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Microsoft (MSFT.us) is expanding the scope of its Copilot artificial intelligence software. In particular, the company will focus on consumers and small businesses.
On Friday, Microsoft (MSFT.us) passed Apple (AAPL.us) as the world’s most valuable company. Microsoft’s value is $2.89 trillion, whilst Apple’s is $2.78 trillion. Over the last 12 months, Microsoft has rallied almost 63% against Apples 40%. This has effectively ended Apple’s more than 500 days as the highest valued company in the world, with Microsoft last holding the spot in November 2021.
Netflix (NFLX.us) has surpassed 23 million global active users on its ad-based plan. This is a sharp increase from November when the company said it had 15 million active users on its less expensive plan. More information will be available on 23 January when the company releases its Q4 earnings.
Watch today’s US Open for insights on the solid US jobs report, dovish Fed commentary and the upcoming US CPI inflation report
The SPX500 is in bullish mode. It is above its black 30-week EMA, with the EMA pointing up. Its momentum-based RSI is above 50 (green rectangle), denoting a positive underlying momentum. However, there is a resistance area around 4,800 (red rectangle).
The US index is subdued, as Friday’s robust jobs report raises the bar for rate cuts by the Fed and casts some doubt over aggressive market expectations
Apple (AAPL.us) shares have stalled into 2024 since being downgraded by Barclay's analyst Tim Long (neutral to underweight). The basis for the downgrade was weak hardware sales as iPhone 15 demand disappoints. In his note to clients, Long says that "We are still picking up weakness on iPhone volumes and mix, as well as a lack of bounce-back in Macs, iPads and wearables," with "worse data points out of China,…
In a report, Bank of America analysts led by Justin Post, suggest that advertising revenue growth is a distinct possibility, coming from the addition of adverts to Prime Video this month and from other advertising partnerships.
There is a relationship between the 10-year real rate and the SPX500. The correlation coefficient between the two is a robust -87%. I.e. they generally travel together but in opposite directions. This makes sense given the time value of money of the SPX500, where a lower real rate will tend to support the stock market.
The sports apparel giant posted mixed results on Thursday, with just 1% y/y revenue growth and trimmed its full FY24 outlook, partially due to stronger USD and external headwinds in China
Alphabet (GOOG.us) is trading at levels last seen in April 2022, with $145.00 being regarded as overhead resistance (red vertical line). There are some promising technical developments, which if maintained, should see GOOG.us overcome this overhead resistance.
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