Published on: February 2, 2024

NetWorth Radio Advance Report - February 5, 2024

In this NetWorth Radio Advance Report, Spencer McGowan, President of McGowanGroup Asset Management, delivers financial news and intelligence with insights you can act on for February 5, 2024.

Advance Report

Radio Show

Q: What was a positive surprise for U.S. investor’s this week?
A: The growth rate spiked to 4.2% for the 1st Quarter of 2024 according to the Atlanta Federal Reserve’s GDPNow growth model.
Q: What can Caterpillar shares tell investors about a potential booming global economy?
A: Caterpillar’s most recent earnings report showed 12% revenue growth and a 40% spike in profits.
Q: Why does the Federal Reserve appear to issue statements that interrupt market rallies?
A: It could be the Wealth Effect! Shiny Happy People go buy stuff which helps drive inflation.


Headline Round Up

*WOW: 4.2% U.S. Economic Growth Q1 2024: Atlanta Federal Reserve’s Real GDPNow Growth Model.
*North Texas Boom Updates from Allie Beth Allman & Associate Realtors.
*Flabalanche Attack: Novo Nordisk Increasing Supply of Wegovy Throughout 2024.
*New York Community Bancorp, Signature Bank’s Bailout Buyer, Plunges 38% on Office Loan Losses & Dividend Cut.
*Commercial Real Estate Losses Hammer Banks in U.S., Japan, and Switzerland.
*$400,000 Per Year with No Degree Required?
*Norway is Rich! Norway’s Giant Sovereign Fund Reports Record Profits in 2023!
*Microsoft Revenue Spikes While Azure Sales Up 30%.
*China’s Evergrande in Liquidation After Being Saddled with $300 Billion in Liabilities.
*The 15 Most Expensive Neighborhoods in the U.S. as of December 2023.
*BlackRock Predicts U.S. Stock Rally Could Last Another 6-12 Months.
*Home Prices Dropped in November.
*Layoffs! Interest Rate Cuts Coming.
*Global Infrastructure: BlackRock Planning Airports, Pipelines and Data Center Investments?
*Shell PLC Continuing Stock Buybacks & Buying Back Another $3.5 Billion of Shares This Quarter!
*Europe Regulates Itself to Last Place?
Mergers and Acquisitions
*Allen Media Group Makes a $30 Billion, with Debt Included, to Purchase Paramount Global.
Skid Row
*Peloton’s Downhill Race.
*23andMe’s $6 Billion Dollar Decline?


Dow Jones Industrial Average Index (10/31/2023 – 02/02/2024)

– Courtesy of Bloomberg LP

Dow Jones Industrial Average Index (12/29/2023 – 02/02/2024)

– Courtesy of Bloomberg LP

Chicago Board Options Exchange – 10 Year Treasury Note Yield Index (12/29/2023 – 02/02/2024)

– Courtesy of Bloomberg LP

Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (11/16/2023 – 02/15/2024)

– Courtesy of Bloomberg LP


Profit Report

November, December & January’s Financial Markets Performance.


Research Round Up!

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*Nuveen: Federal Reserve Inches Closer to Cuts
*Recurrent Midstream White Paper: Record Cash Flow Surpluses

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