Welcome back from the holidays to the 08-Jan-2024 edition of Capnote’s Weekly Spotlight – the free newsletter dedicated to enhancing your financial expertise and performance.
In this edition (reading time 7 minutes), you’ll discover:
- The Top 20 corporate customers of the S&P 500.
- Gaining & declining trends to watch including Crude Oil and Life Sciences.
- This week’s special offer – earn income from your data & expertise.
- Key events to watch for insight into the Delivery, Sports & Clothing sectors.
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Tip Of The Week 
Top Customers of the S&P 500
The S&P 500 is arguably the most important index in finance and is often used as a proxy for the US stock market. An understanding of the most common customers gives investors in the index an indication of companies they may not be aware that they have exposure to.
Below is a sample list of the top 20 institutional customers in order of frequency (not value). Companies in the Retail, Technology and Real Estate sectors dominate the list with Walmart the most popular customer at almost 10%. Note that investing in the S&P 500 index also gives direct exposure to some of these companies but not all.
Go to Capnote to see more details. For example, the below shows some of the companies that Apple purchases products from.
Use Capnote’s Smart Watchlist or Portfolios to discover the top customers for any combination of companies in an index or portfolio. Sign-up for free, add companies to a watchlist or portfolio and then click on ‘sensitivities’. You’ll be able to see the Top Customers, Suppliers, Industries, Institutional Investors and Tags as well as which companies they apply to.
Also Read; Independent Wealth Manager Chooses Capnote For Financial Intelligence & Automation.
This Week’s Special Offer 
Earn From Your Financial Data & Intelligence
Capnote is excited to announce that individuals and small businesses can now earn income on the platform by contributing data and intelligence. Here’s how:
1. Sign-up to Capnote for free.
2. Go to the “Earn & Buy” tab to view paid tasks
3. Apply to listings that align with your interests, skills and expertise.
4. Our team will review your Capnote profile and reach out.
You can apply for multiple listings – the more you contribute, the more you earn!
Trending
Sentiment Markers
Following a rally in December, the S&P 500 started the year down in response to a rise in Treasury yields. Concerns over the state of the Chinese economy persist with even President Xi Jinping acknowledging during his speech on New Year’s Eve that “Some enterprises had a tough time. Some people had difficulty finding jobs and meeting basic needs.”
- US 10 year treasury +4.25%
- S&P 500 -1.52%
- Hang Seng -3.00%
- Crude Oil (Brent) +2.38%
- US dollar index (DXY) +1.09%
- Gold -0.48%
- Bitcoin +4.90%
Gaining
- Crude Oil: Prices of crude gained 2% recently as stockpiles in the US declined and tensions flared in the Middle East between Israel and Lebanon. Last month, OPEC+ also indicated its intention to deepen supply cuts.
- Life Sciences: Over the last week, shares of Moderna and Teva Pharmaceuticals gained 12% and 9% respectively. Moderna stock was upgraded to outperform by analysts at Oppenheimer. Eli Lilly stock gained 7% on news it was launching a direct to consumer drug delivery platform.
Declining
- Jewelry & Ornaments: According to Tenoris BI, total retail sales value of finished jewelry fell -8.5% year on year in Oct-23 with total units down by -7.7%. Diamond prices also fell in 2023 due to lower demand and competition from lab-grown diamonds.
- Palladium: Capnote’s indicator tracker shows Palladium prices are low compared to their 5 year average. According Mining.com, palladium prices fell by 39% in 2023, the most since 2008. The majority of palladium demand comes from catalytic converter production. However, traders believe that the growth in electric vehicles will destroy this demand.
Sign-up to Capnote for free (no credit card required) to read more.
Events & Notifications 
Below is a selection of events and earnings expected this week.
- 2024-01-08 Earnings – Pricesmart, Inc
- 2024-01-09 Earnings – Msc Industrial Direct Co., Inc.
- 2024-01-09 Earnings – Albertsons Companies, Inc.
- 2024-01-10 Earnings – Mettler-Toledo International Inc.
- 2024-01-11 Earnings – Tesco Plc
- 2024-01-12 Earnings – Delta Air Lines, Inc.
- 2024-01-12 Earnings – Unitedhealth Group Incorporated
Use Capnote’s Intelligent Timelines to find events and customize alerts.
Written by Ikenna Ene