The Weekend Rip: January 05, 2025
OVERVIEW
The Weekend Rip: January 05, 2025
Source: Tenor.com
It was a mixed week for markets. The major averages closed out 2024 on a red note but found buyers on Friday as investors and traders began returning to work. 🤷
Let’s recap and prep you for the week ahead. 📝
What Happened?
🔻 On Monday, stocks opened the shortened trading week with another down day. Natural gas prices soared on forecasts for cold temperatures, speculation amid small-caps continued, and Daily Rip Live’s hosts analyzed the busted “Santa Claus” rally.
🔺 On Tuesday, small-caps were the sole green spot on the final trading day of 2024. Every sector closed green for the year, but Magnificent Seven stocks were the clear standout. Meanwhile, Baird Medical Investment Holdings was the latest nano-cap stock to go nuclear.
🗓️ On Wednesday, U.S. markets were closed for New Year’s Day.
😢 On Thursday, stocks started the year on a marginally red note. Tesla sunk after its deliveries disappointed analysts, Carvana became the latest Hindenburg Research target, and Daily Rip Live hosts Shay Boloor and Jordan Lee were joined by special guest Larry Thompson to discuss their top trades for 2025.
📈 On Friday, stocks finally bounced back as investors piled cash back into 2024’s biggest winners. Traders “beefed up” their portfolios as cattle prices hit new all-time highs, and investors debated whether the top stocks of 2023 and 2024 would remain in favor during 2025.
👑 This week’s Stocktwits Top 25 established a new list of leaders as we reset the group’s performance for 2025.
Here are the closing prices:
S&P 500 |
5,942 |
-0.48% |
Nasdaq |
19,622 |
-0.51% |
Russell 2000 |
2,268 |
+1.06% |
Dow Jones |
42,732 |
-0.60% |
Bullets From The Weekend 📰
🤖 Generative AI funding soared to new heights in 2024. Generative artificial intelligence (AI) companies around the globe raised $56 billion from 885 deals with VCs, making the raw cash total a new record for the segment. It’s up 192% from 2023, when $29.1 billion was invested across 691 deals. U.S. companies attracted the bulk of these funds in 2024, with international startups receiving just $6.2 billion (about 11%%) of all funding. TechCrunch has more.
🎰 DraftKings to test new subscription service. DraftKings Sportsbook+, which launched quietly on December 28th for select customers in New York, is designed to provide paying customers a boost in odds. It offers participants up to a 100% profit boost on winning parlays. For DraftKings, New York provides a strong testing ground for the feature as it’s one of the top-performing markets for online gaming. It could also help offset sports wagering taxes of 51%, which ties New Hampshire for the highest rate in the country. More from CNBC.
🤔 Legal filings become to latest PR/communications tool. Filing a legal complaint is rapidly becoming the self-publishing option of choice for individuals looking to make a splash in the court of public opinion, regardless of whether a judge finds in their favor or not. Steadily declining trust in media has caused many to opt for the dry, but clearly-templated legal format to get their messages across. Actress Blake Lively’s war of legal filings with co-star Justin Baldoni is the latest example of this media method being used to change the public’s perception or view on a topic. Axios has more.
STOCKTWITS COMMUNITY INSIGHTS
Share Your Top Trade Ideas For 2025! 🧠
Over a thousand Stocktwits users have shared their best ideas as we gather the community’s views and give out Stocktwits Edge to some of our favorites! While many fan favorites have been mentioned, dozens of under-followed stocks and ideas are being discussed. So come check’em out and share your top picks!
THE BRIEF
Need a concise summary of what’s going on this week? Look no further. Here’s a rundown of this week’s earnings and economic data.
Economic Calendar
Source: TradingEconomics.com
It’s a busier week of economic data, with investors focused on December’s FOMC Minutes and U.S. employment data. In addition to the above, check out this week’s complete list of economic releases.
Earnings This Week
About 37 stocks report this week, with a new earnings season kicking off in mid-to-late January.
Source: Stocktwits.com
Above is a quick summary. Check out the full Stocktwits earnings calendar for the other names reporting this week.
Links That Don’t Suck 🌐
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🐟️ Motorbike-sized tuna sold to Tokyo sushi restaurateurs for $1.3m
🚀 SpaceX to attempt first payload deployment, engine reuse during Starship Flight 7
🛰️ United Airlines accelerates its Starlink rollout, with first commercial flight planned for spring
📰 Amit Yoran, chair and CEO of cybersecurity firm Tenable, dies unexpectedly after cancer battle
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