Core Insights - The Q4 earnings season began positively with JPMorgan and Delta Air Lines reporting favorable results, although both stocks fell over 2% due to cautious economic outlooks [1][2] JPMorgan's Q4 Results - JPMorgan reported Q4 sales of $45.79 billion, a 7% increase from $42.76 billion in the previous year, surpassing expectations of $45.69 billion [4] - The bank's net income was $13 billion, with adjusted EPS of $5.23, exceeding Q4 earnings expectations of $4.87 per share by 7% and rising 9% from $4.81 a year ago [6] - A 17% increase in market revenue, driven by fixed income, currencies, commodities, and equities, was a key growth factor, while investment banking continued to struggle [4][6] - JPMorgan's full-year sales increased 3% to $185.6 billion, with full-year EPS rising 1% to $20.02 [10] Delta Air Lines' Q4 Results - Delta's Q4 sales rose 3% to $16 billion, exceeding estimates of $15.62 billion, despite a 2% revenue reduction due to the U.S. government shutdown [8] - The airline reported a net income of $1.22 billion, with adjusted EPS of $1.55, slightly above estimates of $1.53 but down from $1.85 in the previous year [9] - Delta's full-year sales reached a record $63.4 billion, with management highlighting strong free cash flow generation of $4.6 billion [11] Economic Insights - JPMorgan's CEO noted the resilience of the U.S. economy but warned of geopolitical tensions and potential inflation challenges [2] - Delta indicated a bifurcation in consumer spending, with high-income travelers maintaining strong spending while price-sensitive consumers show signs of fatigue [3] Future Guidance - JPMorgan expects FY26 net interest income to rise to $103 billion, with projected sales of $190.86 billion and EPS of $20.97 [10] - Delta anticipates FY26 EPS between $6.50 and $7.50, indicating over 20% growth, with Q1 EPS expected at $0.50-$0.90 [12] Valuation and Investment Considerations - Both JPMorgan and Delta are considered attractively valued, with JPM trading at 15X forward earnings and Delta at 9X [13] - Analysts may find it appealing to buy into these stocks post-earnings selloff, provided economic outlooks and EPS revisions remain stable [14]

Core Viewpoint - Gold prices have increased in early Asian trading, driven by ongoing geopolitical tensions that enhance the safe-haven appeal of the metal [1] Group 1 - The rise in gold prices is attributed to geopolitical tensions, which typically boost demand for safe-haven assets like gold [1]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in relation to investments in cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for investment actions [1]. - The accuracy and reliability of the information are not guaranteed, and users are cautioned against relying solely on the content provided [1]. Group 2 - The website discusses the complexities and high risks associated with cryptocurrencies and CFDs, highlighting the potential for significant financial loss [1]. - It encourages users to conduct their own research and fully understand the instruments and risks involved before making investment decisions [1].

Market Valuation Changes - The combined market valuation of seven of the top-10 most valued firms decreased by ₹3,63,412.18 crore last week, with Reliance Industries being the largest contributor to this decline [1] - The BSE benchmark index fell by 2,185.77 points, representing a decline of 2.54 percent [1] Company-Specific Valuation Changes - Reliance Industries' market valuation decreased by ₹1,58,532.91 crore, bringing its total to ₹19,96,445.69 crore [3] - HDFC Bank's valuation fell by ₹96,153.61 crore to ₹14,44,150.26 crore [3] - Bharti Airtel's market valuation dropped by ₹45,274.72 crore to ₹11,55,987.81 crore [3] - Bajaj Finance's valuation declined by ₹18,729.68 crore to ₹5,97,700.75 crore [3] - Larsen & Toubro's market capitalization decreased by ₹18,728.53 crore to ₹5,53,912.03 crore [3] - Tata Consultancy Services (TCS) saw a decline of ₹15,232.14 crore, bringing its valuation to ₹11,60,682.48 crore [3] - Infosys' market capitalization edged lower by ₹10,760.59 crore to ₹6,70,875 crore [4] Gainers in Market Valuation - ICICI Bank's market valuation increased by ₹34,901.81 crore to ₹10,03,674.95 crore [4] - Hindustan Unilever's valuation rose by ₹6,097.19 crore to ₹5,57,734.23 crore [4] - State Bank of India's market capitalization increased by ₹599.99 crore to ₹9,23,061.76 crore [4] Overall Market Sentiment - The Indian equity markets ended the week negatively, influenced by increased risk aversion due to renewed US tariff threats and rising geopolitical tensions [2]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in relation to investments in cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for investment actions [1]. - The accuracy and reliability of the information are not guaranteed, and users are cautioned against relying solely on the content provided [1]. Group 2 - The website discusses the complexities and high risks associated with cryptocurrencies and CFDs, highlighting the potential for significant financial loss [1]. - It encourages users to conduct their own research and fully understand the instruments and risks involved before making investment decisions [1].

