Welcome to Gaia! ::

test

test

rofl

wink wink

PREMARKET REPORT 22/01. All news straight from Bloomberg terminal
KEY NEWS:

NFLX leading big tech higher after massive subscriber number beat.
News yesterday as Trump unveils 500B in AI infrastructure spending. Trump called it the biggest AI infrasrturuce project in history.
OPENAI details $500B Stargate AI infrastructure project. $100B will be deployed immediately. Key collaborators on this will be ARM, MSFT, NVDA, ORCL and OPenAI.
Musk responds that SoftBank has "well under $10B secured." Musk added, "I have that on good authority; they don’t actually have the money"
New Crypto task force will be dedicated to developing a comprehensive and clear regulatory framework for Crypto assets.



MARKETS:

SPX continues higher in premarket after breakout yday. Now trading at 6077. Looking to target ATHs
Dow and Nasdaq both also up. Term structure in nasdaq has moved lower heading into big tech earnings next week
GER40 continues higher. Calls are very strong on 21.5k so looks pretty much programmed to head towards there.
BTCUSD continues to test resistance at the top of the chop zone.
Dollar is lower again today, giving more strength to gold, which continues the breakout, up 0.43%
VIX is lower again, below 15 at 14.81.
TRUMP related news:

Says he's considering a 10% tariff on China, citing their role in fentanyl distribution to Mexico and Canada. He also says 25% tariffs on Mexico and Canada will start in the coming weeks. Said they have nothing to do with renegotiating the USMCA treaty. (probably means it's everything to do with that)
Says he is open to Elon Musk buying TikTok and has met with TikTok owners



MAG 7 NEWS:

AAPL was lower yesterday as iPhone sales in China drop 18% You IN holiday quarter, according to counterpoint research. They are now 3rd place in the China market. Huawei first place. Smartphone sales in China generally were in decline, but AAPL was particularly weak.
META - is doubling down on wearables for 2025. Oakley-branded smart glasses, AI-enhanced earbuds with cameras, and plans for high-end 'Hypernova' AR glasses.
META - Jefferies reiterates buy rating on META, maintains PT at 715. Said expectations re reasonable. Only up 4% in Q3 vs AMZN and GOOGL which are both up 20%. Said their ad checks remain bullish on META and our convos with teens indicate that TikTok's ban is driving them to IG Reels
MSFT - OpenAI says that Stargate is an extension of its work with Microsoft and says that its partnership with Microsoft is growing. Reitereatd that OpenAI’s API remains exclusive to Azure, and Microsoft retains rights to OpenAI’s intellectual property for products like Copilot.
MSFT - Jefferies keeps at buy, PT 500. We view F2Q expectations of 10% yoy cc growth (vs F1Q's 16%) on a 4 pt tougher comp as achievable, but expect F3Q guide to be prudent.
GOOGL has committed an additional $1B to Anthropic, the AI developer behind the Claude models, bringing its total investment to over $3 billion, according to sources familiar with the matter. Anthropic is key competitor to OpenAI.
AMZN - Cantor Fitzgerald reiterates overweight on AMZN, keeps as top pick, PT 270. Plenty of potential catalysts in 2025. steady AWS acceleration and margin expansion in retail. LLM AI layer is becoming clearer
TSLA - WEdbush raises PT to 550 from 515. Says next 4 years will be a total game changer for the autonomous and AI story. Cited trump in Whitehouse as the main son



EARNINGS:

NFLX:

That subscriber number was absolutely ridiculous.
Announced a $15B share buyback.
hiking U.S. subscription prices by $1 to $2.50 per month, depending on the plan
Bullish price hikes.
The company added 18.9M subscribers in the quarter, hitting 302M globally, driven by live events like its first NFL games and the Tyson vs. Paul boxing match.
Saw record breaking NFL viewership on Xmas day.
Most streamed sporting event ever with Jake Paul fight.
Really strong subscriber numbers then.
Quarterly revenue up 16% to 10.2B.
Squid games and Carry On were both massive hits.
Said they saw reaccelerating of growth with revenue increasing.
Strong momentum as they see Stranger Things and Wednesday return.
Said live programming is a great driver of growth
So too is ad supported plans.
They plan to focus on ad supported plans, 55% of new sign ups are opting for ad tiers, so they want to focus energy there.
Said they have done exclusive rights to Fifa women's World Cup in 2027 and 2031.
Financials:

