1. What is DeepSeek?
LSEG
2. META Capex Bigger than 70% of the S&P Combined
Nice: Meta’s capex this year will be bigger than the market caps of 69% of the S&P 50.
CEO Mark Zuckerberg said the company is planning to build a truly massive data center to furnish its AI ambitions — and it’s going to cost a pretty penny. He estimates that the social media company’s capital expenditures will rise to $60 billion or $65 billion this year. That’s about 70% higher than analyst estimates for 2024’s full-year capex, which itself was a 40% jump from a year earlier. It’s also more than what Meta, Amazon, Alphabet, and Microsoft spent combined last quarter.
It’s also a bigger number than the market caps of 343 companies in the S&P 500. (Yes, we did the math. Yes, it’s really 69%.)
Sherwood
3. FCF Margins of Big 10 Stocks
From Ben Carlson: JP Morgan’s Michael Cembalest shared the following chart in a recent piece that shows how unique today’s top 10 companies are relative to history:
A Wealth of Common Sense
4. Netflix FCF Did Not Take Off Until 2023
Finchat
5. U.S. Public Companies Foreign Share of Revenues
Citigroup
6. Insider Selling Highest Since 1988
Dave Lutz Jones Trading INSIDER SELLERS – A gauge of insider sentiment that tallies the number of buyers versus sellers shows there were just 98 companies where at least one insider purchased the company’s shares this month through Jan. 22, compared with 447 at which at least one insider sold, according to data compiled by the Washington Service.
Bloomberg
With a little over a week of trading left in January, that buy-sell ratio, at 0.22, is currently on track to be the lowest in data going back to 1988, Bloomberg reported.
7. U.S. Dollar Since Inauguration
Business Insider
8. Yuan Best Week vs. Dollar in 2 Years
Daily Shot
9. Tik Tok Economic Impact on U.S.
Oxford Economics
10. Get Out of Comfort Zone
Psychology Today