What does it take to get to the Super Bowl? Either years of practice (if you're a player) or, if you want to watch the game live, the average ticket price is going to cost you a few months' rent. Of course, how many months' rent varies widely by location. For example, it would cost a New Yorker less than two months' rent, versus over a year of rent for residents of Enterprise, Nevada. To put the financial impact of the average person getting a Super Bowl ticket into perspective, check out the Super Bowl Ticket Burden Index to see how much rent it would cost you to afford a ticket. 🏈 For more coverage of the Super Bowl and other sports, subscribe to Scoreboard. The S&P 500, Nasdaq 100, and Russell 2000 all sank on Thursday. The benchmark index is now officially negative for the year and the VIX, Wall Street's fear gauge, climbed above 20. Every sector fell except for defensive sectors utilities and consumer staples. Bitcoin set new cycle lows, and altcoins revisited levels not seen in several years. 🧠 Test yourself on recent Snacks stories with our Snacks Seven Quiz. Here's the first question: |
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Something has shifted around the AI trade. Can you feel it? All the bullish oxygen is being sucked out of the room and squarely into the memory chip shortage, which is offering bumper profits for a handful of firms. On a related note, semicap equipment stocks have been an upstream beneficiary of this dynamic. The underlying message is that near-term scarcity is being rewarded by the market. |
And this isn't really a 2026 dynamic, strictly speaking, but the two biggest chip companies have been dead money for months. Since the end of Q3, Nvidia and Broadcom are both negative, with the S&P 500 up about 2% over this span. |
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Perhaps the biggest driver of these trends is that in some of these zero-sum shifts in value, the companies that are benefiting? They ain't public. SpaceX/xAI, OpenAI, and Anthropic? The facilitators of disruption, in many cases, have not yet arrived on public markets but plan to do so this year. So if the AI theme has seemed a little "negative sum" in this year, that might be about the room that investment firms know they're going to need in their portfolios to add these stocks once they're able to (or, in some cases, ahead of time). |
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The smart money sees deeper. While most traders react to price movements, savvy investors position themselves ahead of the curve by understanding what's building beneath the surface. Nasdaq TotalView reveals the complete open order book—every bid, every ask, at every price level—so you can spot momentum shifts before they happen. Professional traders have always used depth-of-book data to read market sentiment and time their entries. This professional-grade view is available through many brokerages (like Robinhood Financial, if you are a Robinhood Gold member). Discover institutional-grade market depth with Nasdaq TotalView. |
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- Sales grew 14% to $213.4 billion, ahead of analysts' expectations of $211.43 billion.
- Amazon's AWS cloud business saw revenue jump 24% year on year to $35.6 billion, powered by huge demand for AI. Wall Street was expecting $34.9 billion.
- The guidance is rough: the tech giant also forecast first-quarter operating income of $16.5 billion to $21.5 billion, well below the Street's consensus estimate of $22.18 billion.
- The company's capital expenditure — a number that's been watched closely in recent quarters as tech giants spend vast sums of money to build the infrastructure to power AI — totaled $39.5 billion, topping analysts' forecasts of $34.37 billion.
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Like many tech companies, Amazon has a lot going on. The Trainium and Gravitron custom AI chips have a combined annual revenue of over $10 billion, it posted physical-store sales of $5.85 billion, advertising revenue was $21.37 billion, up 23% year on year, and subscription revenue (Amazon Prime, audiobooks, etc.) was up 14% year on year, at $13.1 billion for the quarter. But again: $200 billion. That's the kind of number a supervillain asks for when he's captured James Bond. It's more money than what's in Russia's sovereign wealth funds. They're going to need to spend it at an average of ~$550 million per day. Hope it's worth it! |
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In this exclusive interview, e.l.f. Beauty CFO Mandy Fields discusses last year's balmy, billion-dollar rhode acquisition, the company's marketing engine and high-profile collabs, and its three key areas of growth for the future. |
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- 🏆 Super Bowl: The Seattle Seahawks are solid favorites going into the Super Bowl, with a 68% chance* of winning compared to a 32% chance for the AFC's New England Patriots.
- 🎵 Halftime Show: Bad Bunny's halftime show promises to be good just days after the artist racked up the wins at the Grammy Awards. Markets think there's a 55% chance he opens with the hit "Tití Me Preguntó."
- 🏈 Game Time: Markets are pricing in a 42% chance of at least six touchdowns, a 9% chance of overtime, a 24% chance of a close game decided by 3 or fewer points, a 26% chance of a touchdown in the first five minutes, and an 18% chance of a comeback win by 10 or more points.
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*Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC. |
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- Earnings expected from Canopy Growth, Centene, Philip Morris, Biogen, Cboe, Under Armour, and Toyota
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Advertiser's disclosures: Nasdaq® is a registered trademark of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security, digital asset or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or digital asset or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED. |
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