• Trump targets defense buybacks: President Trump has ordered restrictions on stock buybacks, dividends, and executive pay for defense firms with delayed or over-budget contracts, singling out Raytheon Technologies (RTX) and triggering a defense stock selloff. Source: WSJ.
• Defense stocks rally on budget news: Shares of U.S. and European defense firms gained after President Trump proposed a $1.5T military budget for 2027. Lockheed Martin (LMT), Northrop Grumman (NOC), RTX Corp. (RTX), and Kratos Defense (KTOS) all rose. Source: CNBC.
• Alphabet eclipses Apple: Alphabet’s (GOOGL) valuation hit $3.88T, surpassing Apple (AAPL) for the first time since 2019. Alphabet’s surge is driven by AI advances, while Apple lags behind in the sector. Source: CNBC.
• Alaska Airlines places big Boeing order: Alaska Airlines (ALK) is buying 110 aircraft from Boeing (BA), its largest order ever, to support global expansion following its Hawaiian Airlines acquisition. Source: NY Times.
• Potential institutional home-buying ban: Trump announced plans to ban large investors from purchasing single-family homes, citing affordability concerns. Shares of Invitation Homes (INVH), Blackstone (BX), and Apollo Global Management (APO) fell sharply on the news. Source: CNBC.
• China set to allow Nvidia chip imports: China plans to approve commercial imports of Nvidia’s (NVDA) H200 chips this quarter, excluding military and critical infrastructure use, marking a major win for the firm. Worth noting, Nvidia will require full upfront payment from Chinese buyers of its H200 AI chips. Sources: Bloomberg / Reuters.
• Ford to launch eyes-off EV: Ford (F) plans to debut autonomous driving in a $30,000 EV by 2028, aiming to undercut rivals. The move is part of a broader strategy shift toward affordable EVs and AI tech. Source: CNBC.
• Oil firms seek Venezuela payouts: Exxon Mobil (XOM) and ConocoPhillips (COP) are pursuing over $30B in claims tied to past asset seizures in Venezuela. Source: NY Times.
• Samsung profits triple on chip boom: Samsung (SSNLF) forecasts Q4 2025 operating profit of $15.4B, nearly tripling from a year earlier, as memory prices surge 40–50% amid soaring AI demand. Source: CNBC.
• Volvo unveils long-range EV SUV: Volvo Cars (STO:VOLV.B) will launch its EX60 electric SUV on Jan. 21, offering up to 810 km (503 mi) of range and 340 km added in 10 minutes of charging. The model aims to reduce EV range anxiety and boost adoption in global markets. Source: Reuters.
• Meta under China scrutiny over acquisition: China’s Ministry of Commerce is investigating Meta’s (META) purchase of Singapore-based AI startup Manus for potential export control violations. Manus, originally a Chinese company, relocated in 2025. Source: CNBC.
• JPMorgan to take over Apple Card: JPMorgan Chase (JPM) is acquiring the Apple Card (AAPL) portfolio from Goldman Sachs (GS) in a deal valued at over $20B, marking Goldman’s retreat from consumer finance. JPM will book a $2.2B credit loss provision tied to the transition. Source: CNBC.
• DuPont spinoffs trail market: Despite a decade of restructuring and five spinoffs, DuPont (DD) and its offshoots delivered a 42% total return — well below the S&P 500’s 287% over the same period — raising doubts about the strategy’s long-term shareholder value. Source: WSJ.

The AI boom's demand for chips turned Nvidia into the most valuable company on the market. But chips won’t be the only winner. 

Keeping these AI processors running is creating substantial new demand for lithium. Google alone needs 100+ million lithium-ion cells to power its AI data centers. 

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Now, they’re moving toward commercial production. With 100,000+ acres of lithium deposits in Chile, that’s a potential $1.1B in annual revenue opportunity at projected market prices. 

Invest in this boom as an early-stage EnergyX shareholder today.

• Jobless claims: Seasonally adjusted initial jobless claims totaled 208,000 for the week ending Jan. 8, up 8,000 WoW. The 4-week moving average was 211,750, down 7,250 WoW. Source: Dept. of Labor.

• ICE shooting sparks outrage: Protests have erupted after an ICE agent fatally shot Renee Nicole Good, 37, in Minneapolis. Federal officials claim she tried to use her car as a weapon, while local leaders call the killing unjustified and demand accountability. Sources: WSJ / BBC.
• Germany criticizes the U.S.: In rare pointed remarks, German President Frank-Walter Steinmeier warned that current U.S. foreign policy is undermining global democracy and international norms, comparing it to lawless "robber" behavior. He called for stronger international cooperation to defend rules-based order. Source: Reuters.
• U.S. exits 66 global groups: The Trump admin. is withdrawing from 66 global organizations, including the UN climate treaty and population agency, citing mismanagement or misalignment with U.S. interests. Source: AP.
• Trump to meet with oil CEOs: President Trump is set to meet Friday with U.S. oil executives to discuss reviving Venezuela's oil production. The effort would require major investment in deteriorating infrastructure. Source: Axios.
• U.S. seizes Russian oil tanker: U.S. forces have seized a Russian-flagged tanker linked to Venezuelan oil sanctions after a high-seas pursuit, escalating tensions with Moscow and Beijing. Sources: CNN / WSJ.
• RFK Jr. unveils new food guidelines: Health Secretary Robert F. Kennedy Jr. has released U.S. dietary guidelines prioritizing red meat, cheese, and whole foods, ending restrictions on saturated fats and calling for a sharp reduction in ultra-processed foods. Sources: NPR / CNBC.

