Happy Monday Zingers! And a friendly reminder that there is an extra day in February this year. So, let’s take a look at some Leap Year fun facts.

• The extra business day is expected to bring in more than $50 billion in GDP, more than the entire GDP of states like Wyoming, Vermont and South Dakota

• The premise of the Leap Year is a lot older than you may think– the first one was in 46 BC according to historians

• More than four million people around the world have birthdays on February 29th… and sometimes they are called ‘Leaplings’

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MARKET SNAPSHOT

Last Week: It was a pretty flat Friday, but the market still closed the week within 1% of all-time highs. NVIDIA’s strong earnings helped propel the market back to highs after a minor sell-off.

On Our Radar: New home sales numbers come out at 10 am ET, and then later this week (on Feb 29) we will get initial jobless claims and PCE numbers which could determine the market’s next move.

TOP STORY

Apple And Samsung Hop Into The Ring

Briefly: Oh boy, we’ve got an old-fashioned ring off. Apple and Samsung are reportedly both working on their own ‘smart ring’ concepts. The rings will give users health data and could be the next generation of wearable tech.

What Happened: Samsung has officially announced that the Galaxy Ring will be showcased at the MWC 2024. This new wearable is part of Samsung’s broader strategy to integrate health features into its devices.

Quoted: "Samsung Electronics will unleash new mobile experiences with Galaxy AI at Mobile World Congress 2024, which kicks off today in Barcelona," the company said. 

Why It Matters: The Galaxy Ring is a significant addition to Samsung’s health tech portfolio. The company has been making strategic moves in the health tech sector, including plans to challenge Apple with noninvasive blood sugar monitoring. 

Learn More: Read more about the ring race here.

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FIVE ZINGERS

Loophole: Netflix may have nixed an official app for Apple’s Vision Pro, but one developer created a workaround for users to binge their favorite shows.

First Day Jitters? Amazon’s like the new kid walking into school for the first time. Today will be its first official day trading in the Dow Industrial Average.

Pizza Party: Domino’s Pizza is set to report earnings before the open today. Here’s why some analysts are expecting a pizza party on Wall Street.

Takin’ A Breather: A few analysts are expecting the market to stall out a little bit and take a breather after the latest rally to all-time highs.

End Of An Era: The analyst who coined the term ‘Magnificent Seven’ said that he doesn’t see the seven tech stocks trading together anymore… here’s why.

ONE FOR THE ROAD

Instagram Is Working On A Snapchat-like 'Friends Map' Feature: Here's How It Works

Briefly: Instagram is working on a new feature that mimics Snap Inc.'s "Snap Map". This will allow users to share their location with their friends from within Instagram, instead of having to use Snapchat.

What Happened: Mobile developer Alessandro Paluzzi discovered the Instagram "Friends Map" feature that has been in the works for a few months now.

Basically: Paluzzi discovers upcoming features in popular apps like Instagram before they are officially announced. He had discovered the first iteration of the "Friends Map" feature back in November, but since then, Instagram has added additional functionality to get it ready for release.

Why It Matters: Instagram has been adding new features to the app to keep it fresh and fun for its users amid reports that more than a million users search for "How To Delete Instagram" every month.

What Next: Read the full breakdown here.  

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