discounts on Tesla cyber trucks Bank earnings are out gaza's deal with Israel is having problems and retail sales are in here's some information on what you got to know to start your trading day or just your news day in General on the am version of your meet Kevin report for January 16th at 6:00 a. m. all right folks let's get started on news that makes new money first there's some drama going on regarding Elon Musk and the Tesla cyber truck that's because all of a sudden now there are discounts showing up for the Tesla cyber truck which is really interesting because just a few days ago Elon Musk posted that they were using cyber trucks delaying people's cybertruck deliveries and using them in Los Angeles to deploy starlink service to give people free internet access now fans of Elon Musk said what a charitable man haters of Elon Musk said this is a marketing gimmick for starlink and cyber trucks now personally I'm not opposed to Elon Musk doing marketing like this because it's kind of a win-win it's a win for the companies for marketing it's a win for people who want internet access in a disaster so I'm a big fan of this but I did actually think that there weren't that many people were actually having their cybertruck deliveries delayed it's possible maybe one person got their car delayed as we talked about a couple days ago but now I feel like there might be a little bit of confirmation to this suspicion and this is not me trying to say uh anything bad about Tesla I'm a big fan of my Tesla cybertruck but as somebody who owns a cybertruck I'm also paying attention to what's going on with cybertruck sales I love the thing by the way I encourage people buy it uh but take a look at this this is the uh current Tesla website and what you'll find is here within uh 200 miles of my ZIP code 93004 you actually find multiple reduced pric cyber trucks here sitting in inventory if I remove the five years of included gas savings you can actually see you've got about like a $2,500 discount on this one right here uh I've got uh that's a demo vehicle here's a new one that's got about a $1600 discount so the demo vehicles have you know1 and half to $2,000 discount and then the new vehicles that are not listed as demo look like uh they have a little bit of a discount as well uh depending on the model which is weird because I don't understand what's up with why does this one maybe this has some form of an upgrade here but it says reduced price uh yet uh with a $1,600 price reduction yet it's listed at 8,350 which is usually slightly above uh your your uh starting price here this one says has a $3,500 price reduction so maybe there was a certain uh color or some form of upgrade that this has uh but anyway uh the point oh it could be uh the interior is say white ah the white on the inside that's what it is okay got it so $2,000 upgrade there that they're basically almost fully discounting off got it so uh look in my opinion it is a sign of how competitive the auto market is right now and uh that's probably what you're going to expect if you're going to buy a car over the next year you're probably going to see more discounting that's going to make you go maybe I should have waited don't get me wrong don't regret my cybertruck at all but it's interesting to pay attention to especially since we've got Tesla earnings coming up within the next few weeks uh so now what we've got to do actually you know what let's see if we can find Tesla earnings date I I feel like that would be kind of cool let's see here Tesla earnings date have they already announced what date they're going to scheduled for January 29th tentatively so uh given that that's in about 13 days it should be pretty accurate so next up we have retail sales retail sales control group beat by beat 7 versus the 04 expected this morning however we had a Miss on the advance we had a Miss on X Auto and we had a Miss on X Auto and gas so really just that control group missing or beating kind of a mixed set of data here not entirely sure if any of this really matters same thing for unemployment claims or continuing claims nothing new to see there now the Tik Tok CEO in other news was invited to the inauguration which is really interesting because a lot of folks think the Tik Tok CEO is going to basically cozy up with Trump and maybe try to find a buyer given that you've got plenty of billionaires around there I mean think about it basis is going to be there Tim Cook is supposed to be there you've got Mark Zuckerberg Elon Musk they're all going to be there it's literally like shooting billionaires in a barrel you know in a reference to shooting fish in a barrel okay no violence here no violence uh but anyway this will be really interesting because if Donald Trump on day one almost said Elon Musk almost said president musk anyway uh it is interesting because a lot of people think that Donald Trump might sign an executive order next uh Monday or call it Tuesday Morning the day after the inauguration delaying the enforcement of the Tik Tock ban and then creating an opportunity for somebody else to buy it Gaza in Israel ceasefire signed yesterday has not yet been ratified by the Israeli Parliament Israel is now claiming that Hamas wants to be able to fight again after phase one or there are debates going on around which hostages dead or alive or going to get sent back to Israel uh either way there the Biden Administration says you know the deal's a deal everything's fine and now we're just working through the implementation phase all right whatever but you're going to hear a lot about that this morning uh on on the side of layoffs BP is laying off 5% of its Workforce that's 4,700 individuals on the internal side plus 3,000 contractors and HSBC is expected to announce some cost restructuring and limited bonuses some good news for Target though sales are up 1.
