🎙️ Comeback Kid

[5 minutes to read] Plus: The case for owning U.S. stocks

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Matthew Gutierrez & Shawn O'Malley
February 02, 2024

Written by Matthew Gutierrez and Shawn O’Malley

A tale of two vehicles: the car and the bicycle. One is zooming. The other is stuck in neutral.

🏎️ Ferrari, the luxury sports car manufacturer, posted record profits in 2023. Over the past five years, its rising stock price (213%) resembles a big tech stock, not a car company.

🚲 Meanwhile, Peloton has cratered to a new all-time low, down about 97% from its December 2020 peak after posting more dismal guidance this week. It’s another reminder that a product beloved by millions of customers doesn’t necessarily translate well on the balance sheet.

— Matthew & Shawn

Here’s today’s rundown:

Today, we'll discuss the three biggest stories in markets:

  • What Meta, Amazon, and Apple earnings mean

  • The argument for betting on U.S. stocks

  • Why one American city hopes to lure migrants

All this, and more, in just 5 minutes to read.

POP QUIZ

On average, how many cars does Ferrari sell in a year? (Scroll to the bottom to find out)

Chart of the Day

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