CNBC Special Report: Taking Stock 3/23/23
A recent podcast for investors discussed market volatility, TikTok concerns, Hindenburg Research's short report on Square, and Apple's $1bn push into entertainment. The hosts noted that while there are concerns about social media data protection and market swings, Square's gross profit and revenue remain strong, making the allegations in the short report unsubstantiated. The podcast also highlighted the S&P's surprising upward trend year to date and the soaring gold prices. The investment environment remains complex and challenging, with regulation, financial conditions, and market swings playing a key role in business investments and consumer spending.
Retail Sales Fall in February
US retail sales declined 0.4% in February, surpassing the projected 0.1% fall, due to a slowing economy and high prices. Apple's supplier Foxconn aims to diversify its offerings with an expansion into EV manufacturing, introducing self-driving electric tractors and battery replacement modules. Meanwhile, T-Mobile will spend $1.35bn to acquire Keenga Corporation and its prepaid wireless brand, Mint Mobile, to provide consumers with more competitive pricing and device inventory. The latter two moves may help combat challenges stemming from inflation and weak economies.
Adobe CEO, ChampionX & T-Mobile CEO with Ryan Reynolds 3/15/23
Investors should consider drug, senior growth tech and weak economy performing stocks, according to Jim Kramer of the podcast. With global economic concerns and the upcoming Federal Reserve meeting, Kramer warns of risks to credit quality and bankruptcy in banking investments. Opportunities exist in the aerospace cycle, China for American companies, and decarbonization trends. Cybersecurity is also highlighted as a growing concern. Kramer also discusses Bank of America's position, T-Mobile's acquisition of Mint Mobile, and Adobe's strong growth engine.
Market Sell-Off 3/15/23
Today's investor podcast covers a range of topics including the impact of plunging yields on markets, deflationary shock leading to shift towards mega-caps, market direction, Adobe's acquisition under regulatory scrutiny, market bifurcation favoring big tech firms, attractiveness of gold and silver, and more. Final trades include P Mar Innovator ETF, McDonald's and AMD.
Platinum Shines On
Investors discussed the US job market's latest results and the impact on women's participation, the increased demand for platinum, the decline in Apple's YoY revenue due to weak sales, and sell ratings amid concerns over demand and a weaker economy. These developments demonstrate the pandemic's ongoing impacts on various industries, with investors needing to weigh them carefully to make informed decisions.