📈 AAPL's Ripe Earnings

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Good Morning!

It's time for another edition of our newsletter, and boy do we have some juicy updates for you. The Federal Reserve has been flexing its rate-hiking muscles with another 0.25% hike, but it looks like they might be taking a break in June.

Meanwhile, Apple has given Wall Street a run for its’ money with their second-fiscal quarter earnings, and Adidas has been smashing expectations left and right with their first-quarter results. It's all happening, and we've got the inside scoop.

So buckle up and let's dive in! 👇️ 

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Markets

Stocks slide after Fed announces 0.25% rate hike (4 minute read)
The US stock market went on a bit of a bumpy ride today. After raising rates by 0.25%, the Federal Reserve hinted that they might take a break from hiking interest rates in June, which caused stocks to drop. But, on the bright side, it looks like rate cuts are unlikely. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite were all down. The Fed also said they'll keep a close eye on how previous rate hikes have affected the economy before making any future moves.

Investing

Apple reports better-than-expected quarter driven by iPhone sales (5 minute read)
Apple (AAPL) had a bit of an up-and-down day! On the one hand, they beat Wall Street's expectations for their second-fiscal quarter earnings, thanks to some impressive iPhone sales that even surprised Apple CEO Tim Cook. But on the other hand, their overall sales fell for the second quarter in a row. Despite that, Apple's shares managed to rise almost 2% in extended trading, and they got an extra boost when they gave some good forecast data for the current quarter. Looks like Apple's still keeping us on our toes!

Adidas shares leap on results but CEO warns of bumpy year (4 minute read)
Adidas had some surprisingly good first-quarter results, which caused their shares to jump up! CEO Bjorn Gulden is warning us to brace ourselves for "a bumpy year with disappointing numbers", but hey, at least this quarter wasn't one of them! They even managed to beat analyst expectations by reporting an operating profit of 60 million euros, which is pretty sweet. Sales did drop a bit, but only by 1%, which is way better than the predicted 4% drop. All this good news caused Adidas shares to rise by 6%.

Warren Buffett's Big AI Bet (5 minute read)
Back in 2016, Warren Buffet’s company Berkshire Hathaway (BRK.A) (BRK.B) started buying shares of Apple, and boy did that investment pay off. In fact, it's become the company's most significant position, thanks to Apple's impressive outperformance. And now, AI is even starting to show up in their products! So, the big question - should you buy some Apple shares today? Well, it looks like this stock is a long-term winner, so if you've got some cash to spare, it might not be a bad idea to jump on the Apple bandwagon.

Money

Artificial Intelligence: How To Protect Yourself And Benefit Financially (5 minute read)
Okay, folks, let's talk about AI and jobs. We need to figure out which jobs are most at risk of getting replaced by robots and which ones are safe...for now. Thanks to professors Ed Felton (Princeton), Manav Raj (U Penn), and Robert Seamans (NYU), we've got a list of occupations sorted by language modeling exposure score. But hey, if you can't beat 'em, join 'em, am I right? You can invest in companies that will benefit from AI and ride the wave to financial success. JP Morgan even found that interest in AI, fueled by ChatGPT and other big language models, has been responsible for over half the gains in the S&P 500 this year

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