💼 Apple downgrade

Apple shares fall after Barclays downgrade... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 January 03, 2024 | [Read Online]( ☕️ Good morning. The Fast Five → Investors see 2024 as [transition year]( to new economic order, Barclays [downgrades]( Apple, Harvard’s president [Claudine Gay]( resigns - read [resignation letter](, JP Morgan shares hit [record high](, and Congress heads into funding fight as US debt tops [$34 trillion](… Here’s your 5-minute briefing for Wednesday: BEFORE THE OPEN As of market close 1/2/2024. MARKETS: - Stock futures stable after Nasdaq's weak session. - Bloomin' Brands gains over 5% in after-hours trading. - S&P 500 starts the year down 0.6%. - Nasdaq drops 1.6% with Apple's decline and tech stocks' slump. - AI beneficiaries Nvidia and AMD down, VanEck Semiconductor ETF drops. - Short-term correction expected, but long-term outlook positive. - Markets rebounded in 2023 with easing inflation and rate cut hopes. - Fed's December meeting minutes and economic data to watch for further insights. EARNINGS What we’re watching this week: - Thursday: Conagra (CAG), Lindsay Corp (LNN) - [Walgreens Boots Alliance]( (WBA) - expected: $.63 per share (-45.7% YoY) on $34.9 billion revenue (+4.5% YoY) - Friday: - [Constellation Brands]( (STZ) - expected: $3.00 per share (+6.0% YoY) on $2.5 billion revenue (+4.2% YoY) Full earnings calendar [here]( [For Investors, 2024 is Year of Transition to a New Economic Order]( Investors seem convinced central banks are close to a much awaited pivot. Markets rallied as a result, but 2024 could hold surprises as the world adjusts to an economic order where money is not cheap. [Apple Shares Fall After Barclays Downgrade]( Apple shares fell 4% after Barclays downgraded the stock and trimmed its price target, saying weakening iPhone 15 sales were likely a warning sign for iPhone 16 sales and broader hardware projections. - Dollar kicks off 2024 with best day since March on Fed doubt ([more]() - 2024 will be 'Year of AI' as tech stocks surge up to 33%, Wedbush says ([more]() - US public debt tops $34 trillion as Congress heads into funding fight ([more]() - Harvard’s President Claudine Gay to resign after controversy ([more]() - Read Gay’s resignation letter ([more]() - Global shipping firms continue to pause Red Sea shipments ([more]() - US pressured Netherlands to block China-bound chip machinery ([more]() - Tesla reports record 485K deliveries for Q4; hits 1.8 million annual delivery goal ([more]() - China’s BYD overtakes Tesla as world’s biggest electric vehicle seller ([more]() - ASML blocked from shipping some of its critical chipmaking tools to China ([more]() - Fidelity marks down X valuation by 71.5% ([more]() - Michael Saylor commences plan to sell $216M worth of MicroStrategy stock options ([more]() - Moderna stock pops after Oppenheimer says company could launch more products over next two years ([more]() - JPMorgan shares climb to record high ([more]() - More customers cancel their streaming services as companies like Netflix, Amazon, and Disney hike prices ([more]() - Dealmakers go half steam ahead to M&A recovery ([more]() TOGETHER WITH BEHIND THE MARKETS Biden’s biggest mistake On February 27, 2023, Joe Biden made a decision that could cost the U.S. government $9 trillion dollars...and cut the living standards of American citizens by 25%. How you handle this situation will be one of the most important financial decisions you ever make. [Get the full story here ]( ~ please support our sponsors ~ DEALFLOW M & A | INVESTMENTS - Buyout firm Advent held talks to buy Fisher Investments ([mo]([re]() - Carlyle’s Gabon asset sale at risk as Junta decides to take over ([more]() - Gemspring-backed Amplix acquires Go2 ([more]() - Fourshoe Partners purchases Power Funding ([more]() - Kimco Realty buys RPT Realty ([more]() - Platinum Equity purchases Horizon Organic and Wallaby ([more]() - DayDayCook buys Yai’s Thai ([more]() - Dish merges with EchoStar, buying time for Ergen’s mobile empire ([more]() - Ara Partners acquires majority interest in USD clean fuels ([more]() VC - Heranova Lifesciences, a biotech company for women’s health, raised $13.5M in Seed+ funding ([more]() - Apollo Therapeutics, a portfolio biopharmaceutical company focused on translating fundamental medical research into medicines, raised $33.5M in a second close of its Series C financing ([more]() IPO - KKR-backed BrightSpring is first to file in 2024 for big IPO ([more]() Was this briefing forwarded to you? [Sign Up Here]( CRYPTO - Bitcoin spot ETF anticipation boosts BTC price to nearly $46K in strong start to 2024 ([more]() - Jim Cramer capitulates on Bitcoin: 'Technological marvel … it's here to stay' ([more]() - BlackRock delays $10 million Bitcoin purchase, new date unveiled ([more]() - Bankman-Fried won’t face second trial on remaining charges ([more]() - Puma is sticking to its web3 bets as crypto shakes off a long-held winter ([more]() BULLISH BITES 🐭 For grabs? Welcome to the [public domain](, Mickey Mouse. 🎻 Orchestrated: A plan was hatched to make the football player “as famous as the Rock.” [Meet the duo]( who brought you Travis Kelce. 🏸 Old is new: [Grandpacore](, groovy weddings, badminton and jazz — get ahead of 2024 trends. ❌ C’est la vie: Will 2024 [mark the end]( of the 'Digital Agency'? 💰 Behind The Markets: Last February Biden made a decision that could cost the U.S. government $9 trillion dollars and cut America's living standards by 25%. [Get the full story here](… DAILY SHARES [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] Cramer set us back a day. Jan 3, 2024 143 Likes 9 Retweets 9 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] Private Credit at 15% base rates Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 @GRomePow Let's raise interest rates to 15% for a decade and see who's actually smart and successful. Jan 3, 2024 375 Likes 13 Retweets 6 Replies [tw profile: TaraBull𝕏] TaraBull𝕏 @TaraBull808 [tw] This Jan 2, 2024 1.03K Likes 108 Retweets 23 Replies Know someone who would enjoy this? [CLICK TO SHARE 🔥Â]( What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Like what you see? [Get tomorrow’s briefing here]( Keep the curation going! [Buy the team a coffee]( ☕️ Have a comment or suggestion? We’d love to hear it! 💌 [Send us a message](mailto:hello@marketbriefing.com) [ADVERTISE](mailto:partner@marketbriefing.com) | [SUBSCRIBE]( Disclaimer: MarketBriefing is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. 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