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Rippers Weekly Recap 9/9

Rippers Weekly Recap 9/9

StockMKTNewz Evan
September 09, 2023

Hey everyone, it’s @StockMKTNewz Evan!

I spend 70 hours every week looking for news so you don't have to. That causes me to tweet a lot which can be hard to keep up with. Having somewhere to put all the major stories in 1 easy to view place is really valuable, and that's why I make this newsletter!

How The Stock Market Performed This Past Week

All images in this section are sourced from finviz.com

Heat Map of the S&P 500

How The Largest Stocks Performed

Worst Performing Large Cap Stocks

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Jim Cramer came screeching back to Earth in August. And the numbers don’t lie:

📊 Inverse Cramer ETF (SJIM): +12.14% for August

📊 Compare that to the S&P 500 (-1.59%) and NASDAQ 100 (-1.50%).

Turn Jim Cramer's turbulence into your triumph with SJIM and our Cramer Tracker newsletter for expert insights.

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The Inverse Cramer Tracker ETF (the “Fund”) seeks to provide investments results that are approximately the opposite of, before fees and expenses, the results of the investments recommended by television personality Jim Cramer.

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DISCLOSURE: Investors should carefully consider the investment objectives, risks, charges and expenses of the ETFs identified on this site. This and other important information about the Fund are contained in the prospectus, which can be obtained on this site or by calling 888-723-2821. The prospectus should be read carefully before investing. Investing in securities involves risk, including the potential loss of principal.

This Week's Major Headlines

China's restrictions on the use of Apple $AAPL iPhones by central government employees are expanding to local governments and state-owned companies, NikkeiAsia has learned.
An employee at a state-owned company in Beijing said the ban will apply to company departments involved in… twitter.com/i/web/status/1…
— Evan (@StockMKTNewz)
9:10 AM • Sep 8, 2023

Taiwan Semiconductor $TSM just reported August revenue of ~$5.9 Billion up 6.2% MoM but down 13.5% YoY twitter.com/i/web/status/1…
— Evan (@StockMKTNewz)
10:48 AM • Sep 8, 2023

Nvidia $NVDA just announced a new partnership with Tata Group to deliver
AI computing infrastructure and platforms bringing AI capabilities to thousands of organizations, businesses and AI researchers, and hundreds of startups in India 🇮🇳
— Evan (@StockMKTNewz)
2:28 PM • Sep 8, 2023

Tesla $TSLA just announced plans to install 20,000 EV charging stations across 2,000 Hilton $HLT properties in the US 🇺🇸, Mexico 🇲🇽 and Canada 🇨🇦 beginning next year - CNBC
— Evan (@StockMKTNewz)
12:20 PM • Sep 7, 2023

JUST IN: $UBER is working on a TaskRabbit/Angi's list-like service that will let app users hire people to conduct various tasks in an expansion beyond driving and deliveries - Bloomberg
— Evan (@StockMKTNewz)
8:31 PM • Sep 8, 2023

Morgan Stanley $MS just announced after testing with 1,000 financial advisers for some months, the bank will roll out a Generative AI bot developed with OpenAI $MSFT later this month - Reuters
— Evan (@StockMKTNewz)
1:18 PM • Sep 7, 2023

JUST IN: $UPS just announced it will be raising its rates by an average of 5.9% matching FedEx $FDX twitter.com/i/web/status/1…
— Evan (@StockMKTNewz)
1:35 PM • Sep 8, 2023

Microsoft $MSFT just announced it's teaming up with the company Paige to build the world’s largest image-based AI model for identifying cancer - CNBC
— Evan (@StockMKTNewz)
2:21 PM • Sep 7, 2023

Arm Holdings $ARM said on its investor roadshow that it expects revenue growth of 11% in its current fiscal year and an increase in the mid-20% range in fiscal 2025, boosted by demand for chips to power data centers and AI - Bloomberg
— Evan (@StockMKTNewz)
10:34 PM • Sep 7, 2023

Nvidia CEO Jensen Huang yesterday was awarded 89.1K shares of Nvidia $NVDA stock at a cost of $4 per share for a total cost of $356.3K
He sold the shares for a total of $42.83 Million giving him a profit of $42.47M
— Evan (@StockMKTNewz)
7:43 PM • Sep 7, 2023

Cathie Wood and Ark Invest along with 21Shares just filed for a spot Ethereum $ETH ETF in the US
— Evan (@StockMKTNewz)
6:03 PM • Sep 6, 2023

Google $GOOGL CEO Sundar Pichai said
"Over time, AI will be the biggest technological shift we see in our lifetimes. It’s bigger than the shift from desktop computing to mobile, and it may be bigger than the internet itself. It’s a fundamental rewiring of technology and an… twitter.com/i/web/status/1…
— Evan (@StockMKTNewz)
2:57 PM • Sep 6, 2023

Apple $AAPL has acquired BIS Records, a 50-year-old Swedish record label with a focus on classical music - CNBC
— Evan (@StockMKTNewz)
10:28 PM • Sep 5, 2023

Google $GOOGL owned YouTube is testing playable games with select users, the first new Google gaming initiative since the now-defunct Stadia - The Verge
— Evan (@StockMKTNewz)
1:32 PM • Sep 6, 2023

Apple's $AAPL saw more than 110,000 new US sign-ups on July 21st during Lionel Messi's first game for Inter Miami according to Antenna - WSJ
— Evan (@StockMKTNewz)
11:08 AM • Sep 5, 2023

BMW to use Amazon $AMZN cloud technology to build its autonomous driving features for new EVs - CNBC
— Evan (@StockMKTNewz)
2:56 PM • Sep 5, 2023

Goldman Sachs just lowered its forecast of the probability of a US 🇺🇸 recession in the next 12 months to 15% down from 20%
— Evan (@StockMKTNewz)
8:52 AM • Sep 5, 2023

Eli Lilly's $LLY diabetes drug Mounjaro has gained the backing of the UK's 🇬🇧 National Institute for Health and Care Excellence which said it would be a good option for patients with poorly controlled type 2 diabetes - Reuters
— Evan (@StockMKTNewz)
11:21 AM • Sep 8, 2023

The SEC is investigating billionaire Ryan Cohen’s ownership and surprise sale of Bed Bath & Beyond $BBBY - WSJ
— Evan (@StockMKTNewz)
10:04 PM • Sep 7, 2023

Facebook's $META return-to-office mandate went into effect today requiring employees to work from the company’s physical locations at least 3 days a week - CNBC
— Evan (@StockMKTNewz)
4:41 PM • Sep 5, 2023