Monday Market Open

Your primer for the week...

AuthorAuthor

VHLA Media & Max Andrews
January 22, 2024

It’s Monday…

Dear Winner,

Firstly, congratulations on another banger weekend. I hope you had some laughs, won some parlays, and made it memorable.

Welcome to the watering hole of finance - new readers and OG’s.

Hell of a lot of info coming out this week. I dissected what I think is important below.

So stay dialed and remind yourself - it’s hard being this good.

Call me McMoney this week

Market Indices & Commodities

Gold$2,021.20-0.39%
Copper$3.75-1.07%
Silver$22.30-4.62%
NASDAQ$15,386.32+0.49%
S&P 500$4,858.63+0.39%
TSX$20,934.48+0.13%
CSE Comp$186.25+2.56%

News
Last Week

Boom - quick summary of the happenings in case you missed it or had to much Grey Goose and forgot:

  • S&P 500 closes Friday at an all time high.

  • Ron DeSantis drops out of presidential race and endorses Trump.

  • Reddit is planning their IPO for March.

  • Portnoy trades Spirit airlines, it tanks, then rallies, funky.

  • US Navy Seals board ship and seize Iranian warheads/cruise missiles of the coast of Somalia that were heading to the Houthis.

News
This week

  • Tuesday - Netflix, Verizon, Proctor & Gamble, General Electric, and Lockheed Martin earnings among others. I’m curious to see if Netflix has gained/lost subscribers with a record amount of millennials at home sharing passwords.

  • Wednesday - Tesla, AT&T, and IBM earnings. I’m watching to see Cybertruck deliveries/estimates and any mention of BYD (Chinese competitor).

  • Thursday - U.S. GDP for Q4 2023, Visa, and Intel earnings. Mainly curious about new home sales which will also be coming out.

  • Friday - American Express earnings and personal consumption index. Amex likely to have a solid earnings (estimate of +13.1% rev increase). I want to see what credit card companies say about delinquencies.

Hot taters this week, stay buckled in.

Now You Know 
Why the GPU craze?

When the big booty Latina asks to see my portfolio

Maybe you have heard about Zuck’s big plan to keep loading up on Nvidia chips, I personally haven’t. Meta plans on buying 350,000 H100 GPU’s in 2024 which will put their supply over 600,000. The crazy thing is, each of these GPU’s is estimated to cost $25,000 - $30,0000 (yeah, each). Even at a cost of $20k each, Meta will be sitting on $12 billion dollars worth of GPU’s (more than Nvidia’s 2020 revenue). The Zuck is stockpiling.

According to a Bloomberg report that came out Friday, Sam Altman is currently seeking billions to build chip factories to get his own semiconductors. All of this made me think, why would Sam Altman go off on this side quest to build more semiconductors?

Here are a few reasons that could be why:

  • Nvidia controls over 80% of the AI semiconductor market.

  • Each ChatGPT query costs roughly 4 cents (Reuters).

  • Companies (like Meta) are stockpiling GPU’s.

  • Altman wants to have a reliable/steady source of raw materials.

Thank you  
That’s all Folks

Hey, thanks for reading and I hope you learned something new. Check your email tomorrow to learn something new and keep stacking on the alpha. Big week for the market this week - you came to the right place to get primed.