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• Owning stocks without a risk premium: The S&P 500 forward earnings yield (expected profits as a percentage of stock prices) is now at 3.9%, while the yield on the 10yr U.S. Treasury bond is 4.65%. The spread between the two – the equity risk premium – is now below zero, a level last seen in 2002.
• Time in the market, not timing the market: Speaking to Fool analyst Jim Gillies about Netflix (NFLX 3.24%), Motley Fool Money co-host Dylan Lewis noted "The market is at historic levels, and to hear that there is earnings growth potential, that there is growth for some of these large companies, is important."

Rule Breakers rec Twilio (TWLO 0.67%) surged over 14% in Friday's pre-market trading, following an investor day where management showcased a strong profit outlook as well as impressive preliminary Q4 results.

• Outlook indicates sales growth of 11% versus last year ahead of market expectations of 10%: The provider of in-app communication solutions didn't issue revenue guidance yesterday, but forecast an increase in the adjusted operating profit margin from the current 16.1% to 22-21% in 2027.
• Over 9,000 AI companies are already building on Twilio services: By expanding into new areas, including more experimental parts of AI, Twilio says it will have a total addressable market size of $158 billion by 2028.