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đź”® What Is This Sorcery?
Plus, executives with inside info are buying shares in these companies.
Brooks Dyroff
January 29, 2024
Happy Monday Zingernation! You may have made a few unwise financial decisions this weekend. Maybe you were feeling good and bought the bar a whole round of shots. Or you went out to dinner and splurged on that nice steak special the waiter totally sold you on.
But at least you weren’t one of the many Lions fans who bought a $5,000 ticket to the Superbowl at halftime of the NFC Championship last night while Detroit was up by 17 points (I know a few people who did). So, if anyone’s in the market for Superbowl tickets, I might know a few people selling.
Plus, check out the trading community that’s made for investors of all different levels.
And, did someone forward you this email? Click here to subscribe to this Benzinga newsletter and more.
MARKET SNAPSHOT
Last Week: Was a green week overall. The S&P 500, Nasdaq Composite and Dow Industrial Average all inched higher as investors weighed earnings reports from major companies like Intel, Tesla and more.
On Our Radar: It’s that time of the year! This is the biggest earnings week of the cycle, with mega-cap tech stocks like Apple, Microsoft, Amazon and more set to report. Buckle up!
TOP STORY
Briefly: I’m usually not a big fan of iPhone updates. I mean, I’m already on my phone for 10 hours a day, what did we really need to change? But this next one could be different.
Basically: According to analysts, the new iPhone update will give Siri more capabilities and allow users to use AI in different capacities.
Analyst Take: Meanwhile, the smarter Siri functionality, as per Mark Gurman, will leverage generative AI technology, improving the digital assistant's responses and sentence auto-completion in the Messages app.
Improvements: Given the lack of significant hardware innovations expected for iPhone 16, Apple is heavily banking on its software capabilities, particularly its generative AI, to attract and retain customers.
What Next: Want to learn more about the new update? Read more here.
PRESENTED BY MARKET MASTERS
Market Masters breaks trading down into basic building blocks (like Legos) and tells you how to assemble them for success.
Think of them like a school, but for the real-world. We make learning the full stack of trading skills a fun, collaborative process.
Not only is live voice trading included, but you'll also get 1000+ hours of content, daily classes, trading view indicators, and more.
With a 4.93/5 positive feedback rating, it's no wonder thousands of customers have trusted Market Masters.
FIVE ZINGERS
Inside Info: Executives with inside info are buying shares in Compass Diversified and these other stocks.
Earnings Preview: This week has the potential to make or break the market. Check out this preview of all the big earnings on the way.
Gotta Halve It: Bitcoin’s “halving” is coming, and a lot of crypto investors are getting bullish. Will it be the next tailwind or another sell-the-news event?
r/gains?: Many traders have been waiting for Reddit’s IPO for years. New reports show the company is seeking a $5b valuation, and aims to go public sometime in March.
Wait, Wait: Alright I’ll tell you. Janet Yellen joined NPR’s “Wait, Wait… Don’t Tell Me!” news trivia show over the weekend. Here’s what she talked about.
ONE FOR THE ROAD
What's Happening: In a significant move, Swiss building materials giant Holcim Ltd (HCMLY) has announced its plans to list its North American business on the New York Stock Exchange. The company also revealed a new CEO for its operations. The spin-off is expected to value the business at $30 billion.
Why It Matters: This move is part of a larger strategy to focus on the North American market, which has been a significant growth driver for the company in recent years. The divestment is expected to be completed in the first half of 2025.
The Figures: The company said that the U.S. business aims to increase annual sales from around $11 billion to more than $20 billion and generate an operating profit of more than $5 billion by 2030.
Zoom Out: The listing of Holcim’s North American business is a significant development in the global construction industry. Last year, the Adani Group, which acquired Ambuja Cements and ACC from Holcim for $10.5 billion in 2022, dismissed rumors of merging the two companies and revealed that they would continue selling cement products under these established brands.
PRESENTED BY MARKET MASTERS
Market Masters breaks trading down into basic building blocks (like Legos) and tells you how to assemble them for success.
Think of them like a school, but for the real-world. We make learning the full stack of trading skills a fun, collaborative process.
Not only is live voice trading included, but you'll also get 1000+ hours of content, daily classes, trading view indicators, and more.
With a 4.93/5 positive feedback rating, it's no wonder thousands of customers have trusted Market Masters.