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Goldman Sachs Shines

Goldman, Morgan Stanley, Elon Musk

Good Morning!

We’re back! Happy Tuesday. Here’s what’s happening this morning:

👉 Goldman Sachs reveals great earnings

👉 Morgan Stanley beats on revenue 

👉 Elon Musk makes new demand

Let’s get into it!

EARNINGS: Morgan Stanley Beats On Revenue

Morgan Stanley's fourth-quarter revenue exceeded expectations, mainly due to a strong performance in investment banking, but earnings per share fell short. Investment banking revenue grew by 5% from last year, helped by a 25% increase in fixed-income underwriting. However, net income declined over 30% to $1.52 billion, or 85 cents per share, impacted by a $286 million FDIC charge and a $249 million legal settlement related to a regulatory investigation.

This report is the first under new CEO Ted Pick, a Morgan Stanley veteran. The firm's wealth management sector saw a slight revenue increase to $6.65 billion, while investment management revenue remained stable at $1.46 billion.

Source: Reuters

Earnings:

  • Earnings per share: $0.85 cents vs. $1.01 expected

  • Revenue: $12.90 billion vs. $12.75 billion expected

TESLA: Elon Musk Demands 25%

Elon Musk, CEO of Tesla and SpaceX, announced his aim to increase his voting control in Tesla to about 25%. Tesla's latest financial report notes that he owns 13% of the company. Musk expressed on X,

“I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control... I would prefer to build products outside of Tesla” if this does not happen.

Source: WSJ

This move for more influence contrasts with his earlier emphasis on Tesla's AI and robotics potential, particularly regarding their humanoid robot, Optimus. In fact, Elon Musk believes that the AI/Robotic division will be worth more than Tesla’s car division. It has been long stated that Tesla is more than just a car company.

Headlines You Need To Know: 🎙

  • Trump trounces rivals in Iowa

  • Apple to pull blood-oxygen monitor from watches

  • Vodafone signs $1.5 billion Microsoft deal

  • Russia now ‘dependent’ on China, EU Chief says

  • Oil rises with Red Sea tensions

  • Dangerously cold temps blast much of the US

The Rise of The Stanley Cups

This company made one change that increased its sales by hundreds of millions of dollars. In 1923, a guy named William Stanley realized he could create a container to keep water hot or cold. At first, he only sold them to commercial businesses like farmers and even the military. However, as the company evolved, they chose to go direct-to-consumer. Unfortunately, the company peaked and did not see much growth in most of the late 20th century and early 21st century.

Source: Stanley

Stanley has always had four basic colors, and their product was not growing in revenue. On top of that, Stanley bottles were not seen as fashionable or trendy.

But this is where things get interesting:

In 2020, Stanley hired a CEO who is a marketing genius. He changed the colors of the bottles and put all their marketing efforts into Tikok. The brand absolutely blew up on TikTok, and sales have exploded upwards of over 275%. Stanley emphasized using TikTok influencers and viral hashtags. The movement has been so successful that some Stanley bottles sell for hundreds of dollars on eBay.

Chart of the Day

📊 $10,000 Invested Into Nvidia

Source: Carbon Finance

GRIT Meme of the Day 😂

Tag GRIT Capital on social media for a chance to be featured in our meme or Tweet of the day in our GRIT daily newsletter! 👇

Source: @elonmusk

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