Revenue: $10.25B (Est. $10.11B) ; UP +16% YoY 🟢
EPS: $4.27 (Est. $4.1 cool ; UP +102% YoY 🟢
Operating Income: $2.27B (Est. $2.2B) ; UP +52% YoY 🟢
Operating Margin: 22.2% (Est. 21.9%) 🟢
Free Cash Flow: $1.38B (Est. $1.06B) ; DOWN -13% YoY 🟢
Subscribers:

Streaming Paid Net Additions: +18.91M (Est. +9.18M) ; UP +44% YoY 🟢
Total Streaming Paid Memberships: 301.63M (Est. 290.93M) ; UP +16% YoY 🟢
Segment Performance:

United States and Canada (UCAN):

Revenue: $4.52B; UP +15% YoY
Paid Net Additions: +4.82M (Est. +1.75M) ; UP +72% YoY 🟢
Europe, Middle East, and Africa (EMEA):

Revenue: $3.29B; UP +18% YoY
Paid Net Additions: +5M (Est. +3.09M) ; DOWN -1% YoY 🟢
Asia-Pacific (APAC):

Revenue: $1.21B; UP +26% YoY
Paid Net Additions: +4.94M (Est. +2.70M) ; UP +70% YoY 🟢




GEV EARNINGS:

Key takeaways:

They missed the mark on most metrics, BUT:
Margins were higher across all segments.
Power and electrification orders were up significantly
Record orders in Electrification
Secured a contract for the Net Zero Teesside Power project in the UK, the world’s first gas-fired power station with carbon capture.
Ondshore wind still in losses, but less so.
has a strong backlog right now.
Overall, the earnings were so so, at the valuation and recent strength it has shown, now trading at 400, I think these earnings were a bit of a disappointment.

Revenue: $10.56B (Est. $10.70B) ; UP +5% YoY 🔴
Adj EPS: $1.73 (Est. $2.37) 🔴
Net Income: $0.5B; UP +$0.3B YoY
Adjusted EBITDA Margin: 10.2% Organic Revenue Growth: +9% YoY
Adjusted Organic EBITDA Margin: 10.6%; UP +440 bps YoY
Free Cash Flow: $0.6B; DOWN -$1.1B YoY
Cash Balance: $8.2B; UP from $7.4B in Q3'24
FY25 Guidance:

Revenue: $36B-$37B (Est. $36.81B) 🔴
Adjusted EBITDA Margin: High-single digits
Free Cash Flow: $2.0B-$2.5B (Est. $2.04B)
Q4 Segments:

Power:

Revenue: $5.43B (Est. $5.59B) ; DOWN -3% YoY 🔴
Orders: $6.6B; UP +24% YoY
EBITDA Margin: 14.9%; UP +60 bps YoY
Growth led by Gas Power services and HA deliveries
Wind:

Revenue: $3.11B (Est. $3.45B) ; UP +20% YoY 🔴
Orders: $2.03B; DOWN -41% YoY
Segment EBITDA Margin: 0.6%; UP +1,180 bps YoY
Driven by Onshore Wind, offset by Offshore Wind challenges
Electrification:

Revenue: $2.18B (Est. $2.19B) ; UP +11% YoY🔴
Orders: $4.8B; UP +118% YoY
Segment EBITDA Margin: 13.0%; UP +440 bps YoY
Growth driven by Grid Solutions and improved productivity

OTHER COMAPNIES:

