Rippers Weekly Recap 12/17: SBF Arrested!

Hey everyone, it’s @StockMKTNewz Evan! You can always see the moves I make and what individual stocks I own on my Savvy Trader Portfolio.

I spend 70 hours every week looking for news so you don't have to. I want you to see everything major from the week in under five minutes, but also be able to spend hours digging through all the stories and pictures. To that end, I include a lot of links (every picture has one). So, if you’re interested in a story or image, click in and explore!

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

Oracle reported earnings Monday after the market closed, posting numbers of:

• EPS of $1.21, beating expectations of $1.18

• Revenue of $12.3B, beating expectations of $12.04

Adobe reported earnings Thursday after the market closed, posting numbers of:

• EPS of $3.60, beating expectations of $3.50

• Revenue of $4.53B, in line with expectations

Major Headlines From This Week

Monday:

• SBF has been arrested by Bahamian authorities - Tweet

• Microsoft has agreed to acquire ~4% of the London Stock Exchange - CNBC

• Apple's investment in Japan has now surpassed $100B - Reuters

• US scientists have for the first time successfully produced a nuclear fusion reaction, resulting in a net energy gain - Axios

• Sony PlayStation 5 sales in the US surged over the last couple of weeks as supply chain issues ease - Bloomberg 

• Record numbers of young adults living with their parents are helping drive the boom for luxury goods in the US and UK - Bloomberg

• Weber has agreed to be taken private by BDT Capital for $8.05 per share, which implies a total enterprise value of $3.7B for Weber - SeekingAlpha

• Pfizer projects between $10-15B of annual revenue from MRNA vaccines by 2030 - Reuters

• Raytheon authorized a new $6B share buyback program - Newswire

• Rivian has scrapped its plans to make electric vans in Europe with Mercedes - CNBC

• Amazon’s Chief Security Officer said there’s a worldwide cyber talent shortage and they’re relying on a combination of internal training and active recruitment to help navigate - WSJ

• The US government spent $249B more than it brought in during November, expanding from $191.34B in Nov 2021 - WSJ

• Apple is partnering with Tata Group to open 100 stores that exclusively sell Apple products in India - Economic Times

• SpaceX is offering to sell insider shares of the private company for $77 per share, valuing the SpaceX at $140B - Bloomberg

• IBM and Rapidus announced a strategic partnership to build advanced semiconductors in Japan - IBM

• Disney's Black Panther: Wakanda Forever has now brought in $413.6M at the US box office. This makes it the 33rd highest-grossing movie of all time in the US after just 5 weeks of being out - BoxOfficeMojo

• Meta is splitting up its Connectivity arm almost 10 years after launching the initiative, dividing the division across its Infrastructure and Central Products teams - The Verge

• Japan and the Netherlands have agreed in principle to join the US in tightening controls over the export of advanced semiconductor machinery to China - Bloomberg

• FedEx announced the launch of FedEx Consolidated Returns: "A solution that offers a low-priced, easy e-commerce returns option that merchants can pass on to shoppers" in the US, starting in early 2023 - FedEx

Tuesday:

• CPI for November came in at 7.1% YoY, below expectations of 7.3%

I created a full cheat sheet for CPI which you can view here

• A new bill proposed by a bipartisan group of lawmakers seeks to ban TikTok in the US - CNBC

• Apple is working on a new project that would see Apple allow outside App Stores on the iPhone for the first time - 9To5Mac

• Instagram is testing "Candid Stories," a new way "for you and your friends to capture and share what you’re doing right now in a story that’s only visible to those who also share their own" … (So BeReal on Instagram) - Meta

• SoFi CEO Anthony Noto filed for his purchase of 1.1M shares of SoFi at an average price of $4.42 per share - SEC

• Twitter is working on a plan to force users to opt-in to personalized ads & share their location data. It’s considering letting those who pay for Twitter Blue to opt-out of data sharing - Platformer

• Realty Income raised its monthly dividend to $0.2485 per share up from $0.248 - PR

• Elon Musk has lost his spot as the richest person in the world to Bernard Arnault - Bloomberg Billionaires Index

• Billionaire Ken Griffin sued the IRS and Treasury Department seeking damages after the disclosure of his tax records - WSJ

• Spotify is ending production of several live audio shows - Tech Crunch

• Twitter has reportedly not paid rent for its global offices or San Francisco headquarters in weeks, as Musk’s team has been trying to renegotiate the terms of the company’s lease - CNBC

Wednesday:

• Jerome Powell and the Fed just raised rates by 50 basis points (0.50%) to between 4.25%-4.5%

I created a full cheat sheet for FOMC which you can view here

• The SEC charged 8 individuals including Zack Morris and PJ Matlock in a $100M securities fraud scheme, alleging they used Twitter and Discord to manipulate stocks - SMN

• Germany has set asied $10.5B to buy 35 Lockheed Martin F-35A Lightning II fighter jets - Bloomberg

• California approved $2.9B of spending to build out its network of electric vehicle chargers and hydrogen fueling stations - Bloomberg

