Key Takeaways:

✔️ S&P 500 reaches record close at 6129.32 📈
✔️ Intel (NASDAQ: INTC) spikes 16% on acquisition talks with Broadcom & TSMC 💻
✔️ Nike (NYSE: NKE) collaborates with Kim Kardashian for new product line 👟
✔️ Delta Air Lines (NYSE: DAL) has a plane accident in Toronto, injuring 18 ✈️

1. Market Recap: S&P 500 Hits New Highs

The S&P 500 increased 0.2% to a record close of 6129.32, continuing its upward trend as investors jumped at the opportunity following the Presidents Day holiday.

• Nasdaq Composite: +0.1% 📊
• Dow Jones Industrial Average: +10 points (+0.02%) 💰

Why It Matters: The market’s strength indicates positive investor confidence, despite challenges like inflation and rising interest rates.

2. Intel Rises on Broadcom & TSMC Acquisition Interest

Intel (NASDAQ: INTC) shares surged 16% following reports that Broadcom (NASDAQ: AVGO) and Taiwan Semiconductor Manufacturing Co. (NASDAQ: TSMC) are looking to split Intel into two companies.

• Broadcom is interested in Intel’s chip design and marketing.
• TSMC is considering acquiring a controlling stake in Intel’s chip factories.

Wedbush Commentary:

“TSMC’s engagement with Intel’s fabs could effectively address Intel’s competitive disadvantages.”

Intel’s stock has risen 18% year-to-date, marking its most successful week in 25 years.

3. Nike Collaborates with Kim Kardashian

Nikes (NYSE: NKE) is teaming up with Kim Kardashian to launch a new line of sneakers and apparel targeting younger demographics.

Why It Matters: In a competitive landscape with rising competition from Adidas, this partnership could enhance sales and market share, drawing inspiration from Adidas’ past successes with Yeezy.

4. Delta Air Lines Incident in Toronto

A Delta (NYSE: DAL) regional jet flipped over during landing at Toronto Pearson Airport, resulting in 18 injuries out of 80 passengers.

The cause remains uncertain, but initial evaluations suggest high crosswinds and icy conditions may have played a role.

Investor Impact: This event is not expected to significantly impact Delta’s stock, although regulatory scrutiny and safety concerns could arise.

Final Thoughts: What Lies Ahead for Investors?

Positive Market Sentiment: The S&P 500’s surge suggests investor confidence is high, although broader macroeconomic risks persist, including tariffs and inflation.

Future of Intel: Should Broadcom and TSMC finalize arrangements, Intel could potentially see further stock growth.

Focus Areas Going Forward:

• Federal policy updates and interest rate outcomes.
• Quarterly earnings metrics from pivotal S&P 500 corporations.
• Updates regarding Intel’s prospective split.