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January 6, 2025 Investor Insights Thumbnail

January 6, 2025 Investor Insights

Investor Insights

Breakfast is Expensive

January 6, 2025

Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions. 

 

  • In 2024, the "Magnificent Seven" (Apple, Nvidia, Microsoft, Google, Amazon, Tesla, and Meta) grew by 65% and was responsible for 57% of the S&P 500's gain. This was a decrease from 2023 when they soared 111% and made up 65% of the S&P's gain. *1
  • Breakfast meals have become more expensive lately. One culprit is the price of eggs. The price per dozen eggs is now $5.77, up 146.6% from 2023. A recent outbreak of Avian flu reduced the laying hen population by 3% (or 10 million hens). 2
  • Despite a 6.1% stock drop last week, Tesla is now worth $1.2 trillion, more than the next 20 largest automakers combined! Tesla's shares trade at 117 times projected earnings, significantly higher than Nvidia and other tech giants. *3
  • 17.6% (or 3.7 million BTC) of the entire supply of Bitcoin is estimated to be lost. This is a significant portion of Bitcoin, which is likely inaccessible due to lost keys or forgotten wallets. 4

Sources:

  1. Barrons - "Tech Stocks Top the Indexes Again, With One Mag 7 Caveat"
  2. WSJ - "Why Breakfast Is Busting Your Food Budget"
  3. WSJ - "Tesla’s Car Business Isn’t Really in the Driver’s Seat"
  4. The Irrelevant Investor - "The Compound and Friends: Why Brian Wesbury is Bearish"

*Past performance is not indicative of future performance

Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter. 

Glen Eagle Wealth, LLC is a member of FINRA, MSRB and SIPC 

Glen Eagle Advisors, LLC is a SEC Registered Investment Advisor 

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