OPENAI details $500B Stargate AI infrastructure project. $100B will be deployed immediately. news of this 500B spending hit the tape yesterday.
Key collaborators on this will be ARM, MSFT, NVDA, ORCL and OPenAI.
The goal is to Build U.S.-based AI infrastructure to boost re-industrialization, strengthen national security, and create hundreds of thousands of jobs
Will start in Texas and go from there.
"This will drive innovation in AI and AGI for humanity’s benefit."
TRUMP ADMINISTRATION PLANS TO DISBAND THE NATIONAL SPACE COUNCIL UNDER PRESSURE FROM SPACEX
UAL up on earnings, Airlines up in sympathy
Following NFLX earnings, A number of strong analyst ratings. JPM raises PT to 1150 from 1000, maintains overweight. Says bull thesis is the double digit revenue growth, continued operating margin expansion, FCF ramp and strong streaming leadership position.
RUM says it has set a new all-time record for average concurrent creator livestreams, surpassing previous records achieved on December 6th and election night.
GRND - Grindr plans to launch six new products in 2025, including AI-driven personalization tools like chat summaries and match recommendations. Travel-focused updates will feature an Explore Heatmap and a Travel Pass for easier connections while on the move.
WSC - is said to be fielding interest from private equity firms
TEM & other AI healthcare names - when asked about how Ai can help to fight diseases, Altman replies that “I believe that as this technology progresses we will see diseases get cured at an unprecedented rate.”
SNOW - Wedbush raises PT to 210 from 190, rates it at outperform. They said that this reflects stronger demand for its product portfolio that continues seeing elevated innovations with updated AI/ML capabilities that meet growing enterprise needs based on our recent feedback from the field.
PYPL - Jeffries rates at hold, PT of 90. We expect a solid transaction margin dollar beat on lower txn expense (mix benefit from Braintree churn), and branded TPV should (and we believe needs to) accelerate. Said Branded TPV is back to being the key TM$ variable in '25--we believe further acceleration is needed for the stock to work from here.
DDOG - Guggenheim reiterates neutral rating, Cites Fy2025 guide as a risk. Our checks were incrementally positive vs. 3Q, with more partners exceeding their Datadog business targets, while most partners expect acceleration in 2025 vs. 2024, due to optimism about a better IT spending environment that will benefit the Observability market. BUT material risk to FY25 guidance starting below consensus at 22% growth, and potentially below 20% if management wants to maintain the same upside vs. initial guide as with FY24.
DIS - Citi resumes at Buy, sets PT at 125. says Risk-reward looks favourable.
SBUX - Deutsche reiterates buy on SBUX, cites improving value perceptions. maintains PT at 118. While price remains a top reason for going to Starbucks less often, response rates related to price have been slightly decreasing over the last few months, which could potentially signal an improvement in value perceptions as Starbucks works to enhance price transparency.
UPS - Evercore ISI raises PT to 147 from 141, adds to tactical outperform list.
CELH - TD Cowen downgrades to hold from Buy, PT lowered to 29 from 40. Our retail tracking data indicates a deceleration in sales growth to 0.3% in the L4W ending January 11. The stock is already well below its highs, but the valuation multiple could contract even further
ACN - Accenture Invests in QuSecure to Strengthen Post-Quantum Cybersecurity
CRNC - Needham upgrades to buy from hold, sets PT at 16.
RDDT - Roth/MKM downgraded to neutral from buy. Downgrade based one aluation. balanced risk reward profile.
OTHER NEWS:

China announced a plan to boost medium and long-term funds in the market, including increasing the ratio of insurance money invested in stocks. The government plans to guide major state-owned insurers to raise A-share investments and expand swap facilities for securities firms, signaling efforts to support market liquidity and stability.
A new Pew Research study shows 26% of U.S. teens now use ChatGPT for schoolwork, doubling from 13% in 2023. Awareness of the AI chatbot has also surged, with 79% of teens saying they've heard of it.
IRAN's senior official: HAD WE WANTED TO BUILD A NUCLEAR WEAPON WE WOULD HAVE DONE IT LONG TIME AGO

PREMARKET REPORT 22/01. All news straight from Bloomberg terminal
KEY NEWS:

NFLX leading big tech higher after massive subscriber number beat.
News yesterday as Trump unveils 500B in AI infrastructure spending. Trump called it the biggest AI infrasrturuce project in history.
OPENAI details $500B Stargate AI infrastructure project. $100B will be deployed immediately. Key collaborators on this will be ARM, MSFT, NVDA, ORCL and OPenAI.
Musk responds that SoftBank has "well under $10B secured." Musk added, "I have that on good authority; they don’t actually have the money"
New Crypto task force will be dedicated to developing a comprehensive and clear regulatory framework for Crypto assets.



MARKETS:

SPX continues higher in premarket after breakout yday. Now trading at 6077. Looking to target ATHs
Dow and Nasdaq both also up. Term structure in nasdaq has moved lower heading into big tech earnings next week
GER40 continues higher. Calls are very strong on 21.5k so looks pretty much programmed to head towards there.
BTCUSD continues to test resistance at the top of the chop zone.
Dollar is lower again today, giving more strength to gold, which continues the breakout, up 0.43%
VIX is lower again, below 15 at 14.81.
TRUMP related news:

Says he's considering a 10% tariff on China, citing their role in fentanyl distribution to Mexico and Canada. He also says 25% tariffs on Mexico and Canada will start in the coming weeks. Said they have nothing to do with renegotiating the USMCA treaty. (probably means it's everything to do with that)
Says he is open to Elon Musk buying TikTok and has met with TikTok owners



