● 미국채 수익률
● 고용보고서
● 기업 단신
World Wrestling Entertainment — Shares advanced 9.7% after Vince McMahon elected himself executive chairman of the company despite retiring last year due to a sexual misconduct scandal.
Bed Bath & Beyond — The retailer dropped 12.4%, building on the sharp losses seen Thursday, after management said the company is low on cash and considering bankruptcy. KeyBanc dropped its price target to the stock from $2 to 10 cents, citing the concern of bankruptcy and weak fundamentals.
Tesla — Shares fell 6.4% after the electric-vehicle maker lowered prices for its Model 3 and Model Y vehicles in China. The electric vehicles will now be more than 40% cheaper than in the US as the company aims to revive declining sales in the world’s biggest EV market.
Silvergate Capital – The crypto-focused bank added to its Thursday losses following a downgrade from JPMorgan to neutral from overweight. The firm cited Silvergate’s worse-than-expected deposit outflows and called into question the company’s long-term profitability. Shares dropped 14% premarket, after posting a 42% loss Thursday.
Costco — Shares of the wholesale retailer dipped more than 1% in premarket even after the company reported solid sales number for December. Costco reported net sales of $23.8 billion in December 2022, an increase of 7% year over year.
Lululemon — The athletic wear maker added 1.8% following an upgrade to overweight from equal weight by Wells Fargo, which cited its momentum and attractive share price. Meanwhile, Ulta lost 1.8% after getting downgraded to under weight from equal weight. Bath & Body Works shed 1.7% after the firm moved it to equal weight from overweight.
Sunrun, Sunnova, First Solar — Shares of the solar companies gained more than 1% each after being upgraded by Wells Fargo to overweight from equal weight. Analysts cited an improved regulatory backdrop in 2023 and long-term tailwinds, including ESG mandates and government and corporate de-carbonization goals.
Discover Financial, Synchrony Financial — The consumer finance stocks were under pressure after being downgraded by Barclays to equal weight from overweight. Barclays analyst Mark Devries said in a note that these stocks are likely to fall if the economy enters a recession. Discover dipped 1.5% in premarket trading, while Synchrony lost 1.8%.
● 장전 상황
U.S. stocks rose Friday when the December jobs report showed that employment was only slightly stronger and wage gains were less than expected, showing some signs of progress amid the Federal Reserve’s interest rate hikes to tame inflation.
The Dow Jones Industrial Average increased 255 points, or 0.77%. The S&P 500 gained 0.87%, while the Nasdaq Composite jumped 0.72%.
The December nonfarm payrolls report showed that the U.S. economy added 223,000 jobs last month, slightly higher than the expected 200,000 jobs economists polled by the Dow Jones expected. In addition, wages grew slower than anticipated, increasing 0.3% on the month where economists expected 0.4%.
● Still speakerless
The House adjourned for a third night on Thursday without a speaker, after GOP leader Kevin McCarthy was defeated in an 11th vote. It’s the longest the chamber has gone without a leader in generations. The House is now facing a 12th vote when it reconvenes at noon on Friday, while McCarthy scrambles to appease far-right Republicans who have withheld their support for his speakership. Some Republicans on Thursday put forth new names as alternatives to McCarthy, including Rep. Kevin Hern of Oklahoma and former president Donald Trump.
● The US could put an end to non-compete agreements by the end of the year.
The US Federal Trade Commission (FTC) is proposing a ban on non-compete agreements that prevent workers from moving to another company or starting a business in the same field, a decision that could affect roughly 30 million Americans. FTC chair Lina Khan argued that non-compete restrictions drive down wages and prevent better working conditions, estimating that the ban could increase workers’ earnings by $300 billion per year.
* 필자의 생각: 경업금지 조약(Non-Competition Agreement)이란 고용인(Employee)이 퇴사 이후 일정 기간 경쟁업체 취업 및 동종업체 창업을 금지하는 조항임. 자, 그럼 이제 애플에 일하던 엔지니어가 화웨이로 이적해도 할 말 없겠네? 대부분의 회사는 직원채용시 이 조항이 없는게 사실인데, 이 NC agreement이 왜 있는지는 생각은 해 봤을까?
● GM OUTPACED ITS RIVALS IN A BAD YEAR FOR CAR SELLERS
General Motors reclaimed its crown as the top US car seller in 2022, unseating Japan’s Toyota, which had just torn the title from GM’s clutches in 2021 after a 90-year stint. But GM’s rally back to No. 1 was tainted by a particularly somber year for US car sales.
In 2022, the US auto industry sold the least number of new cars since 2011. The problems mostly came from supply chain snags across manufacturing, inventory, and shipments. In the second half of the year, GM was able to make a sharp recovery, with annual sales rising 2.5% year-over-year to 2.27 million cars.
The Detroit-based automaker’s jump was an anomalous one. Toyota battled supply-side headwinds to post a near 10% drop over the same period, coming in at 2.1 million sales. In fact, most major car manufacturers, including Michigan’s Ford and South Korea’s Hyundai, saw a decline in sales.
● Americans Can’t Stop Pampering Their Pets—Companies Want In (WSJ)
The rush of Americans who have brought home pets since the pandemic began. About 23 million households did, according to the American Society for the Prevention of Cruelty to Animals.
Spending to pamper them is one of a few areas of the economy managing to defy inflation and avoid a post-lockdown pullback.
As a result, some companies that normally cater to humans are hightailing it to pets.
