Nasdaq and Big Tech's Record Highs, Tesla Hotter In July, Paramount Soars 7/3/24
Squawk on the Street
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Market Insights and Strategist Departure
The chapter delves into the departure of strategist Marco Kalanovic after making inaccurate market predictions, discussing the challenges of forecasting stock movements and the absence of prominent strategists like Wilson and Abby Joseph Cohen. The episode also covers Tesla's market performance surge driven by meme stock mania, diverging drug prices impacting pharmaceutical companies, and Southwest Airlines' vulnerability amidst revenue guidance adjustments. Guest Lisa Shalit shares insights on diversifying investments beyond big tech companies and reallocating money to sectors with accelerating earnings growth in the second half of the year.
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Transcript
