Weekend Update 1/17/2024

Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!

Reopening, international struggles and bubble fears drive earnings

πŸ’ͺ Domestic pandemic recovery strong. As cases continue to rise globally, πŸ‡ΊπŸ‡Έ #COVIDRecovery momentum strong. #Earnings winners saw reopenings and increased spending drive beats. Even #RevengeTravel got a boost with Europe likely opening to vaccinated Americans in summer.

🀒 International pandemic recovery not so much. #COVID19 continues to surge internationally with new all-time case highs. Companies with large international exposure were #earnings losers often offsetting any domestic strength.

😬 Bubble fears rising (again). Investors increasingly nervous with high-growth names. High-growth so far are #earnings losers as strong growth and beats aren’t sustaining high valuations. “Sell in May and go away”?

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The statements, opinions and analyses presented here are provided as general information. This article is the opinion of the author. Anything within this article should NOT be considered an investment recommendation or advice. See Ursa’s full disclosures here.