Hey Snackers,
The people have spoken, and the people want the orange drink. The Hi-C drink is returning to McDonald's soda fountains, after four long years of customer complaints.
The Dow index set another record high yesterday. Investors are hyped about progress on President Biden's $1.9T stimulus.
As thick as Jack Dorsey's beard... Twitter's earnings. The little blue bird (apparently named Larry) just delivered 2020 results. It was a news-packed year, to say the least. As usual, Twitter served as the hub for current events convos.
Larry flying high... Twitter stock soared to a record high yesterday. The positive outlook soothed concerns that engagement would drop post-Trump-era. But investors might also be eyeing Twitter's 60-day shopping spree:
Twitter is focused on destroying friction... and bringing everything a creator needs into one app. Right now: you follow Bill Gates on Twitter, but get his Gates Notes newsletter on Gmail. You follow Elon Musk on Twitter, but attend his live chat on Clubhouse. You follow T Swift on Twitter, but watch her Live stream on Facebook. From newsletters, to live podcasts, and hosted video chats: Twitter wants to make sure that Twitter is the final destination for users and creators â instead of an app that redirects you to other platforms.
Get in the e-Hummer, we're going shopping... GM stock has been cruising around all-time highs, thanks to its ambitious plans for an all-electric future (phase out gas-guzzlers by 2035). It also just posted strong quarterly earnings and an upbeat profit outlook for 2021. But GM has a big (tiny) problem: chips.
Seeing the chip bowl half-empty... Despite all the positive news surrounding GM, investors got hung up on its semiconductor problems. Yesterday, GM said it expects lost production from the chip shortage to erode $1.5B to $2B of its 2021 profit. That's about the same L that Ford is expecting to take. GM also plans to extend shutdowns at several of its American factories.
Car companies will have to become more like tech companies... to be successful in the future of electric, autonomous mobility. The competition is steep: GM's Cruise, Google's Waymo, Tesla, and even Apple, are all working on fully self-driving vehicles. The winner will likely be the car with the best self-driving brain. AI chips are critical to that. That's why Tesla, GM, and others, have joined the race for the best autonomous chip. Not only could it make them self-sufficient â but it also could give them the edge they need to stand out.
Authors of this Snacks own shares of: Walmart, Uber, and Amazon
ID: 1521360