• Nvidia CEO Jensen Huang just triggered employee stock options buying 237.5K shares of Nvidia at an average price of $4 per share - SEC

• Walmart introduced a new feature that lets customers shop by text - Walmart

• Apple announced a new 4-part documentary about last year's failed attempt to set up a European super-league that will be released on AppleTV+ on January 13 - Deadline

• BNY Mellon will award all of its employees 10 shares of stock each - Bloomberg

• ​Microsoft plans to bring internet access to 100 Million Africans by the end of 2025 - Microsoft

• An ex-Twitter employee was convicted of acting as a spy for Saudi Arabia and received 3.5 years in prison - CNBC

• Tesla is preparing to run three shifts starting this week at its factory near Berlin, resulting in a 24-hours-a-day production schedule - MOZ

• The new FTX CEO John J. Ray that is helping the company through bankruptcy is making $1,300 per hour, plus “reasonable expenses” - CNBC

• Elon Musk filed a Form 4 for his sale of $3.6B worth of Tesla stock - SEC

Thursday:

• Tesla and the state of Nuevo León in Mexico are expected to announce as early as next week a Tesla factory near the city of Santa Catarina - Bloomberg

• Google is beta testing digital state ID cards in its Android Wallet app - The Verge

• Netflix is reportedly falling short of ad-supported viewership guarantees made to advertisers and allowing advertisers to take their money back for ads that have yet to run - DigiDay

• Walmart’s drone delivery service is now available for select customers in Tampa, Orlando, Dallas, and Phoenix - Axios

• Tesla's Texas Gigafactory has now hit 3,000 Model Y builds per week - Twitter

• Home flipping profits drop at the fastest pace in over a decade - CNBC

• The House just passed legislation that would allow Puerto Ricans to vote on three options for their future independence, become the 51st state or "sovereignty in free association with the US" - WSJ

• Ford has increased the price of the base F-150 Lightning now starting at $56,000 up from $52K - Electrek

• Tesla launched ‘Tesla Electric’ to become an electricity retailer through its Powerwall owners - Electrek

• Avatar 2 launched in 15 overseas markets, bringing in $15.8M at the box office giving it a better start than Top Gun: Maverick - Deadline

• OpenAI the owner of ChatGPT projects it will bring in $1 Billion of Revenue by 2024 - Reuters

• Meta has halted the construction of two data centers in Denmark, and will instead focus on a new type of data center used for artificial intelligence - Economic Times

• Roblox just released its November user numbers, showing Daily Active Users of 56.7M up 15% YoY and Hours Engaged of 3.9B up 8.3% YoY - Roblox

• The Bank of England today raised rates by an expected 50 basis points to 3.5% - SeekingAlpha

• Nikola founder Trevor Milton asked for a new trial on charges he misled investors - Bloomberg

Friday:

• The Fed's blackout window is now over ... expect 5,000 Fed speakers every week again, here are some headlines from Friday

  • Mester: Fed will have to keep funds rate above 5% next year

  • Mester: Expects Fed to hike by more than its median forecast

  • Daly: I don't know why markets are so optimistic about inflation

  • Daly: Everyone at Fed expects rates to hold for all of 2023

  • Daly: Will need to get unemployment to mid-4% or even higher

  • Williams: Doesn't see need for funds rate over 6%

  • Williams: Possible Fed will hike more than fomc terminal rate forecast

• Marc Benioff just told Salesforce & Slack employees he’s concerned they’re not being productive enough and asked if it was because of the flexible office policy - Platformer

• Cathie Wood's Ark Innovation ETF has seen net inflows of more than $1.5B in 2022 - SeekingAlpha

• PepsiCo plans to roll out the 100 Tesla Semis it reserved in 2023. PepsiCo is purchasing the trucks “outright” and is upgrading its plants, including installing 4 750-kilowatt Tesla charging stalls at both its Modesto and Sacramento locations - Reuters

• The Biden administration plans to buy 3 Million barrels of oil to help replenish the country’s strategic reserves. - The Hill

• Alibaba co-founder Joseph Tsai indicated he plans to sell about $260M worth or 8% of his personal holdings in the company - Reuters

• Goldman Sachs plans to fire as many as 4,000 employees in what could be a cut of up to 8% to its workforce early next year - Semafor

• Nancy Pelosi backs adding a TikTok ban from government devices to the funding bill - The Hill

• Japan unveiled its biggest military build-up since World War Two with a $320 Billion plan that will ready it for sustained conflict, citing concerns that China will pose a regional threat - Yahoo

• Meta is shutting down its Cameo-like app “Super” on February 15th - Tech Crunch

• Elon Musk is reportedly seeking new investors for Twitter to buy in at the $54.20 price Elon paid - Semafor

• John Carmack known for his work on virtual reality as well as classic games like Doom and Quake, is stepping down from his role as a consulting CTO at Meta - The Verge

• Advent International has agreed to acquire Maxar Technologies for $53 per share in a deal that values the satellite owner at about $4 Billion - WSJ

• Waymo’s driverless robotaxis are now doing airport trips in Phoenix - The Verge

Get Prepared For Next Week

Economic Calendar

Earnings Calendar

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