Truckers are taking a hit.

There’s some change of plans guys. We are now calling ourselves Aurify. It was a hard choice between Grow Yo Dough and Skip the Dip bro but we picked Door number 3. It’s supposed to have a fancy Latin name and meaning but you know us. Nothing can be farther from fancy than us. We are in the trenches, on the court, in the dugout.. right along there with you ;-)

Today we found.. US trade is shaky, New York real estate doesn’t make sense and Spotify is in the green. Let’s do a scan.

In light of reduced trade activity in the US, diesel prices are going down. Wholesale diesel recently fell from $5.34 to $2.65 a gallon in New York Harbor. Recent increase in interest rates has led to a drop in manufacturing activity and trade. After the Ukraine war began, commodity markets were affected raising diesel prices. Construction sites, heavy farm machinery, goods transport, port, rail yards, factories were all impacted as a result. Global trade and manufacturing production dropped 5.4% between September and January, according to the Netherlands Bureau for Economic Policy Analysis. With drop in trade activity, the stocks for United Parcel Service fell by 10% as their earnings took a hit.

Sector Sweep

Technology

• Alphabet reported a small decrease in their earnings last quarter (<1%). Their total revenue had increase last by 2.6% as their cloud business demonstrated growth.

• Spotify grew its monthly active users(MAU) by 22% to 515 million users from a year earlier. This is amidst a song controversy made from generative AI in Drake and The Weeknd’s vocals was removed from streaming platforms after a copyright infringement complaint from Universal Music Group NV. Platforms are trying to balance AI innovation and copyrights on a tight rope.

• Amazon, META are scheduled to report their earnings this week.

Consumer Products

• Pepsico and McDonalds reported strong earnings this week showing signs that not all consumer spending has abated in the US.

Real Estate

• Bankruptcy of Bed Bath and Beyond has a silver lining. Many retailers are sitting in the wings waiting for primo real estate to open up as post bankruptcy they are looking to fill the void.

• Manhattan rental real estate seems to be inversely proportional to general US real estate as rental prices keep increasing while they plummet in the rest of the country.

Transportation

• General Electric and Raytheon Technologies showed strong quarterly earnings as airline travel continues to rebound post pandemic.

That’s all for today folks. Do keep a lookout for our weekly email about stock deep dives and personal finance strategies this Saturday.

BTW, do give us feedback about we how we’re doing. Helps us a lot.

Cheers!

I now believe in reincarnation.

ok. I call Bubble. Now.