Apple Has Its Worst Day Since August

Apple China sales | US inflation report | US retail sales data

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Market Headlines 👀 

  • US CPI came in line at 2.9% YoY yesterday; core CPI was softer than expected.

  • US retail sales rose to +0.4 % for the month of December.

  • US weekly jobless claims came in at 217k; est: 210k

  • Tesla (TSLA) company is offering up to $1600 off on its Cybertrucks.

  • Alphabet (GOOGL) company CEO said they are aiming for 500m users for their Gemini chatbot service which rivals Open AI’s ChatGpt this year.

  • Apple (AAPL) stock saw its worst day since August after lackluster sales reports coming in from China.

Earnings 💸

  • Tsmc (TSM)

    • EPS: $2.24 beats (exp. $2.16)

    • Revenue: $26.9b beats (exp. 26.4b)

  • United Health Group (UNH)

    • EPS: $6.81 beats (exp. $6.71)

    • Revenue: $100.1b misses (exp. 100.5b)

  • Bank of America (BAC)

    • EPS: $0.82 beats (exp. $0.77)

    • Revenue: $25.35b beats (exp. 25.13b)

  • Morgan Stanley (MS)

    • EPS: $2.22 beats (exp. $1.69)

    • Revenue: $16.2b beats (exp. 15b)

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S&P 500 Heatmap 🔥 

Market Preview 🎞️ 

  • Friday, January 17th: Monthly options expiration (OPEX); Housing starts; Building permits

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That’s all for today, folks! We’ll be back around the same time Tuesday with a curated list of important news, economic data and market highlights. 

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