Markets closed lower yesterday as CPI numbers show prices are still rising. January retail prices jumped 3% compared to an anticipated increase of 1.9%. Futures are slightly down, and Bitcoin (BTC) is sitting at $22.8k.
Air India is purchasing 470 airplanes from Boeing (BA) and Airbus (EADSY), which is a great sign that the sentiment is a continuation of the strength of the travel industry.
Berkshire Hathaway (BRK.B) add to its stake in Paramount Global (PARA).
Tesla (TSLA) opens up its charging networks to other EVs in a rare deal with the White House. Tesla will convert 7500 chargers into being compatible with other brands by the end of the year.
Stocks to Watch
Airbnb (ABNB) reports for quarterly profit and receives much-needed analyst love with a slew of price target increases. Travel is hot and Airbnb is supremely positioned to benefit from the trend.
Salesforce (CRM) has a target raised from Barclays and Evercore. With 5 activist investors on the board, changes are likely just around the corner.
Global Foundries (GFS) receives multiple raises as semis seem to be over the worst for the industry iShares Semi ETF (SOXX) is up around 25% for the year.
Happy Investing,
The Punkrock Capitalist
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