Rippers Weekly Recap 4/01

The NASDAQ 100 $QQQ closed Q1 up ~20% its 2nd best quarter over the past decade

— StockMKTNewz - Evan (@StockMKTNewz)
8:16 PM • Mar 31, 2023

JUST IN:

Apple $AAPL introduces Apple Pay Later to allow consumers to pay for purchases over time

— StockMKTNewz - Evan (@StockMKTNewz)
3:31 PM • Mar 28, 2023

General Motors $GM plans to phase out Apple CarPlay $AAPL and Android Auto tech that lets drivers to bypass a vehicle's infotainment systems

GM is instead shifting to a built-in infotainment systems developed with Google $GOOGL for future electric vehicles - Reuters twitter.com/i/web/status/1…

— StockMKTNewz - Evan (@StockMKTNewz)
2:29 PM • Mar 31, 2023

Google $GOOGL CEO Sundar Pichai promises upgrades to the Bard AI chatbot soon: ‘We clearly have more capable models’

“In some ways I feel like we took a souped-up Civic and put it in a race with more powerful cars”

— StockMKTNewz - Evan (@StockMKTNewz)
1:19 PM • Mar 31, 2023

JUST IN:

Tesla $TSLA is pursuing building a 🇺🇸 factory for EV battery production with China's CATL and discussed plans with White House officials recently - Bloomberg

— StockMKTNewz - Evan (@StockMKTNewz)
6:32 PM • Mar 30, 2023

Alibaba $BABA announced today plans to split the company into 6 separate units that will individually raise funds and explore IPOs - Bloomberg

— StockMKTNewz - Evan (@StockMKTNewz)
1:06 PM • Mar 28, 2023

The FED's preferred inflation index just released

PCE for February came in at +5% YoY below expectations of +5.1% (+0.3% MoM below expectations of +0.4%)

— StockMKTNewz - Evan (@StockMKTNewz)
12:35 PM • Mar 31, 2023

Rumor going around right now, Never seen this source before and can't confirm so take this with a grain of salt but the stock is moving 🤣

Amazon $AMZN is allegedly considering buying $AMC

— StockMKTNewz - Evan (@StockMKTNewz)
5:29 PM • Mar 28, 2023

Google $GOOGL CFO Ruth Porat sent a memo to employees today saying the company isnt done with spending cuts yet

Porat said Google would eliminate some snack bars and close cafeterias on days with modest traffic

Google will also introduce an internal tool that helps teams pick… twitter.com/i/web/status/1…

— StockMKTNewz - Evan (@StockMKTNewz)
8:14 PM • Mar 31, 2023

The 🇺🇸 Treasury Department just released new rules that will significantly shorten the list of electric vehicles that qualify for new federal tax credits.

The new rules will go into effect on April 18th - Reuters

— StockMKTNewz - Evan (@StockMKTNewz)
1:06 PM • Mar 31, 2023

NEW: Microsoft $MSFT is exploring placing ads into Bing’s new AI-powered chatbot

— StockMKTNewz - Evan (@StockMKTNewz)
12:07 AM • Mar 30, 2023

Ford $F is increasing the price of some models of its F-150 Lightning electric pickup, with the base model now starting at $61,869 including shipping up about 50% over the initial starting price when the truck launched in April 2022 - Automotive News

— StockMKTNewz - Evan (@StockMKTNewz)
4:48 PM • Mar 30, 2023

Square $SQ owned Cash App said today it had more than 51 million monthly transacting active customers, of which 44 million were verified through its identity verification program as of Dec. 31st - Reuters

— StockMKTNewz - Evan (@StockMKTNewz)
4:24 PM • Mar 30, 2023

JUST IN:

Warren Buffett's Berkshire Hathaway $BRK.B filed for its purchase of 3.7 Million more shares of Occidental $OXY at an average price of $58.98 per share

Berkshire now owns 211.7M shares of Occidental + 83.9M warrants to purchase more shares of common stock

— StockMKTNewz - Evan (@StockMKTNewz)
11:07 PM • Mar 27, 2023

JUST IN:

Lucid $LCID is reportedly planning to lay off ~18% of its workforce representing about 1,290 employees - Insider

— StockMKTNewz - Evan (@StockMKTNewz)
5:52 PM • Mar 28, 2023

Pinterest $PINS just announced it plans to lay off 4% of its workforce a move that started in February

$PINS will also abandon certain leased office spaces twitter.com/i/web/status/1…

— StockMKTNewz - Evan (@StockMKTNewz)
8:14 PM • Mar 27, 2023

MICRON $MU JUST REPORTED EARNINGS

EPS of -$1.91 missing expectations of -$0.88
Revenue of $3.69B missing expectations of $3.71B

— StockMKTNewz - Evan (@StockMKTNewz)
8:04 PM • Mar 28, 2023

LULULEMON $LULU JUST REPORTED EARNINGS

EPS of $4.40 beating expectations of $4.26
Revenue of $2.77B beating expectations of $2.70B

— Savvy Trader (@SavvyTrader)
8:06 PM • Mar 28, 2023

$ROKU announced today it’s reducing the size of its workforce by 6% impacting about 200 employees

— StockMKTNewz - Evan (@StockMKTNewz)
11:20 AM • Mar 30, 2023

Electronic Arts $EA just announced its reducing the size of its workforce by 6%

— StockMKTNewz - Evan (@StockMKTNewz)
8:10 PM • Mar 29, 2023

Google $GOOGL announced earlier today a partnership to combine its artificial intelligence language models with software from startup "Replit" that helps computer programmers write code, in a bid to compete with similar products from Microsoft’s $MSFT GitHub & OpenAI - Bloomberg

— StockMKTNewz - Evan (@StockMKTNewz)
11:38 PM • Mar 28, 2023

CALIFORNIA TO REQUIRE 50% OF ALL HEAVY TRUCKS SOLD BY 2035 TO BE ELECTRIC - NYT

— StockMKTNewz - Evan (@StockMKTNewz)
3:06 PM • Mar 31, 2023

Domino’s Pizza's $DPZ franchise in Italy has entered into liquidation - Bloomberg

— StockMKTNewz - Evan (@StockMKTNewz)
12:07 AM • Mar 27, 2023

FERRARI CEO: SELF DRIVING CAR IS NOT FOR FERRARI $RACE

— StockMKTNewz - Evan (@StockMKTNewz)
12:40 PM • Mar 27, 2023

Alibaba $BABA founder Jack Ma returns to China after a year of uncertainty - Tech Crunch

— StockMKTNewz - Evan (@StockMKTNewz)
11:13 AM • Mar 27, 2023

JUST IN

Disney $DIS CEO Bob Iger sent this email to Disney employees today letting them know the company has begun its round of 7000 layoffs announced in February

— StockMKTNewz - Evan (@StockMKTNewz)
4:10 PM • Mar 27, 2023

JUST IN: Coca-Cola $KO and Jack Daniel's $BF.A announced its new Jack Daniel's & Coca-Cola ready-to-drink pre-mixed cocktail is now available in the US http

— StockMKTNewz - Evan (@StockMKTNewz)
2:04 PM • Mar 30, 2023