5% year-over-year that's pretty low but it's better than the flat guidance they gave previously so they've got some size rather than being flat targets trading for about 15 . 7 times earnings and their EPS is expected to grow about 8. 35% per year over the next four years puts them at about a 1.
88 Peg Lulu and American Eagle they actually beat on earnings uh expectations as well and sort of retail results here and what we're finding you know during the holiday season what we're finding with them is Lulu is still trading a little Rich 26. 2 times earnings SO trading for about a 2. 5 Peg and then American Eagle is only trading for 9.
4 times earnings trading for about a one peg so on the lower side there for American Eagle with 9% growth expected over the next 2 years not a lot of forecast for that one though blue origin launched a rocket uh yesterday it was their first orbital launch which would be a rocket that actually has enough speed to be able to stay in orbit if you just shoot a rocket up to space and then it kind of falls back down it means you didn't have the speed or altitude or trajectory to stay in orbit uh and those are called suborbital launches so far blue origin has been doing sub little launches now it seems like they've almost entirely copied exactly what SpaceX is doing and they're trying to land these rocket boosters on uh a uh water platform just like a floating platform basically just like SpaceX does and that did fail but they're trying uh at the same time a Starship from SpaceX is expected to have a test flight conducted tonight so let see if they can catch it again on those uh toothpicks it's kind of Epic when they do that so I'll be looking forward to that Bank of America is Brian Mahan CEO says economy looks solid everybody seems to have an optimistic Outlook and there's broad momentum this as Bank of America beat and of course yesterday Banks beat as well going into the trading day we've also got Taiwan semi with a projected sales and cap X beat above forecast honestly pretty good here for the AI sector especially my favorite uh super micro but anyway 19% overe expectations on capex spending 6% over sales expectations for q1 no clear time frames yet on the Arizona plant but this is pretty optimistic TS Lombard says a soft Landing should be achieved this year uh Now growth won't be coming from excess savings stimulus immigration or faster productivity instead we've got to rely on more lending manufacturing and real income staying up they did observe though and I thought this was a really interesting way to put it they're like you know we've kind of been through three fake recessions already in 2022 we the inversion of the yield curve and the technical recession for two quarters 20123 we had weak manufacturing and uh you know weak leading indicators and then in 2024 we had the Som rule get triggered and the labor market starting to weaken only for all of those problems to really unravel in a good way and the market to just keep going up honestly so far yeah you could have easily gotten duped by any of those all of them are any combination of those I know I wasn't immune to getting duped either by some of this data but this economy just keeps humming along Goldman Sach is expecting two rate Cuts this year uh once in June and once in December uh they do the Warn and this is where things aren't all Goldilocks they warn that the market is highly concentrated valuations are high and it's the market is potentially priced to Perfection under Donald Trump TBD expecting to get a whole heck of a lot of executive orders next week Goldman Sachs projecting that the LA fires will drag on GDP by about . 2 percentage points and take down about 15 to 25,000 jobs A&Z research thinks we're going to get a 100 basis points of fed Cuts this week and so far worst case scenarios of layoffs haven't been happening uh wolf research did downgrade AMD today AMD trades only for about a one peg which is almost half the valuation of Nvidia sitting at about a 1.
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