To begin their trading day, investors should be aware of the following key news items:
1. Tech leaders
This week’s leaders are tech stocks. A 9% premarket increase in Netflix stock helped propel futures linked to the tech-heavy Nasdaq 100 higher on Wednesday morning. Tuesday’s normal trading session saw the biggest increases among the main indices on the Nasdaq Composite, which is up roughly 0.75% for the week.
2. View this
During the fourth quarter, Netflix exceeded both Wall Street estimates and past membership growth with an astonishing 13.1 million new customers. The massive streaming service said on Tuesday that it now has 260.8 million paying customers, along with quarterly earnings that showed significant year-over-year growth in revenue and profit.
3. “The ground troops”
Until it is certain that Boeing’s quality control system is operating, the Federal Aviation Administration intends to maintain “boots on the ground” at the aircraft manufacturer. FAA Administrator Mike Whitaker told CNBC’s Leslie Josephs, “We’ve got a lot of inspectors on the ground, visually inspecting the aircraft as it comes through.”
4. NH unavailable
After winning the Iowa caucus, former president Donald Trump secured a second significant victory by defeating former South Carolina governor Nikki Haley in the New Hampshire Republican primary. Haley is the final Republican left to challenge Trump following Florida Governor Ron DeSantis’ decision to halt his campaign over the weekend.
5. Stake in TASE
For roughly $17 million, billionaire hedge fund manager Bill Ackman and his spouse Neri Oxman have decided to purchase a nearly 5% share in the Tel Aviv Stock Exchange. Since Hamas’s attacks on October 7, Ackman has been an outspoken supporter of Israel. He recently told CNBC’s Andrew Ross Sorkin that he was devoting more time and resources to fighting antisemitism. Oxman is an architect and lecturer who is American-Israeli.
Source (CNBC)
