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- 🥚 Why Egg Prices Are Soaring Again
🥚 Why Egg Prices Are Soaring Again
Plus, utility ETFs to consider amid the AI energy impact, and more
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It’s Friday! Egg prices are soaring as the bird flu outbreak devastates commercial flocks, leading to supply shortages and record profits for egg producers. Learn how this crisis could impact grocery costs — and what it means for investors in the food industry. Also, the utility ETFs to target amid AI’s wider impact on the energy sector.
—Josh Enomoto
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MARKET RECAP
Yesterday: Stocks rose Thursday as a strong GDP report and corporate earnings lifted sentiment, with the S&P 500 closing higher despite tech sector weakness. Investors now await Apple’s earnings and the Fed’s next move, both of which could influence market momentum heading into February.
On Our Radar: Analysts will turn to next week’s disclosure of construction spending to find the latest clues regarding economic health. On the earnings front, defense contractors RTX and Boeing will disclose their quarterly results on Tuesday.
TOP STORY
The bird flu outbreak continues to disrupt the egg supply chain, with millions of hens lost and major retailers imposing purchase limits.
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FIVE ZINGERS
Cut Loose: Cathie Wood's Ark Invest dumped a significant amount of Palantir stock. Read about the negative catalyst undergirding the decision to exit.
Auto Pilot: Although Ross Gerber is a big proponent of Tesla, the investor jumped on Alphabet's bandwagon. Discover the autonomy angle that has Gerber pounding the table.
Hot Take: Apple CEO Tim Cook tipped his hat to DeepSeek, the China-based AI startup causing so much turmoil. Learn about the potential positives for the tech ecosystem.
Just Poor: Rich Dad Poor Dad author Robert Kiyosaki declared that a massive stock market crash is coming in February. Here are the sectors that have caught his attention.
Jail Bird: The parents of former FTX CEO Sam Bankman-Fried are pursuing a presidential pardon for their son. Learn about the broader context of this intriguing issue.
ONE FOR THE ROAD
As AI develops, a shift in expectations for electricity demand is becoming more evident. The emergence of Chinese artificial intelligence company DeepSeek has led to uncertainty about future electricity consumption, impacting utility and power stocks.
Investors in the traditional power and utilities sector are facing uncertainty after riding last year's wave of soaring demand projections. The rapid expansion of energy-intensive data centers—critical to AI and other tech innovations—had fueled a surge in power stocks. However, the question mark on this forecast has brought power-focused ETFs back into the limelight for the wrong reasons. Although experts believe this is most likely a temporary panic, here are 3 ETFs that may be less sensitive to short-term chaos…
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