• 8:30 AM: Balance of Trade
• 8:30 AM: Exports and Imports
• 8:30 AM: Initial Jobless Claims
• 8:30 AM: Non-Farm Productivity QoQ Prelim.
• 8:30 AM: Unit Labor Costs QoQ Prelim.
• Friday: Building Permits Prelim., Housing Starts, Non-Farm Payrolls, Unemployment Rate, Michigan Consumer Sentiment Prelim.

Constellation Brands (STZ) has released its quarterly earnings.

• Revenue of $2.22B (-9.79% YoY) beats by $53.74M.
• EPS of $3.06 (-5.85% YoY) beats by $0.42.
• Financials · As Reported · Metrics · Press Release

RPM International (RPM) has released its quarterly earnings.

• Revenue of $1.91B (+3.52% YoY) misses by $17.80M.
• EPS of $1.20 (-13.67% YoY) misses by $0.22.
• Financials · As Reported · Metrics · Press Release

Jefferies Financial Group (JEF) has released its quarterly earnings.

• Revenue of $2.07B (+5.72% YoY) beats by $105.87M.
• EPS of $0.96 (-8.57% YoY) beats by $0.06.
• Financials · As Reported · Metrics · Press Release

TD SYNNEX (SNX) has released its quarterly earnings.

• Revenue of $17.38B (+9.68% YoY) beats by $452.88M.
• EPS of $3.83 (+23.95% YoY) beats by $0.20.
• Financials · As Reported · Metrics · Press Release

Acuity (AYI) has released its quarterly earnings.

• Revenue of $1.14B (+20.19% YoY) beats by $5.07M.
• EPS of $4.69 (+18.14% YoY) beats by $0.27.
• Financials · As Reported · Metrics · Press Release

Commercial Metals Company (CMC) has released its quarterly earnings.

• Revenue of $2.12B (+10.99% YoY) beats by $87.12M.
• EPS of $1.84 (+135.90% YoY) beats by $0.30.
• Financials · As Reported · Metrics · Press Release

PriceSmart (PSMT) has released its quarterly earnings.

• Revenue of $1.38B (+9.86% YoY) beats by $25.39M.
• EPS of $1.29 (+6.61% YoY) misses by $0.15.
• Financials · As Reported · Metrics · Press Release

AZZ Inc. (AZZ) has released its quarterly earnings.

• Revenue of $425.75M (+5.47% YoY) beats by $7.14M.
• EPS of $1.52 (+9.35% YoY) beats by $0.06.
• Financials · As Reported · Metrics · Press Release

JPMorgan Chase (JPM) will report Tuesday.

• Analysts estimate revenue of $45.89B (+4.93% YoY).
• EPS is estimated to be $4.97 (+3.33% YoY).
• Financials · As Reported · Metrics

BNY Mellon (BK) will report Tuesday.

• Analysts estimate revenue of $5.12B (+5.58% YoY).
• EPS is estimated to be $1.97 (+14.53% YoY).
• Financials · As Reported · Metrics

Delta Air Lines (DAL) will report Tuesday.

• Analysts estimate revenue of $15.72B (+1.06% YoY).
• EPS is estimated to be $1.56 (-15.68% YoY).
• Financials · As Reported · Metrics

TSMC (TSM) will report Wednesday.

• Analysts estimate revenue of $32.60B (+21.26% YoY).
• EPS is estimated to be $2.71 (+20.98% YoY).
• Financials · As Reported · Metrics

Bank of America (BAC) will report Wednesday.

• Analysts estimate revenue of $27.54B (+7.98% YoY).
• EPS is estimated to be $0.96 (+17.07% YoY).
• Financials · As Reported · Metrics

Wells Fargo & Company (WFC) will report Wednesday.

• Analysts estimate revenue of $21.63B (+6.12% YoY).
• EPS is estimated to be $1.67 (+17.61% YoY).
• Financials · As Reported · Metrics

Citigroup (C) will report Wednesday.

• Analysts estimate revenue of $20.78B (+6.10% YoY).
• EPS is estimated to be $1.70 (+26.87% YoY).
• Financials · As Reported · Metrics

Infosys (INFY) will report Wednesday.

• Analysts estimate revenue of $272.15B (+5,410.13% YoY).
• EPS is estimated to be $0.20 (+5.26% YoY).
• Financials · As Reported · Metrics

• Confirmed today: Bleichroeder Acquisition Corp. II (BBCQ), a blank check company focused on disruptive growth businesses.
• Confirmed today: Buda Juice, Inc. (BUDA), a private-label citrus juice maker with $12.22M in TTM revenue and 20.19% revenue growth YoY.
• Estimated Friday, Jan. 9: Aktis Oncology, Inc. (AKTS), a biotech company developing radio-pharmaceuticals used in tumor treatment with $5.56M in TTM revenue.