This chapter reviews Mercado Libre's impressive quarterly performance and its comparison to Amazon within the Latin American market. It also discusses the trading details and potential of Designer Brands, touching on the dynamics affecting stocks in the current market.
Amazon, Alphabet, Microsoft, and Meta are all spending a ton of money to build out cloud capabilities to fuel the next phase of AI growth. But the market isn’t sold on that spend yet.
(00:21) Ron Gross and Matt Argersinger discuss:
- Why recent job numbers dramatically boosted the likelihood of a rate cut in 2024.
- Intel’s dividend cut, and what history has to say about companies that stop payments to shareholders.
- Why Apple and Meta are holding up well during a tough earnings season for big tech.
- Amazon, Microsoft, and Alphabet’s combined $45B in capital expenditures this quarter, and how investors should be thinking about this investment phase in AI.
(31:41) Ron and Matt break down two stocks on their radar: Designer Brands and MercadoLibre.
Stocks discussed: INTC, AAPL, META, AMZN, MSFT, GOOG, GOOGL, DBI, MELI
Host: Dylan Lewis
Guests: Ron Gross, Matt Argersinger
Engineers: Dan Boyd
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