Same Shit Different Day

It’s another day that ends in Y, which means that Elon Musk is back in the news. 📰

First, people were talking about Musk this weekend because he became the first person ever to lose $200 billion. 😵

Additionally, Twitter remains heavily talked about as Musk drives changes at the company. Lawsuits against the company continue to roll in, this time with a San Francisco landlord suing the company for not paying rent.

SpaceX raised roughly $2 billion in 2022, but it’s adding to that as we head into 2023. Reports are the reusable rocket maker and satellite internet company is raising $750 million at a $137 billion valuation. 🚀

Lastly, $TSLA shares made fresh lows to start the year, falling over 12% today. The stock reacted to the company’s 2022 year-end vehicle production and delivery numbers, which were not as good as expected. 👎

It’s that time of year again when everyone shares their predictions for the year ahead. And it’s not just people. Companies are getting in on the action.

Today we’re looking at Pinterest’s predictions for 2023, which offers insights into the future trends its users are helping form. 📝

Within the report was a section related to Financial Services.

Here was the conclusion: “Gen X and Millennials will seek new ways to gamify their finances, searching for budget challenges and savings games. Who said finances can’t be fun?”

Driving that conclusion was an uptick in the following search terms:

1. 1000 savings challenge (+185%)
2. Bi-weekly savings challenge (+355%)
3. Budget challenge (+135%)
4. Envelope challenge savings (+155%)
5. 100 envelope challenge (+145%)

The pandemic helped drive more interest in the stock market and investing. But given 2022’s horrific market performance and many everyday people worried about a recession in 2023, a trend focused on saving money seems like a solid bet. 💰

What that means for individual stocks or investment opportunities remains to be seen. But what’s clear is that keeping track of consumer trends is an integral part of many investors’ processes.

You can read the full report for more insights into what they’re expecting. And we’ll have to wait and see if the trends of its users set the tone for the rest of the year. 🤷

The world’s largest tech stock had a rough December, falling four weeks straight. It continued that decline on the first trading day of the year, falling another 4%. 🙃

As we head into the new year, many investors are watching Apple for clues about how the sector and broader market will perform. Given its weighing in the major indexes, exposure to global supply chains, and overall size as a company, it’s clear why. 

With today’s move lower, the stock’s market capitalization fell back below $2 trillion. Some analysts suggest this means investors believe that there’s more pain ahead for the stock market and economy. Others see the recent pullback from all-time highs as an opportunity to buy the company long-term. 🤷

Who is ultimately right remains to be seen. But what’s clear is that $AAPL will be on everyone’s radars for the foreseeable future. 👀