Happy Monday Zingernation! Last week we highlighted some fun facts about Super Bowl Sunday. But the day after the big game (today) has some pretty interesting numbers as well.

• Sales of antacid tabs, like Tums, are expected to surge more than 20% as people try to recover from the buffalo chicken overdose.

• But many don’t seem able to recuperate from their food comas, with more than 15 million Americans expected to call in sick to work today.

Before we dive in, check out today’s partner who’s revolutionizing the at-home workout.

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MARKET SNAPSHOT

Last Week: Big tech put the team on its back, with the QQQs closing up nearly 2% on the week, powered by $ARM’s blow-out earnings report.

On Our Radar: We will hear from Fed Governor Michelle Bowman at 9:20 am, and then some more Fed Speak later in the day from Minneapolis Fed President Neel Kashkari at 1pm ET.

TOP STORY

Tesla Used Car Values Sink 50% From Mid-2022 Peak: What It Means For EV Giant, Users

Briefly: Tesla used car prices continued to plummet, hitting a new record low last week, possibly reflecting the effects of the company’s recent price cuts.

What Happened: Data from automotive research and shopping website CarGurus showed that used Tesla car prices dropped to $33,913 on Feb. 10, marking a decrease of approximately 30% year-over-year.

Basically: The most significant decline was seen in the Model X, which now trades at $45,873, down by 34.25%. Similarly, the price of a used Model S fell by roughly 33% to $34,355.

So? The drop in price shows that consumers aren’t rushing out to buy used Teslas. This could be a sign that people aren’t as ready for the EV transition as some automakers hoped.

Read On: Check out the full story here.

PRESENTED BY BEACHBODY

Taking The Gym To The Living Room: How Beachbody is Getting in Shape With its Overhaul

Habits learned during the pandemic are hard to break. That’s particularly true of the at-home fitness market. It’s projected to grow at a CAGR of 32.7% through 2032, reaching a valuation of $250.7 billion.

The Beachbody Company, Inc. (NYSE: BODY) is trying to capitalize on that. The granddaddy of at-home workouts, which now goes by BODi, has made a name for itself thanks to fitness programs like P90X and Insanity. At last count, it has a library of over 120 different workouts. It also does brisk business selling Shakeology and other fitness-focused supplements and drinks.

Under the leadership of executive chairman Mark Goldston, BODi has successfully navigated a turnaround, slashing $165 million in costs since 2021, and launching a 1000 bps improvement in Sales and Marketing in 2024. The company's focus on the digital platform overhaul has resonated with users, with about 60% of subscribers renewing with the new BODi offering, surpassing internal expectations.

As the fitness landscape continues to evolve, BODi's strategic initiatives and adaptability should position it as a player in the flourishing virtual fitness market. Click here to learn more about the BODi platform.

FIVE ZINGERS

Trouble Ahead? One analyst thinks Apple’s latest product could cut into the company’s iPad sales… read the full story here.

Laser Eyes: President Biden’s official X account posted a laser-eyed meme after the Super Bowl… and here’s what it means for Bitcoin.

Everybody Freeze: Many Paramount+ users encountered frozen screens and audio issues while trying to watch the Super Bowl last night.

Black Market Bets: Reports show that more than $20 billion was bet on the big game, but mostly through illegal channels.

The Biggest Rip Yet? One crypto analyst is looking for the biggest Bitcoin rally of all time, and calling for a rip higher to more than $150k a coin.

ONE FOR THE ROAD

Only 25% Of Experts Predict US Recession In 2024, China Conflict And External Factors Pose Risk: Survey

Briefly: In a recent survey, only 25% of business economists and analysts foresee a recession in the United States in 2024. If there was a potential downturn it would likely be triggered by external factors, such as a conflict involving China, rather than domestic economic issues like increased interest rates.

Why It Matters: The survey results are in line with the concerns expressed by experts in recent months. For example, Callum Thomas, the head of research and founder of Top Down Charts, has warned that the reacceleration of the economy could prompt the Fed to raise interest rates instead of cutting them, posing a risk to the stock market.

What Else: Additionally, 85% of respondents are worried about political instability in the United States before or after the Nov. 5 presidential election, and 57% believe that budget policies need to be more disciplined.

BROUGHT TO YOU BY BEACHBODY

Fitness On Your Mind? Ring In The New Year With BODi

Is getting in shape on your list of New Year’s resolutions? Then The Beachbody Company Inc. (NYSE: BODY) may be able to help. The health and wellness company that now goes by BODi has been offering consumers on-demand subscription-based fitness and wellness programs for over twenty-five years. It recently revamped its digital platform, providing exercise enthusiasts with various workouts for every fitness level.

The company is in expansion mode, focused on reaching more customers. An important aspect of that is its new subscription tier BODi Previews. Potential customers can sample more than $59 worth of BODi content for free including popular workout programs P90X, Insanity, 21 Day Fix and #MuscleBurnsFat. Users also get access to nutrition guidelines and personal development content. BODi is also launching a limited version of BODi Previews on YouTube, providing access to a wider audience. BODi is also bulking up its direct sales program, incentivizing individuals to sell more of its product.

With fitness on the minds of millions of people as we ring in 2024, BODi is doing its part to make that resolution easier with its BODi Previews, which you can check out here.