Stock Gamblers - Episode for Tuesday, October 31, 2023
Welcome to Stock Gamblers! In this episode, hosts George Howell and Chris Carbonara bring you the latest in stock market news, expert picks, and more. Here's a summary of what you'll find in this episode:
Recap:
- U.S. jobless claims hit a nine-month low of 198,000, indicating a resilient labor market despite signs of cooling.
- WeWork, once valued at $47 billion, prepares to file for bankruptcy after missing bond interest payments.
Stock News:
- Mexican airport operators face challenges as the government raises concession fees, impacting profitability.
- A WSJ article discusses various factors contributing to the confusing market correction.
- Spotify's third-quarter results exceed expectations with impressive growth in active users, paying subscribers, and revenue.
- U.S. Retirement Savings System - Despite a $39 trillion post-Covid retirement savings system, nearly half of American families lack a retirement plan, leading to calls for reforms.
Moron of the Week:
- A charity thrift store in Wales requests donors not to contribute used sex toys.
Regulation Changes:
- The Biden administration proposes a rule to protect retirement savers from conflicts of interest during account rollovers.
Roll Them Dice:
- The hosts randomly select five publicly traded companies for their virtual market portfolio.
Expert Picks:
Motley Fool:
- Arista Networks experiences a surge in stock price due to strong demand and AI-driven growth.
Barron's:
Stock Gamblers Picks:
Carbo's picks:
- Match Group Inc (dating apps)
- Massimo (patient monitoring technologies).
George's pick:
- Snap, which exceeded financial expectations in Q3.
Closing - 80s Synth Wave:** The hosts thank their supporters and encourage listeners to join their Patreon for bonus content and to play in their virtual stock market exchange.
Don't miss out on the latest stock market insights and entertaining segments. Tune in to Stock Gamblers and keep gambling!
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