MAG 7 NEWS:

AAPL was lower yesterday as iPhone sales in China drop 18% You IN holiday quarter, according to counterpoint research. They are now 3rd place in the China market. Huawei first place. Smartphone sales in China generally were in decline, but AAPL was particularly weak.
META - is doubling down on wearables for 2025. Oakley-branded smart glasses, AI-enhanced earbuds with cameras, and plans for high-end 'Hypernova' AR glasses.
META - Jefferies reiterates buy rating on META, maintains PT at 715. Said expectations re reasonable. Only up 4% in Q3 vs AMZN and GOOGL which are both up 20%. Said their ad checks remain bullish on META and our convos with teens indicate that TikTok's ban is driving them to IG Reels
MSFT - OpenAI says that Stargate is an extension of its work with Microsoft and says that its partnership with Microsoft is growing. Reitereatd that OpenAI’s API remains exclusive to Azure, and Microsoft retains rights to OpenAI’s intellectual property for products like Copilot.
MSFT - Jefferies keeps at buy, PT 500. We view F2Q expectations of 10% yoy cc growth (vs F1Q's 16%) on a 4 pt tougher comp as achievable, but expect F3Q guide to be prudent.
GOOGL has committed an additional $1B to Anthropic, the AI developer behind the Claude models, bringing its total investment to over $3 billion, according to sources familiar with the matter. Anthropic is key competitor to OpenAI.
AMZN - Cantor Fitzgerald reiterates overweight on AMZN, keeps as top pick, PT 270. Plenty of potential catalysts in 2025. steady AWS acceleration and margin expansion in retail. LLM AI layer is becoming clearer
TSLA - WEdbush raises PT to 550 from 515. Says next 4 years will be a total game changer for the autonomous and AI story. Cited trump in Whitehouse as the main son



EARNINGS:

NFLX:

That subscriber number was absolutely ridiculous.
Announced a $15B share buyback.
hiking U.S. subscription prices by $1 to $2.50 per month, depending on the plan
Bullish price hikes.
The company added 18.9M subscribers in the quarter, hitting 302M globally, driven by live events like its first NFL games and the Tyson vs. Paul boxing match.
Saw record breaking NFL viewership on Xmas day.
Most streamed sporting event ever with Jake Paul fight.
Really strong subscriber numbers then.
Quarterly revenue up 16% to 10.2B.
Squid games and Carry On were both massive hits.
Said they saw reaccelerating of growth with revenue increasing.
Strong momentum as they see Stranger Things and Wednesday return.
Said live programming is a great driver of growth
So too is ad supported plans.
They plan to focus on ad supported plans, 55% of new sign ups are opting for ad tiers, so they want to focus energy there.
Said they have done exclusive rights to Fifa women's World Cup in 2027 and 2031.
Financials:

Revenue: $10.25B (Est. $10.11B) ; UP +16% YoY 🟢
EPS: $4.27 (Est. $4.1 cool ; UP +102% YoY 🟢
Operating Income: $2.27B (Est. $2.2B) ; UP +52% YoY 🟢
Operating Margin: 22.2% (Est. 21.9%) 🟢
Free Cash Flow: $1.38B (Est. $1.06B) ; DOWN -13% YoY 🟢
Subscribers:

Streaming Paid Net Additions: +18.91M (Est. +9.18M) ; UP +44% YoY 🟢
Total Streaming Paid Memberships: 301.63M (Est. 290.93M) ; UP +16% YoY 🟢
Segment Performance:

United States and Canada (UCAN):

Revenue: $4.52B; UP +15% YoY
Paid Net Additions: +4.82M (Est. +1.75M) ; UP +72% YoY 🟢
Europe, Middle East, and Africa (EMEA):

Revenue: $3.29B; UP +18% YoY
Paid Net Additions: +5M (Est. +3.09M) ; DOWN -1% YoY 🟢
Asia-Pacific (APAC):

Revenue: $1.21B; UP +26% YoY
Paid Net Additions: +4.94M (Est. +2.70M) ; UP +70% YoY 🟢




GEV EARNINGS:

Key takeaways:

They missed the mark on most metrics, BUT:
Margins were higher across all segments.
Power and electrification orders were up significantly
Record orders in Electrification
Secured a contract for the Net Zero Teesside Power project in the UK, the world’s first gas-fired power station with carbon capture.
Ondshore wind still in losses, but less so.
has a strong backlog right now.
Overall, the earnings were so so, at the valuation and recent strength it has shown, now trading at 400, I think these earnings were a bit of a disappointment.

