all-time high of $181.86 and declared a quarterly dividend of $0.20 per share, the first dividend in the history of the stock
Amazon's cloud-computing arm said it would invest $11 billion in Indiana to build data centers, marking the state's largest capital investment, and promising at least 1,000 jobs
The NBA is advancing toward a series of major media deals, with Amazon and Google’s YouTube vying for a new streaming package
Economic News:
GDP QoQ Advance 1.6% (Forecast 2.5%, Previous 3.4%)
GDP Price Index 3.1% (Forecast 3%. Previous 1.6%)
Jobless Claims:
Initial 207k (Forecast 215k, Previous 212k)
Continued 1.781M (Forecast 1.8135, Previous 1.812M)
Core PCE Prices Advance 3.7% (Forecast 3.4%, Previous 2.0%)
Major Indices:
S&P 500: -0.38%
Nasdaq: -0.48%
Dow Jones: -0.92%
Friday, April 26
Stock Related News:
HaiKhuu Trading was quoted in the Wall Street Journal article “The Thrill Factor Is Back for Retail Investors”
Homeland Security Secretary Alejandro Mayorkas announced OpenAI CEO Sam Altman, Microsoft CEO Satya Nadella, and Google CEO Sundar Pichai are among the members of a new federal Artificial Intelligence Safety and Security Board
Economic News:
PCE for March: +2.7% YoY above expectations of 2.6% (+0.3% MoM in line)
Core PCE for March is +2.8% YoY above expectations of 2.7% (+0.3% MoM in line)
UMich Inflation Expectations & Sentiment:
Major Indices:
S&P 500: +1.22%
Nasdaq: +1.83%
Dow Jones: +0.55%
