In this episode Scott Becker discusses:
- Tesla reported record profit in Q4.
- IBM announced that it is cutting nearly 4,000 jobs.
- SAP also announced significant layoffs.
- Meta/Facebook which has seen less excitement and growth in their platform, reinstated President Trump’s Facebook accounts.
- Further in the Elon Musk watch, it’s being reported that he is raising equity to pay down some of the debt taken on to finance the Twitter acquisition.
- Microsoft is both investing heavily in ChatGPT and is reporting huge growth in its cyber security business which has grown to a $20 billion a year business.
- One good rule of thumb is don’t underestimate the engine that is Microsoft, or for that matter Apple.
- The 10 largest US firms by market cap
- The top 6 by revenues
- The markets finished flat yesterday after being down much of the day.
- Futures point up this morning.
- The 10 year treasury yield fell to 3.46%.
- Bitcoin rose to close to $23,000.
- Oil remains right around $81 a barrel.
- The 1 year treasury yield remains right at 4.67%.
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