S01 E08 09/26/23

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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