Powell in Focus as CPI Looms
Musk Eyes OpenAI Takeover
Gold, Bitcoin, or Stocks: Where to Invest?
Inflation Report Incoming
Breakfast Commodities: Orange Juice & Coffee Surge
Super Micro’s Wild Market Ride
Market Movers
ALSPW.PA | Spineway SA | ▲ 37.67% | 0.13
NWL | Newell Brands | ▲ 4.64% | 7.33
LYFT | Lyft Inc. | ▼ -4.83% | 14.39
ZG | Zillow Group | ▼ -1.70% | 83.84
News Highlights
Inflation Struggles to Cool Down
January’s Consumer Price Index (CPI) report is set for release, with inflation expected to rise 2.8% YoY, slightly lower than December’s 2.9%. While inflation has eased from 2022 highs, it remains above pre-pandemic levels, keeping the Federal Reserve cautious. Will prices finally stabilise?
Why Inflation Matters
Inflation affects everyday essentials like food and fuel, making household budgets unpredictable. If wages don’t keep up, purchasing power declines, impacting consumers and businesses alike.
Gold Rallies Towards $3,000 – Outshining Bitcoin & Stocks?
Gold prices are climbing toward the $3,000 mark, outperforming the S&P 500 and Bitcoin. Central banks are increasing their gold reserves, fueling this surge. Gold-mining stocks are also seeing movement:
Barrick Gold (reporting before the bell) is down 1.9% over three months and 17% off its October high.
Kinross Gold (reporting post-market) has fared better—up 27% in three months and just 2% below its recent peak.
Meta’s Hot Streak Continues
Meta has logged 17 consecutive days of gains, climbing 17.5% in that span. Meanwhile, Tesla has fallen 23% in the same period. Investors are eyeing Meta’s next move, while Tesla’s struggles raise concerns.
Intel Surges Amid U.S. Chip Push
Intel shares jumped over 7% after U.S. policymakers expressed strong support for domestic semiconductor manufacturing. With geopolitical tensions in focus, the government aims to keep AI chip production in the U.S., potentially benefiting Intel’s expansion plans.
Movers & Shakers
Super Micro Computer (SMCI) ▼ -9.47% | 38.61
Super Micro’s stock has seen extreme volatility: down 48% year-to-date, up 66% since November, and down 24% in six months. However, the stock rebounded 8% after hours as the company reaffirmed its February 25 filing deadline for Q2 results.
Upstart Holdings (UPST) ▼ -5.07% | 67.34
Upstart surprised investors, with its stock soaring 25% after hours on stronger-than-expected earnings. The AI-driven lending company continues to attract attention as investors bet on its future growth.
DoorDash (DASH) ▼ -2.68% | 26.18
DoorDash stock rose 6% after hours following a Q4 earnings beat. Revenue hit $2.87 billion, exceeding the forecasted $2.84 billion. Optimism remains high despite increased competition in the food delivery market.
Lyft (LYFT) ▼ -4.83% | 14.39
Lyft stock tumbled 9% after hours following weaker-than-expected Q4 revenue and disappointing Q1 guidance. The company’s bookings forecast of $4.05B–$4.20B missed expectations, raising investor concerns.
Key Events Today
1:30 PM GMT – U.S. CPI (January Report): Inflation expected at 0.3% MoM (vs. 0.4% previously) and 2.9% YoY, unchanged from last month.Markets to watch: U.S. indices, USD currency pairs.
3:00 PM GMT – Fed Chair Powell Testifies Before Congress: Market volatility likely as Powell discusses inflation and rate policy.Markets to watch: U.S. indices, USD currency pairs.
3:30 PM GMT – U.S. EIA Crude Oil Inventories: Previous stockpile increase of 8.6M barrels.Markets to watch: Brent, WTI crude oil.
What to Watch
Musk Makes a Move on OpenAI
Elon Musk and a group of investors have reportedly offered $97.4 billion to acquire the nonprofit overseeing OpenAI. CEO Sam Altman dismissed the bid, even joking about buying Twitter instead. Meanwhile, SoftBank is considering a multi-billion dollar investment, valuing OpenAI at over $200 billion.
Commodities Shake-Up: Coffee & Orange Juice
OJ futures are down 18% in two weeks, reaching their lowest levels since May.
Coffee prices are up 17% in two weeks due to a weak arabica crop in Brazil.
Starbucks stock has jumped 11% in three months and 20% in a month, benefiting from rising coffee prices.
Zillow Shares Decline Post-Earnings
Zillow stock fell 5% after missing Q4 earnings estimates. It reported $0.27 per share, slightly below the $0.28 forecast. Its Q1 revenue outlook of $575M–$590M also came in weaker than expected, raising investor concerns.
Prices and figures were correct at the time of writing.
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