📈 5 Things You Need to Know to Start Your Week

13th of May, 2024

Five Things to Start Your Week

Good morning. Our Alpha Portfolio continues with a solid +5.23% YTD. Leading the gains is Turning Point Brands Inc. at +30.8%. On the other hand, 3i Group has experienced a dip, currently at -9.9%.

Market Snapshot

Last week saw the S&P 500 nearing its late-March peak, with a rise of +1.9%, supported by robust performances in the utilities, banks, and materials sectors. The Nasdaq also saw an increase, albeit more modest at +0.82%.

With key data released, market sentiment is cautiously optimistic, anticipating a potential Fed rate cut by November this year.

BS Tech Jobs

Half the white-collar staff at Google probably does no real work.

Andreessen Horowitz

A leading venture capital investor in Silicon Valley David Ulevitch reckons that many could “probably be let go tomorrow” and the company wouldn’t notice.

Mr Ulevitch thinks the problem of “fake work” is widespread, and believes his comments were “one of the least controversial things I’ve ever said”.

  • Our insight: Rather than worrying about job security or AI disruption, focus on honing specialised skills (pick one or two) that can safeguard your career during economic shifts. In uncertain times, being indispensable is your best job security.

This Week’s Alpha Picks - Freeview

Spotlight on newcomers: Heidelberg Materials (HEY) and CropEnergies (CE2) both enter our list with a strong 'Buy' rating, signalling promising prospects based on their recent market performances and robust financial fundamentals.

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Tech Wars

TikTok challenges a US ban threatening its operations, arguing the impossibility of spinning off from ByteDance by the deadline.

Meanwhile, US tech firms Intel and Qualcomm face new restrictions on their chip exports to Huawei, a Chinese maker of network equipment.

Newsworthy

This is what’s caught our eye over the past week.

  • Russia ramps up sabotage across Europe

  • TikTok is the new LinkedIn? More professionals flock to TikTok for career and business connections.

  • Recent Houthi activities threaten to reduce shipping capacity by 20%.

  • Apple unveils new iPads equipped with next-gen M4 chips, setting a new standard for mobile computing.

  • Netanyahu may be losing the plot.

And finally, here's what Ali’s interested in trading this week

The following companies are on our watchlist for trade opportunities.

  • BROS

  • CRUS

  • TOST

  • DOCN

  • UPST

Ali is the Founder & Editor of The Insider Memo, Follow him on X @ASAInsights

Like Insider Memo’s Alpha Picks? In just 5 minutes a week, boost your portfolio by 29.3% annually (59% in 2023 alone). Subscribe now for unlimited access to expert, data-driven stock picks delivered straight to your inbox—because smart investing doesn't need to be time-consuming.

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