你最好不要错过|每日剥皮|10/20/22

Market Snapshot

Netflix has been keeping receipts on the doubters proclaiming Disney and Amazon the new kings of streaming. And they proved they still have the crown Tuesday.

After a worrying bout of subscriber losses this year, it bounced back with2.4 millionnew sign-ups in Q3. A new ad-supported tier could bolster further growth.

Elsewhere in the market, stocks saw modest losses after gaining to start the week.

At the close, theDowsank0.33%,Nasdaqdropped0.85%, and theS&Pfell0.67%。

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Let's get into it.

Monkey Meme of the Day

来源

Banana Bits

Amazon's burning through workers at a breakneck pace, and the attrition is costing the company$8 billion a year
The EU is looking for a way tocap energy pricesin case they get out of control this winter
Social security benefits and tax brackets arerisingin response to inflation
Inflation in Britain just hit the dreadeddouble-digit mark

Banana Brain Teaser

Yesterday-I am a fruit. I am tasty and provide lots of energy. You can also find me on a calendar. What am I?

日期。

今天- It's100 bananasoff theInvestment Banking Interview Bootcamp。抽!

Three or four, I can stab through or rule the seas. You know my cousins. What am I?

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Macro Monkey Says

The Big Boys Start to Cut- The wave of layoffs this year started with the easy prey-money-losing tech companies. Peloton, Carvana, and Zillow all had to shed staff to keep costs manageable amid an interest rate tightening cycle.

Now, the big boys are starting to cut back.

Microsoft announced a round of job cuts this week, although it'll be less than 1% of its workforce
J&J is close behind after announcing upcoming layoffs in its earnings call
Netflix, Tesla, and Coinbase have also reduced their workforces in recent months

像微软这样的庞然大物不裁员due to liquidity problems. It just doesn't make sense for them to keep the same number of heads with lower earnings.

这是远足自行车开始裁员的开始时的恐惧，但是如果大型技术开始大量吸引工人，那可能会引发一个令人讨厌的衰退。

Despite all the hoopla around layoffs, though, the unemployment rate still sits at apaltry 3.5%。Even though tech companies dominate much of our lives, much of the American workforce is employeddoing other things。

分析师一直关注苹果公司，苹果公司最近几个月与RTO与员工建立了艰难的关系。

Sales of the new iPhone 14 are expected to be tepid, which may give it an opportunity to tell its workers refusing to come back to the office to take a hike.

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What's Ripe

Netflix ($NFLX)- Anyone who's been mooching off of someone else's Netflix account has been worrying for months that a crackdown on password sharing is coming.

The company shared some details about its plans on that front, and there's good and bad news.

The bad news is that allowing password sharing will cost you. But the good news is that it won't cost as much as a regular subscription.

$NFLX was up13.09％by the end of the day.

United Airlines ($UAL)- It's been a long road back for the airlines from the near-death experience of C-19, but travel demand is rebounding in new ways.

Traditional business travel is stillwell below流行前的水平，但是新兴的远程工作阶层正在加剧需求。

According toCEO Scott Kirby, "It wasn't money that constrained people from travel. It was time."

$UAL was up4.97%by the end of the day.

What's Rotten

Carvana (CVNA美元)- It's getting even uglier at Carvana after a negative analyst report sent shares plummeting, bringing it down to -93% YTD.

There doesn't seem to be a clear way out of the mess, with lagging consumer demand keeping huge inventories sitting in lots.

It's burning cash at a concerning rate, and whispers of bankruptcy are starting to get louder.

$CVNA ended the day down18.53％。

The Boston Beer Company ($SAM)- $SAM had solid momentum coming out of 2021 after posting strong revenue growth, but it has lagged this year.

塞缪尔·亚当斯的制造商,扭曲的茶,和愤怒Orchard has had to deal with rabid competition in the space, along with margin pressure from increased costs.

Many believe the stock has too much future growth priced in, which largely drove the selling Wednesday.

By the end of the day, $SAM was down5.04%。

Thought Banana

Congress Is Too Good at Investing- Members of Congress get access to all kinds of juicy info that can move stocks significantly. Trading on it can net them tendies galore.

You'd think there'd be a system in place to ensure these people only maintain passive investments or are somehow walled off from profiting off of insider info.

Apparently, there are far less barriers than you'd think.

TheNYT analyzedtrading activity from Congresspeople and their families and found significant conflicts of interest
These included snapping up drug company stocks ahead of major FDA approvals and selling Boeing before a damning report on its 737 MAX was released
The STOCK act allows members of Congress to trade as they please, as long as it's not on inside info…but that's really hard to prove

The penalty for failing to report a trade on time? Just 200 bones.

That's just not enough of a disincentive to prevent this from happening. Tighter restrictions seem like the obvious solution.

If you ask me, they should have to put their assets into a blind trust or at least move them into ETFs or something that's more passive.

In the meantime, the apes will have to continue competing with an informational disadvantage.

Wise Investor Says

"If you would like to know the value of money, go and try to borrow some."- Benjamin Franklin

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