S02 E01 01/09/2024

Stock Gamblers- January 9, 2024

Intro:

Welcome to Stock Gamblers! Your hosts, George Howell and Chris Carbonara, are back to kickstart the new year in the world of stock market gambling.

Recap:

- The S&P 500 saw a successful 2023, with two-thirds of companies posting positive returns. Notable performers include Nvidia, Meta Platforms, and Royal Caribbean Group, while Enphase Energy, FMC, and Dollar General lagged.

- Nvidia had a remarkable year, with shares surging by 246%, driven by its role in generative AI and AI chip technology.

- Recession fears were alleviated thanks to policy actions and a robust labor market.

- Gold prices surged, influenced by potential interest rate cuts in 2024.

- Cryptocurrency market showed growth, especially among Generation Z.

- Some companies faced challenges, such as Cazoo and JD.com.

Stock News:

1. Boeing's Impact on Dow: Boeing's stock price dropped 8.2%, significantly affecting the Dow Jones Industrial Average due to its price-weighted index nature.

2. Amazon's Online Dominance: Amazon captured 29% of global online orders in the last two weeks before Christmas, thanks to its fast delivery and Prime subscription.

3. SEC Rules on Apple and Disney: The U.S. SEC ruled that Apple and Disney must allow shareholder votes on AI-related proposals.

4. CVS Shifting Away from Humira: CVS Health Corp. will remove AbbVie's Humira from its commercial prescription plans in favor of cheaper biosimilar alternatives.

5. Consumer Optimism in Housing: Fannie Mae's Home Purchase Sentiment Index reflects growing optimism in the U.S. housing market.

6. Saudi Aramco's Crude Oil Price Cuts: Saudi Aramco reduced crude oil prices globally in response to weaker oil prices and increased production from non-OPEC countries.

7. Red Sea Attacks Boost U.S. Petroleum Exports: Recent attacks in the Red Sea disrupted international oil transport, leading to increased U.S. petroleum exports.

Stock Game:

The hosts roll the dice on selected stocks, discussing their choices.

Patreon (Patrons of Stock Gamblers)

Details about how listeners can support the podcast on Patreon, including access to bonus content and engagement with the Stock Gamblers community. To get access to the extended show and access to our virtual stock market challenge, visit patreon.com/stockgamblers.

Expert Picks:

Analysis of expert stock picks from Motley Fool and Barron's.

Chris and George's Picks:

Our picks for the week.

Patreon:

If you find value in our content, please support our show at patreon.com/stockgamblers.

Closing:

Subscribe to our show so you don't miss out on the latest stock market insights and entertaining segments. Tune in to Stock Gamblers and keep gambling!

Write us at: stockgamblersshow@gmail.com

Support the show at patreon.com/stockgamblers

Visit our site at stockgamblers.net

Extended Show (PATREON MEMBERS ONLY):

In-depth coverage of additional stories, including Elon Musk's alleged drug use and its potential impact on his companies.

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