In this episode of Stock Gamblers, hosts George Howell and Chris Carbonara dive into the latest news and trends in the stock market. They start by discussing the persistent inflation challenges facing the U.S. economy, with expectations that inflation will remain above the Federal Reserve's 2% target into 2024. They also explore the potential return to 1970s-style stagflation and its implications for investors.
Moving on to stock news, they cover Tesla's stock decline following a downgrade, an emergency landing of an American Airlines flight, and Federal Reserve Chair Jerome Powell facing pressure on interest rates. They also discuss Kevin Plank's return as CEO of Under Armour and FTC Chair Lina Khan's criticism of Boeing's monopolization.
In other news, they touch on San Francisco 49ers safety Ji’Ayir Brown's attempt to buy a Tesla Cybertruck, Apple's acquisition of Canadian AI startup DarwinAI, and opposition from both President Joe Biden and Donald Trump to the sale of US Steel to Nippon Steel.
The episode also covers retail traders' shift in investment strategy, Hertz's CEO change, and advancements in AI technology by Cerebras Systems and Super Micro Computer.
In their picks segment, Carbo recommends investing in real estate through ETFs like ALPS ETF Trust and Schwab US REIT ETF, while George discusses the challenges facing Fisker amid a drop in stock price.
Don't miss out on the latest insights and discussions in the world of stock gambling with George and Chris on Stock Gamblers!
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