Group 1 - The VanEck Oil Services ETF (OIH) has reached a 52-week high and is up 65.9% from its 52-week low price of $191.21 per share [1] - The underlying index, MVIS U.S. Listed Oil Services 25 Index, tracks U.S.-listed companies involved in oil services to the upstream oil sector, including oil equipment, services, and drilling [1] - The fund charges an annual fee of 35 basis points [1] Group 2 - The rally in oil prices this year is primarily due to U.S. intervention in Venezuela, creating uncertainty in future oil supply dynamics [2] - The United States Oil Fund LP (USO) has increased by 3.1% so far this year as of January 8, 2026 [2] - Geopolitical tensions are contributing to the rise of the oil services ETF OIH [2] Group 3 - OIH currently holds a Zacks ETF Rank of 3 (Hold) with a high-risk outlook [3] - The ETF may continue its strong performance in the near term, indicated by a positive weighted alpha of 26.64 [3]

Geopolitical Tensions - Iran's Supreme Leader, Ayatollah Ali Khamenei, has intensified rhetoric against former U.S. President Donald Trump, urging him to focus on domestic issues while accusing "rioters" of damaging public property to appease foreign powers amidst ongoing internal unrest [2][3][8] - Khamenei emphasized the need for Iranians to "preserve unity" in the face of challenges, as protests continue due to economic hardships [3] Online Delivery Market in China - China's regulatory bodies, led by the State Administration for Market Regulation (SAMR), are scrutinizing the online delivery sector, particularly food delivery platforms, to evaluate competition and ensure fair practices [4][5] - Major players in the sector, including Meituan, Ele.me, and JD.com, are facing investigations regarding their competitive practices and adherence to food safety standards [5] Global Food Prices - The World FAO Food Price Index recorded a decline for the fourth consecutive month in December, reaching an average of 124.3 points, down from 125.1 points in November, indicating a slight easing in global food commodity prices [6][8] Retail Sales in Italy - Italy's retail sales showed stable growth in November, with a year-on-year increase of 1.3%, matching the previous month's growth rate, and a month-over-month rise of 0.5%, indicating consistent consumer spending [7][8]

Core Insights - US defense stocks are experiencing a strong start in 2026, continuing the positive momentum from the previous year due to rising geopolitical tensions and increased military spending plans [1][6] Company Performance - Contractors L3Harris Technologies Inc. and Huntington Ingalls Industries Inc. have seen an 11% increase in stock prices during the first five trading days of 2026, partly driven by a rally following the US military operation in Venezuela [2] - Major peers like Northrop Grumman Corp. and Lockheed Martin Corp. have risen approximately 4% or more, while drone manufacturer AeroVironment Inc. has surged over 40% [2] - L3Harris advanced 40% and Northrop gained 22% last year, attracting investors due to the promise of rising global security spending [4] Market Trends - The defense sector has been a focus for investors since the geopolitical landscape shifted following Russia's invasion of Ukraine, with increased emphasis on security spending [6] - The recent gains in defense stocks are supported by a more hawkish US administration and reasonable valuations, presenting an attractive risk-reward scenario for investors [5] Global Market Movement - European defense stocks such as BAE Systems Plc and Rheinmetall AG have also advanced, with shares up 5% and 1.4% respectively, while Asian defense stocks like Hanwha Aerospace Co. and Aerospace Industrial Development Corp. have shown similar upward trends [5]

Market Performance - The benchmark indices Sensex and Nifty declined for the third consecutive day due to geopolitical tensions and concerns over potential US tariff hikes [1][6] - The BSE Sensex fell by 102.20 points (0.12%) to close at 84,961.14, with an intraday drop of 445.85 points (0.52%) to 84,617.49 [3] - The NSE Nifty decreased by 37.95 points (0.14%) to settle at 26,140.75 [3] Sector Performance - Among the 30 firms in the Sensex, major laggards included Maruti, Power Grid, Tata Motors Passenger Vehicles, HDFC Bank, Asian Paints, and Tata Steel [4] - Conversely, Titan, HCL Tech, Tech Mahindra, Infosys, and Tata Consultancy Services were notable gainers [4] Investor Activity - Foreign institutional investors sold equities worth ₹107.63 crore on Tuesday, contributing to the market decline [6] - Domestic institutional investors, however, purchased stocks worth ₹1,749.35 crore, indicating a contrasting sentiment [7] Market Sentiment - The domestic market sentiment remains cautious with risk-off undertones ahead of Q3 FY26 earnings and key US jobs data [8] - Elevated geopolitical tensions and tariff-related concerns are limiting risk appetite among investors [6][8] Global Market Influence - In Asian markets, South Korea's Kospi and Shanghai's SSE Composite indices closed higher, while Japan's Nikkei 225 and Hong Kong's Hang Seng indices ended lower [8] - Brent crude oil prices decreased by 0.81% to $60.21 per barrel, which may impact related sectors [9]

Core Viewpoint - The Dow Jones Industrial Average is poised to continue its record-breaking performance, while other indexes are expected to open lower due to rising geopolitical tensions related to the Venezuela crisis and Greenland [1][2] Group 1: Market Performance - The Dow and S&P 500 closed at all-time highs on Tuesday, indicating a broad market rally that positively impacted sectors such as materials, health care, industrials, and consumer discretionary [2] - Futures for the Dow increased by 22 points, indicating a stable outlook, while S&P 500 futures decreased by 0.1% and Nasdaq 100 contracts fell by 0.3% [1] Group 2: Geopolitical Context - Investors appear unfazed by geopolitical tensions, particularly in light of the lack of significant developments following the U.S. military operation that removed Venezuelan President Nicolás Maduro [2]