Here are the most important news for investors to start their day of trading:
1. Tech is in the Lead
This week, technology-related stocks are doing really well. The futures linked to the Nasdaq 100, which is mainly made up of tech companies, went up on Wednesday morning. This was due to a 9% increase in the value of Netflix stock before the regular trading hours.
The Nasdaq Composite had the highest gains among the major stock indexes on Tuesday, and it has gone up by about 0.75% so far this week. The S&P 500, which is at its highest-ever value, has gone up by around 0.5% this week, and the Dow Jones Industrial Average has only gone up by 0.1%.
2. Something to Pay Attention to
During the last three months of the year, Netflix gained an impressive 13.1 million new subscribers, surpassing what Wall Street expected and their past growth. The popular streaming service now has 260.8 million people paying for its services, as revealed in its quarterly results on Tuesday.
The company’s revenue and profit have significantly increased compared to the previous year. Netflix has been encouraging more sign-ups by addressing password sharing and introducing a more affordable, ad-supported subscription option.
On Tuesday, it hinted at raising prices and also entered into a significant 10-year deal to stream WWE’s Raw, marking a notable move into live entertainment (clarified by co-CEO Ted Sarandos as not including live sports).
3. ‘Inspecting On-Site’
The Federal Aviation Administration (FAA) intends to have its inspectors physically present at Boeing until they are confident that the aircraft manufacturer’s quality control system is functioning properly. FAA Administrator Mike Whitaker explained that they have a significant number of inspectors on the ground visually checking the aircraft as they come through.
The approach is shifting from primarily conducting audits to a more direct inspection method. This decision follows an incident on January 5 involving an Alaska Airlines flight, where a panel blew out of a 737 Max 9 at 16,000 feet. Whitaker mentioned that the FAA has sent around “a couple of dozen” inspectors to assess the grounded planes.
4. Trump Wins in New Hampshire
In the New Hampshire Republican primary, former President Donald Trump secured a significant victory by defeating former South Carolina Governor Nikki Haley. This triumph comes as his second key win following success in the Iowa caucus. With Florida Governor Ron DeSantis suspending his campaign over the weekend, Haley remains the sole Republican challenger to Trump.
However, she has no immediate plans to withdraw from the race. In a speech delivered after NBC News and other networks declared Trump the winner of the state’s primary, Haley emphasized that the competition is far from over, with many states still to come, including her home state of South Carolina.
5. Investment in TASE
Bill Ackman, a billionaire hedge fund manager, and his wife Neri Oxman have agreed to acquire an almost 5% stake in the Tel Aviv Stock Exchange for around $17 million.
Ackman has been openly supportive of Israel, especially since the October 7 attacks by Hamas. In a January 12 interview with media company Andrew Ross Sorkin, Ackman expressed his commitment to dedicating more time and resources to combatting antisemitism.
Neri Oxman, Ackman’s wife, is a professor and architectural designer with dual American-Israeli citizenship. Ackman emphasized the need for a serious team to address these issues, stating, “We’re going to tackle these issues in a very proactive manner.”
Tech stocks, especially in Nasdaq, are doing well. Netflix gained a lot of new subscribers, making more money. The FAA is closely checking Boeing planes after an incident. Donald Trump won in New Hampshire, and Nikki Haley is his main competition. Billionaire Bill Ackman and Neri Oxman are putting around $17 million into the Tel Aviv Stock Exchange, expressing their commitment to fighting antisemitism.