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Hey Snackers,
One-time Pizza Hut pitchman Ringo Starr, who’s better known for other work, confessed that he’s never once eaten pizza.
Stocks hit the skids on Friday, reversing gains after the White House press secretary confirmed that President Trump would enact tariffs of 25% on imports from Mexico and Canada, as well as 10% on China. This sent the S&P 500 down to end 0.5% lower after having been up 0.8% earlier in the day. On Saturday, Trump signed three executive orders implementing the tariffs, which will go into effect on Tuesday. In response, Canada announced retaliatory tariffs on more than $100 billion worth of US goods and Mexico readied financial countermeasures which will be announced today.Â
Wondering what goods will be hit? Here’s every single thing America imports from Canada and Mexico.
Let’s get quizzical: Try going 7 for 7 in this week’s Snacks Seven quiz. Can you fill in the blank here?Â
The US imports nearly a third of its _____ from Colombia. (Check your answer)
What’s Palantir trying to tell us?
Last year Palantir Technologies was the single best-performing stock in the S&P 500, rising 340%. The software company has been on a tear lately, too, in no small part because key backers like Peter Thiel, who cofounded the company and is its largest individual shareholder, have Trump’s ear.Â
As tech analyst Dan Ives straightforwardly put it:
“The stepped up AI investments now being seen under the Trump Administration with Project Stargate should benefit Palantir on the government vertical as more focus within the Beltway heads down the strategic AI infrastructure build-out stage. In essence, Palantir is in the sweet spot to benefit from a tidal wave of federal spending on AI.”
Enthusiasm around the company’s friends in high places sent the share price to a new high as of Friday, finishing January at $83.49, which is 5x its closing price of $16.09 on the same day last year.Â
The Takeaway:
With the company reporting earnings after the bell today, now’s a good moment to check in on why people think Palantir is, much like its inspiration in “The Lord of the Rings,” full of great and terrible potential.
It bought into Voyager Technologies, which is currently developing a commercial space station for NASA and eyeing an IPO.
Hey, it even survived the full-throated endorsement of Jim Cramer.
That said, the stock could be seen as a bit overheated, given that it’s trading at a price-to-forward earnings ratio of 180x, which has some seeing only downside.
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Tech Investors Take Note: Get In Early On Wireless Power
With a tech-friendly new administration, 2025 is shaping up to be a year of innovations. One of those is wireless power — power that acts like a Wi-Fi signal — from Energous.Â
It has the potential to save billions of dollars in inventory losses for retailers and manufacturers. That’s why Energous is already working with a Fortune 10 multinational retailer and part of the AWS Partner Network. Their patented solution is up to 8X more effective than the competition.Â
While Energous is a public company, they’re offering investors something you won’t find on the Nasdaq:
1 convertible preferred share (convertible into 2 Nasdaq: WATT common shares)
3 warrants to purchase additional shares at a fixed price1
Don’t wait — be early to this Energous opportunity while you can.2
Stories we’re watching
The DeepSeek freak turns down to a leak
While the Nasdaq 100 managed to briefly erase the losses incurred from the market panicking over the news of DeepSeek’s R1 model being made faster and cheaper in China than its American competitors, Nvidia is still very much down this week, and CEO Jensen Huang’s reassurance that they just did the easy part didn’t do much to bolster investors’ confidence. On the other hand, stocks in the AI software trade are doing just fine and OpenAI fast-tracked the release of its next, cheaper model, o3-mini, which is definitely not the end of this story.AI in focus for Amazon and Google earningsÂ
Two of the major players in the Magnificent 7, Amazon and Alphabet, report earnings this week and all ears will be tuned to how much they mention AI. Amazon, which reports on Thursday, recently upped its estimate from $10 billion to $16 billion for how much its Mississippi data center will cost, and analysts expect capex for its AWS division to just keep rising. Google, which reports Tuesday, has also seen skyrocketing year-over-year figures for its capex expenditures, with projections putting its capex spend at $76 billion by 2026.
What else we’re Snackin’
Apple cancels plans for a less cumbersome face computerÂ
Walgreens suspends quarterly dividend it’s paid since the Great Depression
Move over, Moo Deng, there’s a new baby white rhino to coo over in Belgium
Snack Fact of the Day
More American kids “can’t read good”: new data shows that 40% of US fourth graders read at below basic proficiency.
This Week
Monday: Manufacturing PMI. Earnings expected from Tyson, Palantir, and Clorox
Tuesday: Job openings. Earnings expected from Merck, Estée Lauder, PayPal, Pfizer, PepsiCo, Fox Corp, Alphabet, Match Group, AMD, Electronic Arts, Chipotle, Prudential, and Mondelez
Wednesday: Services PMI. Earnings expected from Uber, Disney, MicroStrategy, Qualcomm, New Corp, Allstate, and Ford
Thursday: Q4 productivity and unit labor costs. Earnings expected from Amazon, AstraZeneca, Eli Lilly, Bristol-Myers Squibb, ConocoPhillips, Hershey, Hilton Worldwide, Yum! Brands, Phillip Morris, Ralph Lauren, Take-Two Interactive, and ExpediaÂ
Friday: Jobs report. Earnings expected from CBOE
Advertiser’s disclosures:
Âą The warrants are exercisable within 36 months from the date of issuance. See offering circular for further details.
² This is a paid advertisement for Energous’s Regulation A offering. Please read the offering circular and related risks at invest.energous.com.
Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck.