Opening Bell: January 23, 2026 - Rhythm Capital & EquipmentShare IPOs

Market Openings

• 🔔 The opening bell at the New York Stock Exchange on January 23, 2026, was rung by Rhythm Capital to celebrate two recent acquisitions.
• 🚀 At the NASDAQ, EquipmentShare.com, an equipment rental provider, celebrated its Initial Public Offering (IPO).

Investment Insights

• 💡 The speaker identifies as a gold bug, holding gold since 2000 and advising against selling it, citing its retained store of value.
• 📈 Goldman Sachs' year-end target for gold was initially 4,900, which was met and subsequently raised to 5,400.
• 🛒 Costco is highlighted for its unrecognized strengths, including the ability to purchase gold without a long wait, despite not having the same rigorous CFO as other companies.
• 📊 Costco's stock has seen a bounce, but the speaker believes it needs to go higher, potentially to 47 times earnings, before stalling.

Upcoming Market Activity

• 🚚 Several equipment companies are expected to be prominent in the market next week, including Caterpillar.