Hello and welcome to Insider Investing. My name is Joe Ciolli, and I’ll walk you through what to expect in the markets in the coming weeks, while also showcasing some of Insider’s best work on the subject.
Regular readers may notice that this newsletter has moved from its previous location at the start of the week to Sunday afternoon. This will be the new posting time, so keep enjoying it!
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Your weekly outlook
All eyes will be on corporate results next week, with Apple, Facebook, You’re here, and Amazon set to report. Given the massive weighting of these stocks in major indexes, it’s no exaggeration to say that their quarterly results – and, perhaps more importantly, their outlook – will dictate the direction of the market as a whole.
The question is the same for these tech titans: will they be able to continue to generate (and forecast) stronger-than-expected earnings growth? This is something they have been able to do for years, even as the estimates have grown more ambitious. With their ratings at unprecedented heights in every conceivable measure, these tech titans are particularly vulnerable to any disappointment.
But if the latest earnings report from the mega-cap tech pillar Netflix – which easily blew up past estimates of subscriber growth – is one indication, investors may not have much to fear. In a post-pandemic world where the products and services provided by these companies continue to attract high demand, there are apparently endless profit growth opportunities.
And when it comes to Tesla in particular, just ask the legions of burnt short sellers what it’s like to bet against Elon Musk. They lost around $ 39 billion in 2020 as Tesla’s stock climbed 743%. Will the company’s profits give them a reason to start shorting again? Log on Wednesday to find out.
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Michael Saylor is the CEO of business intelligence and software company MicroStrategy, which has invested more than $ 1 billion of its funds in bitcoin.
In a recent ‘SALT Talks’ interview with SkyBridge founder Anthony Scaramucci, Saylor recounted how he went from being a bitcoin skeptic to his ‘most important proselytizer’. He also shared the eureka moment that changed his beliefs about bitcoin and exposed the hurdles that the digital asset still has to overcome to become the “new institutional safe haven asset”.
Read the full story here:
Michael Saylor has invested over $ 1 billion of MicroStrategy funds in Bitcoin. Software-turned-whale Bitcoin CEO explains why he’s making such a massive bet on digital assets.
The five active ETFs managed by Cathie Wood’s ARK Invest returned more than 100% in 2020. This strong performance allowed the company to raise over $ 20 billion last year and bring its total assets under management at $ 50 billion, according to data from Morningstar and Bloomberg. .
In a recent market update, Wood shared his outlook for 2021, explaining why the current bull market is so different from the dot-com bubble. ARK crypto analyst Yassine Elmandjra also detailed a new three-tier framework for assessing Bitcoin’s fundamentals, while analyst Tasha Keeney shared her outlook for Tesla for 2021.
Read the full story here:
Cathie Wood’s ARK Invest manages 5 active ETFs which more than doubled in 2020. She and her analysts share their 2021 …
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