💡 If you want these updates delivered to your inbox every Friday, sign up here
Apple falls 3% as iPhone 15 sales lag📱
Barclays’ bearish view: Barclays downgraded Apple and trimmed its price target, saying weakening iPhone 15 sales were a warning sign for iPhone 16 sales for this year.
China’s ban: It’s been reported the Chinese government is banning state employees from using iPhones. Instead, the country wants to push smartphones made locally, such as Huawei and Xiaomi.
*Ratings are provided by analysts at Zacks, a leading investment research firm
Tesla slips 3% as it loses delivery top spot to BYD 🏎️
Finishing 2nd: Tesla delivered 485,000 global EVs in Q4 of 2023. But China’s BYD took home gold as it recorded an impressive 536,000 deliveries, 10.5% more.
Life in the fast lane: So, how’s BYD done it? Popularity has soared in China, thanks to its low prices. A BYD Seagull model costs around $11K, whilst Tesla’s most affordable Model 3 starts at close to $40K.
Best in the West: Still, Tesla hit its own targets, plus Wall Street’s expectations. Fellow US rival Rivian woke up with a much worse New Year’s hangover, amid disappointing deliveries.
*Ratings are provided by analysts at Zacks, a leading investment research firm
Meta dips 4% following stock sell-off 💰
A quick buck for Zuck: In the final two months of 2023, Zuckerberg sold $428 million worth of Meta shares.
Best of the rest: Meta was the S&P 500’s 2nd best performing stock in 2023, rising 194%. In November 2022, share price was almost three times lower, so it seems Zuck wanted to cash in.
Silent treatment: Meta hasn’t commented on the reason for the sell-off, but it’s left investors speculating whether Zuckerberg believes the stock has reached its high point.
*Ratings are provided by analysts at Zacks, a leading investment research firm
What have we learned this week? 🤓
China’s phone ban could reach private companies: Some believe private businesses in China will also ban employees from using iPhones.
Tesla’s no longer top dog: Thanks to its gigafactories, Tesla has been no.1 when it comes to global deliveries. But for now, BYD has overtaken Elon’s empire.
Investors don’t like stock sell-offs: It raises questions about a company’s belief in its own stock, which can harm investor confidence.
Stock announcements 👀
Netflix: Customers are cancelling subscriptions at record rates due to streaming service price hikes.
JPMorgan & Chase: Next Friday, the world’s largest bank reports quarterly earnings. Shares climbed an impressive 25% in 2023.
BlackRock: The investment firm had an impressive 2023, climbing 13%. But how will shares fare during its earnings call next Friday?
Thanks for tucking in! Want to receive these updates every Friday? Sign up here or share via WhatsApp with your friends.
*Figures and ratings correct as of January 4th 2024.
Past performance does not guarantee future results. Capital at risk when investing. This content is for educational purposes only. Shares does not provide investment advice. If you are unsure about anything, please seek advice from an authorised financial advisor.
