Tiny people searching for business opportunities
TradeUP Thursday
Feb 1, 2024
  Visit us  
• What was discussed in the Fed recap?
• What do Qualcomm's earnings suggest?
• How did CEOs respond in the Senate hearing on child exploitation? 
Dow Jones S&P 500 Nasdaq
38,203.19 (+0.14%) 4,868.92 (+0.48%) 15,281.27 (+0.77%)
Opening price as of 02/01/2024 compared to last close
Federal Reserve Recap: Powell Rejects March Rate Cut
The Federal Reserve maintained steady interest rates for the fourth consecutive time, signaling a cautious stance despite the alleviation of inflationary pressures. Chair Jerome Powell's suggestion that rate cuts in March were improbable led to a market downturn. The Fed carefully balances the risks associated with slowing inflation against the economic consequences of previous rate hikes. Lingering uncertainties, particularly in the labor market, persist. Powell indicated the potential for earlier rate cuts in response to unforeseen weaknesses. The Fed reiterated its commitment to stabilizing prices and maximizing employment. Read more

Qualcomm Beats Q1 Earnings Expectations, Shows Growth Across Diverse Segments
Qualcomm reported Q1 earnings that surpassed Wall Street expectations, with revenue reaching $9.92 billion and adjusted earnings per share at $2.75, outperforming estimates of $9.54 billion and $2.36, respectively. Additionally, the company provided a Q2 forecast, projecting revenue between $8.9 billion and $9.7 billion, and earnings per share ranging from $2.20 to $2.40. Qualcomm's strategic diversification efforts beyond smartphone chips yielded positive results, with handset revenue increasing by 16% and the automotive segment experiencing a 31% growth. However, revenue from the internet of things sector declined by 32%. The stock witnessed initial after-hours gains as investors responded positively to the earnings report. Read more

CEOs from Meta, TikTok, and Other Platforms Testify in Senate Hearing on Child Exploitation
Top executives of major social media platforms testified before the Senate Judiciary Committee, addressing concerns about child safety. During the hearing, parents of victims held up photos, emphasizing the platforms' responsibility for online dangers. Mark Zuckerberg acknowledged shortcomings and committed to enhancing safety measures. Lawmakers and parents expressed escalating concerns regarding the impact of social media on youth. Read more

Worried about job cuts heading into 2024? Here's how to prepare for layoff season

“Just thinking more creatively, a little bit outside of the industry box, and lean into all those really valuable skills that you have to look for your next opportunity, because as we know, there's still a very, very high number of job openings within the U.S. economy. I think they're still going very strong in that sense.”

—Rachel Sederberg, senior economist at labor markets analytics firm Lightcast
Read the Full Article


Long-Short Equity

When an investor (usually a hedge fund) takes long positions in stocks they expect will rise and short positions in stocks they expect will drop. At their most basic levels, a long position involves owning a stock whereas a short position involves borrowing a stock.

It’s Time to Vote!
Share your thoughts with us on social media! Facebook icon Instagram icon Twitter icon
This week's topic is: Do you think AI is the reason for the recent tech layoffs?
Refer Your Friends
Refer a friend & get
Welcome Prizes
Open & fund your account to get free gifts
Enjoy the app? Tell us what you think!
Facebook icon Instagram icon
TradeUP Securities, Inc. is a member of FINRA/SIPC and regulated by the US Securities and Exchange Commission. Registered office: 437 Madison Ave 27th Floor New York, NY, 10022. For further information about TradeUP Securities, Inc., see FINRA BrokerCheck. For further information about SIPC insurance coverage for accounts at TradeUP Securities, Inc., see www.sipc.org or request an explanatory brochure from TradeUP Securities, Inc..

All investments involve risk, including possible loss of principal. Past performance of a security, market, or financial product does not guarantee future results. Electronic trading poses unique risk to investors. System response and access times may vary due to market conditions, system performance, and other factors. Market volatility, volume, and system availability may delay account access and trade executions.

No content on the website shall be considered a recommendation or solicitation for the purchase or sale of securities, futures or other investment products. All information and data on the website are for reference only and no historical data shall be considered as the basis for judging future trends.

Please read through our Terms and Conditions before investing.

If you no longer wish to receive notifications like this, you can unsubscribe any time.