Revenue: $10.56B (Est. $10.70B) ; UP +5% YoY 🔴
Adj EPS: $1.73 (Est. $2.37) 🔴
Net Income: $0.5B; UP +$0.3B YoY
Adjusted EBITDA Margin: 10.2% Organic Revenue Growth: +9% YoY
Adjusted Organic EBITDA Margin: 10.6%; UP +440 bps YoY
Free Cash Flow: $0.6B; DOWN -$1.1B YoY
Cash Balance: $8.2B; UP from $7.4B in Q3'24
FY25 Guidance:

Revenue: $36B-$37B (Est. $36.81B) 🔴
Adjusted EBITDA Margin: High-single digits
Free Cash Flow: $2.0B-$2.5B (Est. $2.04B)
Q4 Segments:

Power:

Revenue: $5.43B (Est. $5.59B) ; DOWN -3% YoY 🔴
Orders: $6.6B; UP +24% YoY
EBITDA Margin: 14.9%; UP +60 bps YoY
Growth led by Gas Power services and HA deliveries
Wind:

Revenue: $3.11B (Est. $3.45B) ; UP +20% YoY 🔴
Orders: $2.03B; DOWN -41% YoY
Segment EBITDA Margin: 0.6%; UP +1,180 bps YoY
Driven by Onshore Wind, offset by Offshore Wind challenges
Electrification:

Revenue: $2.18B (Est. $2.19B) ; UP +11% YoY🔴
Orders: $4.8B; UP +118% YoY
Segment EBITDA Margin: 13.0%; UP +440 bps YoY
Growth driven by Grid Solutions and improved productivity

OTHER COMAPNIES:

OPENAI details $500B Stargate AI infrastructure project. $100B will be deployed immediately. news of this 500B spending hit the tape yesterday.
Key collaborators on this will be ARM, MSFT, NVDA, ORCL and OPenAI.
The goal is to Build U.S.-based AI infrastructure to boost re-industrialization, strengthen national security, and create hundreds of thousands of jobs
Will start in Texas and go from there.
"This will drive innovation in AI and AGI for humanity’s benefit."
TRUMP ADMINISTRATION PLANS TO DISBAND THE NATIONAL SPACE COUNCIL UNDER PRESSURE FROM SPACEX
UAL up on earnings, Airlines up in sympathy
Following NFLX earnings, A number of strong analyst ratings. JPM raises PT to 1150 from 1000, maintains overweight. Says bull thesis is the double digit revenue growth, continued operating margin expansion, FCF ramp and strong streaming leadership position.
RUM says it has set a new all-time record for average concurrent creator livestreams, surpassing previous records achieved on December 6th and election night.
GRND - Grindr plans to launch six new products in 2025, including AI-driven personalization tools like chat summaries and match recommendations. Travel-focused updates will feature an Explore Heatmap and a Travel Pass for easier connections while on the move.
WSC - is said to be fielding interest from private equity firms
TEM & other AI healthcare names - when asked about how Ai can help to fight diseases, Altman replies that “I believe that as this technology progresses we will see diseases get cured at an unprecedented rate.”
SNOW - Wedbush raises PT to 210 from 190, rates it at outperform. They said that this reflects stronger demand for its product portfolio that continues seeing elevated innovations with updated AI/ML capabilities that meet growing enterprise needs based on our recent feedback from the field.
PYPL - Jeffries rates at hold, PT of 90. We expect a solid transaction margin dollar beat on lower txn expense (mix benefit from Braintree churn), and branded TPV should (and we believe needs to) accelerate. Said Branded TPV is back to being the key TM$ variable in '25--we believe further acceleration is needed for the stock to work from here.
DDOG - Guggenheim reiterates neutral rating, Cites Fy2025 guide as a risk. Our checks were incrementally positive vs. 3Q, with more partners exceeding their Datadog business targets, while most partners expect acceleration in 2025 vs. 2024, due to optimism about a better IT spending environment that will benefit the Observability market. BUT material risk to FY25 guidance starting below consensus at 22% growth, and potentially below 20% if management wants to maintain the same upside vs. initial guide as with FY24.
DIS - Citi resumes at Buy, sets PT at 125. says Risk-reward looks favourable.
SBUX - Deutsche reiterates buy on SBUX, cites improving value perceptions. maintains PT at 118. While price remains a top reason for going to Starbucks less often, response rates related to price have been slightly decreasing over the last few months, which could potentially signal an improvement in value perceptions as Starbucks works to enhance price transparency.
UPS - Evercore ISI raises PT to 147 from 141, adds to tactical outperform list.
CELH - TD Cowen downgrades to hold from Buy, PT lowered to 29 from 40. Our retail tracking data indicates a deceleration in sales growth to 0.3% in the L4W ending January 11. The stock is already well below its highs, but the valuation multiple could contract even further
ACN - Accenture Invests in QuSecure to Strengthen Post-Quantum Cybersecurity
CRNC - Needham upgrades to buy from hold, sets PT at 16.
RDDT - Roth/MKM downgraded to neutral from buy. Downgrade based one aluation. balanced risk reward profile.
OTHER NEWS:

