Episode Date: Tuesday, July 2nd, 2024
Hosts: George Howell and Chris Carbonara
Rabbit Apocalypse and Invasion of The Zucchini.
Market News Recap:
- Dow Jones rose by 260.88 points as investors moved from tech to banking and energy sectors.
- S&P 500 and Nasdaq experienced declines, with Nvidia falling 6.7%.
- Economic data releases, including May’s personal consumption expenditure, are anticipated.
Stock News:
- Autodesk won a court battle against Starboard Value, allowing the planned board vote to proceed.
- Chipotle Mexican Grill announced a 50-for-1 stock split to increase accessibility for retail investors.
- Sirius XM Holdings is conducting a 1-for-10 reverse split post-merger with Liberty Media's Sirius XM tracking stock.
Stock Picks:
- George picked **Micron Technology** for its innovative memory and storage solutions, and Peyto Exploration & Development Company for its 9% dividend in the oil and gas sector.
- Chris highlighted Eli Lilly's progress with their Alzheimer’s drug, donanemab, receiving FDA advisory committee backing.
Special Segments:
- Expert Picks: Motley Fool recommends On Holding for its strong growth in the athletic footwear market.
- Barron’s analysis suggests **Honeywell** as a strong buy due to strategic acquisitions and operational improvements.
Listener Engagement:
- Encouragement to join Patreon for exclusive content and to participate in the virtual stock market game.
Closing:
- Special thanks to Patreon supporters.
- Announcement of a holiday break next week.
- Contact information and how to support the show via donations or Patreon.
Thank you for listening to Stock Gamblers!
Write us at: stockgamblersshow@gmail.com
Support the show at patreon.com/stockgamblers
Visit our site at stockgamblers.net
We will be off for the holiday.
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