Rippers Daily Recap 2/8: Happy Birthday to the NASDAQ!

Hey Rippers fam!

Hey everyone, it’s Evan! But I’m better known online as @StockMKTNewz. If you know me, you know I tweet way too much for any sane person to track. So, I thought I would narrow down my hundreds of tweets to get you caught up here in under 5 minutes on all the news from today you need to know! 

Let me know what you think of this new daily format, my DMs on Twitter and Instagram are open! Today, we're covering the market recap, biggest headlines, what happened on this day in history, and our favorite finmemes!

Here's How The Stock Market Performed Today

The Major Indexes

• Nasdaq 100 $QQQ closed at $14,203.05 up 1.34%

• Dow Jones $DIA closed at $35,463.84 up 1.06%

• S&P 500 $SPY closed at $4,522.49 up 0.86%

Heat Map of the S&P 500

How The Largest Stocks Performed

Best Performing Large Cap Stocks

Worst Performing Large Cap Stocks

Major Earnings Headlines

Earnings Headlines

Peloton $PTON (+25.28 as of market close) reported earnings this morning posting numbers of:

• EPS of -$1.39 missing expectations of -$1.2

• Rev of $1.13B missing expectations of $1.15B

Biggest Headlines (via CNBC):

1. Peloton CEO John Foley will step down as CEO to become executive chair

2. In an effort to reduce cost Peloton will be cutting its workforce by ~2,800 people

Pfizer $PFE (-2.84% as of market close) reported earnings this morning posting numbers of:

• EPS of $1.08 beating expectations of $0.87

• Rev of $23.8B missing expectations of $24.2B

Fiserv $FISV (-5% on the day) reported earnings this morning posting numbers of:

• EPS of $1.57 beating expectations of $1.56

• Rev of $4.26B beating expectations of $4.03B

Chipotle $CMG (+6% in after-hours) reported earnings this morning posting numbers of:

• EPS of $5.58 beating expectations of $5.26

• Rev of $1.96B in line with expectations

Major Headlines

• Uber is introducing a new feature for its app that will emit a series of chimes until you buckle your seatbelt - The Verge

• Later this year, US merchants will be able to accept Apple Pay and other contactless payments just by using their iPhone and a partner-enabled iOS app - Business Wire

• Amazon is seeking EU approval for its MGM Holdings deal, setting a March 15th deadline - Reuters

• Deere agreed to acquire a majority stake in Kreisel Electric - PR Newswire

• Ford has started shipping 2022 E-Transit Vans to US customers - InsideEVs

• Apple has acquired AI Music, a startup that uses artificial intelligence to generate personalized soundtracks - MacRumors 

• Nvidia has reportedly officially terminated its plans to acquire Arm Holdings. Nvidia intends to record a $1.36B charge in Q1 2023 as a part of the termination deal inclusive of its $1.25B prepayment provided at signing of the Arm deal - Financial Times

• Nvidia has reportedly officially terminated its plans to acquire Arm Holdings. Nvidia intends to record a $1.36B charge in Q1 2023 as a part of the termination deal inclusive of its $1.25B prepayment provided at signing of the Arm deal - Financial Times 

• Microsoft is reportedly pursuing a deal to acquire security firm Mandiant - Bloomberg

This Day in History

On this day in 1971, the NASDAQ exchange began operations as the world's first electronic stock market.

The exchange first started as an over-the-counter (OTC) system of trading. But through the years, it became a more rounded market and added trade and volume reporting. Today, the NASDAQ has over 3,000 stocks listed and is home to names like $AAPL, $AMZN, and $TSLA — just to name a few.

On this day in 2005 Google launched Google Maps — the first web application that allowed consumers to map from point A to point B.

Today, around 155 million people use Google Maps on a monthly basis, with features including Google Earth, Street View, and Google My Business.

On this day in 2021, Tesla disclosed its purchase of $1.5 billion worth of Bitcoin ($BTC) to hold on its balance sheet. Tesla originally intended to accept Bitcoin as payment, but Elon Musk famously called it out for its immense energy use. This caused the price to fall from nearly $65k to $35k in the matter of weeks.

Tesla is still holding the majority of its Bitcoin, except for one sale netting a $128 million profit on 10% of their position back on June 13, 2021. As of Feb. 7, Tesla $TSLA said the value of its $BTC holdings as of Dec. 31 was $1.99 billion.

Tomorrow: Economic Calendar & Earnings Expectations

Wednesday's Upcoming Macro Calendar:

Earnings Expectations:

*All the numbers are consensus Wall ST expectations*

Disney: EPS of $0.63 up 96.9% YoY, Rev of $20.96B up 29% YoY

The numbers will be released around 4:05PM EST, with the conference call starting at 4:30PM EST

Uber: EPS of -$0.29 up from -$0.54 in Q4 2020, Rev of $5.37B up 69.4% YoY

The numbers will be released around 4:05PM EST, with the conference call starting at 5:00PM EST

Best of FinTwit

My new favorite meme formatting:

That's it for today! Thanks for reading Rippers! Stay bullish, and we'll see you all in the next one 🔥