From the Team @ HPLT 1/27
Business & Markets Update
First things first- what a heck of a weekend for HPLT, with a hugely successful first all-women’s summit down in Miami. GREAT WORK Brian / Melissa & team, and JOB WELL DONE to the 30+ women who attended and invested in their own self-growth and improvement journey, taking time out of their busy personal & family lives.
Serve yourself — In order to serve all of the people and things you care the most about in life. Great work everyone!!!!
Ok… We’re fully into 2025 as January has been packed with plenty of action in public markets. This past week saw all major indices higher, locking in a 2nd straight week of gains with notable upside in the big tech names (mainly Netflix, after a monster quarter that beat on all metrics)...Stock was +16% on the week. There seems to be plenty of ongoing Trump optimism, with lack of specifics around tariffs acting as the only real (near-term) overhang. Every other week 1 test from the Trump administration, as it relates to markets, was passed with flying colors.
IPOs are more officially on radar as company filings appear to be picking up and in a less-regulated backdrop, we should fully expect 2025 to see a major uptick in equity issuance relative to these last couple years. Last week saw a monster ($1.7 billion) offering come to market with liquified natural gas company Venture Global, but the bulk of the IPOs we likely see in the next handful of weeks and months will probably be smaller sized offerings, in the usual health care, technology, consumer, industrials and financial sectors.
Q4 earnings, albeit a bit early, have been fairly upbeat. 16% of the S&P 500 have reported their 4th quarter numbers at this point, with 80% of those companies beating on earnings-per-share above estimates. Expect earnings, along with more (daily) Trump headline-bombs, to dominate the day-to-day narrative this coming week.
Make it a GREAT ONE.
Top Reads
Trump executive order delivers on 2 promises he made to crypto world (Link)
Texas Asks Wall Street Firms for Details About DEI Efforts (Link)
Jamie Dimon says the US stock market is ‘kind of inflated’ (Link)
JetBlue begins accepting Venmo for flights (Link)
FDA authorizes ZYN nicotine pouch products after extensive review (Link)
Lululemon signs tennis star Francis Tiafoe (along with golfer Max Homa) in sports push (Link)