Stock Gamblers Podcast Summary - June 11, 2024
Intro Discussion:
- George and Chris chat about recent travels and venture capital events.
Market Recap:
- Fed Interest Rates: Investors are bracing for the Federal Reserve's update on 2024 interest rate cuts. Previously anticipated three cuts might now be reduced to just one due to persistent inflation and a strong labor market.
- Boeing Orders: Boeing's stock fell after only four orders and 24 deliveries in May, highlighting ongoing production issues.
- Nvidia Stock Split: Nvidia's stock rose nearly 1% post a 10-for-1 split, aimed at attracting retail investors. The company has a market value over $3 trillion.
- Shopify Outlook: J.P. Morgan rates Shopify as an Overweight buy despite recent losses, seeing significant market potential.
- Apple Surge: Apple added $215 billion to its market cap, closing in on Microsoft as the largest U.S. company, driven by positive AI strategy reviews.
- Natural Gas Prices: Natural gas surged over 7% due to forecasts of extreme heat in the U.S.
Previous Picks:
1. Cerner Corporation (CERN)
2. Avery Dennison Corporation (AVY)
3. American Water Works Company, Inc. (AWK)
4. Eastman Chemical Company (EMN)
5. LKQ Corporation (LKQ)
Roll Them Dice:
- Randomly selected companies for stock analysis:
- AT&T Inc. (T)
- Nvidia Corporation (NVDA)
- JPMorgan Chase & Co. (JPM)
- Amazon.com Inc. (AMZN)
- Visa Inc. (V)
Expert Picks:
- Motley Fool: Recommends Shopify as a buying opportunity after recent stock declines.
- Barron's Picks:
- WD-40 is seen as a buy despite a tough quarter.
- Lockheed Martin's stock, despite past underperformance, is recommended due to improving conditions and backlog increases.
Host Picks:
- Carbo: Chooses Nvidia post stock split and The Metals Company for its recent gains.
- George: Highlights Eli Lilly's Alzheimer's drug progress, boosting the stock.
Thank you for listening to Stock Gamblers!
Write us at: stockgamblersshow@gmail.com
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