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Good morning! Here is the latest in trending:
Sailing away: Bitcoin vault Strategy (MSTR) reveals $17.4B unrealized loss in the fourth quarter.
Stock moves: A Santa Claus Rally comes for the Dow Jones Industrial Average (DJI) in the nick of time.
Going in reverse: Atlanta Fed revises GDP growth estimate lower amid worsening manufacturing outlook.
What happens in Vegas stays in Vegas, except at CES… hopefully. The world’s biggest tech expo, known as the Consumer Electronics Show, is kicking into high gear with more than 130,000 people in attendance. Over 4,000 exhibitors are optimistic that the technology displayed at the event will spread into the broader market, and with many on the hunt for innovations of the future, there’s a good chance that it will.
Snapshot: AI is everywhere, ranging from Nvidia’s (NVDA) Alpamayo, the world’s first “thinking” model for autonomous driving, to Caterpillar’s (CAT) evolution “from dirt to data,” with a focus on autonomous machines and industrial AI. Don’t forget AMD’s (AMD) Zen 5–powered Ryzen AI Embedded processors and Intel’s (INTC) next-gen Core Ultra Series 3. Meanwhile, Samsung’s (SSNLF) Galaxy Z TriFold got a close-up in a new video, transforming from smartphone to tablet in seconds for multitasking or even as a mini workstation.
There were also plenty of robots and humanoids to go around. Grabbing the spotlight was LG’s CLOiD, which can fold laundry and unload dishwashers, as well as the new Atlas humanoid by Boston Dynamics, which can lift up to 110 lbs and will be deployed at parent Hyundai’s car factories from 2028. Other interesting developments included Lego’s Smart Bricks, which will contain chips and react to movement and sound, and surprising gadgets like the Allergen Alert Mini Lab that can quickly test food for gluten and allergens.
More companies with a presence at the show: Abbott (ABT), Amazon (AMZN), Deere (DE), Dell (DELL), Garmin (GRMN), Panasonic (PCRFF), Qualcomm (QCOM), Siemens (SIEGY) and Sony (SONY). The U.S. consumer technology industry is expected to grow 3.7% Y/Y to reach $565B in revenue in 2026, according to the Consumer Technology Association.
Here’s the latest Seeking Alpha analysis
The Only Income Strategy I’d Trust With My Retirement Right Now
My Most Important Dividend Growth Picks For The Market’s Next Phase
Rocket Lab: The Market Is Saying This Is An Outlier Amongst Outliers
Palantir: Entering Second Half 2020s As Our Top Tech Pick
Buying SCHD Is An Awful Way To Start The New Year
What else is happening…
WSB survey results: Not everything rosy with the latest crude hype.
Energy Secretary Wright to discuss Venezuela with oil execs this week.
Higher tariffs could reduce inflation, according to San Fran Fed research.
Versant (VSNT) slides on its first day of trading while Comcast gains.
AT&T (T) is moving its headquarters from Dallas to Texas suburb.
Stellantis’ (STLA) Jeep posts first annual sales gain since 2018.
CDC updates childhood vaccine schedule to recommend fewer shots.
Zillow (Z) CEO expects another slow year for U.S. housing market.
Hawaiian Airlines announces sweeping investment plan to modernize.
House vote on Obamacare subsidies, federal spending likely this week.
Today’s Markets
In Asia, Japan +1.3%. Hong Kong +1.4%. China +1.5%. India -0.4%.
In Europe, at midday, London +0.7%. Paris -0.4%. Frankfurt +0.2%.
Futures at 6:30, Dow -0.2%. S&P flat. Nasdaq +0.1%. Crude +0.3% to $58.51. Gold +0.3% to $4,462.50. Bitcoin +0.9% to $93,739.
Ten-year Treasury Yield +1 bp to 4.18%.
On The Calendar
Companies reporting today include AAR Corp. (AIR).
See the full earnings calendar on Seeking Alpha, as well as today’s economic calendar.
