| Hey everyone, Last month we published a timely issue on how to short Boeing. Boeing stock is still higher than you'd expect! Given the events of yesterday (and last week, and the week before...) it's worth another look. This analysis is from our Institutional-Grade Options newsletter. To get institutional options in your inbox, sign up here. 📰 Market Headlines *past 24-hour performance Bitcoin soared to new highs, breaking past $72,000. Ether broke $4,000 for the first time since December 2021. The S&P 500 and Nasdaq fell on inflation anxiety ahead of today’s CPI report. Speaking of falling, at least 50 people were hurt when a Boeing 787 operated by LATAM Airlines dropped abruptly mid-flight from Sydney to Auckland on Monday. February CPI report is expected to show headline inflation of 3.1% matching January’s number. Strong consumer spending is floating retail stocks and slowing rate cuts. President Biden proposed a new budget that would boost corporate income tax from 21% up to 28% 🕶️ Market Vibes 🎰 Forecasts and Futures Forecasts via Kalshi, the prediction market. All the analysts are showing 3.1% today for CPI, but Kalshi shows 3.2%. Meanwhile, the chance of Boeing's CEO being fired this year has risen to 59%. 😱 Fear and Greed Index What do you think? Would you hesitate to fly on a Boeing airplane? 💀 Yes, I would hesitate
🙉 No, the planes are fine
🛩️ I've got my own private jet 🎤 What you said last time Height vs money 📈 Trends you need to know Cumulative sentiment analysis from DeepSearchLabs is doing a great job of leading Boeing's share price down. How much longer until the thing crashes and burns? 📊 Stocks Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathaway’s portfolio with just a few clicks. Winners and losers Earnings, upgrades, and acquisitions Oracle shares surged 10% after hours, driven by a 12% increase in revenue. Asana shares climbed 1.15%, with revenue up 14% from last year. The Gap stock price rose 3.4% after reporting a net income of $185 million, a 168% increase from last year. Vail Resorts attributed their 3% drop in share price after earnings to 42% less snowfall across North America. Market movers Tesla faces a new trial over Autopilot after delayed driver monitoring systems resulted in a fatal crash. Meta's stock dipped over 4% after former President Trump called Facebook "an enemy of the people." [Ed: free markets!] Reddit aims for a $6.4 billion valuation in its upcoming U.S. IPO. EU countries endorsed a draft of rules on gig workers' rights. Ideas, trends, and analysis Three disruptive tech stocks ready to pop. Mentions of ESG by S&P 500 companies dropped to the lowest since 2019. Coinbase soared 341% in the past year, looking strong. [Ed: no] Two of the "Magnificent Seven" appear ready for stock splits. U.S. Treasury Secretary is stepping in with $1 billion to save a regional New York bank. Costco is a buy after a 9% dip. 🌍 Global Perspectives 🇨🇳 China's government set a goal of 5% economic growth. [Ed: the result will be whatever the party wants it to be] 🇺🇸🇾🇪 U.S. and coalition forces defeated a large-scale Houthi drone attack in the Red Sea. 🇵🇹 Portugal's Centre-Right coalition claimed victory in the elections. 🇫🇷 France became the world's second-largest arms exporter. 🇮🇹 Italy's birth rate dropped to among the lowest in Europe. 🇭🇹 Gang-led anarchy left dozens of foreigners stranded in Haiti. 📊 Income Two dividend stock bargains to buy in March and for the long haul. eBay emerges as a ridiculously cheap dividend stock, down 37%. Three dividend-paying healthcare stocks. ⚡ Crypto Institutions representing trillions in assets plan to buy into Bitcoin ETFs by June. Crypto conferences shift from flashy to finance-focused. Coinbase warned of short-term headwinds for crypto markets. Spot Bitcoin ETFs attracted nearly $9 billion in net inflows since launch. 🧠 Errata TikTok can take employee’s stock if they bad-mouth the company. Kate Middleton's Photoshop skills embarrassed the British Monarchy. Five skiers died of exposure in the Swiss ski town of Zermatt. A Chinese bottled water company faces a boycott over its founder's “lack of patriotism”. U.S. election officials expect rampant AI impersonations this election season. 📺 What to Watch Today Fire up the conspiracy theories... That’s all for today. Did I miss anything? Smash the reply button to let me know. Cheers,
Wyatt |
