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đź“ť Elon's Big Test
Plus, Trump just sold a lot of crypto, Netflix's beat and raise, Dolly Parton's new products and more
Brooks Dyroff
January 24, 2024
Happy Wednesday Zingernation! I used to have it so good. My metabolism allowed me to eat anything under the sun without gaining weight, free meals and laundry from my mom, which was all great but that’s not what I’m talking about.
I’m talking about before Netflix started cracking down on password sharing and my smart TV was still signed in to my ex girlfriend’s prior boyfriend’s parents’ Netflix account. Thanks Todd and Mary. But that all came to an end and $NFLX announced last night that its pleased with it’s password policing. That doesn’t mean I am.
“I wish there was a way to know you’re in the good old days before you’ve actually left them” - Andy Bernard
Also, don't miss these powerful Options strategies designed specifically for this time of year!
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MARKET SNAPSHOT
Yesterday: Was a pretty strong day for the market overall, with Chinese names and tech stocks leading the way.
On Our Radar: More earnings comin’ right atcha. Abbott, AT&T, ASML and more report before the open. But let’s be honest, the big one will be Tesla after the close. Can Elon do it again?
TOP STORY
Briefly: Traders were Netflix and buying, not chilling, after the company’s strong earnings report and raised guidance.
The Reaction: Netflix’s stock jumped up more than $40 to around $535 in the after-hours session following the report. That’s good for nearly 9%. For context, Netflix’s stock is up more than 170% from its lows in 2022.
Background: Netflix said it is been happy with its password cracking down efforts. The company also cited strong growth of its ad-tier subscription model as a growth driver for the company.
What Next: Read more about Netflix’s quarter.
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FIVE ZINGERS
What’s He Cookin’? Dwayne Johnson worked out a deal with the WWE to get rights to the nickname “The Rock”.
Beast Mode: He’s not just racking up millions of views on YouTube. MrBeast has made some lucrative business deals from chocolate to food delivery.
Better Late Than Never: But never late is better. Either way, Apple is scaling back expectations for its Apple Car, but says it’ll be here in 2028.
Sell High: Look, there’s nothing about HODL’ing in the “Art Of The Deal”. Well, there could be, I’ve never read it. Either way, Trump just sold a lot of crypto.
Nine To Five: Well, maybe more like nine to noon. Dolly Parton just released new breakfast products like pancake mix with Conagra brands.
ONE FOR THE ROAD
What Happened: You have to give credit where credit is due. And Cathie Wood has made a killing on Tesla.
Basically: She still loves Elon Musk, praising him in a an interview on CNBC yesterday. "Elon Musk is a visionary leader. He's our renaissance man. He's the inventor of our age," Wood said.
Earnings Report: Tesla is set to report earnings today, expecting revenue of about $26 billion in the last quarter, around $2.5 billion higher than the same time period last year.
What Next: Read the full breakdown here.
PRESENTED BY VANTAGEPOINT
For most Americans, 2024 doesn’t feel like we’re starting with a roaring market.
Most independent traders underperform the S&P, but could this year be any different?
When Wall Street firms and hedge funds leverage A.I. to scour millions of data points, how can a retail trader like yourself compete?
What chance do you have?
Attend this live class and learn how to forecast market trends in advance with up to 87.4% proven accuracy.
This dual-patented A.I. tool doesn’t exist anywhere else and it’s changing the lives of over 35,000 traders worldwide.
Look forward to seeing you there.