China announced a plan to boost medium and long-term funds in the market, including increasing the ratio of insurance money invested in stocks. The government plans to guide major state-owned insurers to raise A-share investments and expand swap facilities for securities firms, signaling efforts to support market liquidity and stability.
A new Pew Research study shows 26% of U.S. teens now use ChatGPT for schoolwork, doubling from 13% in 2023. Awareness of the AI chatbot has also surged, with 79% of teens saying they've heard of it.
IRAN's senior official: HAD WE WANTED TO BUILD A NUCLEAR WEAPON WE WOULD HAVE DONE IT LONG TIME AGO

PREMARKET REPORT 22/01. All news straight from Bloomberg terminal
KEY NEWS:

NFLX leading big tech higher after massive subscriber number beat.
News yesterday as Trump unveils 500B in AI infrastructure spending. Trump called it the biggest AI infrasrturuce project in history.
OPENAI details $500B Stargate AI infrastructure project. $100B will be deployed immediately. Key collaborators on this will be ARM, MSFT, NVDA, ORCL and OPenAI.
Musk responds that SoftBank has "well under $10B secured." Musk added, "I have that on good authority; they don’t actually have the money"
New Crypto task force will be dedicated to developing a comprehensive and clear regulatory framework for Crypto assets.



MARKETS:

SPX continues higher in premarket after breakout yday. Now trading at 6077. Looking to target ATHs
Dow and Nasdaq both also up. Term structure in nasdaq has moved lower heading into big tech earnings next week
GER40 continues higher. Calls are very strong on 21.5k so looks pretty much programmed to head towards there.
BTCUSD continues to test resistance at the top of the chop zone.
Dollar is lower again today, giving more strength to gold, which continues the breakout, up 0.43%
VIX is lower again, below 15 at 14.81.
TRUMP related news:

Says he's considering a 10% tariff on China, citing their role in fentanyl distribution to Mexico and Canada. He also says 25% tariffs on Mexico and Canada will start in the coming weeks. Said they have nothing to do with renegotiating the USMCA treaty. (probably means it's everything to do with that)
Says he is open to Elon Musk buying TikTok and has met with TikTok owners



MAG 7 NEWS:

AAPL was lower yesterday as iPhone sales in China drop 18% You IN holiday quarter, according to counterpoint research. They are now 3rd place in the China market. Huawei first place. Smartphone sales in China generally were in decline, but AAPL was particularly weak.
META - is doubling down on wearables for 2025. Oakley-branded smart glasses, AI-enhanced earbuds with cameras, and plans for high-end 'Hypernova' AR glasses.
META - Jefferies reiterates buy rating on META, maintains PT at 715. Said expectations re reasonable. Only up 4% in Q3 vs AMZN and GOOGL which are both up 20%. Said their ad checks remain bullish on META and our convos with teens indicate that TikTok's ban is driving them to IG Reels
MSFT - OpenAI says that Stargate is an extension of its work with Microsoft and says that its partnership with Microsoft is growing. Reitereatd that OpenAI’s API remains exclusive to Azure, and Microsoft retains rights to OpenAI’s intellectual property for products like Copilot.
MSFT - Jefferies keeps at buy, PT 500. We view F2Q expectations of 10% yoy cc growth (vs F1Q's 16%) on a 4 pt tougher comp as achievable, but expect F3Q guide to be prudent.
GOOGL has committed an additional $1B to Anthropic, the AI developer behind the Claude models, bringing its total investment to over $3 billion, according to sources familiar with the matter. Anthropic is key competitor to OpenAI.
AMZN - Cantor Fitzgerald reiterates overweight on AMZN, keeps as top pick, PT 270. Plenty of potential catalysts in 2025. steady AWS acceleration and margin expansion in retail. LLM AI layer is becoming clearer
TSLA - WEdbush raises PT to 550 from 515. Says next 4 years will be a total game changer for the autonomous and AI story. Cited trump in Whitehouse as the main son



