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  • Rippers Weekly Recap 12/03: Tesla Delivers First Semi Trucks

Rippers Weekly Recap 12/03: Tesla Delivers First Semi Trucks

Plus Jerome Powell speaks on inflation and economic outlook, NYT DealBook takeaways, and much more!

Hey everyone, it’s @StockMKTNewz Evan! You can always see the moves I make and what individual stocks I own on my Savvy Trader Portfolio.

I spend 70 hours every week looking for news so you don't have to. I want you to be able to see everything major from the week in under five minutes, but also be able to spend hours digging through all the stories and pictures. To that end, I include a lot of links (every picture has one). So, if you’re interested in a story or image, click in and explore!

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How The Stock Market Performed This Past Week

Heat Map of the S&P 500

How The Largest Stocks Performed

Best Performing Large Cap Stocks

Worst Performing Large Cap Stocks


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Major Earnings

CrowdStrike reported earnings Tuesday after the market closed, posting numbers of:

  • EPS of $0.40, beating expectations of $0.31

  • Revenue of $581M, beating expectations of $573.8M

Salesforce reported earnings Wednesday after the market opened, posting numbers of:

  • EPS of $1.40, beating expectations of $1.21

  • Revenue of $7.84B, beating expectations of $7.82B

Snowflake reported earnings Wednesday after the market closed, posting numbers of:

  • EPS of $0.11, beating expectations of $0.04

  • Revenue of $557M, beating expectations of $539.1M

Major Headlines From This Week


  • Tesla is developing a revamped Model 3 for production starting in Q3 202 that is codenamed 'highland,' which will focus on a redesigned interior and reducing costs - CleanTechnica

  • Disney CEO Bob Iger told employees that Disney must shift its focus toward making its streaming business profitable rather than concentrating on just adding subscribers - Yahoo

  • Apple is likely to have a production shortfall of 6M iPhones due to turmoil at the largest Foxconn iPhone plant in China - Bloomberg

  • Snap has asked employees to spend 4 days per week in office - CNet

  • Meta was fined $277M in the EU for failing to prevent millions of Facebook users' mobile phone numbers and other data from being scraped and dumped online - Engadget

  • The Biden administration plans to offer hundreds of thousands of acres off the coast of Alaska for new oil and gas drilling next month - Bloomberg

  • Amazon is shutting down its wholesale distribution business in India - TechCrunch

  • US TSA screened 2.56M air travelers on Sunday, the busiest day since December 2019 - Reuters

  • IBM plans to establish a new service center in Taiwan with plans to increase its total workforce in the country next year - DigiTimes

  • Sony to supply Apple with advanced image sensors for the next iPhone - NikkeiAsia

  • Bob Iger told Disney employees its hiring freeze will stay in place, making comments about remote work as well - CNBC

  • Amazon Web Services is promising to replenish the water its data centers use by 2030 - Amazon

  • BlockFi is suing Sam Bankman-Fried over shares in Robinhood that the FTX founder allegedly pledged as collateral earlier this month - Cointelegraph


  • Amazon Web Services expects to keep hiring and keep building data centers in 2023 - Bloomberg

  • Consumers spent $11.3B on Cyber Monday, up 5.8% YoY - Tech Crunch

  • Apple CEO Tim Cook visited Washington D.C. to meet with top GOP lawmakers - MacRumors

  • Tesla added more cybertruck-specific jobs to its careers page - InsideEVs

  • Disney Channel and ESPN each lost 2M subscribers during this past fiscal year - Bloomberg

  • Albertsons CEO said he thinks its deal with Kroger would help them compete with Walmart and Amazon - Bloomberg

  • The Chinese city of Zhengzhou, with the largest iPhone factory, eased its Covid restrictions - Bloomberg

  • Shopify merchants saw sales of $7.5B during this Black Friday/Cyber Monday weekend ,up 19% YoY - Shopify

  • Apple spent more than $550B buying back its own shares over the past decade - Bloomberg

  • South Korea plans to offer "tailored" incentives to encourage Tesla to set up an EV gigafactory in the country - Reuters

  • Yahoo plans to offer retail stock trading services - Axios

  • Merck increased its quarterly dividend to $0.73 per share, up from $0.69 per share - Yahoo

  • Microsoft declared a quarterly dividend of $0.68 per share, unchanged from its previous dividend - Microsoft

  • Amazon introduced AWS Supply Chain - Tech Crunch

  • Disney paid $900M to the MLB to buy out the league’s remaining 15% stake in the streaming firm BAMTech - Tech Crunch

  • Amazon raised $8.25B through a 5-part debt offering - Bloomberg


  • Jerome Powell spoke about the economic outlook, inflation, and the labor market (listen to the full thing here):

    • Powell said smaller interest rate hikes are likely ahead and could start in December

    • Rate peak likely `somewhat higher’ than September forecasts

    • FED will need restrictive policy for "some time"

  • US appeals court rejects Biden's bid to revive student debt plan - CNBC

  • Elon Musk's Neuralink expects to begin human trials of its brain implant in six months - The Verge

