Key Takeaways The Week of "Mag 7" Reporting Earnings Starts This WeekDurable Goods Orders Improve Over ExpectationsMonday, January 26th, 2026We kick off a new week of trading with a week of marquee earnings reports from several members of the “Magnificent 7,” including Apple (AAPL) , Microsoft (MSFT) , Meta Platforms (META) and Tesla (TSLA) , among many others. We also have a new Fed meeting starting tomorrow and delivering an update of monetary policy Wednesday afternoon, which is almost certainly going to ...

Good morning and welcome to opening bid. I'm Broo Bama who's commuted in from a very snowy Hoboken this morning in for Brian Sazy this morning who's likely using a robot to shovel his driveway out in Long Island this morning due to a winter storm that has left over 90 million Americans under warnings for extreme cold from the National Weather Service. We hope you're all safe out there and thank you for tuning in.For now, the deep freeze extends to markets which are a little change this morning, moving sligh ...

Tesla stock (NASDAQ: TSLA) eased lower on Monday as investors braced for a makeorbreak earnings week that will test whether Elon Musk's big autonomy promises really deliver. ...

Call it the grand rotation. After several years of tech giants getting bigger and bigger market caps and dominating the makeup of the S&P 500 (^GSPC) like never before, a different dynamic has emerged in 2026. The weight of the top 10 stocks in the S&P 500 has recently seen some "major deterioration" relative to the rest of the stock market, RBC Capital Markets strategist Lori Calvasina pointed out. The top 10 stocks in the S&P 500 by weight are Nvidia (NVDA), Apple (AAPL), Microsoft (MSFT), Amazon (AMZ ...

The Magnificent Seven, as a whole, may still be great long-term bets, especially now that most of their members have fallen under enough pressure to see their valuation metrics compress. That said, the Mag Seven seem to be breaking apart, with three members in Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Meta Platforms (NASDAQ:META) sinking, while two have gone flat Nvidia (NASDAQ:NVDA) and Amazon (NASDAQ:AMZN), leaving Tesla (NASDAQ:TSLA) and Alphabet (NASDAQ:GOOGL) as the Mag Seven members that have ...

This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. Equity Thematic Strategy Tariffs, Affordability and the Low-End Consumer With incremental news of trade de-escalation around Greenland, investor focus on tariffs will likely revert to the pending decision by th ...

Welcome to Morning Brief. I'm Julie Hyman. Actually snowed in in New Jersey along with millions of people across the country.We will be tracking the brutal winter storm that has affected 17 states in the United States and left millions of people uh without power. But let's get to the three things that you need to know today besides the storm. We're watching markets as it's a big week here.A lot going on this week. Ahead of that, futures aren't much changed, but we will of course be watching what's going on ...

Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...

而究其金融创新本质，车企集体加码长期低息政策，是对当前市场低迷态势的主动应对。乘联分会秘书 长崔东树日前表示，新能源车辆购置税免税政策年末到期本应催生抢购潮，但全国多数省市以旧换新补 贴资金池告罄，形成政策优惠的对冲效应；加之多地置换更新补贴政策密集调整，进一步强化了消费者 的观望情绪，使得2025年12月车市未能呈现传统"翘尾效应"。 乘联分会数据显示，2025年12月全国乘用车零售226.1万辆，同比下降14.0%。而2026年开年市场依旧疲 软，1月1至18日零售量仅67.9万辆，同比降幅扩大至28%，较上月同期下降37%。其中新能源车市场同 样承压，同期零售31.2万辆，同比下降16%，较上月同期大幅下滑52%。 不过，这一促销模式背后也暗藏多重行业隐忧。有车企人士指出，长期低息本质是车企通过贴息让利， 以25万级车型为例，七年低息政策的累计贴息成本可能达到3至6万元，对于利润微薄的中小车企而言， 相当于吞噬10%至15%的单车利润，且长期贷款模式会占用企业大量现金流，仅具备规模效应与直营体 系的头部品牌能够有效摊薄成本。而从市场影响来看，超长期分期可能透支未来消费需求，导致后续市 场出现阶段性回落， ...

Investment Rating - The report maintains a "Recommendation" rating for the automotive industry, indicating a positive outlook for the sector's fundamentals and an expectation that the industry index will outperform the benchmark index [8]. Core Insights - The transition to a subscription model for Tesla's Full Self-Driving (FSD) is seen as a significant shift, with the potential for increased penetration rates and confidence in the business model [2][4]. - The introduction of real-time mileage insurance discounts by Lemonade for FSD users highlights the recognized safety benefits of FSD compared to human drivers, which could further enhance the commercial viability of the FSD subscription model [3][4]. - The testing of Robotaxi without safety drivers in Austin marks a pivotal moment for the industry, with expectations for increased deployment throughout the year [5][6]. - The potential approval of FSD in Europe and China is viewed optimistically, with implications for broader market acceptance and growth in 2026 [7][12]. Summary by Sections Event 1: FSD Subscription Model - Tesla has shifted to a subscription-only model for FSD, with a current penetration rate of approximately 22% in the U.S. This is expected to rise significantly following the cancellation of the buyout option and the end of free trials [2]. - The anticipated price increase for FSD subscriptions reflects a shift in strategy, moving away from price reductions to enhance penetration [2]. Event 2: Insurance Model - Lemonade's new car insurance policy offers a 50% discount on premiums when FSD is activated, indicating a recognition of FSD's safety advantages [3][4]. - The average accident rate for FSD is reported to be significantly lower than the national average, further supporting the case for its adoption [4]. Event 3: Robotaxi Testing - The initial testing of Robotaxi without safety drivers is underway, although most vehicles still have safety drivers. This is seen as a starting point for future developments in autonomous driving [5][6]. Event 4: Regulatory Approvals - Optimism surrounds the potential approval of FSD in Europe, with a possibility of broader EU acceptance based on mutual recognition mechanisms [7][12]. - Caution is advised regarding the timeline for FSD approval in China, with the market currently showing limited sensitivity to this development [12].