SG S02E18 06/11/2024

Stock Gamblers Podcast Summary - June 11, 2024Intro 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: [email protected] the show at patreon.com/stockgamblersVisit our site at stockgamblers.net Hosted on Acast. See acast.com/privacy for more information.