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Weekly Big Updates On Markets & Trending Insights #5 By OPM Capital
Gooood Morning. Its Felix from OPM Capital, where we knit the complex threads of trending business & market events into a comfy sweater of understanding.
Felix He
February 09, 2024
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Weekly Big Updates On Markets & Trending Insights #5 By OPM Capital
Feb 9th, 2024
Gooood Morning. Its Felix from OPM Capital, your weekly roundup of the most important financial news.
It’s Friday and this is our 5th Weekly Update article! Every day I read, research, and rummage through the economic landscape... so you don't have to.
Market Update End of Week:
In today’s email:
3 Critical Events to Watch as they influence the markets
Judge voids Elon Musk's 'unfathomable' $56 billion Tesla pay package
Top Stories Snippets
Personal Finance Tips
OPM’s Portfolio Update
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Quote of the day:
Seeking happiness from the past or the future takes away from us enjoying the present and finding happiness in the here and now
3 Critical Events To Watch As They Influence Markets
1 - Adam Neumann is trying to buy back now-bankrupt Wework
Adam Neumann pitching WeWork back to investors
- Be like Adam Neumann - Found WeWork - Build to $47 billion valuation - Don't wear shoes - Get kicked out as CEO - Get $445 million golden parachute - Start new company - Raise $350 million from a16z - Try to buy back WeWork after it goes bankrupt - Be like Adam Neumann | Neumann’s return has raised thorny questions for creditors — including his one-time champion, the Japanese investor SoftBank and its chief executive Masayoshi Son. It could also complicate a bankruptcy process that is draining WeWork’s cash reserves as it racks up legal bills, advisory fees and unpaid rent obligations to landlords. |
2 - Nancy Pelosi making BANK off Nvidia stock
Nvidia shares traded between $476.90 and $503.35 on the day of purchase. Based on today's price, the Nvidia stake is now worth more than $3 million and has made a profit of over $1 million for Pelosi and her husband, venture capitalist Paul Pelosi. Those call options hit BABY!!!
3 - Regional banks are back in the hot seat 😰
In the past, banks were simple, with free pens and minor risks. But now, concerns about a new banking crisis are rising, sparked by challenges such as rising interest rates and liquidity issues.
Silicon Valley Bank, Signature Bank, and others are struggling due to losses on long-dated bonds and declining deposits from unprofitable startups.
Currently, attention is on the struggling $20 trillion commercial real estate market, facing declining property values and looming debt maturities.
Regional banks, holding 80% of risky commercial real estate loans, face significant exposure.
New York Community Bancorp (NYCB) recently reported a staggering $252 million loss in Q4, driven by soaring loan losses in commercial real estate. This has triggered broader fears in the U.S. Regional Bank index, which dropped approximately 8%.
Elon Musk vs. Delaware
Judge voids Elon Musk's 'unfathomable' $56 billion Tesla pay package
Delaware judge agrees with investor claim pay plan was flawed
Largest-ever compensation package struck down in ruling
Upon losing his $55B+ Tesla compensation package, CEO Elon Musk warned X users against incorporating their companies in Delaware, instead recommending Nevada or Texas “if you prefer shareholders to decide matters.”
The backstory
In 2018, an already-wealthy Musk agreed to work 10 years without pay, in exchange for stock options worth $55.8B if Tesla achieved a $650B valuation. The pay was meted out along 12 milestones, which Musk satisfied in 2023.
While Tesla argued that the payout was needed to ensure Musk’s ultimately beneficial focus remained on the company, shareholders sued over the plan, alleging:
It was too big.
Musk was too cozy with the board members who agreed to the plan, his brother among them.
They didn’t receive enough info before approving it.
A Delaware judge agreed and recalled Musk’s compensation package. Now, Tesla must devise a new pay structure or appeal.
Top Stories Snippets of the Week:
“Palworld,” AKA “Pokemon with guns,” has already sold 7m games on Xbox and 12m on Steam since its Jan. 19 release, making it the biggest third-party launch on Microsoft’s Xbox Game Pass.
Amer Sports raised $1.37B with its IPO this week, the market’s biggest debut since Birkenstock went public last October. Not familiar with Amer’s game? It makes Wilson tennis rackets and Salomon ski boots.
Lululemon is launching a men’s footwear line in an attempt to double its men’s business and hit $12.5B in revenue by 2026. Two running shoes and a casual sneaker will debut in men and women’s styles this month.
Hulu, Disney+, and ESPN+ are joining the crackdown on password sharing; Hulu may even ban accounts that share outside their households.
Weekly Money Updates:
OPM Portfolio Update & Sentiment:
PayPal Stock Drops After Earnings Beat Estimates, Guidance Disappoints
My conviction still holds at the moment. However price target dropped from $82 down to $73
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