EARNINGS:

NFLX:

That subscriber number was absolutely ridiculous.
Announced a $15B share buyback.
hiking U.S. subscription prices by $1 to $2.50 per month, depending on the plan
Bullish price hikes.
The company added 18.9M subscribers in the quarter, hitting 302M globally, driven by live events like its first NFL games and the Tyson vs. Paul boxing match.
Saw record breaking NFL viewership on Xmas day.
Most streamed sporting event ever with Jake Paul fight.
Really strong subscriber numbers then.
Quarterly revenue up 16% to 10.2B.
Squid games and Carry On were both massive hits.
Said they saw reaccelerating of growth with revenue increasing.
Strong momentum as they see Stranger Things and Wednesday return.
Said live programming is a great driver of growth
So too is ad supported plans.
They plan to focus on ad supported plans, 55% of new sign ups are opting for ad tiers, so they want to focus energy there.
Said they have done exclusive rights to Fifa women's World Cup in 2027 and 2031.
Financials:

Revenue: $10.25B (Est. $10.11B) ; UP +16% YoY 🟢
EPS: $4.27 (Est. $4.1 cool ; UP +102% YoY 🟢
Operating Income: $2.27B (Est. $2.2B) ; UP +52% YoY 🟢
Operating Margin: 22.2% (Est. 21.9%) 🟢
Free Cash Flow: $1.38B (Est. $1.06B) ; DOWN -13% YoY 🟢
Subscribers:

Streaming Paid Net Additions: +18.91M (Est. +9.18M) ; UP +44% YoY 🟢
Total Streaming Paid Memberships: 301.63M (Est. 290.93M) ; UP +16% YoY 🟢
Segment Performance:

United States and Canada (UCAN):

Revenue: $4.52B; UP +15% YoY
Paid Net Additions: +4.82M (Est. +1.75M) ; UP +72% YoY 🟢
Europe, Middle East, and Africa (EMEA):

Revenue: $3.29B; UP +18% YoY
Paid Net Additions: +5M (Est. +3.09M) ; DOWN -1% YoY 🟢
Asia-Pacific (APAC):

Revenue: $1.21B; UP +26% YoY
Paid Net Additions: +4.94M (Est. +2.70M) ; UP +70% YoY 🟢




GEV EARNINGS:

Key takeaways:

They missed the mark on most metrics, BUT:
Margins were higher across all segments.
Power and electrification orders were up significantly
Record orders in Electrification
Secured a contract for the Net Zero Teesside Power project in the UK, the world’s first gas-fired power station with carbon capture.
Ondshore wind still in losses, but less so.
has a strong backlog right now.
Overall, the earnings were so so, at the valuation and recent strength it has shown, now trading at 400, I think these earnings were a bit of a disappointment.

Revenue: $10.56B (Est. $10.70B) ; UP +5% YoY 🔴
Adj EPS: $1.73 (Est. $2.37) 🔴
Net Income: $0.5B; UP +$0.3B YoY
Adjusted EBITDA Margin: 10.2% Organic Revenue Growth: +9% YoY
Adjusted Organic EBITDA Margin: 10.6%; UP +440 bps YoY
Free Cash Flow: $0.6B; DOWN -$1.1B YoY
Cash Balance: $8.2B; UP from $7.4B in Q3'24
FY25 Guidance:

Revenue: $36B-$37B (Est. $36.81B) 🔴
Adjusted EBITDA Margin: High-single digits
Free Cash Flow: $2.0B-$2.5B (Est. $2.04B)
Q4 Segments:

Power:

Revenue: $5.43B (Est. $5.59B) ; DOWN -3% YoY 🔴
Orders: $6.6B; UP +24% YoY
EBITDA Margin: 14.9%; UP +60 bps YoY
Growth led by Gas Power services and HA deliveries
Wind:

Revenue: $3.11B (Est. $3.45B) ; UP +20% YoY 🔴
Orders: $2.03B; DOWN -41% YoY
Segment EBITDA Margin: 0.6%; UP +1,180 bps YoY
Driven by Onshore Wind, offset by Offshore Wind challenges
Electrification:

Revenue: $2.18B (Est. $2.19B) ; UP +11% YoY🔴
Orders: $4.8B; UP +118% YoY
Segment EBITDA Margin: 13.0%; UP +440 bps YoY
Growth driven by Grid Solutions and improved productivity

OTHER COMAPNIES:

OPENAI details $500B Stargate AI infrastructure project. $100B will be deployed immediately. news of this 500B spending hit the tape yesterday.
Key collaborators on this will be ARM, MSFT, NVDA, ORCL and OPenAI.
The goal is to Build U.S.-based AI infrastructure to boost re-industrialization, strengthen national security, and create hundreds of thousands of jobs
Will start in Texas and go from there.
"This will drive innovation in AI and AGI for humanity’s benefit."
TRUMP ADMINISTRATION PLANS TO DISBAND THE NATIONAL SPACE COUNCIL UNDER PRESSURE FROM SPACEX
UAL up on earnings, Airlines up in sympathy
Following NFLX earnings, A number of strong analyst ratings. JPM raises PT to 1150 from 1000, maintains overweight. Says bull thesis is the double digit revenue growth, continued operating margin expansion, FCF ramp and strong streaming leadership position.
RUM says it has set a new all-time record for average concurrent creator livestreams, surpassing previous records achieved on December 6th and election night.
GRND - Grindr plans to launch six new products in 2025, including AI-driven personalization tools like chat summaries and match recommendations. Travel-focused updates will feature an Explore Heatmap and a Travel Pass for easier connections while on the move.
WSC - is said to be fielding interest from private equity firms
TEM & other AI healthcare names - when asked about how Ai can help to fight diseases, Altman replies that “I believe that as this technology progresses we will see diseases get cured at an unprecedented rate.”
SNOW - Wedbush raises PT to 210 from 190, rates it at outperform. They said that this reflects stronger demand for its product portfolio that continues seeing elevated innovations with updated AI/ML capabilities that meet growing enterprise needs based on our recent feedback from the field.
PYPL - Jeffries rates at hold, PT of 90. We expect a solid transaction margin dollar beat on lower txn expense (mix benefit from Braintree churn), and branded TPV should (and we believe needs to) accelerate. Said Branded TPV is back to being the key TM$ variable in '25--we believe further acceleration is needed for the stock to work from here.
DDOG - Guggenheim reiterates neutral rating, Cites Fy2025 guide as a risk. Our checks were incrementally positive vs. 3Q, with more partners exceeding their Datadog business targets, while most partners expect acceleration in 2025 vs. 2024, due to optimism about a better IT spending environment that will benefit the Observability market. BUT material risk to FY25 guidance starting below consensus at 22% growth, and potentially below 20% if management wants to maintain the same upside vs. initial guide as with FY24.
DIS - Citi resumes at Buy, sets PT at 125. says Risk-reward looks favourable.
SBUX - Deutsche reiterates buy on SBUX, cites improving value perceptions. maintains PT at 118. While price remains a top reason for going to Starbucks less often, response rates related to price have been slightly decreasing over the last few months, which could potentially signal an improvement in value perceptions as Starbucks works to enhance price transparency.
UPS - Evercore ISI raises PT to 147 from 141, adds to tactical outperform list.
CELH - TD Cowen downgrades to hold from Buy, PT lowered to 29 from 40. Our retail tracking data indicates a deceleration in sales growth to 0.3% in the L4W ending January 11. The stock is already well below its highs, but the valuation multiple could contract even further
ACN - Accenture Invests in QuSecure to Strengthen Post-Quantum Cybersecurity
CRNC - Needham upgrades to buy from hold, sets PT at 16.
RDDT - Roth/MKM downgraded to neutral from buy. Downgrade based one aluation. balanced risk reward profile.
OTHER NEWS:

China announced a plan to boost medium and long-term funds in the market, including increasing the ratio of insurance money invested in stocks. The government plans to guide major state-owned insurers to raise A-share investments and expand swap facilities for securities firms, signaling efforts to support market liquidity and stability.
A new Pew Research study shows 26% of U.S. teens now use ChatGPT for schoolwork, doubling from 13% in 2023. Awareness of the AI chatbot has also surged, with 79% of teens saying they've heard of it.
IRAN's senior official: HAD WE WANTED TO BUILD A NUCLEAR WEAPON WE WOULD HAVE DONE IT LONG TIME AGO