Stock Gamblers Podcast Episode Summary
Date: September 26, 2023
Hosts: George Howell and Chris Carbonara
Intro:
George and Chris welcome new Patreons and set the tone for an informative episode.
Recap:
1. Weight-loss Medications: Novo Nordisk's and Eli Lilly's new weight-loss drugs, Ozempic and Wegovy, are gaining traction. Their effectiveness could present financial challenges for the U.S. healthcare system due to high costs and increasing obesity rates.
2. Binance Troubles: Binance faces a decline in market dominance due to regulatory pressures, executive departures, and potential U.S. Justice Department investigations.
3. Stock Market Decline: Concerns over rising bond yields and a robust dollar have negatively affected stocks. With the yield on the 10-year U.S. Treasury note hitting a 16-year high, Moody's warns of potential U.S. credit rating implications amid an imminent government shutdown.
4. FTC vs. Amazon: The FTC and 17 states sue Amazon for alleged monopolistic practices. Amazon counters, citing its role in fostering competition and innovation in the retail sector.
5. Government Shutdown: The U.S. faces another potential shutdown amid spending bill disagreements in the House. Potential implications for the U.S. government’s fiscal stability loom.
6. Ford's Battery Plant: Ford halts construction on its $3.5 billion EV battery plant in Michigan, sparking concerns over the future of EV investments and adoption in North America.
7. Target Closures: Target plans to shut nine stores in various cities due to escalating organized retail theft incidents.
8. Bond ETF Plunge: The iShares 20+ Year Treasury Bond ETF (TLT) drops to its lowest since 2011 amidst higher interest rate policies and rising U.S. debt yields. Experts predict a continuous downward trend for bonds.
Roll Them Dice:
Chris and George discuss the potential of various companies, including PepsiCo, Alphabet Inc., Adobe Inc., Toyota Motor Corporation, and Royal Dutch Shell plc.
Expert Picks:
Motley Fool: Roblox and Roku emerge as potential investment opportunities, with Roblox showing promise in the metaverse and Roku positioning itself favorably in the streaming wars.
Barron’s: Truist Financial seeks a turnaround following a 43% stock drop, implementing changes aiming for improvements by 2025.
Carbo's Picks:
Chris revisits Mastercard, highlighting its resilience amid market downturns, and endorses Canadian Natural Resources Limited (CNQ) due to potential yield in the oil sector.
George's Take:
George does not introduce new picks but reminds listeners of his previous selections, such as Mattel, Uber, and Novo Nordisk.
Virtual Stock Market:
The hosts give a quick update on the stock market virtual exchange competition for their Patreon subscribers.
Patreon Plug:
The episode is sponsored by listeners. Subscribers receive exclusive content, including access to the stock market virtual exchange competition.
Contact:
Listeners are encouraged to share feedback and stock picks via email at stockgamblersshow@gmail.com or visit their website at stockgamblers.net.
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