[The Daily Peel... ]() Dec 8, 2022 | Peel #354 Market Snapshot Happy Thursday, apes. Was anyone else way more bored than usual yesterday? Markets had a pretty mid day, with every single S&P sector range-bound between +/- 0.9%. Thatâs pretty lame, but thankfully we did get some entertainment, like in the names below. Meanwhile, bond yields and the dollar did absolutely nothing to up the excitement. [image] Talk the Talk of IB With Our
M&A Modeling Course [image](=) Imagine if Nike saw big growth potential in $120 yoga pants and decided to acquire Lululemon. How would it go about deciding what price to pay? What would the process look like from start to finish? Who are the players involved? Unless youâve been in the heat of a deal before, itâs hard to get a good grasp on these questionsâ¦until now. WSOâs M&A Modeling Course walks you through the above scenario and teaches you the tools of the trade in the process. Take a peek into the modeling requirements of a deal like this, how itâs different from other types of mergers, and what the buy side cares about vs. the sell side. This course is absolutely jammed to the gills with good stuff thatâll help you land a gig on Wall Street. We know Peel readers will get a ton of value out of it, so we want to give out access to our Accounting Foundations Course for the first 50 Peel readers to sign up in the next 24 hours. Thatâs an insane amount of value that you canât afford to pass up. Walk into any room with the confidence that you know your sh*t. Do your future self a favor and [sign up today](=). Banana Bits - The business partners/lovers of legendary scam company Theranos officially move onto their next journey together: [prison](=)
- The US economy is taking its ball & going home as [exports fall to a 7-month low](=)
- London embarrasses NYC & SF by [taking the top spot]() for fintech venture funding
- Is Microsoft for the people? The tech giant promises to [bring CoD to other consoles](), including Nintendo and (fingers crossed) PlayStation Macro Monkey Says 2 Years Later, China Finally Takes the L Itâs okay, China; youâre not the only one. The worldâs largest, strongest, and final holdout in the battle against C-19 has finally joined the rest of the world by admitting defeat. Except, donât be thinking Xi stood out there and said, âYeah, the virus wonâ¦a bunch of you are about to die.â Instead, Xi and the CCP basically said, âweâre not going to trap you in your house for days/weeks at a time anymore.â The nation announced the official beginning of the pullback of Chinaâs now-infamous zero-C19 policy. The policy did an undeniably incredible job of quelling cases out the gate. But since then, economic woes and a desire for freedom of movement have started to take primacy two years later. Is it a coincidence that China waited until after Xi's securing an unprecedented third term? Is it a coincidence this comes just days after nationwide protests? Probably not. And whatâs almost definitely not a coincidence is this change of pace emerging while the Middle Kingdomâs economy starts to show signs of undue pain. For starters, recent reports showed that both the nationâs exports and imports contracted at the fastest rate in multiple years last month, falling 8.7% and 10.6%, respectively. Needless to say, that was much higher than expected. Adding to the pain, this data comes to light just a month after consumer spending in the worldâs most populous country surprisingly contracted by 0.5%. All in all, a series of reports highlighting broad-scale economic pain has largely driven Chinaâs government to the realization that a large-scale relaxation of C-19 rules is well overdue. The scary part now is what happens to the healthcare system. You can be about as certain as with anything that cases are about to rip in the wrong direction. With less than two-thirds of the elderly population fully vaccinated and an already (mildly) stressed hospital system, we can only hope that things donât turn out as bad as they could. But then again, theyâll probably just build 50 brand-new, state-of-the-art hospitals this weekend, anyway. Shoutout to the Peel readers there. Let us know how things turn out on the ground! Meme of the Day [image] [Source]( What's Ripe MongoDB ($MDB) â 23.23% â - Translation: Anytime you see âadjustedâ earnings, thatâs Latin for âbullsh*tty accounting gimmicks at play.â Proceed with caution.
- Still, Wall Street donât care. MongoDB reported a relatively solid earnings report yesterday, with GAAP (aka real) EPS coming in at a $0.17 loss, right in line with expectations, and a sizable beat on the top line with YoY growth of 47%.
- The flint fueling the fire of the stock, however, was that âadjustedâ earnings figure, which happened to come in as a surprise profit. At the same time, the firm raised expectations going forward, sending the stock on a ride. Campbellâs Soup ($CPB) â 6.02% â - And now, for a company thatâs the exact opposite of MongoDB, your favorite flu-medicine provider also posted some knock-out earnings yesterday.
