Benzinga launched a new show on his YouTube channel on Friday. The show will air every Friday and summarize the week’s highlights for stock traders.
Here are the ten most influential headlines in the stock markets over the past week.
10: Fourth quarter deliveries from Tesla: electric car giant Tesla Corporation (NASDEQ:TSLA) reported record fourth-quarter sales to start the trading week and start 2022. The company reported fourth-quarter deliveries of 308,600, which represented a 28% increase quarter-over-quarter over the third quarter.
Deliveries for the fourth quarter rose 71% year over year and came sharply ahead of analysts’ expectations. Tesla delivered 936,172 units for the full fiscal year, also beating analyst estimates.
Tesla shares started the week trading higher but ended the week 3% lower, closing Friday at $1026.96.
9: Elizabeth Holmes is guilty: Theranos Company Founder and former CEO Elizabeth Holmes He was convicted of four counts of criminal fraud. A jury indicted the founder of the blood-testing startup on one count of conspiracy to commit internet fraud and three counts of electronic fraud against an investor. Holmes was found guilty of four additional counts, while the jury was unable to reach a verdict on three other counts.
Holmes helped Theranos raise more than $400 million from investors and became a darling in the media during her time with Theranos.
Holmes faces up to 20 years in prison on the charges. A date for the verdict has not been announced.
8. Ford raises production of the F-150 Lightning: Tuesday, Ford Motor Company (NYSE:F) has announced that it will nearly double production of its highly anticipated electric pickup truck, the F-150 Lightning. Ford also announced that it will open its first bank order for the truck on Thursday.
Ford now plans to produce 150,000 Lightning trucks annually by mid-2023. The increased production numbers come due to “increasing customer demand.” Ford reported that it had about 200,000 reservations for Lightning as of Tuesday, excluding fleet reservations. Lightning is expected to be delivered to customers in the spring of 2022.
Ford shares hit 52-week highs during the week of $24.95. Ford’s stock is up 170% in the past year.
7: Wejo Partners With Microsoft: Connected Vehicle Data Company Wejo Group Limited (NASDAQ: WEJO) announced its new neural edge processing platform. The platform comes as a partnership with Microsoft Corporation (NASDAQ:MSFT), also an investor in Wejo.
Wejo said the new platform will help “enable intelligent processing of data from vehicles at scale.” The platform will also provide insights into automotive innovation and help protect privacy.
Wejo said the new platform could help make vehicles safer, advance electric and self-driving vehicle technology and reduce congestion and emissions.
Related link: Why the stock market fell after the Fed meeting
6. Fed Meeting Selling: Shares sold off on Wednesday after details of the Federal Open Market Committee’s December meeting were announced. Federal Reserve Chairman Jerome Powell Other officials expect inflation to rise beyond 2022. The Federal Reserve could raise interest rates sooner than industry experts initially thought.
The minutes were released on Wednesday at 2 PM ET, and the selling of major indices and stocks followed. Technology stocks and high-growth stocks have been hit the hardest, as they tend to experience larger declines in higher interest rate environments.
the Invesco QQQ Trust Series 1 (NASDAQ:QQQ), which tracks the performance of the Nasdaq 100 Index, fell 3.1% on Wednesday. the SPDR S&P 500 ETF Trust (NYSE: SPY), which measures the S&P 500, fell 1.9% on Wednesday.
5. Bitcoin Falls: Besides selling stocks on Wednesday, Bitcoin (CRYPTO: BTC) And the other major cryptocurrencies started to decline until the end of the week. Bitcoin, which started 2022 at $47,000, has fallen to levels last seen in September 2021, hitting a new three-month low.
Bitcoin is trading at $40,850 at the time of writing.
4. Stellantis partners with Amazon: The owner of car brands that includes Dodge, Fiat, Chrysler and Jeep has announced a partnership with Amazon.com Inc (NASDAQ: AMZN). stellentis company (NYSE: STLA) will use Amazon technology to help create connected in-vehicle experiences and help train automotive software engineers.
Stellantis will use Amazon Web Services as the preferred cloud provider for all of its vehicle platforms moving forward as part of the new multi-year deal. Stellantis will also use Alexa in its vehicle lineup.
3. Ark Innovation Reaches New Lows: Known ETF Ark Innovation ETF (NYSE: ARKK) led by Kathy Wood It reached new 52-week lows on Thursday, easing back below the $85 level. Ark Innovation is down about 48% from Thursday’s high, and shares are down 10% in the first week of 2022.
ARKK’s top five holdings are Tesla with 8.7%, company of the year (NASDAQ: ROKU) by 6.1%, Teladoc Health Inc (NYSE: TDOC) by 6.1%, Zoom Video Communications Inc (NASDAQ: ZM) 6.0%, Coinbase Global Inc (NASDAQ:COIN) by 5.1%. All of the top five holdings except for Tesla are close to 52-week lows.
Ark Innovation is up 130% in the last three years and over 315% in the last five years, making it one of the best performing ETFs in the respective timeframes.
2. Oil rallies around the unrest in Kazakhstan: Political uncertainty in Kazakhstan and supply disruptions in Libya pushed oil prices higher throughout the week.
1. Stocks of value outperform growth: The start of 2022 kicked off with the trend of value stocks being favored by investors over technology and high-growth stocks. This trend comes with several macro issues such as inflation, political turmoil in Kazakhstan and market uncertainty.
What then: Follow Benzinga TV for the latest news and actionable trading ideas throughout the week. Sign up for a free trial of Benzinga Pro to get market headlines and actionable trading ideas in real time.
PreMarket Prep is broadcast Monday through Friday at 8 AM EST followed by Live Trading.
Related Link: Top 10 Most Searched Benzinga Pro Trends in 2021: Tesla, Apple, AMC, GameStop, and More