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
Chart of the Day
