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It’s Tuesday.

As a thank you for being an incredible reader and supporter, I have created website that compiles 100+ resources showcasing Warren Buffett's interviews, lectures, public writings, and more.

It includes more than 40 hours of unedited video content and nearly 1,000 pages of investment wisdom.

Warren Buffett has made me a better investor, and I hope this resource helps you in your investing journey.

Some key data bites you should know: 

• Microsoft $MSFT is planning to cut 1,900 jobs, or roughly 8% of its video game divisions.

• The U.S. economy grew 3.3% in the last quarter, demonstrating its continued resilience despite high interest rates.

• The PCE index, the Fed’s preferred measure of inflation, increased by 2.6% annually, closely aligning with the Fed’s long term target.

• Canva is nearing a $1.5B share sale, valuing the company at $26B.

• Research from JPMorgan $JPM found that if you invest in the S&P 500 at all time highs, one year later your investment would be higher 73% of the time.

In today’s newsletter:

• 👜 Louis Vuitton Remains Resilient

• 💰 SoFi Is Now Profitable

• 💸 PayPal Fails To Shock The World

Let’s dive right in!

👜 Louis Vuitton Remains Resilient

When it comes to luxury goods, the first name you probably think of is Louis Vuitton.

Last Thursday, their parent company, LVMH Group presented their fiscal results for 2023, demonstrating their continued strength in the luxury goods segment.

In 2023, LVMH achieved €86.2B in revenue, a 13% organic growth, with strong gains in all sectors except Wines & Spirits.

Overall financial health remained solid, reflected by a steady operating margin.

Notably, both the profit from recurring operations and net profit saw an 8% climb, reaching €22.8B and €15.2B respectively.

Despite economic challenges, CEO Bernard Arnault praised LVMH's diverse, innovative strategies and their positive impact, and anticipates a promising 2024, including a partnership with the Paris Olympics.

💰 SoFi Is Now Profitable

Yesterday morning, SoFi reported it’s first-ever quarterly profit, sending shares up 20%.

The company reported a record $594M in adjusted net revenue and $181M in adjusted EBITDA, with the latter representing a 159% YoY growth.

SoFi’s total membership continued to expand, growing 44% YoY to over 7.5M total members.

Product offerings also saw a robust increase, with 41% YoY growth, totaling over 11M.

Financially, SoFi reported a positive GAAP net income of $48M and an expanded net interest margin of 6.02%.

Looking ahead to the next quarter, the company is projecting 20% growth for its adjusted net revenue and a 20% adjusted EBITDA margin on the low end of its guidance.

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💸 PayPal Fails To Shock The World

Once a pandemic darling, PayPal has struggled in recent years, dropping by nearly 80% from it’s all time high.

In a recent interview with CNBC, CEO Alex Chriss, asserted that PayPal would embrace the underdog position and “shock the world.”

However, the company’s innovation presentation on January 25th wasn’t met with much excitement by investors.

PayPal announced a new checkout experience, Fastlane for swift guest checkouts, and Smart Receipts offering AI-personalized merchant recommendations.

They're also launching an Advanced Offers Platform for tailored, real-time consumer offers and a revamped PayPal app featuring CashPass for personalized cashback deals from top brands.

Following the presentation, PayPal’s stock dropped nearly 6% and has since returned to levels seen prior to the event over the last few days.

Notable Companies Reporting Earnings This Week:

• Monday (1/29):

  • Nucor $NUE, Super Micro Computer $SMCI

• Tuesday (1/30):

  • Microsoft $MSFT, Alphabet $GOOG, AMD $AMD, Pfizer $PFE, UPS $UPS, Starbucks $SBUX

• Wednesday (1/31):

  • Novo Nordisk $NVO, Mastercard $MA, Novartis $NVS, Thermo Fisher $TMO, Qualcomm $QCOM, Boeing $BA

• Thursday (2/1):

  • Apple $AAPL, Amazon $AMZN, Meta $META, Merck & Company $MRK, Altria $MO, Ferrari $RACE

• Friday (2/2):

  • Exxon Mobil $XOM, AbbVie $ABBV, Chevron $CVX, Regeneron Pharmaceuticals $REGN

All of the companies that are reporting earnings this week can be viewed here.

Buys:

• Blake Moore (R)

  • Company: SPDR S&P 500 ETF Trust ($SPY)

    • Amount Purchased: $130K - $350K

  • Company: Vanguard Growth ETF ($VUG)

    • Amount Purchased: $102K - $280K

• Markwayne Mullin (R)

  • Company: Apple ($AAPL)

    • Amount Purchased: $50K - $100K

  • Company: Nvidia ($NVDA)

    • Amount Purchased: $15K - $50K

  • Company: AMD ($AMD)

    • Amount Purchased: $15K - $50K

  • Company: Meta Platforms ($META)

    • Amount Purchased: $15K - $50K

• Michael Burgess (R)

  • Company: Illumina ($ILMN)

    • Amount Purchased: $16K - $65K

  • Company: Exxon Mobil ($XOM)

    • Amount Purchased: $15K - $50K

Sells:

• Michael Burgess (R)

  • Company: Blackstone Group ($BX)

    • Amount Sold: $15K - $50K

  • Company: Palo Alto Networks ($PANW)

    • Amount Sold: $15K - $50K

• Blake Moore (R)

  • Company: Amazon ($AMZN)

    • Amount Sold: $17K - $80K

  • Company: Apple ($AAPL)

    • Amount Sold: $17K - $80K

  • Company: Berkshire Hathaway ($BRK.B)

    • Amount Sold: $17K - $80K

  • Company: Meta Platforms ($META)

    • Amount Sold: $17K - $80K

  • Company: Microsoft ($MSFT)

    • Amount Sold: $17K - $80K

  • Company: Alphabet ($GOOGL)

    • Amount Sold: $16K - $65K

🤝 Review of the Week