Welcome Back,

Market Headlines 👀 

• US President Trump announces first new trade deal, with the United Kingdom.

• US Federal Reserve Chair Powell held interest rates this week and didn’t commit to rate cuts anytime soon.

• US weekly jobless claims come in lower at 228k; est: 230k.

• Bitcoin (BTC) sees a major rally, surpassing the $100k level once again.

• Coinbase (COIN) announces a $2.91b acquisition of Deribit, the world’s largest bitcoin options platform.

• Alphabet (GOOGL) Apple services chief mentions how the rise of AI search will continue to replace traditional search.

Earnings 💸

• Coinbase (COIN)

  • EPS: $0.24 misses ($1.98)

  • Revenue: $2.03b misses (exp. $2.09b)

• Mercado Libre (MELI)

  • EPS: $9.74 beats ($8.27)

  • Revenue: $5.94b beats (exp. $5.52b)

• Cloudfare (NET)

  • EPS: $0.16 meets ($0.16)

  • Revenue: $479m beats (exp. $470m)

• Shopify (SHOP)

  • EPS: $0.25 misses ($0.26)

  • Revenue: $2.36b beats (exp. $2.33b)

• The Trade Desk (TTD)

  • EPS: $0.33 beats ($0.25)

  • Revenue: $616m beats (exp. $575m)

• Affirm (AFRM)

  • EPS: $0.01 beats ($-0.01)

  • Revenue: $783m beats (exp. $781.7m)

• DraftKings (DKNG)

  • Revenue: 1.41b

• RocketLab (RKLB)

  • EPS: $(-0.12) meets ($-0.12)

  • Revenue: $123m beats (exp. $121m)

A note from Republic 📣

Private Markets Aren’t Just for the 1% Anymore.

Institutions invest billions into private markets because they may provide superior market positions and steady cash flow, even in a shaky market–now you can too.

For the first time ever, elite private assets are available to all investors for as little as $500 with Hamilton Lane Private Infrastructure Fund.

Learn How You Can Invest Today.

_{*Source: Hamilton Lane data, Bloomberg as of January 2024. Past performance is not a guarantee of future returns.
All securities come with specific risks not limited to a total loss of your investment. Past performance is not indicative of future results. Please review the risks specific to this investment on the HLPIF deal page hosted on Republic.com/hlpif}

Recap Around the Street 🧠

Retail buyers have buying buying equities and overall net buyers of the market for 21 straight weeks. Over the past four weeks, over $2b of net equities inflows per Bank of America.

The Trade Desk earnings snapshot below (contributed by Brad Freeman @Stockmarketnerd):

Market Preview 🎞️ 

• CPI, OPEX, earnings and much more next week!

Enjoy reading?👇

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

🔔 Be the first to know. Ensure you never do more than one read if you:

• Move our emails (especially your subscriber introduction) to your primary inbox (Quick instructions).

• 👋 Say hi. Responding to our emails (if any) lets your email provider know to not block us from your main inbox.