  • The Dow Jones closed 20% up off its recent September lows, entering a Bull market - Bloomberg

  • ​​General Motors-owned Cruise is seeking DMV approval to test shuttles without a steering wheel in San Francisco - WSJ

  • Palantir and Lockheed Martin just announced a new partnership focused on delivering modern software to support today's and tomorrow's Navy combat systems - Newswire

  • Tesla is preparing for 75K Model Ys to come out of Gigafactory Texas next quarter - Electrek

  • Costco reported net sales of $19.17B for November, up 5.7% YoY - Costco

  • Amazon said this Thanksgiving holiday shopping weekend was its biggest ever - NBC

  • Ford announced the production of its 150,000th electric Mustang Mach-E - Electrek

  • House and Senate negotiators have reportedly agreed to endorse a $45B increase to President Biden’s defense spending plans - Politico

  • ESPN Chairman Jimmy Pitaro said ESPN has held talks with the "usual suspects" on sports betting and that people shouldn't anticipate a deal to be imminent - Hollywood Reporter

  • Meta is scaling back its office space in New York City’s Hudson Yards - Bloomberg

  • Brazilian lawmakers approved a bill that legalizes crypto as a payment method in the country - CoinTelegraph

  • Pending home sales in the US dropped by 4.6% MoM in October, bringing the YoY decline to 36.7% - NAR

  • US employment increased by 127,000 private sector jobs in November ,below estimates of 200,000 - CNBC

  • Airbnb launched a new apartment rental platform in more than 25 markets across the U.S. - Airbnb

  • Euro Area CPI for November just came in at +10% YoY, below expectations of +10.4% - EU

  • The second reading of Q3 US GDP came in at +2.9%, above expectations of +2.7% - BEA

  • NYC subways may cost $2.90 in 2023, up 5.5% from current levels. They would also increase to $3.05 in 2025 under the proposed MTA fare hike - Yahoo

  • Apple never considered removing Twitter from the App Store - Twitter

  • Mark Zuckerberg spoke at the NYT DealBook conference

    • Instagram reels has half the usage of tiktok outside of china

    • Zuckerberg said he was wrong to say Meta is wholly focused on the metaverse

    • Zuckerberg said he made a mistake assuming the 2021 trends would last

  • Andy Jassy spoke at the NYT DealBook conference

    • Jassy didn't think Bezos was going to leave Amazon's CEO role

    • Amazon will continue investing in sports

    • Amazon hired aggressively in recent years, and Jassy realized it needed to be slimmer on some of its resources


  • Tesla officially delivered its first semi truck to Pepsi - CNN

  • Taiwan Semiconductor plans to make more advanced 4NM chips at its new plant in Arizona after being pushed to by US customers like Apple - Bloomberg

  • Apple is ramping up work on the software for its upcoming AR/VR headset now, internally calling it xrOS - MacRumors

  • Biden's student debt forgiveness program is going to the Supreme Court - CBS

  • Tesla is giving a $3,750 discount for every Model 3 and Model Y vehicle delivered in the US during December - Electrek

  • Blackstone has limited investor withdrawals at its Blackstone real estate investment fund - FT

  • The FED's preferred inflation index PCE came in at 6% YoY for October, in line with expectations - BEA

  • Coinbase has accused Apple of forcing it to remove NFT transfers from its Wallet app on iOS - The Verge

  • McDonald's is testing a new small format concept in Fort Worth, Texas, designed specifically for express to-go orders - Restaurant Business

  • HSBC plans to cut around 10-15% of its Chief Operating Officer roles worldwide - Reuters

  • The FCC issued a key authorization to SpaceX allowing them to begin deployment of up to 7,500 2nd generation Starlink satellites - CNBC


  • President Biden signed the medical marijuana research bill the first piece of standalone federal cannabis reform legislation in U.S. history - Marijuana Moment

  • Apple in recent weeks has accelerated plans to shift some of its production outside China - WSJ

  • Microsoft is reportedly ready to fight for its deal to acquire Activision - Wccftech

  • US Jobs data - BLS

    • Unemployment rate for November came in at 3.7%, in line with expectations

    • Average hourly earnings for November came in at $32.82, up 5.09% YoY

    • Labor Force Participation Rate For November: 62.1% below expectations of 62.3%

    • November nonfarm payrolls came in at +263K, above expectations of +200K

  • European Union officials set a $60 price cap per barrel on Russian oil - CNBC

  • Ford sold a total of 146.4K vehicles in November, down 7.8% YoY - Tweet

  • Biden signed a bill averting rail worker strike - CNBC

  • The US Air Force unveiled its next-generation stealth bomber the B-21 Raider built by Northrop Grumman - ABC

  • JPMorgan, Bank of America and Citi all slashed bonuses for bankers - Bloomberg

Get Prepared For Next Week

Economic Calendar

FED Blackout period: We will hear no more FED speakers until after their December FOMC meeting on the 13th and 14th

Earnings Calendar

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