This week, we delve into Meta's partnership with Luxottica and the future of smart glasses, examine the implications of CrowdStrike's recent software glitch, and explore Howard's DGEN Economy index and its performance. JC provide’s insights on market rotations from tech to financials and small caps, the resurgence of regional banks and transportation stocks, and Riley explains this week’s Trends with No Friends pick for an underfollowed stock—TE Connectivity.
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Skip Ahead:
(00:00) Meta to buy Luxottica?
(07:35) Is the market correcting?
(12:59) The size of the internet today
(15:15) Challenges for OpenAI
(23:51) JC’s chart pick: large-, mid-, and small-cap financials
(27:40) Howard’s picks: Gold, Solana, and Bitcoin
(32:44) The bullish nature of election years
(36:45) A look back on TwF bets
(38:20) CrowdStrike's software glitch and implications
(47:23) Other ATH’s: healthcare, transportation, and more
(54:26) TE Connectivity: An underfollowed gem
(58:46) Howard’s DGEN portfolio
(01:04:28) Stocktoberfest
(01:05:25) StockTwits' new earnings call feature
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Referenced:
• Meta in talks to buy 5% stake in Ray-Ban maker EssilorLuxottica, WSJ reports: https://www.reuters.com/markets/deals/meta-explores-stake-ray-ban-maker-essilorluxottica-ft-reports-2024-07-18/
• AI: OpenAI's variable costs at AI Scale. RTZ #428: https://michaelparekh.substack.com/p/ai-openais-variable-costs-at-ai-scale?r=swr&utm_medium=ios&triedRedirect=true
• Gary Marcus’s Tweet: https://x.com/GaryMarcus/status/1816116071226868085
• Ben Thompson on the Crowdstrike crash: https://x.com/stratechery/status/1815393309084537292
• Howard’s Degenerate Economy Index: https://gothematic.com/index/degencom?utm_source=www.howardlindzon.com&utm_medium=referral&utm_campaign=an-update-on-the-degenerate-economy-and-some-rules-and-advice
• Stocktwits Calendar (tune in to listen to earnings calls live): https://stocktwits.com/markets/calendar
• Stocktoberfest: https://stocktoberfest.stocktwits.com/
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Where To Find Howard and Friends:
• Howard - https://stocktwits.com/howardlindzon
• JC - https://stocktwits.com/allstarcharts
• Phil - https://stocktwits.com/ppearlman
• Michael - https://stocktwits.com/MParekh
• Riley - https://stocktwits.com/coloradoriley
• Production and Marketing - https://penname.co/
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Trends with Friends is brought to you by Stocktwits: https://stocktwits.com/
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Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/c/uncategorized/2024/02/21/stocktwits-newsletter-disclaimer/
