SG S02E09 03/05/2024

In the March 5th, 2024 episode of Stock Gamblers, the episode covers several key news items, including Boeing's talks to buy Spirit AeroSystems amid quality issues with 737 MAX jets, the mutual decision of JetBlue Airways and Spirit Airlines to scrap their $3.8 billion merger agreement, and the significant stock surge of Duolingo Inc. following record quarterly results. They also discuss Torsten Sløk's revised outlook on Federal Reserve's interest rate policy, suggesting that rate cuts in 2024 are unlikely. The episode touches on Donald Trump's changing rhetoric on stock market performance, Norfolk Southern Corp.'s response to a demand for CEO Alan Shaw's dismissal following a train derailment, and Super Micro Computer Inc.'s nearly 1,000% rally as it prepares to join the S&P 500 Index. Furthermore, the EU's record antitrust fine against Apple signals a crackdown on Big Tech, while S&P Global Ratings indicates that the largest U.S. banks can handle their exposure to office real estate. The FAA's findings on Boeing's quality control issues and the unusual market stability of the Nasdaq-100 are also highlighted. Ford Motor's boost from strong February EV and hybrid sales, Jeff Bezos surpassing Elon Musk as the world's richest person, the financial struggles of independent restaurants, the impact of passive investments on capitalism, and the availability of the over-the-counter contraceptive pill, Opill, are discussed. Finally, the hosts delve into Bitcoin's place in investment portfolios, the implications of AT&T's network expansion error, the importance of earnings season, and offer stock picks and insights from expert sources.

Write us at: stockgamblersshow@gmail.com

Support the show at patreon.com/stockgamblers

Visit our site at stockgamblers.net

Hosted on Acast. See acast.com/privacy for more information.