- Campbellâs Soup shares gained over 6% on a 16% EPS beat while raising expectations at the same timeâaka the best recipe for a stellar day.
- The results were largely boosted by a little thing called inflation, as the company cited âstrong pricingâ as a large driver for their results. Congratulations, your pain is their success. What's Rotten Carvana ($CVNA) â 42.92% â - Carvana, at this point, is living proof that just when you think it canât get any worse, it does. Shares broke through the floor yesterday, plunging nearly 43% after already falling well over 95% this year.
- Thereâs one thing on everyoneâs mind, the scariest word in all of business: bankruptcy.
- The shitcoâs creditors collectively signed an agreement with the firm to work through proceedings to semi-ease Carvanaâs debt load. Itâs basically a pre-bankruptcy in the Streetâs eyes. But hey, they still have to fall 100% more to hit zero. Weed Stocks ($MSOS) â 6.44% â - This is your PSA to go buy more weed (legally, of course) because these companies really need your âhelp.â
- Thatâs especially true after yesterday. Shares around the industry tumbled on news that highly anticipated regulations allowing federal financial institutions to provide banking services to the cannabis industry basically went up in smoke yesterday.
- Dems were seeking to sneak this provision into an omnibus-style package, but unfortunately for the stoners in the crowd, Republicans noticed, and boy, were they not having it. Data Peel [image] [image] [Source](=) Thought Banana Taiwan <> Arizona Chips and salsa are great, but I bet youâd rather have chips and $40bn. Hang on; we might be talking about slightly different chips here. If you want chips and salsa, you can go to basically any Mexican restaurant anywhere in the world. If you want chips and $40bn, you gotta go to Arizona. And thatâs exactly what the worldâs largest chip maker, Taiwan Semiconductor Manufacturing Co (TSMC), did this week. Okay, we already knew that TSMC was going big in Arizona with plans to build its first US-based foundry there. But this week, at the companyâs âfirst tool-inâ ceremony, CEO C.C. Wei said, âhold my f**kinâ beer.â The Taiwan-based chip maker has announced a tripling in its future investments for US-based semi manufacturing. By 2026, TSMC will (aka âmightâ) have turned that $40bn in cash into a whole lot of semiconductors. Plans include production of 3nm chips, which, in 2022, are sittinâ pretty at the top of the semi stack. But by 2026, who the hell knows what kind of innovations will have emerged? It very well could turn out to be like producing Oldsmobiles in one of Teslaâs gigafactories. But still, that might not even matter. The real story here isnât necessarily a $40bn chip investment on its own; what really matters is the fact that semi manufacturing is moving to the USâand potentially even more important, moving out of China and Taiwan. Geopolitical tensions over the region of the world responsible for a vast majority of arguably the worldâs most important technology has officially tipped the scales in favor of domestic manufacturing, outweighing cheap labor and lax (at best) worker treatment. Now, we wait. We have 4 whole years until the plant actually starts doing anything. In the meantime, weâll keep our fingers crossed for more to come. The big question: Is TSMCâs $40bn investment in US-made semiconductors a one-off or a sign of a major change in the business of geopolitics? Banana Brain Teaser Yesterday â You measure my life in hours, and I serve you by expiring. I'm quick when I'm thin and slow when I'm fat. The wind is my enemy. What am I? A candle. Today â Itâs 50 bananas off the [WSO's M&A Modeling Course](=). LFG! How is seven different from the rest of the numbers from one to ten? Shoot us your guesses at [vyomesh@wallstreetoasis.com](mailto:vyomesh@wallstreetoasis.com?subject=Banana%20Brain%20Teaser) with the subject line âBanana Brain Teaserâ or simply [click here to reply!](mailto:vyomesh@wallstreetoasis.com?subject=Banana%20Brain%20Teaser) Wise Investor Says âPatterns of price movement are not random. However, theyâre close enough to random so that getting some excess, some edge out of it, is not easy and not so obvious-thank God. God probably doesnât care. Thank whoever.â â Jim Simons How would you rate todayâs Peel? [image]( [image]() [image](=) [All the bananas]() [Decent]() [Rotten AF](=) Happy Investing, Patrick & The Daily Peel Team Was this email forwarded to you? Sign up for the WSO Daily Peel [here](. [ADVERTISE](=) // [WSO ALPHA]( // [COURSES](=) // [LEGAL](=) Don't want The Daily Peel? [Unsubscribe here](). Click to [Unsubscribe]( from ALL WSO content IB Oasis Corp. (aka "Wall Street Oasis")
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