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- Rippers Weekly Recap 5/27
Rippers Weekly Recap 5/27
Hey everyone, itβs @StockMKTNewz Evan!
I spend 70 hours every week looking for news so you don't have to. That causes me to tweet a lot which can be hard to keep up with. Having somewhere to put all the major stories in 1 easy to view place is really valuable, and that's why I make this newsletter!
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This Week's Major Headlines
JUST IN:
Apple $AAPL has signed a multibillion-dollar deal with Broadcom $AVGO to make components in the US
β Evan (@StockMKTNewz)
1:07 PM β’ May 23, 2023
JEROME POWELL AND THE FED'S PREFERRED INFLATION INDEX JUST RELEASED
PCE for April came in at +4.4% YoY above expectations of +3.9% (+0.4% in line with expectations)
β Evan (@StockMKTNewz)
12:32 PM β’ May 26, 2023
Janet Yellen just said the US could default on its debt as early as June 5th if the debt ceiling isnt hiked compared to her previous estimate of June 1st
β Evan (@StockMKTNewz)
8:22 PM β’ May 26, 2023
NVIDIA $NVDA JUST REPORTED EARNINGS
EPS of $1.09 beating expectations of $0.92
Revenue of $7.19B beating expectations of $6.5Bβ Evan (@StockMKTNewz)
8:20 PM β’ May 24, 2023
Nvidia $NVDA said the word "AI" 105 times on its Q1 earnings call
β Evan (@StockMKTNewz)
1:57 PM β’ May 25, 2023
Nvidia $NVDA has been reporting revenue between $6B-$8B over the last 2 years
Nvidia just said next quarter it expects revenue to come in at $11 Billion above expectations of $7B
β Evan (@StockMKTNewz)
8:37 PM β’ May 24, 2023
JUST IN:
JPMorgan $JPM is developing a ChatGPT-like AI software service to select investments for customers
JPMorgan has applied to trademark a product called IndexGPT this month - CNBC
β Evan (@StockMKTNewz)
9:59 PM β’ May 25, 2023
Facebook acquired Giphy for $400 Million in 2020
$META just agreed to sell it to Shutterstock $SSTK for $53 Million
β Evan (@StockMKTNewz)
1:32 PM β’ May 23, 2023
FITCH PLACES US AAA RATING ON CREDIT WATCH NEGATIVE
Fitch talking about a possible πΊπΈ credit downgrade because of the debt limit talks π
β Evan (@StockMKTNewz)
10:39 PM β’ May 24, 2023
Sonyβs PlayStation handheld which is designed to stream PS5 games over Wi-Fi will reportedly be arriving in November - The Verge $SONY
β Evan (@StockMKTNewz)
11:35 AM β’ May 25, 2023
Tesla's $TSLA Model Y is the first ever EV to become the world's best-selling car during a quarter beating out Toyota's Rav4 and Corolla in Q1 according to analytics from Motor1 - The Verge
β Evan (@StockMKTNewz)
2:47 PM β’ May 26, 2023
Elon Musk's Neuralink just announced it has received FDA approval for its first-in-human clinical study
β Evan (@StockMKTNewz)
10:20 PM β’ May 25, 2023
Ford $F CEO Jim Farley just said in early 2024 Ford will have access to 12,000 high speed Tesla $TSLA superchargers
β Evan (@StockMKTNewz)
9:35 PM β’ May 25, 2023
COSTCO $COST JUST REPORTED EARNINGS
EPS of $2.93 missing expectations of $3.31
Revenue of $52.6B missing expectations of $54.58Bβ Evan (@StockMKTNewz)
8:16 PM β’ May 25, 2023
JUST IN:
OpenAI will start using Microsoft's $MSFT Bing as the default search experience for ChatGPT twitter.com/i/web/status/1β¦
β Evan (@StockMKTNewz)
3:07 PM β’ May 23, 2023
Google $GOOGL owned Waymo and $UBER just announced a new multi-year partnership that will see some of Waymoβs autonomous vehicle technology join Uberβs platform
β Evan (@StockMKTNewz)
12:02 PM β’ May 23, 2023
Disney $DIS just dismissed the idea of building miniparks in the US, saying it would instead spend on its major theme parks and cruise ships - Reuters
β Evan (@StockMKTNewz)
4:14 PM β’ May 22, 2023
JPMorgan $JPM just said its net interest income would increase by $3 billion this year due to its purchase of First Republic Bank - Reuters
β Evan (@StockMKTNewz)
11:34 AM β’ May 22, 2023
PayPal $PYPL owned Venmo just announced the launch of its new Venmo Teen Account
β Evan (@StockMKTNewz)
12:03 PM β’ May 22, 2023
Get Prepared For The Week Ahead!
That's it for today β thanks for reading! Want more Rippers? Make sure you're subscribed to this newsletter and never miss a weekly recap
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