Daily Brief - The Not-So-Boring company

It works! As if there was any doubt. The recent CES technology show in Las Vegas last week was an important milestone for the less-talked-about Elon Musk enterprise: the Boring company.

Because money seems to be free when you’re the dominant voice, the company built the Vegas Loop, a network of underground tunnels to ferry passengers around the massive convention center in Tesla Inc. cars (duh!). It mostly worked.

We say “mostly” because for those of us expecting an other-wordly HyperLoop experience, this still seems closer to riding through the Midtown tunnel in New York City. Each passenger was chauffeured manually, and at top speed of - wait for it - 40 mph!

Notably, the Boring company was “no longer committing to autonomous technology,” which had once been a key selling point of Boring Loop systems. Instead, it’s focused on digging and operating tunnels that cars can drive through.

Well, the name of the company is a lot more fitting now!

Meanwhile, we were interested to read about the 3 beaten-down stocks GS thinks could go up as much as 60%. Goldman strategists think these three stocks - Fedex, Boeing, and Twilio - have been unfairly abandoned by investors and recently issued a buy rating for them.

As the list of legendary investors getting cautious about the current bull market gets longer, some of these stocks might actually find their way into more defensive-minded portfolios.