Stock Gamblers - Episode for Tuesday, November 14, 2023
Welcome to Stock Gamblers, where George Howell from Hershey, Pennsylvania, and Chris Carbonara from Wallingford, Pennsylvania, bring you the latest in the world of stocks and finance. Here's a summary of what was covered in this episode:
Intro - Fun Anecdotes:
- The hosts share amusing anecdotes about various topics, including blood donations, PSU, and mechanics.
Recap - Uplifting Indie:
- The stock market experienced ups and downs. On one day, it ended the S&P 500's longest winning streak in two years due to concerns about inflation and rising Treasury yields.
- On another day, stocks opened higher as inflation eased more than expected, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite seeing gains.
Stock News:
- Financial advisers recommend focusing on saving during the holiday season despite the temptation to spend, given high prices and interest rates.
- SAG-AFTRA, Hollywood's actors union, reached a tentative deal with studios to end its four-month strike, the longest ever for film and television actors.
- The FDA approved Eli Lilly's obesity treatment, Zepbound, which will compete with Novo Nordisk's obesity drug Wegovy.
- Sleep Number Corp experienced a decline in stock due to weakened consumer demand and price-consciousness, leading to cost-reduction measures.
- Janus Henderson Investors expressed concerns about the U.S. economy's fragility, emphasizing the risks of higher interest rates.
Regulation Changes:
- Changes in capital gains tax rates, gift tax exclusion, and estate tax exemption for 2024.
- IRS announces inflation adjustments to federal income-tax brackets for 2024, potentially resulting in tax savings for some Americans.
Stock Game:
- Carbo appears to be winning by \"cheating.\"
Roll Them Dice - Stock Game:
- In the Roll Them Dice segment, five randomly chosen publicly traded companies are added to the virtual market portfolio.
Listener Support:
- To support our show, please subscribe at patreon.com/stockgamblers
Expert Picks - Digital Sea:
- Motley Fool: Discussing Shopify's strong performance, with details about the company's services, technical ratings, and recent earnings.
- Barron's: Exploring the development of self-driving cars and the progress made by companies like Mobileye Global.
Our Picks:
- Carbo chooses Nvidia and recalls his previous pick, Upwork.
- George discusses Lumen Technologies, Affirm Holdings, and Ramaco Resources.
Closing:
- Thanking supporters and encouraging listeners to join their Patreon and participate in their virtual stock market exchange.
Stay informed and entertained with Stock Gamblers! Tune in and keep gambling on the stock market.
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Write us at: stockgamblersshow@gmail.com
Support the show at patreon.com/stockgamblers
Visit our site at stockgamblers.net
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