Market Update Newsletter 4/19/23

Futures are pointing to a lower open. Bitcoin (BTC) is at $29k. UK inflation is at 10% on an annual basis, dragging Euro markets down.

Mortgage demands drops 10% last week as interest rates continue to rise.

Netflix (NFLX) beat earnings but fell short of revenue estimates. Multiple PT reductions. Clamping down on password sharing is still not ready to be executed.

Tesla (TSLA) reports earnings Today. New delivery records are likely.

Apple (AAPL) opened its first brick-and-mortar store in India to great fanfare. Is this a show of strength from Tim Cook to show China that Apple is not entirely dependent on China?

Goldman Sachs (GS) receives 2 PT raises and one reduction. Bank is below book value. If M&A activity increases as markets improve, GS will benefit.

Happy Investing! The Punkrock Capitalist