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🍎 Apple's Next Winner?
What analysts are saying about demand for Apple's new headset, why big banks are recommending treasuries on the dip and more
Brooks Dyroff
January 22, 2024
Happy Monday Zingers! If you thought Chat GPT and AI tools are just for helping you write work emails, think again. One opportunistic developer created a service that helps people flirt on dating apps like Tinder using AI.
Look, there are a lot of things I’ll do for a date, but using cheesy AI responses on dating apps is not one of them. Plus, it might get a little awkward if you do go on a date and keep having to look at your phone for what to say next.
Today, we’re taking a look at demand signals for Apple’s newest product, an earnings preview and more.
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MARKET SNAPSHOT
Last Week: All major indices closed higher, with tech showing the most strength. The NASDAQ Composite closed up more than 2% on the week.
On Our Radar: We will get leading economic indicators at 10am ET. It’ll be a busy week in econ land with jobs data and PCE still to come.
TOP STORY
So Basically: Tech analyst Ming-Chi Kuo recently shared noteworthy insights from the first pre-order weekend review of Apple Inc.’s Vision Pro, the company’s first mixed-reality headset.
And Then: Kuo, an analyst at TF International Securities, late Sunday evening shared his review saying "Based on pre-order inventory and shipping time, I estimated that Apple sold 160,000 to 180,000 Vision Pro units during the first pre-order weekend."
Concerning? However, while the immediate sell-out and extended shipping times initially appeared favorable, "a key concern emerged."
Quoted: "Shipping times remained unchanged 48 hours after pre-orders opened. It indicates that demand may quickly taper off after the core fans and heavy users place their orders," he said.
What Next: Check out the full story here.
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FIVE ZINGERS
Let It Snow: Rivian’s CEO touted its “snow mode” and shared pictures of its electric truck cutting through winter storms.
Buy The Dip? Big banks like Morgan Stanley and JP Morgan are urging investors to take advantage of treasuries.
Make It A Venti: Here’s why this analyst with an 84% accuracy rate sees potential upside in Starbucks.
That Time Of The Year: We’ve made it to another cycle of earnings reports. Here’s what’s in store for Tesla, Netflix and more.
Ring The Register: Insiders are ringing the register and selling shares at Goldman Sachs and these other stocks.
ONE FOR THE ROAD
What Happened: The FAA issued a recommendation on Sunday for airlines to inspect the door plugs on their Boeing 737-900ER aircraft, Reuters reported. The directive follows reports of unspecified bolt issues during inspections by some operators.
More Deets: The 737-900ER, although not part of the newer MAX fleet, shares the same optional door plug design. This design allows for the addition of an extra emergency exit door when carriers choose to install more seats.
So Basically: The FAA has recommended that air carriers perform crucial parts of a fuselage plug assembly maintenance procedure related to the four bolts used to secure the door plug to the airframe “as soon as possible.”
What Next: Read the full story here.
A MESSAGE FROM BENZINGA
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