(Geoff Robins/Getty Images) |
|
|
Listen up! A study found that a vestigial ear muscle in humans "perks up" when people are trying hard to pay attention to something they're hearing. Stocks finished well off their lows yesterday thanks to positive (or at least less negative) trade news early in the session, as President Donald Trump agreed to delay the imposition of tariffs on Mexico by one month. The S&P 500 and Nasdaq 100 both still finished 0.8% lower for the day, and every member of the Magnificent 7 other than Meta fell on Monday. On the positive side, Tyson Foods rallied as America's love of chicken helped the company beat earnings-per-share estimates by 10% for the sixth consecutive quarter and boosted Costco, one of America's favorite providers of rotisserie chicken, to an all-time high. |
|
|
Even though President Trump has pulled back from slapping tariffs (why are tariffs always "slapped" anyway?) on Mexican imports and some hard bargaining from the Canadians secured a last-minute deal yesterday to delay tariffs on Canadian imports, it's still worth taking a breath to see the tariffs Canada was ready to roll out in return. The Canadian government released a slate of tit-for-tat 25% tariffs on US goods entering the country, which would have been due to take effect simultaneously with Trump's tariffs. If anything, it proves that Canada isn't being caught flat-footed here and is prepared to crank up the pressure on its largest trading partner if that's what it takes. |
- The list covered over $30 billion worth of goods, spanning everything from paper to palladium to playing cards. A lot of American food and beverage products — including produce, sauces, baked goods, beer, wine, and more — would be hit.
- Monday saw a steep sell-off in the morning, which reversed just around the time the Mexican government revealed that it cut a deal to delay the tariffs.
- Already, homebuilders' stocks have slumped as lumber costs would've been poised to surge with Trump's tariffs on Canada. With long-term interest rates falling Monday, one might expect homebuilders to be getting a lift in the market as mortgage rates fall in step, but homes are still built with lots of wood and a huge amount of it comes from our neighbors up north.
|
|
|
Well, mainly, you better know which way the trade wind is blowing before you dive into markets, because the reaction to any crumb of news could send markets reeling or rallying. While Mexico and Canada were able to come to an agreement that delayed the implementation of the tariffs for a month, Trump's willingness to use tariffs as a blunt negotiating tool to accomplish his short-term goals (see: Colombia last month) means that markets may suffer more whiplash before long. Sometimes that whiplash might last a day, sometimes it might last only hours, but at least some countries are prepared to "go to the mattresses" for as long as it takes if need be. By the way, mattresses were indeed on the list; the US sold Canada $123 million of them last year. Read our full list of all the goods that could be hit by Canadian tariffs here. |
| |
Could this company become the Uber of smartphones? |
One of the world's great investors said that "If you don't find a way to make money while you sleep, you will work until you die." But what if your phone could do it for you? 📲 That's exactly what Mode Mobile has created — technology that can turn idle phone time into passive income. With 45M+ users already earning a staggering $325M+, their EarnPhone could be considered the Uber of smartphones. Following 32,481% revenue growth between 2019 and 2022, they were named the fastest-growing software company in 2023 by Deloitte.1 And with 7 billion smartphones worldwide, their market size could be significantly larger than Uber's. They've just secured their Nasdaq stock ticker $MODE, and you now have a limited time to invest in their pre-IPO offering2 at $0.26/share.3 Invest now at $0.26/share3 and earn up to 100% bonus4 shares.5 |
|
|
Could this company become the Uber of smartphones? |
One of the world's great investors said that "If you don't find a way to make money while you sleep, you will work until you die." But what if your phone could do it for you? 📲 That's exactly what Mode Mobile has created — technology that can turn idle phone time into passive income. With 45M+ users already earning a staggering $325M+, their EarnPhone could be considered the Uber of smartphones. Following 32,481% revenue growth between 2019 and 2022, they were named the fastest-growing software company in 2023 by Deloitte.1 And with 7 billion smartphones worldwide, their market size could be significantly larger than Uber's. They've just secured their Nasdaq stock ticker $MODE, and you now have a limited time to invest in their pre-IPO offering2 at $0.26/share.3 Invest now at $0.26/share3 and earn up to 100% bonus4 shares.5 |
|
|
Nvidia has lost a bit of its mojo ever since the reveal of DeepSeek, a Chinese-developed AI model that many in the industry perceive as a challenge to the idea that the only way to dominate is by buying up inordinate amounts of expensive Nvidia chips. Whether that's actually the case is neither here nor there, but it's made Nvidia's stock price a little more susceptible to taking a hit whenever any bit of adverse news comes across the terminal. |
- That's one explanation for the sting Nvidia felt after a 10% tariff on imports from China sparked a run on semiconductors. The irony is that Nvidia has a pretty low exposure to China all things considered, and vastly less exposure than some of its peers.
- Only about 17% of Nvidia's revenue comes from the Middle Kingdom, which is on the low end for a semiconductor company, particularly compared to the likes of Intel (29% of its revenue) or even Qualcomm (66% of its revenue).
|
|
|
Anything that rocks the boat in the silicon business is liable to cause an issue for Nvidia, at least until the concerns that DeepSeek brought to the surface are smoothed out. |
|
|
For almost 20 years now, the physical act of making some of our money has weirdly been a money-loser for the US Mint. Read more. |
|
|
Recent Tech Boom Could Send "EarnPhone" Soaring |
The private company making smartphones work for you. |
|
| Recent Tech Boom Could Send "EarnPhone" Soaring |
The private company making smartphones work for you. |
|
|
Yesterday's Big Daily Movers |
- Bitcoin rose from its Sunday-night scaries — the price had dropped below $93,000 but regained its six-figure status on Monday, rising more than 9% on news that Trump's tariffs on Mexico would be delayed at least a month.
- Car companies like GM and Ford saw parabolic moves from the same news, starting pessimistically down at Monday's open before regaining most of their losses.
- Palantir closed at a record high and then went straight to the moon after it posted earnings, spiking 15% in after-market trading.
|
|
|
- December job openings
- Earnings expected from Merck, Estée Lauder, PayPal, Pfizer, PepsiCo, Fox Corp, Alphabet, Match Group, AMD, Electronic Arts, Chipotle, Prudential, and Mondelez
|
Correction: D'oh! In yesterday's Snacks, we said Robinhood reports earnings this Wednesday. It actually reports earnings NEXT Wednesday, February 12, 2025. We apologize for the error. (Snacks and Sherwood Media are an independently operated subsidiary of Robinhood Markets, Inc.) |
Advertiser's disclosures:
1 The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period. 2 Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur. 3 The minimum investment is $999.96. 4 A minimum investment of $1,950 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+. 5 Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile's Regulation A+ Offering. Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
|
|
|
Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
|
|
|
